PUBLISHER: IMARC | PRODUCT CODE: 1520510
PUBLISHER: IMARC | PRODUCT CODE: 1520510
Commercial Boiler Market Report by Fuel Type, Technology, Capacity, End User, and Region 2024-2032
The global commercial boiler market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032. Increasing demand for energy-efficient heating systems, the rising focus on reducing carbon emissions, and stringent regulations incorporated by the government of various nations to adopt advanced commercial boilers represent some of the key factors driving the market.
A commercial boiler is a powerful heating unit that generates hot water or steam for various industrial or commercial applications. They are made up of several components, including a burner, combustion chamber, heat exchanger, and control systems. The burner is used for igniting the fuel source, which is typically natural gas or oil. The combustion chamber then uses this fuel to generate heat, which is transferred to the heat exchanger. The heat exchanger transfers the heat to the water or steam, which is then used for heating or power generation. Commercial boilers have a wide range of applications, including heating, generating electricity, and producing hot water for industrial processes. They are often used in hospitals, schools, manufacturing plants, and other large commercial buildings. The advantages of using a commercial boiler include high efficiency, reliability, and the ability to generate large amounts of heat. When compared to other heating systems, such as electric heaters, commercial boilers are often more cost-effective and efficient. Currently, there are various types of product variants, including condensing boilers, fire-tube boilers, and water-tube boilers.
Commercial Boiler Market Trends:
The global commercial boiler market is primarily bolstered by the increasing demand for energy-efficient heating systems. Additionally, the introduction of advanced commercial boilers that provide efficient and reliable heating solutions while minimizing energy consumption and environmental impact is propelling the market growth. In line with this, the implementation of various government initiatives to adopt advanced commercial boilers due to the rising focus on reducing carbon emissions is creating a positive outlook for the market. Apart from this, the expanding industrial sector, particularly in emerging economies, has created a substantial demand for the product in various industries, including manufacturing, healthcare, and hospitality, which is providing an impetus to the market growth. Additionally, the rapid advancements in boiler technologies, such as the integration of smart controls and the Internet of Things (IoT), and the escalating need for reliable and uninterrupted hot water supply in commercial buildings, including offices, hotels, and educational institutions, are fueling the market growth. Other factors, such as the increasing adoption of district heating systems, rapid urbanization, and the expanding commercial sector, are propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial boiler market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on fuel type, technology, capacity and end user.
Fuel Type Insights:
Natural Gas
Oil
Coal
Others
The report has provided a detailed breakup and analysis of the commercial boiler market based on the fuel type. This includes natural gas, oil, coal, and others. According to the report, the natural gas segment dominates the market.
Technology Insights:
Condensing
Non-Condensing
The report has provided a detailed breakup and analysis of the commercial boiler market based on the technology. This includes condensing and non-condensing.
Capacity Insights:
Less Than 10 MMBtu/Hr
10-50 MMBtu/Hr
Others
The report has provided a detailed breakup and analysis of the commercial boiler market based on capacity. This includes less than 10 MMBtu/Hr, 10-50 MMBtu/Hr, and others. As per the report, the less than 10 MMBtu/Hr segment leads the market.
End User Insights:
Offices
Hospitals
Educational Institutions
Lodging
Others
The report has provided a detailed breakup and analysis of the commercial boiler market based on the end user. This includes offices, hospitals, educational institutions, lodging, and others. As per the report, the offices segment spearheads the market.
Regional Insights:
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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. As per the report, Europe dominates the market. Some of the factors accelerating the Europe commercial boiler market include increasing adoption of renewable energy sources, government efforts to reduce greenhouse gas emissions and improve energy security, and rapid replacement of inefficient heating systems with modern and efficient boilers.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global commercial boiler market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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) and Wolf GmbH (Centrotec SE)., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global commercial boiler market in 2023?
- 2. What is the expected growth rate of the global commercial boiler market during 2024-2032?
- 3. What are the key factors driving the global commercial boiler market?
- 4. What has been the impact of COVID-19 on the global commercial boiler market?
- 5. What is the breakup of the global commercial boiler market based on the fuel type?
- 6. What is the breakup of the global commercial boiler market based on the capacity?
- 7. What is the breakup of the global commercial boiler market based on the end user?
- 8. What are the key regions in the global commercial boiler market?
- 9. Who are the key players/companies in the global commercial boiler market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Commercial Boiler Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Fuel Type
- 6.1 Natural Gas
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Oil
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Coal
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Condensing
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Non-Condensing
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Capacity
- 8.1 Less Than 10 MMBtu/Hr
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 10-50 MMBtu/Hr
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by End User
- 9.1 Offices
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Hospitals
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Educational Institutions
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Lodging
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Aerco International Inc. (Watts Water Technologies)
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Ariston Holding N.V.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Cleaver-Brooks Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Energy Kinetics Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Parker Boiler
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 PB Heat LLC. (NORITZ Corporation)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Slant/Fin Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Superior Boiler Works Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 The Fulton Companies
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Vaillant Group
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Weil-McLain (SPX Corporation)
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Wolf GmbH (Centrotec SE)
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Aerco International Inc. (Watts Water Technologies)
List of Figures
- Figure 1: Global: Commercial Boiler Market: Major Drivers and Challenges
- Figure 2: Global: Commercial Boiler Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Commercial Boiler Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Commercial Boiler Market: Breakup by Fuel Type (in %), 2023
- Figure 5: Global: Commercial Boiler Market: Breakup by Technology (in %), 2023
- Figure 6: Global: Commercial Boiler Market: Breakup by Capacity (in %), 2023
- Figure 7: Global: Commercial Boiler Market: Breakup by End User (in %), 2023
- Figure 8: Global: Commercial Boiler Market: Breakup by Region (in %), 2023
- Figure 9: Global: Commercial Boiler (Natural Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Commercial Boiler (Natural Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Commercial Boiler (Oil) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Commercial Boiler (Oil) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Commercial Boiler (Coal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Commercial Boiler (Coal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Commercial Boiler (Other Fuel Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Commercial Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Commercial Boiler (Condensing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Commercial Boiler (Condensing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Commercial Boiler (Non-Condensing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Commercial Boiler (Non-Condensing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Commercial Boiler (10-50 MMBtu/Hr) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Commercial Boiler (10-50 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Commercial Boiler (Other Capacities) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Commercial Boiler (Other Capacities) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Commercial Boiler (Offices) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Commercial Boiler (Offices) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Commercial Boiler (Hospitals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Commercial Boiler (Hospitals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Commercial Boiler (Educational Institutions) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Commercial Boiler (Educational Institutions) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Commercial Boiler (Lodging) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Commercial Boiler (Lodging) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Commercial Boiler (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Commercial Boiler (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: North America: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: North America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: United States: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: United States: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Canada: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Canada: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Asia-Pacific: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Asia-Pacific: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: China: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: China: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Japan: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Japan: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: India: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: India: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: South Korea: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: South Korea: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Australia: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Australia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Indonesia: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Indonesia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Others: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Europe: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Europe: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Germany: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Germany: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: France: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: France: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: United Kingdom: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: United Kingdom: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Italy: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Italy: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Spain: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Spain: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Russia: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Russia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Others: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Latin America: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Latin America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Brazil: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Brazil: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Mexico: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Mexico: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Others: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Middle East and Africa: Commercial Boiler Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Middle East and Africa: Commercial Boiler Market: Breakup by Country (in %), 2023
- Figure 85: Middle East and Africa: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Global: Commercial Boiler Industry: SWOT Analysis
- Figure 87: Global: Commercial Boiler Industry: Value Chain Analysis
- Figure 88: Global: Commercial Boiler Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Commercial Boiler Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Commercial Boiler Market Forecast: Breakup by Fuel Type (in Million US$), 2024-2032
- Table 3: Global: Commercial Boiler Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 4: Global: Commercial Boiler Market Forecast: Breakup by Capacity (in Million US$), 2024-2032
- Table 5: Global: Commercial Boiler Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 6: Global: Commercial Boiler Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Commercial Boiler Market: Competitive Structure
- Table 8: Global: Commercial Boiler Market: Key Players
