PUBLISHER: IMARC | PRODUCT CODE: 1298687
PUBLISHER: IMARC | PRODUCT CODE: 1298687
Commercial Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global commercial boiler market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 1.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.11% during 2023-2028.
Commercial boilers refer to pressurized systems that use electricity or combustible fuels to heat water that provides heating in a commercial building. They consist of a burner, combustion chamber, heat exchanger, controls, and exhaust stack. Some commonly used commercial boilers include firetube, water tube, commercial electric, vertical, and condensing boilers. Depending on the type of the boiler, the burner or electric coil produces hot water or steam, which is transferred via pipes throughout the building. As a result, commercial boilers are widely installed in offices, warehouses, educational institutions, retail outlets, and hospitals to keep the space warm and comfortable.
Commercial Boiler Market Trends:
The escalating demand for space heating in commercial spaces represents the primary factor driving the market growth. Besides this, the rising adoption of energy-efficient solutions, coupled with the increasing investments for the development of green buildings to minimize carbon emissions, is augmenting the demand for commercial boilers. Additionally, governments of various countries are taking several favorable initiatives to install new commercial boilers and upgrade the existing ones. Along with this, the implementation of stringent environmental regulations is accelerating the product adoption rates as modern commercial boiler technologies offer greater efficiency and lower emission discharge. Furthermore, the leading manufacturers are making heavy investments in research and development (R&D) activities to launch innovative boiler systems with compact designs, enhanced efficiency, low carbon footprint, and easy installation. This, in turn, has shifted consumer preferences from conventional to commercial boilers across the globe. Other factors, including the expanding tourism infrastructure, rising construction of residential and commercial buildings, rapid industrialization, and technological advancements, are also expected to create a positive market outlook in the upcoming years.
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 2023-2028. Our report has categorized the market based on fuel type, technology, capacity and end user.
Breakup by Fuel Type:
Natural Gas
Oil
Coal
Others
Breakup by Technology:
Condensing
Non-Condensing
Breakup by Capacity:
Less Than 10 MMBtu/Hr
10-50 MMBtu/Hr
Others
Breakup by End User:
Offices
Hospitals
Educational Institutions
Lodging
Others
Breakup by Region:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).
Key Questions Answered in This Report
1. What was the size of the global commercial boiler market in 2022?
2. What is the expected growth rate of the global commercial boiler market during 2023-2028?
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$), 2017-2022
- Figure 3: Global: Commercial Boiler Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Commercial Boiler Market: Breakup by Fuel Type (in %), 2022
- Figure 5: Global: Commercial Boiler Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Commercial Boiler Market: Breakup by Capacity (in %), 2022
- Figure 7: Global: Commercial Boiler Market: Breakup by End User (in %), 2022
- Figure 8: Global: Commercial Boiler Market: Breakup by Region (in %), 2022
- Figure 9: Global: Commercial Boiler (Natural Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Commercial Boiler (Natural Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Commercial Boiler (Oil) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Commercial Boiler (Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Commercial Boiler (Coal) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Commercial Boiler (Coal) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Commercial Boiler (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Commercial Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Commercial Boiler (Condensing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Commercial Boiler (Condensing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Commercial Boiler (Non-Condensing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Commercial Boiler (Non-Condensing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Commercial Boiler (10-50 MMBtu/Hr) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Commercial Boiler (10-50 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Commercial Boiler (Other Capacities) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Commercial Boiler (Other Capacities) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Commercial Boiler (Offices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Commercial Boiler (Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Commercial Boiler (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Commercial Boiler (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Commercial Boiler (Educational Institutions) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Commercial Boiler (Educational Institutions) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Commercial Boiler (Lodging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Commercial Boiler (Lodging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Commercial Boiler (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Commercial Boiler (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: United States: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: United States: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Canada: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Canada: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Asia-Pacific: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Asia-Pacific: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: China: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: China: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Japan: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Japan: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: India: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: India: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: South Korea: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: South Korea: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Australia: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Australia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Indonesia: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Indonesia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Europe: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Europe: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Germany: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Germany: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: France: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: France: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: United Kingdom: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: United Kingdom: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Italy: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Italy: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Spain: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Spain: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Russia: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Russia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Latin America: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Latin America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Brazil: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Brazil: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Mexico: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Mexico: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Middle East and Africa: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Middle East and Africa: Commercial Boiler Market: Breakup by Country (in %), 2022
- Figure 85: Middle East and Africa: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Commercial Boiler Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
- Table 3: Global: Commercial Boiler Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Commercial Boiler Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
- Table 5: Global: Commercial Boiler Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Commercial Boiler Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Commercial Boiler Market: Competitive Structure
- Table 8: Global: Commercial Boiler Market: Key Players
