Commercial Boilers Market: Overview
Commercial boilers are pressurized systems that burn combustible fuel or use electricity to heat water, which is used to provide heating in commercial buildings. Burners or electric coils that are installed inside the boilers generate heat, which is transferred to the water by heat exchangers.
Commercial Boilers Market: Key Segments
The global commercial boilers market can be segmented based on fuel type, capacity, application, and region. In terms of fuel type, the global commercial boilers market can be classified into fire tube natural gas, oil, and coal. Based on capacity, the global commercial boilers market can be divided into 0.3–2.5 MMBtu/hr, 2.5–10 MMBtu/hr, 50–100 MMBtu/hr, and 100–250 MMBtu/hr. Commercial boilers are fueled by oil or gas to heat water efficiently. In terms of application, the global commercial boilers market can be categorized into offices, warehouse & storage, educational institutions, lodging, and others. Commercial boilers are extensively employed in cold countries for heating water. Increase in need for space heating across residential and commercial establishments and rise in the industrial sector is anticipated to fuel the demand for global commercial boilers market.
Commercial boilers are eco-friendly and help curb environmental pollution. Good amount of heat is generated from commercial boilers, which helps save electricity. Companies are investing in new technologies and various products to further reduce the costs of commercial boilers. Maximum thermal efficiency is obtained with the help of commercial condensing boilers. Government measurers to minimize carbon footprint across commercial establishment have increased expenditure on the upgrade of existing facilities. This, in turn, is projected to boost the demand for global commercial boilers market.
Commercial Boilers Market: Drivers & Restraints
High production cost of boilers is a major restraint of the global commercial boilers market. Furthermore, maintenance and installation of these boilers is complicated, which needs to be tackled by the users. Large diameters of cylinders are required to install commercial boilers. Heat emitted from the radiators of commercial boilers is too hot to bear.
Commercial Boilers Market: Regional Outlook
In terms of geography, the global commercial boilers market in countries, such as India, China, and Japan in Asia Pacific, is expanding at a significant pace due to concerns about environment pollution and rise in demand for electricity. North America is an emerging for the consumption of commercial boilers due to significant growth in the industrial sector and efforts to reduce emissions in the region. Under the U.S. Clean Air Act, the Environmental Protection Agency has set emission standards for different air pollutants such as carbon monoxide, lead, nitrogen oxides, sulfur dioxide, and particulate matter. Countries in Europe, such as the U.K., Germany, and France, promote the usage of commercial boilers owing to industrial advancements and rise in effort to curb emission of harmful gases and environmental pollutants. Furthermore, demand for commercial boilers is increasing considerably in countries, such as Brazil and Mexico, in Latin America. Rise in demand for energy and surge in investment across the commercial sector are anticipated to propel the global commercial boilers market. Emerging countries across Middle East & Africa such as South Africa, GCC, and Egypt have introduced various schemes for the upgrade and installation of existing boilers. This, in turn, is anticipated to drive the global commercial boilers market.
Commercial Boilers Market: Key Players
Key players in the global commercial boilers market include PT United, Kansai Electric Power, Sumitomo Corporation, Thermax, Bosch, Baxi, Parker Boiler, and Saudi Boilers.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.