Press release
Commercial Boiler Market By Boiler Type (Fire Tube, Water Tube), By Fuel Type (Natural Gas, Oil, Coal), By Technology (Condensing, Non-Condensing), By Application (Offices, Warehouse And Storage Facilities, Retail Stores, Educational Institutions, Lodging
Commercial Boiler Market Report
The Business Research Company presents an extensive market research report on the ""Commercial Boiler Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the commercial boiler industry. This report on commercial boiler market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
It will grow from $3.81 billion in 2023 to $4 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to increased heating and hot water demand, increased industrial process heat, energy efficiency regulations, fuel prices and availability, and economic growth.
The commercial boiler market size is expected to see steady growth in the next few years. It will grow to $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
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Key Market Players:
O Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company are prominent players in the commercial boiler industry.
Market Drivers:
According to the Commercial Boiler Market Report 2024 by The Business Research Company, the key factors driving the growth of the Commercial Boiler market, includes the rising commercial buildings and increase in safety equipment. 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. Commercial boilers keep the commercial buildings safe and comfortable with lesser wastage of energy. Commercial boilers are a safe and cost-effective choice for commercial buildings. The rising commercial buildings and increase in the safety equipment required will generate demand for commercial boilers as these are an important part of commercial buildings for heat/steam applications.
More information about the Global Commercial Boiler Market Report -
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Market segments for Commercial Boiler include:
1) By Boiler Type: Fire Tube, Water Tube
2) By Fuel Type: Natural Gas, Oil, Coal, Other Fuel Types
3) By Technology: Condensing, Non-Condensing
4) By Application: Offices, Warehouse And Storage Facilities, Retail Stores, Educational Institutions, Lodgings, Public Assembly Buildings, Healthcare Facilities
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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https://www.thebusinessresearchcompany.com/report/heating-equipment-global-market-report
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