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The 180°F - 200°F high temperature commercial boiler market will reach over USD 950 million by 2032. Aging boiler systems in facilities often require replacement or retrofitting to improve efficiency and comply with modern regulations which in turn will fuel the product penetration. The surging requirements of higher temperature systems along with growing preference of centralized heating. Increasing applicability across various applications across retail stores, offices, nursing homes, schools, and other commercial establishments will propel the business potential.
The natural gas fired boiler market will grow at a rate of over 7% through 2032. The demand for these units is notably high in countries where governments have enforced stringent regulations to diminish reliance on coal fuel. Furthermore, as governments increasingly prioritize reducing carbon footprints and conserving energy, this will positively impact the penetration of the product.
France boiler market is anticipated to exceed USD 800 million by 2032. The increasing investing in renewable energy sources along with shifting transition to a low-carbon economy will escalate the industry outlook. The product presents significant benefits including reduced performance, elevated operational, and maintenance expenses, which contribute to its dominance in the industry. The thriving tourism sector, coupled with the rapid growth of hotels and resorts, will drive the widespread adoption of commercial boilers across various application areas.