UK Commercial Boiler Market size exceeded USD 1.1 billion in 2023 and is expected to grow at 8.4% CAGR from 2024 to 2032 on account of the commercial growth with the rebounding construction sector.
For obtaining key market trends
The industry will be supported by a considerable momentum due to greater consumer consciousness and environmental policies encouraging the installation of stable and efficient heating equipment. The sector has seen growing space heating requirements, which have helped shape the industry. Harsh climatic conditions accompanied by increasing demand for hot water systems with advanced space heating technologies will drive the industry prospect.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| UK Commercial Boiler Market Size in 2023 | USD 1.1 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 8.4% |
| 2032 Value Projection | USD 2.2 Billion |
| Historical Data for | 2019 to 2023 |
| No. of Pages | 70 |
| Tables, Charts & Figures | 89 |
| Segments covered | Capacity, Fuel, Technology, Product, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
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What are the growth prospects in this market?
COVID– 19 Impact
The COVID- 19 pandemic has had a negative effect on the economy. The massive scale lockdowns have led to shutdowns of different business activities and infrastructure development works Additionally, the social distancing policy and the diminished business activities have put financial burdens on the commercial businesses and triggered the trend towards reduced space utilization. The lockdown has had a devastating effect on retail stores, restaurants & bars, and public assembly, affecting the commercial boiler market growth in United Kingdom.
UK Commercial Boiler Market Analysis
The gas fired boiler market reached a valuation of over USD 550 million in 2022. Natural gas's competitive pricing, coupled with the increased use of eco-friendly technologies will boost the business scenario. Easy and abundant availability of natural gas reserves will further contribute towards the growth of the industry. Additionally, stringent government policies for supporting the adoption of low-emission fuels will have a beneficial effect on the industry scenario.
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Learn more about the most important segments influencing this market
The ≤ 0.3 - 2.5 MMBtu/hr capacity commercial boilers industry will be growing at a rate of 8% from 2023 to 2032. Growing utilization within broad range of applications such as assemblies, lodgings, offices, schools, institutions, retail stores, and healthcare units will heighten the business prospect. The product has multiple benefits such as low initial investment & maintenance expense and simplicity-of-installation which will subsequently benefit the industry landscape.
> 10 - 50 MMBtu/hr capacity boilers are expected to increase due to its extensive use throughout warehouses, schools and accommodation sector. Continuous investments towards the establishment of commercial buildings along with the rising investments towards the renovation of healthcare complexes will drive the industry figures.
Discover more about the prominent segments driving this market
The hot water boiler commercial market is expected to accumulate USD 1.2 billion by the year 2032. Rising upgradation of existing heating systems with energy efficient infrastructure will surge the business landscape. Buyers are also adopting new heating systems to meet green building regulations and LEED certification requirements, which is boosting the industry demand. The low acquisition cost and addition of digital systems to enhance monitoring in the advanced systems will drive the product penetration.
Condensing boiler market record 10.8% CAGR from 2023 to 2032. Growing focus on lowering carbon impressions and saving energy, will boost the use of these boilers. Environmental Protection Agency (EPA) has initiated National Emission Standards for Hazardous Air Pollutants (NESHAP) to oversee boiler emissions that will in return trigger replacement of existing boiler units with condensing units.
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The medical application recorded UK commercial boiler market share of 25% in 2022. Strong deployment of the units to achieve space heating, water heating, and equipment sterilization across the industry will energize the industry dynamic. Increased demand for the diagnosis centers in accordance with increasing upgradation of the existing healthcare facilities will foster the business potential.
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UK Commercial Boiler Market Share
The key industry market players are
- Babcock & Wilcox Enterprises ,Inc
- VIESSMANN
- The Fulton Companies
- Clayton Industries
- Bosch Thermotechnology ,Ltd
- Cochran
- A.O. Smith Water Products Company B.V
- BDR Thermea Group
- Ferroli Ltd
- Vaillant Group
- WOLF
- Hoval
- FONDITAL S.p.A
- ACV
- SIME
- Ariston Holding N.V
- Grundfos Pumps
- Immergas S.p.A
UK Commercial Boiler Industry News
- In April 2022, WOLF launched the CGB-2-68/75/100 gas condensing boiler, to meet the intensive needs of high thermal power. It features the latest technological innovations, regulation control capacity, and quality components. The product launch was aligned with the company’s strategy to cater to the heat demand from commercial consumers, thereby expanding its presence across the sector.
- In May 2022, The Fulton Companies launched a classic steam boiler. The new boiler has a compact, vertical tubeless design. Classic uses proven technology to deliver steam economically while delivering rugged, robust, and reliable operations. Additionally, Classic steam boilers are exempt from expensive and time-consuming SBG01 non-destructive testing requirements.
The UK Commercial Boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 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
Frequently Asked Questions (FAQ)
How big is the UK commercial boiler market?
The market size of UK commercial boiler exceeded USD 1.1 billion in 2023 and is poised to attain 8.4% CAGR during 2024 to 2032, explains GMI report.
Which commercial boilers are in high demand across UK?
Hot water commercial boiler industry is set to surpass USD 1.2 billion by 2032 due to the upgradation of existing heating technologies with energy-efficient systems.
Why are commercial boilers in high demand across the healthcare sector in UK?
UK commercial boiler sector from the healthcare application held 25% share in 2022 attributed to robust deployment of these units for space heating, water heating, and equipment sterilization across the sector.
Who are the leading companies in the UK commercial boiler industry?
Leading market player are Babcock & Wilcox Enterprises, The Fulton Companies, Clayton Industries, Bosch Thermotechnology, Cochran, A.O. Smith Water Products Company, BDR Thermea Group, Ferroli, Vaillant Group, WOLF, Hoval, FONDITAL, ACV, SIME, and Ariston Holding.
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