Press Releases

Commercial Boiler Market Size Set to Surpass US$3.34 Billion by 2030

According to a news release by Precedence Research, the global commercial boiler market size is expected to pass the US$ 3.34 billion mark by 2030 from US$ 2.19 billion in 2021 and is anticipated to grow with a healthy growth rate of  4.8% from 2021-2030. 

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

The commercial boiler market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

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The commercial boilers are pressure systems that heat water for building heating by burning combustible fuels or using electricity. Some boilers use hot water directly, while others use steam-generated water. The heat exchanger transfers heat from the burners or electric coils inside the boiler to the water. The combustion chamber, heat exchanger, burner, and other components make up a commercial boiler. The expanding demand for commercial boilers has been fueled by the growing preference for cost-effective heating systems in commercial enterprises around the world.

The natural gas is utilized more frequently in commercial boilers than solid fuel because natural gas enhances overall efficiency and minimizes dangerous gas emissions. As a result, the government is encouraging the use of natural gas-fired combustion boilers.

Scope of the Commercial Boiler Market

Report Coverage Details
Market Size in 2021 USD 2.19 Billion
Growth Rate from 2021 to 2030 CAGR of 4.8%
Revenue Projection by 2030 USD 3.34 Billion
Largest Market Europe
Fastest Growing Market North America

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global commercial boiler market are listed as below:

  • Parker Boiler
  • Fulton Boiler Company
  • Bosch Thermotechnology
  • A.O. Smith Corporation
  • Slant/Fin Corporation
  • Vaillant Group
  • Cochran Limited
  • Superior Boiler Works Inc.
  • Cleaver-Brooks
  • Weil-McLain Solvay S.A.

COVID-19 Impact

The commercial boiler market is expected to be negatively affected during the COVID-19 pandemic due to restrictions imposed on heating equipment manufacturing. The alarming spike in COVID infections led to the imposition of stringent lockdown. Further, lack of raw materials and resources due to a halt on transportation facilities may impede development. However, the adoption of reduced capacities and technologically advanced production machinery, protective gear, and sanitization methods may enable manufacturers to recover losses. These factors may propel market development during the pandemic.

Drivers and Restraints

The rising demand for the product from the healthcare and healthcare IT sector for space heating, sterilizing, and cleaning for boilers is expected to bolster the product demand. A rising focus on improving healthcare infrastructure among policymakers is expected to foster the product demand. Furthermore, the rising demand for new commercial boiler installations is expected to boost market development. Moreover, increasing research and development to produce novel products shall facilitate the product demand. For example, Bosch Thermotechnology announced the first of its kind connected boilers with the ability to be connected with tablets and laptops and enable the controlling and monitoring of multiple heating systems. These factors may drive the commercial boiler market growth.

The Europe segment dominated the global commercial boiler market in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. The majority of building constructions in the UK, such as healthcare facilities and educational institutions, rely heavily on low-pressure heating systems.

Segments Covered in the Report

By Fuel

  • Natural Gas
  • Oil
  • Coal
  • Others

By Technology

  • Condensing
  • Non-condensing

By Product

  • Hot Water
  • Steam

By Capacity

  • Less than 10 MMBtu/hr
  • 10-50 MMBtu/hr
  • Others

By Application

  • Offices
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global commercial boiler market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for commercial boiler are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Commercial Boiler Market 

5.1. COVID-19 Landscape: Commercial Boiler Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Commercial Boiler Market, By Fuel Type

8.1. Commercial Boiler Market, by Fuel Type, 2021-2030

8.1.1. Natural Gas

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Oil

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Coal

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Commercial Boiler Market, By Product Type

9.1. Commercial Boiler Market, by Product Type, 2021-2030

9.1.1. Hot Water

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Steam

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Commercial Boiler Market, By Technology Type 

10.1. Commercial Boiler Market, by Technology Type, 2021-2030

10.1.1. Condensing

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Non-condensing

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Commercial Boiler Market, By Capacity Type

11.1. Commercial Boiler Market, by Capacity Type, 2021-2030

11.1.1. Less than 10 MMBtu/hr

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. 10-50 MMBtu/hr

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Others

11.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Commercial Boiler Market, By Application

12.1. Commercial Boiler Market, by Application, 2021-2030

12.1.1. Offices

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Healthcare Facilities

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Educational Institutions

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. Lodgings

12.1.4.1. Market Revenue and Forecast (2017-2030)

12.1.5. Retail Stores

12.1.5.1. Market Revenue and Forecast (2017-2030)

12.1.6. Others

12.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Commercial Boiler  Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.1.2. Market Revenue and Forecast, by Product (2017-2030)

13.1.3. Market Revenue and Forecast, by Technology (2017-2030)

13.1.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.5. Market Revenue and Forecast, by Application (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.1.6.2. Market Revenue and Forecast, by Product (2017-2030)

13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.7. Market Revenue and Forecast, by Application (2017-2030)

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.1.8.2. Market Revenue and Forecast, by Product (2017-2030)

13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.1.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.8.5. Market Revenue and Forecast, by Application (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.2. Market Revenue and Forecast, by Product (2017-2030)

13.2.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.5. Market Revenue and Forecast, by Application (2017-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.6.2. Market Revenue and Forecast, by Product (2017-2030)

13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.7. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.8. Market Revenue and Forecast, by Application (2017-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.9.2. Market Revenue and Forecast, by Product (2017-2030)

13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.10. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.11. Market Revenue and Forecast, by Application (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.12.2. Market Revenue and Forecast, by Product (2017-2030)

13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.13. Market Revenue and Forecast, by Application (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.14.2. Market Revenue and Forecast, by Product (2017-2030)

13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.15. Market Revenue and Forecast, by Application (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.2. Market Revenue and Forecast, by Product (2017-2030)

13.3.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.5. Market Revenue and Forecast, by Application (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.6.2. Market Revenue and Forecast, by Product (2017-2030)

13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.7. Market Revenue and Forecast, by Application (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.8.2. Market Revenue and Forecast, by Product (2017-2030)

13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.9. Market Revenue and Forecast, by Application (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.10.2. Market Revenue and Forecast, by Product (2017-2030)

13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.10.5. Market Revenue and Forecast, by Application (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.11.2. Market Revenue and Forecast, by Product (2017-2030)

13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.11.5. Market Revenue and Forecast, by Application (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.2. Market Revenue and Forecast, by Product (2017-2030)

13.4.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.5. Market Revenue and Forecast, by Application (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.6.2. Market Revenue and Forecast, by Product (2017-2030)

13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.7. Market Revenue and Forecast, by Application (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.8.2. Market Revenue and Forecast, by Product (2017-2030)

13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.9. Market Revenue and Forecast, by Application (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.10.2. Market Revenue and Forecast, by Product (2017-2030)

13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.10.5. Market Revenue and Forecast, by Application (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.11.2. Market Revenue and Forecast, by Product (2017-2030)

13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.11.5. Market Revenue and Forecast, by Application (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.5.2. Market Revenue and Forecast, by Product (2017-2030)

13.5.3. Market Revenue and Forecast, by Technology (2017-2030)

13.5.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.5. Market Revenue and Forecast, by Application (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.5.6.2. Market Revenue and Forecast, by Product (2017-2030)

13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.7. Market Revenue and Forecast, by Application (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Fuel (2017-2030)

13.5.8.2. Market Revenue and Forecast, by Product (2017-2030)

13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.8.5. Market Revenue and Forecast, by Application (2017-2030)

Chapter 14. Company Profiles

14.1. Parker Boiler

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Fulton Boiler Company

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Bosch Thermotechnology

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. A.O. Smith Corporation

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Slant/Fin Corporation

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Vaillant Group

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Cochran Limited

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Superior Boiler Works Inc.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Cleaver-Brooks

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Weil-McLain Solvay S.A.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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