Gas Boilers Market: Introduction
Gas boilers (gas-fired boilers) are primarily used for heating the water to create the steam and process it. Gas boilers are fueled with natural gas or propane with simple modifications in the design. Gas boilers are employed in water- and space-heating solutions. They offer excellent operational benefits such as reduced corrosion during shutdown and easy maintenance led by adequate observation ports. Moreover, the setup of gas boilers is simpler than other types of boilers.
Increase in the demand for space- and water-heating solutions is driving the global gas boilers market. The industrial development, primarily in developing economies, backed by private and public investments has augmented the demand for boilers. This, in turn, is driving the gas boilers market. Moreover, stringent environmental regulations on greenhouse gas (GHG) emissions have augmented the demand for gas boilers, due to cleanliness and improved fuel efficiency offered by them. However, technical limitations in terms of working under low temperature of gas boilers and higher capital costs are likely to hinder the global market during the forecast period.
Global Gas Boilers Market: Segmentation
The global gas boilers market can be segmented based on type, capacity, application, and region. In terms of type, the market can be divided into condensing and non-condensing. Reduction in costs, such as heating costs, and increased fuel efficiency of condensing gas boilers are projected to drive the market during the forecast period.
Based on capacity, the global market can be categorized into <10 MMBtu/h, 10–50 MMBtu/h, 50–100 MMBtu/h, 100–250 MMBtu/h, and >250 MMBtu/h. The <10 MMBtu/h segment is anticipated to expand at a significant pace during the forecast period, owing to increasing popularity of these gas boilers among domestic users led by their efficient operation. Based on application, the global gas boilers market can be segregated into domestic and industrial. The industrial segment can be sub-segmented into power generation, hospitality, and others (including hospitals). Rising urbanization and growing trend of replacing of low-efficiency domestic boilers, primarily in developing economies, are driving the market for domestic gas boilers.
Global Gas Boilers Market: Regional Outlook
In terms of region, the global gas boilers market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for gas boilers in developing economies, such as China and India, is estimated to rise during the forecast period, owing to ongoing developments, primarily in manufacturing and pharmaceutical industries in these countries. Promising government initiatives and rising private investments in the development of industrial infrastructure have resulted in rapid industrial growth. Moreover, rapid urbanization and improved lifestyle have resulted in increased demand for domestic gas boilers in these countries. Thus, the gas boilers market in Asia Pacific is projected to expand at a rapid pace during the forecast period.
Implementation of stringent environmental laws imposed by the European Union and the U.S. Government regarding greenhouse gas (GHG) emissions is expected to drive the gas boilers market in North America and Europe during the forecast period. The market in Middle East & Africa is projected to witness considerable growth, primarily in countries such as the UAE, Saudi Arabia, Egypt, and Nigeria, due to availability of natural gas resources in these countries.
Global Gas Boilers Market: Competition Landscape
Key players operating in the global gas boilers market are Babcock & Wilcox, Hurst Boiler & Welding Co, Inc., Forbes Marshall, AMEC Foster Wheeler, Rentech Boiler, Miura America, Fulton Boiler Works, SIME Hoval, Fondital, Viessmann, Groupe Atlantic, Bosch, Weil-McLain, Bradford White Corporation, Burnham Holdings, Inc., A.O. Smith, BDR Thermea Group, Parker Boiler, and Vaillant Group.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in 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.