Home > Energy & Power > Electrical Equipment > Boilers > Commercial Gas Boiler Market

Commercial Gas Boiler Market Size

Report ID: GMI7804
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

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.

To get key market trends

Download Free Sample

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.

Commercial Gas Boiler Market Report Attributes
Report Attribute	Details
Base Year:	2023
Commercial Gas Boiler Market Size in 2023:	USD 6.1 Billion
Forecast Period:	2024 to 2034
Forecast Period 2024 to 2034 CAGR:	6.4%
2034 Value Projection:	USD 12.2 Billion
Historical Data for:	2019 to 2023
No. of Pages:	525
Tables, Charts & Figures:	1,509
Segments covered:	Capacity, Technology, Product, Application
Growth Drivers:	Ongoing measures toward the decarbonization of the commercial sector Increasing demand for space heating in commercial buildings Positive outlook toward the healthcare sector Stringent government regulations pertaining to carbon emissions. Surging replacement of the existing heating units with energy-efficient boilers
Pitfalls & Challenges:	High initial investment

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial gas boiler was worth USD 6.1 billion in 2023 and is expected to register over 6.4% CAGR from 2024 to 2034, owing to the growing need for space heating solutions and the ongoing measures toward the decarbonization of the commercial sector worldwide.

Condensing commercial gas boiler industry is expected to register 8.8% CAGR from 2024-2034 owing to the shifting government focus toward the reduction of carbon footprints and energy conservation.

Europe commercial gas boiler industry recorded USD 2.8 billion in 2023 and is expected to register commendable CAGR from 2024-2034 due to the increasing adoption of energy-efficient boilers as replacements for existing heating units in the region.

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, and PB HEAT, LLC. are some of the major commercial gas boiler companies worldwide.