Commercial Gas Boiler Market Size - By Technology (Condensing, Non Condensing), By Product (Hot Water, Steam), Application (Offices, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores), Capacity & Forecast, 2024 – 2034

Commercial Gas Boiler Market Size

Commercial Gas Boiler Market was valued at USD 6.1 billion in 2023 and is predicted to witness 6.4% CAGR between 2024 and 2034, propelled by the growing need for space heating solutions and ongoing measures toward the decarbonization of the commercial sector. For instance, the investment across the real estate sector surpassed USD 100 trillion in the year 2023.
 

Increasing awareness of environmental concerns along with stringent government regulations pertaining to carbon emissions will drive the commercial gas boiler market. The shift from fossil fuels to decarbonized alternatives in line with the increasing adoption of clean energy technologies, is expected to drive substantial business growth. Increasing consumer inclination toward the adoption of energy efficient heating systems along with ongoing refurbishment of commercial buildings will drive the business growth.
 

COVID– 19 Impact

The continuous impact of the COVID-19 pandemic has taken a toll on the global economy. The widespread enforcement of extensive lockdowns has resulted in the shutdown of numerous businesses and infrastructure projects. Social distancing protocols and diminished business activities have imposed financial challenges on commercial enterprises, causing a decline in the utilization of various spaces. Sectors such as retail stores, restaurants, bars, and public assembly areas have been severely affected by these lockdown measures, prompting a delay in investments for building upgrades and renovations.
 

Commercial Gas Boiler Market Trends

The business is poised for growth owing to increased investments in infrastructure and a thriving real estate sector. Furthermore, the industry will be propelled by a shift towards developing green buildings and the flourishing commercial sector. Government regulations aimed at reducing carbon emissions, coupled with the rising adoption of multiple boilers for enhanced reliability, will contribute to the industry's momentum. The product's advantages, such as quick and cost-effective installation and high efficiency, are set to further boost the industry's potential.
 

Commercial Gas Boiler Market Analysis

The condensing commercial boiler industry size will witness a growth rate of 8.8% through 2034. shifting government focus toward the reduction of carbon footprints and energy conservation will positively influencing the product penetration. Integration with smart technologies, digital controls, and remote monitoring capabilities enhances the appeal of these heating systems.
 

The commercial hot water boiler market held approximately 65% of the market share in 2023. Expansion of commercial infrastructure, including hotels, hospitals, educational institutions, and offices, will positively sway the industry potential. Flourishing tourism sector along with robust development of hotels and resorts will boost the adoption of these boilers. For instance, the transaction value of inbound tourism surpassed USD 30 billion last year across France. 
 

The > 10 - 50 MMBtu/hr gas boiler industry is set to surpass USD 3 billion by 2034. These capacity boilers will witness a significant growth on account of the growing preference of centralized heating and cooling in large scale commercial buildings including warehouses, hospitals, and malls. The positive outlook for the service sector across several countries has resulted in growing investments toward new constructions which in turn will favor the industry scenario.
 

Based on application, the market is segmented as offices, healthcare facilities, educational institutions, lodgings, retail stores and others. Healthcare facilities including sterilization, cleaning, and providing hot water for patient care, which in turn will offer significant opportunities for business expansion. The federal spending toward the upgrading of existing facilities along with state & private investments in the construction of new institutions will energize the commercial gas boiler market dynamics.
 

• The Europe boiler industry was worth over USD 2.8 billion in 2023. The increasing adoption of energy-efficient boilers as replacements for existing heating units, coupled with strict government regulations on carbon emissions, has been demonstrated to significantly drive market demand for these boilers.
   
• Extreme climatic conditions along with along with introduction of favorable government schemes and rebates to increase the adoption of clean technologies will augment the business landscape. Increasing applicability of these units for providing steam across the commercial establishments along with ongoing consumer shift toward the adoption of efficient heating systems will foster the business growth.
   

Commercial Gas Boiler Market Share

The major players in the industry are focusing on marketing strategies, technological advancements, enhancing brand visibility, and attaining economies of scale to navigate the competitive landscape effectively. Their priority is in creating smart heater designs by incorporating advanced technological features and ergonomic capabilities into boilers.
 

Ferroli is an Italian manufacturer of heating appliances and boilers. They specialize in the production of a wide range of heating and air conditioning products, including boilers for residential and commercial applications. It is known for their reliability, energy efficiency, and innovative features.
 

Commercial Gas Boiler Market Companies

The key market players operating across the industry include:

• Babcock & Wilcox Enterprises, Inc.
• Hurst Boiler & Welding Co, Inc.
• Cleaver-Brooks
• Hoval
• VIESSMANN
• Nova Florida
• FERROLI S.p.A
• Atlantic Boilers
• Bosch Industriekessel GmbH
• Weil-McLain
• BURNHAM COMMERCIAL BOILERS
• PB HEAT, LLC.
• PARKER BOILER
• Slant/Fin Corporation
• Precision Boilers
• Clayton Industries
• Miura America Co., LTD.
• NTI Boilers
• WOLF
• Vaillant Group
• Ariston Holding N.V.
• Energy Kinetics
   

Commercial gas boiler Industry News

• In January 2024, Viessmann Climate Solutions announced that they are now acquired by Carrier Global Corporation. This strategic move enhances Carrier's position by incorporating a distinguished brand a leading provider of efficient and renewable climate solutions. The addition of Viessmann Climate Solutions strengthens Carrier's position in the Residential and Light Commercial sector in Europe. This acquisition aligns with Carrier's commitment to innovation, sustainability, and global HVAC leadership.
   
• In May 2023, Weil-McLain introduced their new commercial cast iron boiler efficiencies. Weil-McLain leads the industry by offering a complete department of energy compliant portfolio to the market, contributing to low fuel consumption and operating costs. The boiler is ideal for light commercial applications. The boiler includes bases and draft burners for quick and easy installation and some new features.
   

This commercial gas boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2019 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Capacity

• ≤ 0.3 - 2.5 MMBtu/hr
• > 2.5 - 10 MMBtu/hr
• > 10 - 50 MMBtu/hr
• > 50 - 100 MMBtu/hr
• > 100 - 250 MMBtu/hr

Market, By Technology

• Condensing
• Non-Condensing

Market, By Product

• Hot Water
• Steam

Market, By Application

• Offices
• Healthcare Facilities
• Educational Institutions
• Lodgings
• Retail Stores
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Austria
  • Germany
  • Sweden
  • Russia
• Asia Pacific
  • China
  • India
  • Philippines
  • Japan
  • South Korea
  • Australia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Nigeria
  • South Africa
• Latin America
  • Argentina
  • Chile
  • Brazil