Commercial Steam Boiler Market Size - By Capacity, By Fuel (Natural Gas, Oil, Coal, Electric), By Technology (Condensing, Non-Condensing), By Application & Forecast, 2024 – 2032

Commercial Steam Boiler Market Size

Commercial Steam Boiler Market size was valued at USD 4.2 billion in 2023 and is estimated to grow at a CAGR of 7.4% between 2024 and 2032. Government focus toward facilitating basic healthcare services will result in construction of new healthcare facilities in rural areas, which in turn will offer significant opportunities for industry expansion. For instance, as per the European Commission, in 2023, more than half of the European Union’s building infrastructure lack energy-efficient systems.
 

A commercial steam boiler is a device used to generate steam for various commercial processes. It's typically used in settings comprising of hospitals, hotels, factories, and laundries, among others. These boilers operate by heating water to produce steam, which is then distributed through pipes to different areas where it's needed for heating, cleaning, cooking, or other processes. These systems come in various sizes and configurations depending on the specific application and the amount of steam required.
 

Commercial Steam Boiler Market Trends

The increasing emphasis on mitigating the consequences of greenhouse gas emissions is driving up the demand for energy-efficient steam boilers. For instance, the Environmental Protection Agency has implemented National Emission Standards for Hazardous Air Pollutants to reduce emissions from boilers. Furthermore, substantial investments from both public and private sectors in the healthcare industry coupled with the thriving pharmaceutical sector will accelerate the commercial boiler market.
 

Commercial Steam Boiler Market Analysis

The > 2.5 - 10 MMBtu/hr segment will exceed over USD 1 billion by 2032. Continuing government mandates aimed at reducing carbon emissions combined with growing efforts to optimize energy usage will shape the business landscape. Reduced energy expenses, enhanced comfort, and lower operational costs are key factors driving the adoption of these units. Additionally, both government and private educational authorities are increasingly focused on providing space heating facilities in universities and training centers, which in turn will boost the product demand.
 

The office commercial steam boiler market size is projected to expand at 7% CAGR through 2032. The rising urbanization rate along with the implementation of strict emission regulations for advanced heating systems will have a positive effect on the business environment. Continuous investments by publicly traded companies & private entities to expand their facilities will drive the deployment of these products. Furthermore, substantial investments in the retail sector coupled with the ongoing replacement of traditional boilers will amplify the business outlook.
 

The Europe commercial steam boiler market is set to surpass USD 3.5 billion by 2032. The continuous influx of projects in healthcare facilities in line with ongoing government schemes for large-scale commercial developments and favorable regulations will boost the business dynamics. Additionally, the strong emphasis on decarbonization along with the increasing consumer inclination toward the adoption of clean energy technologies will enhances the industry's potential.
 

U.S. commercial steam boiler industry will witness an upsurge owing to introduction of a national energy policy and flourishing tourism sector. Stringent environmental regulations coupled with growing focus on energy efficiency will positively impact the industry landscape. The rising space heating demand in line with introduction of various government initiatives for the development of new commercial establishments will energize the business dynamics.
 

Commercial Steam Boiler Market Share

Cleaver-Brooks offers a wide range of boiler products catering to various industrial and commercial applications. Its product line includes firetube boilers, water tube boilers, electric boilers, condensing boilers, and heat recovery steam generators (HRSGs). These boilers are designed to provide high efficiency, reliability, and low emissions. The company invest heavily in research and development to improve energy efficiency, reduce emissions, and enhance overall boiler performance.
 

Commercial Steam Boiler Market Companies

The key industry players include:

• Babcock Wanson
• Burnham Commercial
• Cleaver-Brooks
• Columbia Boiler Company
• Fulton Boiler Works
• Hurst Boiler & Welding Co., Inc.
• Johnston Boiler Company
• Laars Heating Systems Company
• Lochinvar Corporation
• Parker Boiler Company
• Precision Boilers
• Raypak, Inc.
• Sellers Manufacturing
• Smith Hughes Company
• Superior Boiler
• Vapor Power International
• Weil-McLain
• York-Shipley Global
   

Commercial Steam Boiler Industry News

• In February 2023, Weil-McLain unveiled its 2023 Department of Energy compliant commercial product portfolio, featuring enhanced boiler efficiencies. It features the upgraded LGB Steam Series 3 and 88 Water Series 3 boiler products, boast new features that surpass regulatory requirements, setting new standards for performance, reliability, and service life in the industry.
   
• In January 2023, Babcock Wanson introduced the FM Pack range of Steam Water Tube Boilers. Engineered for applications requiring high pressure steam these boilers ensure high-quality steam production, ranging from dry saturated to high-temperature superheated. With a heat exchanger design enabling very high operating pressures, Babcock Wanson prioritizes efficiency, durability, and longevity in these boilers. The pressurized casing maintains flue gas outlet temperature, reducing corrosion risk, while complete separation between tubes and casing and minimal refractory components enhances maintenance accessibility.
   

The commercial steam boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD Million” from 2021 to 2032, for the following segments:

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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 Fuel

• Natural Gas
• Oil
• Coal
• Electric
• Others

Market, By Technology

• Condensing
• Non-Condensing

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