Commercial Boiler Global Market Report 2026

Commercial boilers are pressurized systems designed to provide steam and hot water to buildings, utilizing electricity or burning combustible fuel. These boilers contribute to the comfort and safety of commercial buildings while minimizing energy wastage. Typically ranging from 30 to 150 kW, commercial boilers play a crucial role in heating systems.

In the commercial boiler market, two main types are prevalent including fire tube and water tube boilers. Fire tube boilers have the hot gas or fire inside the tubes, with water surrounding these tubes. They are known for their ease of installation and operation. Commercial boilers can utilize various fuels, including natural gas, oil, coal, and others, and they incorporate technologies such as condensing and non-condensing. Commercial boilers find applications in a variety of settings, including offices, warehouses, retail stores, educational institutions, lodging facilities, public assembly buildings, and healthcare facilities. Their versatility makes them a key component in maintaining optimal conditions within commercial spaces.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the commercial boiler market by increasing costs of imported heat exchangers, burners, control systems, steel pressure vessels, and insulation materials. Commercial buildings and institutional facilities in Europe and North America are most impacted due to reliance on imported high-efficiency boiler components, while emerging markets face higher installation costs. These tariffs are contributing to increased project budgets and slower boiler upgrade cycles. At the same time, they are encouraging domestic boiler manufacturing, local sourcing of components, and innovation in compact, energy-efficient boiler technologies tailored for regional markets.

The commercial boiler market research report is one of a series of new reports from The Business Research Company that provides commercial boiler market statistics, including commercial boilers industry global market size, regional shares, competitors with a commercial boiler market share, detailed commercial boiler market segments, market trends and opportunities, and any further data you may need to thrive in the commercial boilers industry. This commercial boiler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The commercial boiler market size has grown strongly in recent years. It will grow from $4.08 billion in 2025 to $4.28 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to expansion of commercial infrastructure development, growth in urban office buildings, increasing replacement of aging boiler systems, rising focus on energy efficiency regulations, availability of advanced heating technologies.

The commercial boiler market size is expected to see steady growth in the next few years. It will grow to $5.15 billion in 2030 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing investments in green building projects, rising adoption of low-emission heating systems, expansion of smart building management systems, growing demand for hybrid heating solutions, increasing retrofitting activities. Major trends in the forecast period include increasing adoption of condensing boiler systems, rising demand for energy-efficient heating solutions, growing integration of smart boiler controls, expansion of modular boiler installations, enhanced focus on emission reduction.

The increasing construction of commercial buildings and the rising demand for safety equipment are expected to drive the growth of the commercial boiler market. Commercial buildings, including offices, retail stores, warehouses, and hospitals, are expanding due to factors such as economic development, rapid urbanization, and industrial growth. A commercial boiler is a pressurized system that uses electricity or fuel to heat water or provide heating for commercial facilities. These boilers ensure safety and comfort in buildings while minimizing energy wastage, making them a cost-effective choice for commercial applications. The growth in commercial infrastructure and the need for enhanced safety systems are generating demand for commercial boilers, which are critical for heat and steam applications. For example, in February 2025, the Alan Boswell Group reported that average commercial property rent in England and Wales is projected to rise from £94 ($120) per square foot in 2024 to £112 ($143) per square foot by 2034, with offices being the priciest at £183 ($234) per square foot. East London recorded the highest vacancy rate at 14.8% in Q2 2024, while planning permission approvals remained strong at 87% in H1 2024. Consequently, the growth of commercial buildings and the increasing requirement for safety equipment are driving the commercial boiler market.

Companies in the commercial boiler market are focusing on developing hydrogen-ready combined heat and power (CHP) plants to improve energy efficiency and support the transition to low-carbon energy solutions. A hydrogen-ready CHP plant is designed to efficiently generate both electricity and usable heat while integrating hydrogen as a fuel source. For instance, in July 2024, Essar Oil (UK) Limited launched EET Hydrogen Power, Europe's first hydrogen-ready CHP plant, at its Stanlow refinery. This project supports EET Fuels' goal to become the lowest-carbon process refinery globally and EET Hydrogen's ambition to be a leading low-carbon hydrogen producer in the UK. The facility will supply low-carbon power to regional industrial users to help meet decarbonization targets. EET Hydrogen Power is being developed in two phases to achieve a capacity of 125 MW of power with 6,000 tonnes per day of steam, with hydrogen replacing hydrocarbons, reducing carbon dioxide emissions by 740,000 tonnes per year.

In May 2024, Miura Co., Ltd., a Japan-based boiler manufacturer, acquired Cleaver-Brooks for an undisclosed amount. This acquisition aims to strengthen Miura's commercial boiler capabilities by expanding its presence in the North American market, broadening product and service offerings across the boiler-system value chain, and enhancing its global footprint in industrial and commercial boiler markets. Cleaver-Brooks is a US-based manufacturer of both commercial and industrial boilers.

Major companies operating in the commercial boiler market are AO Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Siemens Energy AG, Asea Brown Boveri, Babcock & Wilcox Enterprises Inc., Harbin Electric Co. Ltd., Hurst Boiler & Welding Company Inc., Miura Co. Ltd., Thermax Limited, Zhengzhou Boiler (Group) Co. Ltd., Parker Boiler, Superior Boiler Works Inc., Vaillant Group, Weil-McLain, Slant Fin Corporation, Pelco Products Inc., Lochinvar LLC, Burnham Commercial, Raypak Inc., Mestek Inc., Laars Heating Systems Company, Columbia Boiler Company, Victory Energy Operations LLC, UNILUX

North America was the largest region in the commercial boiler market in 2025. The regions covered in the commercial boiler market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the commercial boiler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The commercial boiler market consists of sales of commercial electric boilers, vertical boilers, and condensing 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 that 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.

Commercial Boiler Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses commercial 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.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for commercial boiler ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The commercial 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Boiler Type: Fire Tube Boilers; Low-Capacity Water Tube Boilers
• 2) By Fuel Type: Natural Gas; Oil; Biomass; Electric; Other Fuel Types
• 3) By Technology: Condensing; Non-Condensing
• 4) By Application: Offices; Warehouse And Storage Facilities; Retail Stores; Educational Institutions; Lodgings; Public Assembly Buildings; Healthcare Facilities
• Subsegments:
• 1) By Fire Tube Boilers: Standard Fire Tube Boilers; Condensing Fire Tube Boilers; Packaged Fire Tube Boilers
• 2) By Low-Capacity Water Tube Boilers: Standard Low-Pressure Water Tube Boilers; Modular Water Tube Boilers
• Companies Mentioned: AO Smith Corporation; Bosch Thermotechnology; Cochran Limited; Cleaver-Brooks; Fulton Boiler Company; Siemens Energy AG; Asea Brown Boveri; Babcock & Wilcox Enterprises Inc.; Harbin Electric Co. Ltd.; Hurst Boiler & Welding Company Inc.; Miura Co. Ltd.; Thermax Limited; Zhengzhou Boiler (Group) Co. Ltd.; Parker Boiler; Superior Boiler Works Inc.; Vaillant Group; Weil-McLain; Slant Fin Corporation; Pelco Products Inc.; Lochinvar LLC; Burnham Commercial; Raypak Inc.; Mestek Inc.; Laars Heating Systems Company; Columbia Boiler Company; Victory Energy Operations LLC; UNILUX
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.