The market valuation of the gas fired boiler was reached USD 53.1 billion in 2023 and is estimated to expand at 7.9% CAGR during 2024 to 2032, explains GMI report.
Condensing gas-fired boiler industry share of over 55% in 2022 due to the introduction of government standards toward limiting carbon emissions from industrial & commercial premises.
Residential gas-fired boiler sector crossed a valuation of USD 35 billion in 2022 owing to the increasing demand for energy-efficient heating systems and the rising emphasis on energy conservation.
Babcock & Wilcox Enterprises, The Fulton Companies, Forbes Marshall, Rentech Boilers, Miura America, Viessmann, Groupe Atlantic, WM Technologies, BURNHAM COMMERCIAL BOILERS, Bradford White Corporation, A.O. Smith, BDR Thermea Group, Ariston Holding N.V., and Vaillant Group.