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Asia Pacific Low Temperature Commercial Boiler Market Trends

Report ID: GMI9783
Published Date: Jun 2024
Report Format: PDF

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Asia Pacific Low Temperature Commercial Boiler Market Trends

The shift from fossil fuels to decarbonized alternatives along with rapid adoption of clean energy technologies is poised to drive the business growth. Growing consumer preference for energy-efficient heating systems coupled with ongoing renovations of commercial buildings, will boost the industry dynamics. Strict government regulations aimed at reducing carbon emissions, in tandem with the increasing adoption of multiple units to enhance reliability, will shape the boiler market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for low temperature commercial boiler was reached USD 1.65 billion in 2023 and is expected to register 6.6% CAGR from 2024 to 2032, owing to the increasing government expenditure across the education sector coupled with substantial investments in the region.

Asia Pacific low temperature commercial boiler industry from the > 140°F - 160°F segment is expected to reach over USD 800 million by 2032 due to growing inclination toward upgrading current heating systems to comply with energy efficiency regulations and stringent building codes.

China low temperature commercial boiler industry is expected to surpass USD 1200 million by 2032 due to ongoing surge in commercial construction coupled with the expansion of the construction sector in the country.

Cleaver-Brooks, FERROLI S.p.A, Hoval, Hurst Boiler & Welding Co, Inc., Miura America Co., LTD., PARKER BOILER, Slant/Fin Corporation, The Fulton Companies, VIESSMANN, Vaillant Group, and Weil-McLain, are some of the major low temperature commercial boiler companies from Asia Pacific.