North America Commercial Hot Water Boiler Market Size - By Fuel, By Technology, By Application & Forecast, 2023

Description

List of Tables

North America commercial hot water boiler market size is projected to expand at over 6.6% CAGR from 2023 to 2032. The increasing focus on energy efficiency together with the influx of stringent regulations for promoting sustainable heating solutions is contributing to the rising demand for reliable hot water in commercial establishments. Additionally, the growing awareness of environmental impacts is adding to the adoption of green building initiatives.

Higher technological advancements, including the integration of smart and connected systems will also fuel the demand for commercial hot water boilers in the region. For instance, in April 2023, Canadian commercial heat pump manufacturer Transom launched its new CO2 (R744) air-to-water commercial hot-water heat pump tailored for the diverse needs of the West Coast commercial market in North America.

The North America commercial hot water boiler industry is segregated based on fuel, capacity, technology, application and region.

Based on technology, the market value from the non-condensing segment is projected to increase at substantial CAGR through 2032. This is due to the cost-effectiveness, simple design, and suitability offered by non-condensing hot water boilers in various applications. The robust demand for reliable hot water solutions in commercial settings across the region will also add to the segment growth.

In terms of fuel, the North America natural gas commercial hot water boiler industry is estimated to accumulate sizeable revenue share by 2032. The growth can be attributed to the abundant availability of natural gas due to its cost-effectiveness. There has also been increasing emphasis across the region on cleaner and more efficient fuel options in commercial heating applications.

The lodgings application segment is projected to register commendable CAGR through 2032, attributed to the expanding hospitality sector in North America along with the increasing demand for hot water in hotels and accommodations. Moreover, the higher focus on providing energy-efficient and reliable heating solutions in lodging establishments will boost the segment growth.

Regionally, the Canada commercial hot water boiler industry is slated to expand at rapid pace during 2023-2032, driven by the increasing emphasis on energy efficiency and regulatory support for sustainable heating solutions. The growing demand for reliable hot water in various commercial applications will also drive the regional market expansion.

Product Code: 7153

Chapter 1 Methodology & Scope

1.1 Market scope and definitions
1.2 Market estimates & forecast parameters
- 1.2.1 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 North America Commercial Hot Water Boiler Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
2.2 Regulatory landscape
2.3 COVID- 19 impact on the industry outlook
2.4 Industry impact forces
- 2.4.1 Growth drivers
- 2.4.2 Industry pitfalls & challenges
2.5 Growth potential analysis
2.6 Porter's Analysis
- 2.6.1 Bargaining power of suppliers
- 2.6.2 Bargaining power of buyers
- 2.6.3 Threat of new entrants
- 2.6.4 Threat of substitutes
2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Competitive landscape, 2022
- 3.1.1 Strategic dashboard
3.2 Innovation & technology landscape

Chapter 4 North America Commercial Hot Water Boiler Market, By Fuel (Units, MMBTU/hr & USD)

4.1 Key trends, by fuel
4.2 Natural Gas
4.3 Oil
4.4 Coal
4.5 Electric
4.6 Others

Chapter 5 North America Commercial Hot Water Boiler Market, By Capacity (Units, MMBTU/hr & USD)

5.1 Key trends, by capacity
5.2 ≤ 0.3 - 2.5 MMBtu/hr
5.3 > 2.5 - 10 MMBtu/hr
5.4 > 10 - 25 MMBtu/hr
5.5 > 25 - 50 MMBtu/hr
5.6 > 50 MMBtu/hr

Chapter 6 North America Commercial Hot Water Boiler Market, By Technology (Units, MMBTU/hr & USD)

6.1 Key trends, by technology
6.2 Condensing
6.3 Non-condensing

Chapter 7 North America Commercial Hot Water Boiler Market, By Application (Units, MMBTU/hr & USD)

7.1 Key trends, by phase
7.2 Offices
7.3 Healthcare facilities
7.4 Educational institutions
7.5 Lodgings
7.6 Retail stores
7.7 Others

Chapter 8 North America Commercial Hot Water Boiler Market, By Country (Units, MMBTU/hr & USD)

8.1 Key trends, by country
8.2 U.S.
8.3 Canada
8.4 Mexico

Chapter 9 Company Profiles

9.1 Cleaver-Brooks
9.2 Viessmann
9.3 Ferroli S.p.A
9.4 Bosch Industriekessel GmbH
9.5 Thermal Solutions
9.6 Columbia Boiler Company
9.7 Parker Boiler
9.8 Slant/Fin Corporation
9.9 Lochinvar
9.10 Laars Heating Systems
9.11 Weil-McLain
9.12 A. O. Smith Corporation
9.13 Raypak
9.14 Bradford White Corporation
9.15 American Water Heaters
9.16 Rheem Manufacturing Company
9.17 Patterson-Kelley
9.18 AJAX Boiler, Inc.
9.19 AERCO International, Inc.
9.20 Burnham Commercial