Commercial Boiler Market

Commercial Boiler Market Forecast– 2030

The global commercial boiler market size was valued at $1.9 billion in 2020, and is projected to reach $2.8 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. A commercial boiler is a pressurized system that creates heat by burning combustible fuel to provide heating for residential and commercial buildings. Burner, combustion chamber, heat exchanger, controls, and exhaust stacks are just a few of the components that make up a commercial boiler.These add-ons are essential for a commercial boiler's optimal operation. However, due to efficient operation of commercial boilers, regional governments have mandated the installation of safety accessories in commercial boilers under the Code of Federal Regulations (CFR) and the India Boiler Regulation (IBR).

The outbreak of COVID-19 halted the manufacturing activities of end-use such as offices, educational institutions, and lodging which hindered the growth of commercial boiler market.

Over the projected period, sales of commercial boilers isexpected to increase due to rise in the number of commercial and residential buildings, as well as increased safety rules for heating equipment.Furthermore, most commercial boiler manufacturers are putting safety relief valves in current and new commercial boilers to release excessive pressure and improve performance and efficiency, which is also a major driver of the global market.

One of the most important factors projected to decrease overall sales of commercial boilers throughout the projection period is the high expense of frequent cleaning and maintenance. The focus of a leading commercial boiler manufacturer is on creating compact designs and energy-efficient accessories for commercial boilers.Furthermore, manufacturers are producing industrial boilers in accordance with regulatory standards. This has been a supply-side trend in the worldwide commercial boiler market, and is expected to continue during the forecast period.

The global commercial boiler market is segmented into fuel type, technology, capacity, end user, and region. On the basis of fuel type, the market is divided into natural gas, oil, coal, and others. Bytechnology, the market is bifurcated into condensing and non-condensing. On the basis of capacity, the market is segmented into less than 10 MMBtu/hr, 10-50 MMBTU/HR,  and others. Depending on enduser, the market is fragmented into offices, lodging, educational institutions, hospitals, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

The manufacturers studied and profiled in the commercial boiler industry include A.O. Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works, Inc., Vaillant Group, and Weil-McLain.

Commercial boiler market, by fuel type

In most of the commercial boilers, natural gas is used prominently as compared to solid fuel owing to the fact that natural gas improves the overall efficiency and reduces the harmful gases emission. Therefore, government also supports the use of natural gas fired combustion boilers.

Commercial boiler market, by technology

The non-condensing segment held the largest revenue share in the global commercial boilers market in 2020. A non-condensing boiler has a single heat exchanger chamber, where the hot gases from the burner, pass through to heat the water within the walls of that exchanger, before reaching the exit flue.  

Commercial boiler market, by capacity

By capacity, the less than 10 MMBtu/hr segment is projected to grow at a significant rate during the forecast period. Easy installation along with cost effectiveness over its available counterparts drive the industry growth.

Commercial boiler market, by End User

The hospitals segment held the largest revenue share in the global commercial boiler market. Rise in the demand of heat systems such as blower, geysers, and others in offices led to increase in in demand of commercial boiler and act as the main driver for market.

Commercial boiler market, by region 

The Europe commercial boiler market is estimated to witness a significant growth during the forecast period. Most of the building structures such as healthcare facilities and educational institutions in the U.K. are largely dependent on heating systems for supply of heat at low pressure.

Key benefits for stakeholders

• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current commercial boiler market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
• The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
• The profiles of key players and their key strategic developments are enlisted in the report.

Impact of COVID-19 on the global commercial boiler market

• Some of the major economies suffering from theCOVID-19 crises include Germany, France, Italy, Spain, the UK, Norway, and others. Many industries have been shut down due to lack of raw material availability and disruptions in the supply chain, owing to the virus outbreak. The worldwide lockdown has suspended the activities of educational institutions and lodging and many other sectors, which results in declining the demand for commercial boiler.

• Gaps in demand-supply, price volatility, and changes in government policy affect the growth of various end-use industries. In terms of its immediate and long-term effect on industry and consumers, the COVID-19 pandemic has outpaced any headwind ever encountered. The world economy of commercial boiler industries has been experiencing a rapid slowdown due to the constraints of the COVID-19 pandemic on economic activity.
• Governments around the world enacted stringent lockdowns, forcing the closure of a variety of residential and commercial infrastructure projects. This has had a direct impact on the expansion of a number of industries, including the commercialboiler sector.

Key Market Segments

By Fuel Type

• Natural Gas
• Oil
• Coal
• Others  

By Technology 

• Condensing
• Non-Condensing

By Capacity

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

By End User

• Offices
• Hospitals
• Educational Institutions
• Lodging
• Others 

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Spain
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key players in the global Commercial boilermarket are:

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

 Commercial Boiler Market Report Highlights