Global Commercial Boiler Market Growth, Share, Size, Trends, and Forecast (2023 - 2032) | AO Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company
As per the commercial boiler market report by The Business Research Company, the rising commercial buildings and increase in safety equipment are expected to propel the growth of the commercial boiler market. Commercial buildings such as offices, retail stores, warehouses & storage facilities, and hospitals are rising due to various reasons such as economic development, rapid urbanization, industrial development, and others. A commercial boiler consists of a pressurized system that uses electricity or burns fuel to heat the water or provide heat in commercial buildings.
The global commercial boiler market size grew from $3.69 billion in 2022 to $3.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The commercial boiler market size is expected to grow to $5.09 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the commercial boiler market include AO Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works Inc., Weil-McLain Solvay SA, Dongfang Electric Corporation Limited, Babcock & Wilcox Enterprises Inc., John Wood Group PLC, Alfa Laval AB, ANDRITZ AG, Robert Bosch GmbH, Sofinter Group, Robert Bosch GmbH, Sofinter Group, Byworth Boilers Limited, Baxi and Cheema Boilers Limited.
The commercial boiler market is segmented -
•By Boiler Type: Fire Tube, Water Tube
•By Fuel Type: Natural Gas, Oil, Coal, Other Fuel Types
•By Technology: Condensing, Non-Condensing
•By Application: Offices, Warehouse And Storage Facilities, Retail Stores, Educational Institutions, Lodgings, Public Assembly Buildings, Healthcare Facilities
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the commercial boiler market.
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A commercial boiler refers to a pressurized system offering steam and hot water to buildings through the use of electricity or burning combustible fuel. With the lesser wastage of energy, commercial boilers keep commercial buildings safe and comfortable. Commercial boilers tend to be in the range of 30 to 150Kw.
The Table Of Content For The Commercial Boiler Market Include:
1. Executive Summary
2. Commercial Boiler Market Characteristics
3. Commercial Boiler Market Trends And Strategies
4. Commercial Boiler Market - Macro Economic Scenario
5. Commercial Boiler Market Size And Growth
26. Africa Commercial Boiler Market
27. Commercial Boiler Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Boiler Market
29. Commercial Boiler Market Future Outlook and Potential Analysis
The "Global Commercial Boiler Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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