Commercial Boilers Market: Introduction

  • 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. The process either generates steam or hot water, depending on the type of boiler. The steam or hot water is circulated via pipes throughout the facility. The steam or water enters radiators or other components, which keep spaces warm and comfortable.

Key Drivers and Restraints of Global Commercial Boilers Market

  • Commercial boilers are extensively employed in cold countries for heating water. Increase in need for space heating across residential and commercial establishments and growth of the industrial sector are anticipated to fuel the global commercial boilers market. 
  • Increase in investments in the commercial sector toward development of economically & ecologically sustainable infrastructure is also anticipated to fuel the global commercial boilers market
  • High production cost of boilers is a major restraint of the global commercial boilers market. Furthermore, maintenance and installation of these boilers is complicated. It 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: Segmentation

  • 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
  • In terms of application, the global commercial boilers market can be categorized into offices, warehouse & storage, educational institutions, lodging, and others

Covid-19 Impact on Commercial Boilers Market

  • Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Graveyards and crematoriums have been working continuously to tackle the rise in dead bodies. Supply chains are facing disruptions, leading to disturbances in production activities in many countries.
  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Manufacture of oil and gas, food and beverages, and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the commercial boilers market.

North America to Dominate Commercial Boilers Market

  • In terms of region, the global commercial boilers market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is an emerging region in terms of consumption of commercial boilers due to significant growth of 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.
  • 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 in these countries
  • 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
  • Demand for commercial boilers is increasing considerably in countries, such as Brazil and Mexico, in Latin America
  • Rise in demand for energy and increase in investment in the commercial sector are anticipated to propel the global commercial boilers market. Emerging countries across Middle East & Africa such as South Africa, GCC countries, and Egypt have introduced various schemes for the upgrade of existing boilers and installation of new boilers. This, in turn, is anticipated to drive the global commercial boilers market.

Key Manufacturers Operating in Global Commercial Boilers Market

The global commercial boilers market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global commercial boilers market include:

  • PT United
  • Kansai Electric Power
  • Sumitomo Corporation
  • Thermax
  • Bosch
  • Baxi
  • Parker Boiler
  • Saudi Boilers

Global Commercial boilers Market: Research Scope

Global Commercial Boilers Market, by Fuel Type

  • Fire Tube Natural Gas
  • Oil
  • Coal

Global Commercial Boilers Market, by Capacity

  • 0.3–2.5 MMBtu/hr
  • 2.5–10 MMBtu/hr
  • 50–100 MMBtu/hr
  • 100–250 MMBtu/hr

Global Commercial Boilers Market, by Application

  • Offices
  • Warehouse & Storage
  • Educational Institutions
  • Lodging
  • Others

Global Commercial Boilers Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Commercial Boilers Market