Commercial Boiler Market Size
The USD 13.3 billion commercial boiler market is currently valued and is projected to grow at a 7.2% annual rate between 2024 and 2032. As clean energy technology gains traction and energy systems transition from fossil fuels to decarbonized alternatives, business growth will accelerate. For example, the investments made over the construction of workplaces show an increase of more than 10% across Europe in 2023.
To identify important trends in the market
A commercial boiler is essential to the heating and hot water supply of large buildings and facilities, such as offices, complexes, hospitals, schools, and healthcare facilities. These boilers meet more demands than home systems due to their strong performance, durability, and energy economy. These systems guarantee best operation and low energy usage by including cutting-edge technology for greater control, safety, and environmental compliance. Maintaining safe and comfortable surroundings in business contexts depends on their dependability and efficiency.
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| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Commercial Boiler Market Size in 2023 | USD 13.3 Billion |
| Forecast Period | 2024-2032 |
| Forecast Period 2024-2032 CAGR | 7.2% |
| 032 Value Projection | USD 24.8 Billion |
| Historical Data for | 2021-2023 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 56 |
| Segments covered | Fuel, Capacity, Technology, Product, Application & Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Commercial Boiler Market Trends
The market for boilers will be positively impacted by the widespread use of these units for space and water heating in commercial buildings, such as airports, colleges, and federal institutions. The business situation will benefit from rising government spending in the healthcare sector as well as significant investments made by both public and private entities. Increased use of these units for space heating, water heating, and autoclave equipment sterilization will improve the industry's prospects.
Commercial Boiler Market Analysis
Find out more about the major market categories influencing this one.
The < 0.3 - 2.5 MMBtu/hr commercial boiler industry is expected to generate over USD 3 billion by 2032. The corporate environment will be shaped by the extensive use of these devices in commercial buildings that include hotels, offices, meeting rooms, educational institutions, medical facilities, and shopping malls. The ability to give quick hot water, cheap operating and maintenance costs, and convenience of installation are just a few of the many benefits that these low-capacity units offer, all of which will encourage product adoption.
Find out more about the major market categories influencing this one.
By 2032, the market for hot water commercial boilers is expected to increase at a rate of more than 7%. Due to the increasing replacement of outdated heating systems to comply with energy efficiency regulations and strict construction standards and rules that will benefit the corporate environment, the industry is experiencing tremendous growth. Additionally, customers are implementing new heating systems in order to adhere to LEED certification requirements and green building rules, which is helping the firm expand.
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By 2032, the commercial boiler market in Europe is expected to grow to a value of over USD 10 billion. The business picture will be improved by increasing foreign investments in commercialization in accordance with advantageous government measures for building manufacturing facilities. The implementation of these measures will also be supported by continuous infrastructure development targeted at the revitalizing building sector and strict emission control regulations that align with national objectives.
The U.S. commercial boiler market is expected to be supported by harsh weather conditions as well as the implementation of advantageous government programs and incentives meant to encourage the use of clean technologies. Business growth will be fueled by the increasing use of these units for steam provision in commercial settings as well as customer preferences for energy-efficient heating systems. Key elements supporting the industry outlook include the need to improve current commercial facilities and the growing demand for space heating, which is made worse by cold winter temperatures.
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Commercial Boiler Market Share
Miura America Co. is one of the leading manufacturers of commercial and industrial boiler systems. The company's boilers, which are renowned for their creative and energy-efficient designs, are small, dependable, and eco-friendly, providing notable cost and operational savings. The company's product lineup includes modular steam boilers, hot water boilers, and auxiliary equipment, all designed to meet the diverse needs of various industries, from food and beverage processing to healthcare and manufacturing. It is committed to delivering advanced boiler technology that enhances productivity while reducing carbon footprints, making it a trusted partner for sustainable energy solutions in the market.
Commercial Boiler Market Companies
The key industry players include
- A.O. Smith
- AERCO
- Ariston Holding
- Atlantic Boilers
- Babcock & Wilcox
- Babcock Wanson
- Bosch Industriekessel
- Bradford White Corporation
- BURNHAM COMMERCIAL BOILERS
- Clayton Industries
- Cleaver-Brooks
- Columbia Boiler Company
- Energy Kinetics
- FERROLI
- Fonderie Sime
- FONDITAL
- Hurst Boiler & Welding Co.
- Lattner Manufacturing Co.
- Miura America Co.
- NTI Boilers
- PARKER BOILER
- PB HEAT
- Precision Boilers
- Slant/Fin Corporation
- The Fulton Companies
- Thermal Solutions
- Vaillant Group
- VIESSMANN
- Weil-McLain
- WOLF
Commercial Boiler Industry News
- Ariston Holding N.V. has announced in January 2023 that CENTROTEC Climate Systems had been acquired from CENTROTEC SE. Renowned brands abound in this purchase; Wolf pioneered the development of next-generation domestic boilers. This calculated action will strengthen Ariston Holding's position and improve the range of products it offers all throughout Europe.
Babcock Wanson bought Parat, a leading manufacturer of high voltage boilers and PBS Power Equipment, a well-known European boiler solutions company, in January 2023. This purchase increases the company's market share and improves its technical capacity. Combining Parat's outstanding high voltage boiler technology with PBS Power Equipment's creative ideas will help the firm provide its worldwide customers more complete and effective energy solutions.
The commercial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD Million” from 2021 to 2032, for the following segments
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Market, By Fuel
- Natural Gas
- Oil
- Coal
- Electric
- Others
Market, By Capacity
- ≤ 0.3 - 2.5 MMBtu/hr
- > 2.5 - 10 MMBtu/hr
- > 10 - 50 MMBtu/hr
- > 50 - 100 MMBtu/hr
- > 100 - 250 MMBtu/hr
Market, By Technology
- Condensing
- Non-Condensing
Market, By Product
- Hot Water
- Steam
Market, By Application
- Offices
- Healthcare Facilities
- Educational Institutions
- Lodgings
- Retail Stores
- Others
The above information has been provided for the following regions and country
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Poland
- Italy
- Spain
- Austria
- Germany
- Sweden
- Russia
- Asia Pacific
- China
- India
- Philippines
- Japan
- South Korea
- Australia
- Indonesia
- Middle East & Africa
- Saudi Arabia
- Iran
- UAE
- Nigeria
- South Africa
- Latin America
- Argentina
- Chile
- Brazil
Frequently Asked Questions (FAQ)
What is the size of the commercial boiler market?
Global commercial boiler industry was valued at USD 13.3 billion in 2023 and is anticipated to register 7.2% CAGR between 2024 and 2032 due to the increasing demand for space heating in commercial buildings and surging replacement of the existing heating units with energy-efficient boilers.
Why is the demand for hot water commercial boilers rising?
The hot water segment in the market will witness 7% CAGR through 2032, driven by green building practices and LEED certification requirements.
How big is the Europe commercial boiler industry?
Europe commercial boiler market is set to surpass USD 10 billion by 2032 due to the increasing foreign investments in commercialization and favorable government initiatives.
Who are the leading commercial boiler industry players?
A.O. Smith, AERCO, Ariston Holding, Atlantic Boilers, Babcock & Wilcox, Babcock Wanson, Bosch Industriekessel, Bradford White Corporation, BURNHAM COMMERCIAL BOILERS, Clayton Industries, and Cleaver-Brooks, among others.
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