Commercial Boiler Market Research Report: Growth, Share, Value, Size, and Insights | Clayton Industries, Hurst Boiler, Miura Boilers

Global Commercial Boiler Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Commercial Boiler Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global commercial boiler market was valued at USD 14.8 billion in 2024 and is expected to reach USD 28.9 billion by 2032, growing at a CAGR of 6.9% from 2025 to 2032.

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Latest Trends:

The growing penetration of highly cost-effective and energy-efficient systems to meet the water storage & heating requirements across commercial facilities will favor these kinds of boiler products during the forecast period. Various technologies have been adopted by these boiler manufacturers, such as growing digital system integration for effective control & monitoring capabilities, ease of installation, and low acquisition costs, driving the market's growth.

The establishment of the new commercial sector such as offices, healthcare, and educational institutions is expected to propel these boilers worldwide. For example, from April 2021 to June 2021, more than 17,200 new companies were set up in India. Therefore, these new companies will propel the commercial sector, supporting the commercial boiler market growth.

Major Players in Commercial Boiler Markets are:

Clayton Industries, Hurst Boiler, Miura Boilers, Crown Boiler, Viessmann, A. O. Smith, Buderus, HTP, Fulton Boiler Works, Slant/Fin Corporation, Bosch Heating and Cooling, Lochinvar, Utica Boilers, CleaverBrooks, Weil-McLain

Recent Developments

In 2022- A.O. Smith Corporation acquired Atlantic Filter Corporation, a water treatment solutions provider.

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Global Commercial Boiler Market Segmentation:

By Fuel Type:
Natural gas
Oil
Coal
Others

By Technology:
Condensing
Non-condensing

By Capacity:
Less than 10 MMBtu/hr
10-50 MMBtu/hr
Others

By End-User:
Offices
Hospitals
Educational Institutions
Lodging
Others

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The following areas and countries are covered in the worldwide Commercial Boiler Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

Asia Pacific dominates the commercial boiler market share during the forecast timeframe. The environmental policy and increasing thermal treatment process in Asia Pacific have led to the highest share. In addition, the growing foreign direct investment in the region has led to increase in commercial buildings, such as the healthcare sector, offices, and others, leading to dominance in the region. North America is anticipated to witness steady growth, with the U.S. leading the industry landscape in the region. The market in the region will grow owing to changing trends toward replacing or upgrading the existing heating systems and improvement in the operational ability of boilers.

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