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Office Boiler Market Trends

Report ID: GMI7551
Published Date: Nov 2023
Report Format: PDF

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Office Boiler Market Trends

The business landscape is set to be influenced by stringent government regulations aimed at restricting carbon emissions, aligning with the increasing adoption of multiple boilers to enhance reliability. The product provides notable advantages such as reduced installation time and costs, along with heightened efficiency, thereby amplifying the industry's potential.

The growing focus on reducing the aftereffects of greenhouse gas emissions has significantly increased the product demand. Robust development of green buildings along with introduction of other emission control policies by the federal and regional government will augment the industry outlook.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of office boiler was worth USD 2.6 billion in 2022 and is expected to reach USD 5.1 billion by 2032, due to the increasing demand for space heating in office spaces along with stern policy frameworks for the development of green buildings worldwide.

The hot water product segment held 70% share of the office boiler industry in 2022 and is expected to register appreciable CAGR from 2023 to 2032, due to their low performance, high operation and maintenance costs.

Asia Pacific market for office boiler was exceeded USD 685.9 million in 2022 and is expected to register commendable CAGR through 2032. owing to the surge in foreign investments in commercialization, coupled with favorable government schemes for the development of manufacturing facilities

Babcock & Wilcox Enterprises, Inc., Hurst Boiler & Welding Co, Inc., Cleaver-Brooks, VIESSMANN, FONDITAL S.p.A., FERROLI S.p.A, Atlantic Boilers, and Bosch Industriekessel GmbH are some of the major office boiler companies worldwide.