North America Commercial Hot Water Boiler Market Analysis

North America Commercial Hot Water Boiler Market Analysis

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Based on technology, the condensing boilers will witness 9.9% growth rate from 2023 to 2032. These boilers are proven to be more energy efficient and relatively easier to replace, when compared to the others. Commercial consumers often choose to replace or retrofit them with condensing boilers that fosters the opportunities for the commercial hot water boiler market.
 

Based on fuel, the electric boiler holds a market share of over 10% in 2022. The rising concerns toward the environment has been an influential factor for the demand in these boilers. Stringent government policies and ongoing technological advancements have improved the performance and reliability of commercial boilers.
 

Based on application, the healthcare application is set to surpass USD 800 million by 2032. Increasing applicability to produce steam, sterilization of medical equipment, heating water for laundry, and providing steam for humidification systems will foster the North America commercial hot water boiler market potential. These facilities require space heating to maintain comfortable temperatures for patients and staff, especially in colder climates, which in turn will drive the industry outlook.
 

  

• The U.S. commercial boiler market was valued at USD 1.4 billion in 2022. Government incentives and policies including subsidies for clean energy solutions and support for the development of distributed energy resources, will foster the business landscape.
   
• This demand is driven by factors including increasing urbanization rate, expansion of industrial sector and increase investment across the commercial sector. The government has been implementing stricter emissions regulations to reduce pollution and improve air quality, which in turn will escalate the industry growth.