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Europe Commercial Boiler Market Trends

Report ID: GMI6917
Published Date: Oct 2023
Report Format: PDF

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Europe Commercial Boiler Market Trends

The commercial boiler industry has experienced significant growth primarily attributed to increased investments in infrastructure development. This growth has been facilitated by a collaborative effort between private companies and various levels of government in different countries, all working towards the expansion and improvement of commercial centers. Additionally, the increasing need for space heating in commercial establishments has further boosted the demand for these products, solidifying the industry's positive trajectory.

The demand for intelligent space heating systems has risen in response to extreme climatic conditions in specific areas. Furthermore, the escalating emphasis on energy efficiency has driven the adoption of more efficient boiler technologies. The industry is poised for further expansion due to heightened consumer awareness and environmental considerations, bolstered by regulatory reforms that promote the installation of dependable and energy-efficient heating systems.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial boiler in Europe was worth USD 5.6 billion in 2023 and is estimated to surpass USD 10.9 billion by 2032.

The hot water boiler segment is set to record over 7.7% CAGR from 2023 to 2032, owing to the increasing utilization of affordable and effective systems to fulfill water heating and storage requirements in the commercial sector.

The UK commercial boiler market surpassed USD 983 million in 2022 and is expected to grow through 2032, as the thriving commercial sector is keeping pace with the rapid growth of educational institutions in the region.

Babcock & Wilcox Enterprises, Inc., Hurst Boiler & Welding Co, Inc., Cleaver-Brooks, VIESSMANN, FONDITAL S.p.A., Bradford White Corporation, PARKER BOILER, Slant/Fin Corporation, A.O. Smith, Ariston Holding N.V., Vaillant Group, Clayton Industries, The Fulton Companies, and Babcock Wanson.