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Commercial Gas Boiler Market Trends

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

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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.

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.