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Commercial Hot Water Boiler Market Trends

Report ID: GMI5757
Published Date: Nov 2024
Report Format: PDF

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Commercial Hot Water Boiler Market Trends

The widespread adoption of these units in commercial establishments such as assemblies, hotels, offices, schools, institutions, retail centers, and healthcare facilities will enhance the business landscape. The growing tourism sector coupled with strong development in hotels and resorts will drive the adoption of these products. Stringent government regulations on building emissions along with rising consumer spending power will enhance the business outlook. Additionally, changing climate conditions particularly in colder regions along with increasing efforts to regulate indoor temperatures will fuel the business growth.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial hot water boiler reached USD 11.4 billion in 2024 and is set to grow at a CAGR of 8.3% from 2025 to 2034, driven by increased government spending and investments in the healthcare sector.

The condensing commercial hot water boiler segment is projected to expand at a CAGR of over 11% through 2034, led by its benefits such as reduced environmental impact, high efficiency, and lower heating costs.

The U.S. market is set to reach over USD 2.5 billion by 2034, propelled by severe winter temperatures, rising construction expenditures, and stringent emission control regulations.

Cleaver-Brooks, VIESSMANN, FERROLI S.p.A, Bosch Thermal Solutions, Columbia Boiler Company, PARKER BOILER, Slant/Fin Corporation, P.M. Lattner Manufacturing Co., Precision Boilers, Remeha, Energy Kinetics, The Fulton Companies, MESTEK, Hurst Boiler & Welding Co.