Gas Fired Boiler Market - Snapshot

Gas boilers and furnaces are fuelled by either propane or natural gas with little modifications that accounted for various features of the fuel. However, propane comes more costly as a fuel.

Gas fired boilers make a number of retrofits possible. However, before going ahead with any of the retrofits, one must consider the added benefits one could receive through replacement of the furnace. The below-mentioned are the retrofits that could be possible:

  • Intermittent Ignition Devices
  • Modulating Aquastats (For Hot Water Boilers Only)
  • Derating Gas Burners
  • Vent Dampers
  • Time Delay Relay (For Hot Water Boilers Only)

The gas fired boilers are going to witness a surge in demand in the next few years to come. Such increase in demand is due to the strict regulations in an effort to control the traditional boilers induced emissions. In addition to that, there has been a shift toward cleaner fuel, which is further accelerating the demand for gas fired boiler.

Increasing awareness with regards to the degradation of the  environment degradation is leading to an increased demand for these gas fired boilers. In addition to that, efforts of government to protect against the environment are further likely to contribute to the increased adoption of gas fired boilers. Besides, low cost of heating and high efficiency is likely to add to the popularity quotient of gas fired boilers.

Global Gas Fired Boiler Market: Overview

The gas fired boilers are going to see an increase in demand over the forecast period of 2019 to 2027, owing to stringent regulations to control traditional boilers induced emissions. Besides, worldwide there is a hustle to shift to cleaner fuels.

And, owing to these factors, the global gas fired boiler market is set to grow a robust CAGR (Compound Annual Growth Rate). That would mean a lot many opportunities of growth for market players and a considerable increase in market worth.

Global Gas Fired Boiler Market: Competitive Landscape

The global gas fired boiler market is marked with some significant developments that are set to shape the growth trajectory over the forecast period. It is also contributing to shaping up the competitive landscape.

As of now, the global gas fired boiler market is fragmented. Prominent players in the market landscape include Babcock & Wilcox, Fulton Boiler Works, Hurst Boiler and Welding, AMEC Foster Wheeler, Forbes Marshall, General Electric, Rentech Boiler, and Miura America, among others. To maintain an edge over competitors, players focus on product innovation and inorganic growth ventures. Also, research & development is a critical component of overall strategy.

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Global Gas Fired Boiler Market: Key Trends and Drivers

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  • Worldwide, work days are getting longer, and more stressful. This, in turn, is leading people to opt for processed food as no one has the time or strength to prepare elaborate meals to work or after the day ends. Besides, a shift towards nuclear families, even in regions that had traditionally the set-up of a joint family. To add to it, the fact that in even in these nuclear families, both adults are usually working – dual income families. And, thus demand for processed food is set to shoot through the roof through the forecast period. And, this will lead to increase in demand for industrial gas fired boilers.
  • Increasing awareness about environment degradation is leading to an increased demand for these gas fired boilers. Besides, government’s efforts at protecting the environment will further contribute to growth in this market. To add to it, the high energy efficiency and low heating costs are adding to their popularity quotient. Moreover, they emit low levels of carbon emissions, which is a major crowd pleaser in this day and age.
  • Development of commercial establishments with increasing demand for heating will also lead to higher penetration of the market, especially in the urban centres. Besides, governments’ efforts to create smart cities, will only propel the market further ahead, taking the global gas fired boiler market on to higher growth trajectory.

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Global Gas Fired Boiler Market: Geographical Analysis

Asia Pacific will present the players with lucrative growth opportunities that can be attributed to growing service sector. Besides, the outlook toward manufacturing industry in countries including China and India is quite positive. To propel the market further, is increasing levels of urbanization. Then there is also an urgency observed in replacing traditional low-efficiency residential boilers across the economies in the region. All this together will further drive the demand for residential gas fired boilers in the region.

Other regions that will have players’ eye set on are North America and Europe that have the presence of a large number of market players.

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.

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  • Market segmentation up to the second or third level
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  • Reporting and evaluation of recent industry developments
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Gas Fired Boiler Market

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