Get a free sample of North America Commercial Hot Water Boiler Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of North America Commercial Hot Water Boiler Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
North America Commercial Hot Water Boiler Market Size
The North America commercial hot water boiler market was valued at USD 1.8 billion in 2024 and is estimated to grow at a CAGR of 7.1% from 2025 to 2034. Economic growth and stability have driven higher demand for infrastructure leading to significant expansion in this sector, which in turn will fuel the product penetration. For instance, the lodging industry experienced a growth rate of over 8% in 2023 compared to last year.
A commercial hot water boiler is a specialized heating device designed to deliver a continuous supply of hot water for diverse commercial application areas. These boilers are generally larger and more powerful than standard water heaters, capable of meeting the higher demands of businesses, institutions, and large-scale facilities. Additionally, the rapid development of green buildings along with the growing need for hot water in various commercial applications is set to drive the growth of the boiler market.
Who are the major players in the North America commercial hot water boiler market?
Key players in the industry include A.O. Smith, AERCO International, American Water Heaters, Bosch Industriekessel, Bradford White Corporation, Burnham Commercial, Cleaver-Brooks, Columbia Boiler Company, Ferroli, Laars Heating Systems, Lochinvar, Parker Boiler, Patterson-Kelley, Raypak, Rheem Manufacturing Company, Thermal Solutions, Viessmann, and Weil-McLain.
What is the size of the electric commercial hot water boiler market?
The electric commercial hot water boiler market is expected to exceed USD 800 million by 2034, fueled by growing environmental concerns and advancements in energy-efficient technologies.
How big is the North America commercial hot water boiler market?
The North America commercial hot water boiler market was valued at USD 1.8 billion in 2024 and is projected to grow at a 7.1% CAGR from 2025 to 2034, driven by economic growth and increasing infrastructure demand.
What is the growth rate of the condensing commercial hot water boiler market?
The condensing commercial hot water boiler market is anticipated to grow at a CAGR of over 9.5% through 2034, supported by the demand for energy-efficient solutions and government regulations promoting cleaner energy alternatives.
What trends are influencing the U.S. commercial hot water boiler market growth?
The U.S. commercial hot water boiler market is set to surpass USD 2.5 billion by 2034, led by government incentives, rising urbanization, and stricter emissions regulations aimed at reducing pollution.