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High Temperature Commercial Boiler Market Size

Report ID: GMI8052
Published Date: Feb 2024
Report Format: PDF

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High Temperature Commercial Boiler Market Size

High Temperature Commercial Boiler Market was valued at USD 6 billion in 2023 and is predicted to grow at a CAGR of 6.4% between 2024 and 2034. Increasing government spending across the healthcare industry along with extensive investments by the public & private players will energize the business scenario. The industry outlook will gain an appreciable growth owing to the expanding use of these units in space heating, equipment sterilization through autoclaves, and water heating applications.

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The paradigm shifts from fossil fuels to decarbonized alternatives along with the rapid adoption of clean energy technologies, is poised to accelerate business growth. The growth of the business is anticipated to be driven by the rising consumer preference for energy-efficient heating systems and the ongoing renovation of commercial buildings.

High Temperature Commercial Boiler Market Report Attributes
Report Attribute	Details
Base Year:	2023
High Temperature Commercial Boiler Market Size in 2023:	USD 6 Billion
Forecast Period:	2024 - 2034
Forecast Period 2024 - 2034 CAGR:	6.4%
2034 Value Projection:	USD 12.1 Billion
Historical Data for:	2019 - 2023
No. of Pages:	725
Tables, Charts & Figures:	1,650
Segments covered:	Temperature, Fuel, Application, Technology, Capacity
Growth Drivers:	Positive outlook toward the healthcare sector Surging demand for space heating in commercial facilities Implementation of stringent emission regulations Ongoing upgradation & replacement of existing boilers Robust development of green buildings
Pitfalls & Challenges:	High initial investment

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of high temperature commercial boiler was reached USD 6 billion in 2023 and is expected to register over 6.4% CAGR from 2024 to 2034, owing to the increasing government spending across the healthcare industry along with extensive investments by the public & private players worldwide.

The 180°F - 200°F temperature boilers segment in the high temperature commercial boiler industry is expected to register 6.6% CAGR through 2034, due to the increasing replacement of current heating systems to align with energy efficiency guidelines.

Asia Pacific high temperature commercial boiler market recorded USD 1.6 billion in 2023 and is expected to register a commendable CAGR from 2024 to 2034, due to the increased foreign investments in commercialization, and favorable government initiatives for manufacturing facilities in the region.

Atlantic Boilers, Babcock & Wilcox Enterprises, Inc., Bosch Industriekessel GmbH, Bradford White Corporation, BURNHAM COMMERCIAL BOILERS, Clayton Industries, Cleaver-Brooks, and Columbia Boiler Company are some of the major high temperature commercial boiler companies worldwide.