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Commercial Boiler Market Trends

Report ID: GMI2809
Published Date: Jul 2024
Report Format: PDF

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Commercial Boiler Market Trends

The wide scale utilization of these units for water and space heating across commercial facilities including schools, universities, federal institutions, and airports, will positively sway the boiler market. Increasing government spending across the healthcare industry coupled with extensive investments by the public & private players will favor the business scenario. Increasing applicability of these units for autoclaves equipment sterilization, space heating, and water heating purposes will amplify the industry outlook.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Global commercial boiler industry was valued at USD 13.3 billion in 2023 and is anticipated to register 7.2% CAGR between 2024 and 2032 due to the increasing demand for space heating in commercial buildings and surging replacement of the existing heating units with energy-efficient boilers.

The hot water segment in the market will witness 7% CAGR through 2032, driven by green building practices and LEED certification requirements.

Europe commercial boiler market is set to surpass USD 10 billion by 2032 due to the increasing foreign investments in commercialization and favorable government initiatives.

A.O. Smith, AERCO, Ariston Holding, Atlantic Boilers, Babcock & Wilcox, Babcock Wanson, Bosch Industriekessel, Bradford White Corporation, BURNHAM COMMERCIAL BOILERS, Clayton Industries, and Cleaver-Brooks, among others.