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Commercial Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

June 2023 | 142 pages | ID: C148101FF58BEN
IMARC Group

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The global commercial boiler market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 1.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.11% during 2023-2028.

Commercial boilers refer to pressurized systems that use electricity or combustible fuels to heat water that provides heating in a commercial building. They consist of a burner, combustion chamber, heat exchanger, controls, and exhaust stack. Some commonly used commercial boilers include firetube, water tube, commercial electric, vertical, and condensing boilers. Depending on the type of the boiler, the burner or electric coil produces hot water or steam, which is transferred via pipes throughout the building. As a result, commercial boilers are widely installed in offices, warehouses, educational institutions, retail outlets, and hospitals to keep the space warm and comfortable.

Commercial Boiler Market Trends:
The escalating demand for space heating in commercial spaces represents the primary factor driving the market growth. Besides this, the rising adoption of energy-efficient solutions, coupled with the increasing investments for the development of green buildings to minimize carbon emissions, is augmenting the demand for commercial boilers. Additionally, governments of various countries are taking several favorable initiatives to install new commercial boilers and upgrade the existing ones. Along with this, the implementation of stringent environmental regulations is accelerating the product adoption rates as modern commercial boiler technologies offer greater efficiency and lower emission discharge. Furthermore, the leading manufacturers are making heavy investments in research and development (R&D) activities to launch innovative boiler systems with compact designs, enhanced efficiency, low carbon footprint, and easy installation. This, in turn, has shifted consumer preferences from conventional to commercial boilers across the globe. Other factors, including the expanding tourism infrastructure, rising construction of residential and commercial buildings, rapid industrialization, and technological advancements, are also expected to create a positive market outlook in the upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial boiler market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on fuel type, technology, capacity and end user.

Breakup by Fuel Type:

Natural Gas
Oil
Coal
Others

Breakup by Technology:

Condensing
Non-Condensing

Breakup by Capacity:

Less Than 10 MMBtu/Hr
10-50 MMBtu/Hr
Others

Breakup by End User:

Offices
Hospitals
Educational Institutions
Lodging
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerco International Inc. (Watts Water Technologies), Ariston Holding N.V., Cleaver-Brooks Inc., Energy Kinetics Inc., Parker Boiler, PB Heat LLC. (NORITZ Corporation), Slant/Fin Corporation, Superior Boiler Works Inc., The Fulton Companies, Vaillant Group, Weil-McLain (SPX Corporation) and Wolf GmbH (Centrotec SE).

Key Questions Answered in This Report

1. What was the size of the global commercial boiler market in 2022?
2. What is the expected growth rate of the global commercial boiler market during 2023-2028?
3. What are the key factors driving the global commercial boiler market?
4. What has been the impact of COVID-19 on the global commercial boiler market?
5. What is the breakup of the global commercial boiler market based on the fuel type?
6. What is the breakup of the global commercial boiler market based on the capacity?
7. What is the breakup of the global commercial boiler market based on the end user?
8. What are the key regions in the global commercial boiler market?
9. Who are the key players/companies in the global commercial boiler market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL COMMERCIAL BOILER MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY FUEL TYPE

6.1 Natural Gas
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Oil
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Coal
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Condensing
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Non-Condensing
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY CAPACITY

8.1 Less Than 10 MMBtu/Hr
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 10-50 MMBtu/Hr
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1 Offices
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Hospitals
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Educational Institutions
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Lodging
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Aerco International Inc. (Watts Water Technologies)
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Ariston Holding N.V.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Cleaver-Brooks Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Energy Kinetics Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Parker Boiler
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 PB Heat LLC. (NORITZ Corporation)
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Slant/Fin Corporation
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Superior Boiler Works Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 The Fulton Companies
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Vaillant Group
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Weil-McLain (SPX Corporation)
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Wolf GmbH (Centrotec SE)
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Commercial Boiler Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Commercial Boiler Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
Table 3: Global: Commercial Boiler Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Commercial Boiler Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
Table 5: Global: Commercial Boiler Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Commercial Boiler Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Commercial Boiler Market: Competitive Structure
Table 8: Global: Commercial Boiler Market: Key Players


LIST OF FIGURES

Figure 1: Global: Commercial Boiler Market: Major Drivers and Challenges
Figure 2: Global: Commercial Boiler Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Commercial Boiler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Commercial Boiler Market: Breakup by Fuel Type (in %), 2022
Figure 5: Global: Commercial Boiler Market: Breakup by Technology (in %), 2022
Figure 6: Global: Commercial Boiler Market: Breakup by Capacity (in %), 2022
Figure 7: Global: Commercial Boiler Market: Breakup by End User (in %), 2022
Figure 8: Global: Commercial Boiler Market: Breakup by Region (in %), 2022
Figure 9: Global: Commercial Boiler (Natural Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Commercial Boiler (Natural Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Commercial Boiler (Oil) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Commercial Boiler (Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Commercial Boiler (Coal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Commercial Boiler (Coal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Commercial Boiler (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Commercial Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Commercial Boiler (Condensing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Commercial Boiler (Condensing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Commercial Boiler (Non-Condensing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Commercial Boiler (Non-Condensing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Commercial Boiler (Less Than 10 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Commercial Boiler (10-50 MMBtu/Hr) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Commercial Boiler (10-50 MMBtu/Hr) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Commercial Boiler (Other Capacities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Commercial Boiler (Other Capacities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Commercial Boiler (Offices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Commercial Boiler (Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Commercial Boiler (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Commercial Boiler (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Commercial Boiler (Educational Institutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Commercial Boiler (Educational Institutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Commercial Boiler (Lodging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Commercial Boiler (Lodging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Commercial Boiler (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Commercial Boiler (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Commercial Boiler Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Commercial Boiler Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: Commercial Boiler Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: Commercial Boiler Industry: SWOT Analysis
Figure 87: Global: Commercial Boiler Industry: Value Chain Analysis
Figure 88: Global: Commercial Boiler Industry: Porter's Five Forces Analysis


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