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Commercial Steam Boiler Market Trends

Report ID: GMI9363
Published Date: May 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial steam boiler reached USD 4.2 billion in 2023 and is set to witness 7.4% CAGR through 2032, owing to the iincreasing demand for space heating.

Office commercial steam boiler segment size will witness over 7% CAGR from 2024 to 2032, driven by the rising urbanization rate along with the implementation of strict emission regulations for advanced heating systems.

Europe market will surpass USD 3.5 billion by 2032, attributed to the continuous influx of projects in healthcare facilities in line with ongoing government schemes for large-scale commercial developments and favorable regulations.

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, and Precision Boilers among others.