Commercial Boiler Market Revenue and Increasing Opportunity Towards 2029 | Analysis & Forecast Report by FMI

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Commercial Boiler Market: Overview

Commercial boiler is considered as a pressurized system that uses combustible fuel as the burning medium and generates heat to provide heating for residential and commercial, buildings. A Commercial boiler is made by key five key accessories name as burner, combustion chamber, heat exchanger, controls, and exhaust stack, among others. These accessories play a crucial role to the properoperation of commercial boiler. However, due to efficiently working of commercial boiler, regional government has mandated some regulations such as The Code of Federal Regulations (CFR), IBR (India Boiler Regulation) to install safety accessories in the commercial boilers.

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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 supporting to use natural gas fired combustion boilers. However, some of the countries such as Chine, Finland, among other are also leaning to use electricity as burning fuel for commercial boilers.

The global commercial boiler market is expected to be a fragmented market type owing to presence of numerous active player in across the globe. However, small scale players are increasing sales facility through business expansion strategy in order to make a significant foothold in across the world as well as also make a salient brand image in the competitive commercial boiler market.

Commercial Boiler Market: Dynamics

Increasing number of commercial and residential buildings coupled with increasing safety regulations of heating equipment is estimated to spike the sales of commercial boiler market over the forecast period. Moreover, most of the commercial boiler manufacturer are installing safety relief valves in existing and new producing commercial boiler to release the exceed pressure and increase the performance & efficiency, is also one of the prominent driver in the global commercial boiler market.

High cost requirement for regular cleaning and maintenance is one of most crucial factor which is expected to suppress the overall sells of commercial boiler market over the forecast period.

Leading manufacturer of commercial boiler are focused to make compact design, and energy efficient accessories for commercial boilers. Moreover, manufacturer are also making industrial boiler under government regulations. This has become supply side trend and this trend is projected to continue in the global commercial boiler market over the forecast period.

Commercial Boiler Market: Segmentation

By Boiler Type, Commercial Boiler Market can be segmented as:

  • Gas Atmospheric
  • Gas Premix (Fan Assisted)
  • Gas Pressure Jet
  • Oil Pressure Jet
  • Boiler Without Burner
  • Others

By Fuel Type, Commercial Boiler Market can be segmented as:

  • Gas
  • Oil
  • Solid Fuel
  • Electrical
  • Others

By End User sector, Commercial Boiler Market can be segmented as:

  • Residential New Build
  • Residential Refurbishment & Replacement
  • Commercial New Building
  • Commercial Refurbishment & replacement

By Capacity, Commercial Boiler Market can be segmented as:

  • Less than 10 MMBtu/hr
  • 10-50 MMBtu/hr
  • 50-100 MMBtu/hr
  • 100-250 MMBtu/hr
  • More than 250 MMBtu/hr

Commercial Boiler Market: Regional Outlook

North America is expected to gain significant traction in the global commercial boiler market owing to rising demand mainly form cold countries such as Canada, U.S., etc. Europe is projected to account healthy value share in global commercial boiler market owing to increasing new commercial and residential buildings which required heat to live safe and luxurious life. However, Nordic and CIS countries are also radiating sizable potential for commercial boiler market. Asia Pacific and Middle East Africa regions are estimated to grow with moderate growth rate in the global commercial boiler market owing to in these countries mainly water heater is using in residential and commercial purpose.

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Commercial Boiler Market: Key Participants

Some of the market participants in the Commercial Boiler market identified across the value chain:

  • Weil-McLain
  • Superior Boiler Works, Inc.
  • Hamworthy Heating
  • Burnham Commercial
  • ZOZEN bolier Co., Ltd.
  • Superior Boiler Works, Inc.
  • Indtex Boiler Pvt. Ltd.
  • Fangkuai Boiler Industry
  • China Boiler Co., Ltd.
  • Oklahoma Boiler Equipment