A commercial boiler is a pressurized system that produces heat by burning combustible fuel or using electricity for heating water in residential and commercial buildings. Some of the most commonly used components in a commercial boiler include burner, combustion chamber, heat exchanger, controls, and exhaust stacks. The burner or electric coil in a commercial boiler produces steam via a heat exchanger to convert cold water into hot water. As a result, commercial boilers are widely installed across offices, warehouses, educational institutions, retail outlets, and hospitals.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
According to the latest report by IMARC Group, "Global Commercial Boiler Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027", The global commercial boiler market reached a value of US$ 1.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.56 Billion by 2027 exhibiting a CAGR of 4.20% during 2022-2027.
Commercial Boiler Market Trends and Drivers:
The global commercial boiler market is primarily driven by the increasing demand for space heating across commercial spaces to keep the area warm and comfortable.
Besides this, the rising number of commercial and residential buildings coupled with the growing need for safety rules in heating equipment are also fueling the growth of the market. In addition to this, governments across various countries are implementing stringent environmental regulations, thereby escalating the demand for advanced commercial boilers.
They are also upgrading the existing commercial boilers to decrease carbon footprint. Furthermore, manufacturers are introducing commercial boilers with safety relief valves to release excessive pressure and improve performance and efficiency, which is anticipated to positively influence the market growth in the upcoming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Commercial Boiler Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis of region, fuel type, technology, capacity and end user.
Breakup by Fuel Type:
Natural Gas
Oil
Coal
Others
Breakup by Technology:
Condensing
Non-Condensing
Breakup by Capacity:
Less Than 10 MMBtu/Hr
10-50 MMBtu/Hr
Others
Breakup by End User:
Offices
Hospitals
Educational Institutions
Lodging
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the leading key players in the industry.
Aerco International Inc. (Watts Water Technologies)
Ariston Holding N.V.
Cleaver-Brooks Inc.
Energy Kinetics Inc.
Parker Boiler
PB Heat LLC. (NORITZ Corporation)
Slant/Fin Corporation
Superior Boiler Works Inc.
The Fulton Companies
Vaillant Group
Weil-McLain (SPX Corporation)
Wolf GmbH (Centrotec SE)
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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