PUBLISHER: The Business Research Company | PRODUCT CODE: 1769965
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769965
A gas-fired boiler is a heating system that utilizes natural gas or propane as fuel to produce heat. It burns the gas within a combustion chamber, generating hot gases that flow through a heat exchanger to heat water or create steam. The resulting hot water or steam is then distributed through pipes to supply space heating or hot water.
The primary types of gas-fired boilers include electronic vibratory weigh fillers, pneumatic vibratory weigh fillers, mechanical vibratory weigh fillers, and customizable vibratory weigh fillers. Electronic vibratory weigh fillers use electronic control systems to ensure accurate material measurement and filling. The fuel options include natural gas, propane, biogas, and others, with different technology types such as non-condensing, condensing, and high-efficiency condensing systems. These boilers serve various applications, including residential, commercial, industrial, and others, and are utilized by different end users like manufacturers, packaging companies, contract fillers, distributors, and retailers.
The gas fired boiler market research report is one of a series of new reports from The Business Research Company that provides gas fired boiler market statistics, including the gas fired boiler industry global market size, regional shares, competitors with the gas fired boiler market share, detailed gas fired boiler market segments, market trends, and opportunities, and any further data you may need to thrive in the gas fired boiler industry. This gas fired boiler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The gas fired boiler market size has grown strongly in recent years. It will grow from $49.81 billion in 2024 to $53.74 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth during the historic period can be attributed to the increased availability and affordability of natural gas, stricter government regulations for low emissions, a heightened focus on energy-efficient technologies, the replacement of outdated boilers with modern gas-fired systems, and the rise in construction activities in both commercial and residential sectors.
The gas fired boiler market size is expected to see strong growth in the next few years. It will grow to $72.11 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth expected in the forecast period can be attributed to the growing adoption of renewable natural gas, increased investments in smart boiler technologies, rising demand for eco-friendly and low-emission heating systems, greater government incentives for clean energy solutions, and a stronger focus on reducing carbon emissions. Key trends anticipated during the forecast period include developments in smart boiler technologies, improvements in advanced energy-efficient designs, innovations in low NOx emission systems, the integration of IoT and automation, and progress in condensing boiler technology.
The increasing demand for energy-efficient solutions is expected to drive the growth of the gas-fired boiler market in the coming years. Energy-efficient solutions refer to technologies, systems, or practices that require less energy to perform the same tasks, resulting in lower energy consumption, reduced operating costs, and decreased environmental impact. The growth in energy-efficient solutions is being driven by heightened regulatory pressure on industries to reduce carbon emissions and meet climate targets. Gas-fired boilers support energy efficiency by offering fast, clean, and cost-effective heating with lower emissions than traditional fuel sources. For example, in March 2024, the Department for Energy Security and Net Zero, a UK-based government agency, reported that more than 2.7 million properties in Great Britain had installed over 4.1 million energy efficiency measures by the end of 2023, including 318,600 new measures added that year, marking a 49% increase from 2022. As a result, the rising demand for energy-efficient solutions is contributing to the expansion of the gas-fired boiler market.
Leading companies in the gas-fired boiler market are concentrating on the development of innovative products, such as gas-fired condensing boilers, to improve efficiency and reduce environmental impact. Gas-fired condensing boilers are high-efficiency heating systems that use natural gas as fuel and recover heat from exhaust gases through condensation, thereby maximizing energy usage and minimizing waste. For instance, in September 2023, Immergas S.p.A., an Italy-based gas boiler manufacturer, launched the newest generation of Victrix Tera V2 condensing boilers. This model enhances energy efficiency through optimized combustion technology, leading to lower fuel consumption and reduced emissions. The Victrix Tera V2 includes an upgraded stainless steel heat exchanger, which offers improved durability and heat transfer performance. Its advanced control system features a user-friendly digital interface, allowing users to customize settings and monitor boiler performance in real time.
In January 2023, Babcock Wanson SAS, a France-based boiler manufacturing company, acquired PBS Power Equipment for an undisclosed amount. This acquisition is intended to expand Babcock's presence in the European market by broadening its product range and enhancing service capabilities in the power equipment sector, thereby better meeting the evolving needs of customers across the region. PBS Power Equipment s.r.o. is a company based in the Czech Republic that specializes in designing, developing, and producing gas-fired and oil-fired boilers.
Major players in the gas fired boiler market are Alfa Laval AB, Lennox International Inc., Viessmann Group, Max Weishaupt GmbH, Baxi Heating UK Limited, Vaillant Group, Worcester Bosch Group, Weil-McLain, Wolf GmbH, U.S. Boiler Company LLC, Lochinvar LLC, Laars Heating Systems Company, Slant/Fin Corporation, Precision Boilers LLC, Bryant Heating And Cooling Systems, De Dietrich Thermique SAS, Henan Fangkuai Boiler Co. Ltd., Parker Boiler Company, Peerless Boilers, Utica Boilers, Thermo-Dynamics Boiler Company, and MHG Heiztechnik GmbH.
North America was the largest region in the gas fired boiler market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in gas fired boiler report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the gas fired boiler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gas fired boiler market consists of sales of atmospheric gas boilers, low nox gas boilers, cast iron gas boilers, package gas boilers, industrial gas boilers, commercial gas boilers and wall-mounted gas boilers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Gas Fired Boiler Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on gas fired boiler market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for gas fired boiler ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gas fired boiler market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.