Gas Fired Boiler Market Size – By Capacity, By Technology, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

Gas Fired Boiler Market Size

The global gas fired boiler market was valued at USD 59.8 billion in 2024 and is estimated to grow at a CAGR of 6.8% from 2025 to 2034, owing to the rising global infrastructure investments and increasing demand for space heating. Extreme climatic conditions are set to heighten demand for hot water systems with advanced, smart heating technologies, boosting the industry potential. Additionally, rising focus toward energy efficiency and carbon reduction in developed economies will further encourage the adoption of these boilers.
 

A gas boiler is a heating device that burns natural gas or propane to produce heat, which is used to generate hot water or steam for heating and industrial applications. The boiler heats water that is then circulated through radiators or a heating distribution system to provide warmth or hot water. The strong adoption of energy-efficient space and water heating solutions, along with the replacement of outdated heating systems, is anticipated to further boost the industry landscape.
 

Gas Fired Boiler Market Trends

Increasing urbanization & infrastructure investments along with priority toward adoption of sustainable and cost-effective heating solutions will boost the adoption of these boilers. Strict government regulations along with focus on reduction in carbon emissions are propelling the shift toward clean heating systems, which offer lower emissions compared to its available counterparts. Additionally, advancements in smart technology integration including remote monitoring and enhanced temperature control, are enhancing the appeal of gas-fired boilers by improving energy efficiency and system responsiveness.
 

Gas Fired Boiler Market Analysis

The ≤ 10 MMBtu/hr gas fired boiler industry will exceed USD 90 billion by 2034. Rising consumer awareness about environmental impact coupled with stricter regulations promoting the use of efficient & reliable heating systems is set to foster the industry growth. The robust expansion of industrial sector in developing economies along with a positive outlook for manufacturing facilities will escalate the product deployment. A shift toward energy-efficient technologies, supported by government incentives and funding, will further accelerate the business scenario.
 

The commercial gas fired boiler market size will witness more than 7% CAGR through 2034. The growing demand for energy-efficient heating systems in line with the increasing focus on energy conservation are set to enhance business opportunities. The industry will gain an appreciable momentum owing to the surging requirements for space heating in cold climates and the increasing preference for environmentally friendly buildings. Additionally, the increasing substitution of outdated heating units and implementation of government regulation encouraging the adoption of efficient boilers will strengthen the industry outlook.
 

U.S. gas fired boiler market is set to reach over USD 3 billion by 2034. Ongoing measures to support energy conservation and the shift toward cleaner fuels will boost the demand for these systems. The industry is set to grow significantly owing to a sharp rise in gas consumption along with the competitive pricing and the shale gas boom. Moreover, government regulations promoting the adoption of energy-efficient appliances along with regulatory incentives aimed at reducing greenhouse gas emissions will positively sway the industry growth.
 

The Europe boiler market will witness a substantial rise fueled by economic growth within the European Union and the enforcement of regulations focused on emission reduction and energy conservation. The growing trend of nuclear families, coupled with continued investments in expanding gas infrastructure, will further enhance the market outlook for gas-fired boilers. Additionally, the push for decarbonization coupled with regulations including the EU’s Green Deal and various national initiatives, has encouraged the adoption of low-emission technologies, stimulating the business potential.
 

Gas Fired Boiler Market Share

The gas-fired boiler industry is highly competitive with both established industry leaders and new entrants striving to secure market share in an evolving landscape. Key players are focusing on technological advancements, developing high-efficiency, low-emission boilers that offer greater operational flexibility and reliability. The growth is driven by increasing demand for energy-efficient & environmentally friendly heating solutions alongside stricter emissions regulations and the rising need for cost-effective alternatives various heating applications.
 

Gas Fired Boiler Market Companies

Major players operating in the gas fired boiler industry are:

• A.O. Smith
• Ariston Holding
• Babcock & Wilcox Enterprises
• BDR Thermea Group
• Bosch Industriekessel
• Bradford White Corporation
• Burnham Commercial Boilers
• Carrier
• Daikin
• Ferroli
• Forbes Marshall
• Groupe Atlantic
• Hurst Boiler & Welding Co
• Lochinvar
• Miura America
• Rentech Boilers
• The Fulton Companies
• Vaillant Group
• Viessmann
• WM Technologies
   

Gas Fired Boiler Industry News

• In July 2024, Bradford White Corp. announced the acquisition of Heat-flo, a specializing water-heating solutions for commercial, residential, and industrial applications. This acquisition expands Bradford White’s portfolio to include comprehensive selections of indirect water-heating solutions. The move underscores Bradford White’s commitment to innovation and dedication to meeting customers evolving needs by delivering enhanced quality and performance across its product lines.
   
• In August 2024, Babcock & Wilcox (B&W) opened a 25,000-square-foot regional Service Center in Batangas Province, Philippines, aimed at strengthening support for boiler customers in the region. The facility offers a comprehensive suite of services, including boiler pressure part fabrication, critical parts rebuilding, and preventative maintenance for thermal power and industrial clients across Southeast Asia. With an in-stock inventory of boiler parts and advanced fabrication capabilities like tube bending, the center ensures efficient supply, installation, and commissioning. This expansion solidifies B&W’s presence in the boiler services market in the region.
   

This gas fired boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) & revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Capacity

• ≤ 10 MMBtu/hr
• > 10 - 50 MMBtu/hr
• > 50 - 100 MMBtu/hr
• > 100 - 250 MMBtu/hr
• > 250 MMBtu/hr

Market, By Technology

• Condensing
• Non-Condensing

Market, By Application

• Residential
• Commercial
  • Offices
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others
• Industrial
  • Food Processing
  • Pulp & Paper
  • Chemical
  • Refinery
  • Primary Metal
  • Others

The above information has been provided for the following regions and countries:

• 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