Global Commercial Boiler Market Size was valued nearly USD 12.08 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.01% during the forecast period that is 2017-2025. The commercial boiler is a pressurized system which operates with a combustible fuel or by the use electricity to heat water. The demand for commercial boiler is expected to grow at a prime CAGR, on account of increasing product demand from the healthcare end-use industry, owing to increasing sterilization needs.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global commercial boiler market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global commercial boiler market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Market Dynamics

Increasing focus towards the reduction of greenhouse gas (GHG) emissions along with tightening emission standards are some of the key factors driving the demand for commercial boilers over the forecast period. Continuously increasing focus towards the use of energy efficient devices by the governing bodies, along with the development of ecologically and economically sustainable commercial infrastructure by the key players is expected to drive the commercial boiler market significantly over the projected time period. For instance, the European Commission (EC) launched a Voluntary Reporting Framework Level(s) to improve the building infrastructures’ sustainability in 2017.

Growing demand for internal heating systems in cold countries of Europe and North America regions will drive the commercial boiler market over the forecast period. Rising demand for heating systems with high efficiency will further drive the global commercial boiler market. As the commercial boilers do not emit carbon emissions, favorable government initiatives regarding the reduction of carbon emissions will help the market growth. Various governing bodies have taken several initiatives to renovate incompetent building infrastructures to meet the low carbon emissions requirement, thereby attributing to the increasing product demand over the coming years. For instance, the European Union introduced a new Energy Performance of Buildings Directive in 2010, which aimed to reach a target of zero carbon emissions from buildings by the end of 2050.

By Applications Insights: Commercial boiler market for healthcare facilities is expected to witness a prime growth, owing to increasing product demand for healthcare sterilization requirements. Increasing investments from both government and private sectors towards the development of healthcare infrastructure will further accelerate the commercial boiler market over the projected timeline. According to the stats by U.S. Centers for Medicare and Medicaid Services, total healthcare expense in 2017 was nearly US$ 3.5 trillion. This is further expected to reach US$ 5.7 trillion by the end of 2026.

Regional Analysis

The global commercial boiler market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America commercial boiler market is expected to grow at a strong CAGR, owing to tightening federal regulations regarding the limitation of carbon emissions from commercial places. Moreover, increasing investments to upgrade conventional heating systems to curb increasing air pollution levels. For instance, the EPA laid several standards for various air pollutants including sulphurdioxide and nitrous oxide from commercial boilers. All the required standards were mentioned in the New Source Performance Standards (NSPS).

Global Commercial Boiler Market Size, Share Analysis By Region 2017

Asia Pacific commercial boiler market is expected to have the dominant market share, primarily on account of rapid urbanization, along with increasing investments to develop several commercial places. As per China Investment Strategy Report, the commercial property business in China will reach US$ 39.0 billion by the end of 2020, with a growth of over 45% from 2016.

Key Players Landscape

Some of the potential players in the global commercial boiler market include Ferroli, Viessmann, NIBE, Atlantic, Babcock and Wilcox, Fulton, Clayton, Hurst, Cochran, Bosch, Miura, A.O Smith, Johnston, Weil-McLain, Lattner, Rite, Northwest, Precise Boilers, Burnham, PB Heat, Slant/Fin, Cleaver-Brooks, Vapor Power, Mitsubishi, and Parker along several others. Key players in the commercial boilers market are highly concentrating to develop new products, and also making several strategic moves such as mergers & acquisitions to improve their market position. In March 2016, Cleaver-Brooks acquired Camus Hydronics, one of the key condensing hydronic boilers manufacturers. This acquisition strengthened the market position, along with improving Cleaver-Brooks’s product portfolio.

Global Commercial Boiler Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.