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Commercial Boiler Market  Analysis Report 2024: Market to Grow by a CAGR of 5.4 to 2032, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Commercial Boiler Market by Fuel (Natural Gas, Coal, Oil, Others), by Technology (Condensing, Non-Condensing), by End-user (Educational Institutions, Healthcare Sector, Offices, Hospitality, Others), by By Geography (North America) Forecast 2024-2032

Nov 16 2024
Base Year: 2023
180 Pages
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Commercial Boiler Market  Analysis Report 2024: Market to Grow by a CAGR of 5.4 to 2032, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Key Insights

The global commercial boiler market is projected to reach USD 55.4 billion by 2026, exhibiting a CAGR of 5.4% from 2021 to 2026. Rising demand for energy-efficient solutions in commercial buildings and increasing government regulations for emission control are driving the growth of the market. The Commercial Boiler Market focuses on enhancing energy-efficient heating solutions in commercial business establishments. These types offer hot water or steam, including condensing, conventional, and biomass steeping, and incorporating features such as modulating burners and integrated control systems. In line with the high-quality standards, environmental impact, and added advantages such as cost-savings, the market has wide-cut options with improved fuel efficiency and low emissions. Commercial boilers offer long-term reliable and cost-effective heating solutions all of which make these boilers a perfect solution for any business that seeks a business that offers their employees environmentally friendly heating solutions.

Commercial Boiler Market Research Report - Market Size, Growth & Forecast

Commercial Boiler Trends

  • Shift towards high-efficiency models: Condensing boilers offer significant energy savings and have become the preferred choice in new construction and replacement markets.
  • Smart boiler technologies: IoT and remote monitoring enable real-time data collection, predictive maintenance, and improved energy efficiency.
  • Growing popularity of renewable energy sources: The integration of solar and biomass energy into boiler systems is gaining traction to reduce carbon footprint.

Driving Forces: What's Propelling the Commercial Boiler Market

  • Rising energy costs
  • Government incentives for energy-efficient technologies
  • Increasing demand for sustainable building practices
  • Growing investment in commercial infrastructure development

Challenges and Restraints in Cothe mmercial Boiler Market

  • High upfront investment costs
  • Complexity of installation and maintenance
  • Technological obsolescence
  • Environmental concerns related to emissions

Emerging Trends in Commercial Boilers

  • Digitalization and data analytics: Advanced sensors and software platforms provide insights into boiler performance and enable predictive maintenance.
  • Off-site construction and modular boilers: Prefabricated boilers reduce installation time and costs, especially for large-scale projects.
  • Micro boilers: Compact boilers designed for space-constrained applications, offering high efficiency and flexibility.
  • Artificial intelligence (AI): AI algorithms optimize boiler operations, improve energy utilization, and reduce downtime.

Growth Catalysts in the Commercial Boiler Industry

Commercial Boiler Market Growth

  • Government regulations for energy efficiency and carbon emissions
  • Increasing demand for renewable energy-based solutions
  • Technological advancements in boiler design and materials
  • Rising awareness of sustainable building practices
  • Growing investment in emerging markets

Market Segmentation: Commercial Boiler Analysis

Fuel Type:

  • Natural Gas: Largest market share due to cost-effectiveness and availability
  • Coal: Declining share due to environmental concerns
  • Oil: Used in remote areas or as a backup fuel
  • Others: Biomass, solar, and geothermal

Technology:

  • Condensing: High-efficiency models that recover heat from exhaust gases
  • Non-condensing: Traditional models with lower efficiency

End-user:

  • Educational Institutions: Schools, universities, and research centres
  • Healthcare Sector: Hospitals, clinics, and nursing homes
  • Offices: Corporate buildings, government agencies, and commercial spaces
  • Hospitality: Hotels, restaurants, and entertainment venues
  • Others: Manufacturing, retail, and storage facilities

Leading Players in the Commercial Boiler Market

  • A.O. Smith Corporation (U.K.)
  • Bosch Thermotechnology (Germany)
  • Cochran Limited (U.K.)
  • Cleaver-Brooks (U.S.)
  • Fulton Boiler Company (U.S.)
  • Slant/Fin Corporation (U.S.)
  • Weil-McLain Solvay S.A. (U.S.)
  • Valliant Group (Germany)
  • Babcock and Wilcox Enterprises (U.S.)
  • Ferroli (Italy)
  • Superior Boiler Works, Inc (U.S.)
  • Viessmann (Germany)
  • Simoneau Group (Canada)

Significant developments in the Commercial Boiler Sector

  • Acquisition of Slant/Fin Corporation by A.O. Smith Corporation in 2021
  • Launch of high-efficiency condensing boilers by Bosch Thermotechnology in 2022
  • Investment in renewable energy-based boiler systems by Cochran Limited in 2023

Comprehensive Coverage Commercial Boiler Market Report

  • Market Overview
  • Market Dynamics
  • Market Segmentation
  • Competitive Landscape
  • Technology Analysis
  • Pestle Analysis
  • Portor's Five Force Analysis
  • BCG Matrix
  • Import & Export Analysis
  • Production & Consumption
  • Regulatory Landscape
  • Future Outlook

Regional Insight

  • North America: Largest market share due to advanced infrastructure, stringent energy efficiency regulations, and a growing focus on sustainability. Key players in the region include Babcock & Wilcox, Cleaver-Brooks, and Viessmann.
  • Europe: Mature market with a strong emphasis on sustainable solutions, energy efficiency, and decarbonization. Leading companies in the region include Bosch, Buderus, and Vaillant.
  • Asia-Pacific: Rapid urbanization, increasing population, and rising energy demand drive growth. Governments in the region are promoting energy efficiency and implementing supportive policies. Key players include Mitsubishi Heavy Industries, Daikin, and HITACHI.
  • Latin America: Growing market with high potential for growth, particularly in Brazil and Mexico. Rising demand for energy-efficient technologies and increasing urbanization drive market expansion.
  • Middle East & Africa: Emerging market with increasing investments in commercial construction, infrastructure development, and renewable energy. Key players in the region include SsangYong Heavy Industries and Alfa Laval.

Technology Analysis

  • Condensing technology: Advanced designs that maximize energy efficiency
  • Low NOx combustion: Reduces nitrogen oxide emissions
  • IoT integration: Real-time data monitoring and predictive maintenance

Pestle Analysis

  • Political: Government regulations on environmental protection and energy efficiency
  • Economic: Rising energy costs and infrastructure investments
  • Social: Increasing awareness of environmental sustainability
  • Technological: Advancements in boiler design and automation
  • Legal: Emission control regulations and building codes
  • Environmental: Concerns about fuel emissions and carbon footprint

Porter's Five Force Analysis

  • Threat of new entrants: Medium
  • Bargaining power of suppliers: Low
  • Bargaining power of buyers: High
  • Threat of substitutes: Medium
  • Rivalry among existing competitors: Intense

Commercial Boiler Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.4% from 2018-2032
Segmentation
    • By Fuel
      • Natural Gas
      • Coal
      • Oil
      • Others
    • By Technology
      • Condensing
      • Non-Condensing
    • By End-user
      • Educational Institutions
      • Healthcare Sector
      • Offices
      • Hospitality
      • Others
  • By Geography
    • By Geography
      • North America

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
      • 3.3. Market Restrains
        • 3.3.1. High Maintenance Cost of these Boilers will Hinder the Market
      • 3.4. Market Trends
        • 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Commercial Boiler Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Fuel
      • 5.1.1. Natural Gas
      • 5.1.2. Coal
      • 5.1.3. Oil
      • 5.1.4. Others
    • 5.2. Market Analysis, Insights and Forecast - by Technology
      • 5.2.1. Condensing
      • 5.2.2. Non-Condensing
    • 5.3. Market Analysis, Insights and Forecast - by End-user
      • 5.3.1. Educational Institutions
      • 5.3.2. Healthcare Sector
      • 5.3.3. Offices
      • 5.3.4. Hospitality
      • 5.3.5. Others
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. By Geography
  6. 6. North America Commercial Boiler Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Fuel
        • 6.1.1 Natural Gas
        • 6.1.2 Coal
        • 6.1.3 Oil
        • 6.1.4 and Others
      • 6.2. Market Analysis, Insights and Forecast - By Technology
        • 6.2.1 Condensing
        • 6.2.2 Non-Condensing
      • 6.3. Market Analysis, Insights and Forecast - By End-user
        • 6.3.1 Educational Institutions
        • 6.3.2 Healthcare Sector
        • 6.3.3 Offices
        • 6.3.4 Hospitality
        • 6.3.5 and Others
      • 6.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 6.4.1 United States
        • 6.4.2 Canada
        • 6.4.3 Mexico
  7. 7. MEA Commercial Boiler Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Fuel
        • 7.1.1 Natural Gas
        • 7.1.2 Coal
        • 7.1.3 Oil
        • 7.1.4 and Others
      • 7.2. Market Analysis, Insights and Forecast - By Technology
        • 7.2.1 Condensing
        • 7.2.2 Non-Condensing
      • 7.3. Market Analysis, Insights and Forecast - By End-user
        • 7.3.1 Educational Institutions
        • 7.3.2 Healthcare Sector
        • 7.3.3 Offices
        • 7.3.4 Hospitality
        • 7.3.5 and Others
      • 7.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 7.4.1 Middle East
        • 7.4.2 Africa
  8. 8. South America Commercial Boiler Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Fuel
        • 8.1.1 Natural Gas
        • 8.1.2 Coal
        • 8.1.3 Oil
        • 8.1.4 and Others
      • 8.2. Market Analysis, Insights and Forecast - By Technology
        • 8.2.1 Condensing
        • 8.2.2 Non-Condensing
      • 8.3. Market Analysis, Insights and Forecast - By End-user
        • 8.3.1 Educational Institutions
        • 8.3.2 Healthcare Sector
        • 8.3.3 Offices
        • 8.3.4 Hospitality
        • 8.3.5 and Others
      • 8.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 8.4.1 Brazil
        • 8.4.2 Argentina
        • 8.4.3 Rest of South America
  9. 9. Europe Commercial Boiler Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Fuel
        • 9.1.1 Natural Gas
        • 9.1.2 Coal
        • 9.1.3 Oil
        • 9.1.4 and Others
      • 9.2. Market Analysis, Insights and Forecast - By Technology
        • 9.2.1 Condensing
        • 9.2.2 Non-Condensing
      • 9.3. Market Analysis, Insights and Forecast - By End-user
        • 9.3.1 Educational Institutions
        • 9.3.2 Healthcare Sector
        • 9.3.3 Offices
        • 9.3.4 Hospitality
        • 9.3.5 and Others
      • 9.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 9.4.1 Germany
        • 9.4.2 France
        • 9.4.3 Italy
        • 9.4.4 United Kingdom
        • 9.4.5 Netherlands
        • 9.4.6 Rest of Europe
  10. 10. Asia Pacific Commercial Boiler Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Fuel
        • 10.1.1 Natural Gas
        • 10.1.2 Coal
        • 10.1.3 Oil
        • 10.1.4 and Others
      • 10.2. Market Analysis, Insights and Forecast - By Technology
        • 10.2.1 Condensing
        • 10.2.2 Non-Condensing
      • 10.3. Market Analysis, Insights and Forecast - By End-user
        • 10.3.1 Educational Institutions
        • 10.3.2 Healthcare Sector
        • 10.3.3 Offices
        • 10.3.4 Hospitality
        • 10.3.5 and Others
      • 10.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 10.4.1 China
        • 10.4.2 Japan
        • 10.4.3 India
        • 10.4.4 South Korea
        • 10.4.5 Taiwan
        • 10.4.6 Australia
        • 10.4.7 Rest of Asia-Pacific
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 A.O. Smith Corporation (U.K.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 Bosch Thermotechnology (Germany)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Cochran Limited (U.K.)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Cleaver-Brooks (U.S.)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Fulton Boiler Company (U.S.)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Slant/Fin Corporation (U.S.)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Weil-McLain Solvay S.A. (U.S.)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Valliant Group (Germany)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Babcock and Wilcox Enterprises (U.S.)
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 Ferroli (Italy)
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
        • 11.2.11 Superior Boiler Works Inc (U.S.)
          • 11.2.11.1. Overview
          • 11.2.11.2. Products
          • 11.2.11.3. SWOT Analysis
          • 11.2.11.4. Recent Developments
          • 11.2.11.5. Financials (Based on Availability)
        • 11.2.12 Viessmann (Germany)
          • 11.2.12.1. Overview
          • 11.2.12.2. Products
          • 11.2.12.3. SWOT Analysis
          • 11.2.12.4. Recent Developments
          • 11.2.12.5. Financials (Based on Availability)
        • 11.2.13 Simoneau Group (Canada)
          • 11.2.13.1. Overview
          • 11.2.13.2. Products
          • 11.2.13.3. SWOT Analysis
          • 11.2.13.4. Recent Developments
          • 11.2.13.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Commercial Boiler Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
  2. Figure 2: Global Commercial Boiler Market Volume Breakdown (Tonnes, %) by Region 2023 & 2031
  3. Figure 3: Global Commercial Boiler Market Revenue (USD Billion), by Fuel 2023 & 2031
  4. Figure 4: Global Commercial Boiler Market Volume (Tonnes), by Fuel 2023 & 2031
  5. Figure 5: Global Commercial Boiler Market Revenue Share (%), by Fuel 2023 & 2031
  6. Figure 6: Global Commercial Boiler Market Volume Share (%), by Fuel 2023 & 2031
  7. Figure 7: Global Commercial Boiler Market Forecast (USD Billion), by Natural Gas 2020 & 2031
  8. Figure 8: Global Commercial Boiler Market Forecast (Tonnes), by Natural Gas 2020 & 2031
  9. Figure 9: Global Commercial Boiler Market Forecast (USD Billion), by Coal 2020 & 2031
  10. Figure 10: Global Commercial Boiler Market Forecast (Tonnes), by Coal 2020 & 2031
  11. Figure 11: Global Commercial Boiler Market Forecast (USD Billion), by Oil 2020 & 2031
  12. Figure 12: Global Commercial Boiler Market Forecast (Tonnes), by Oil 2020 & 2031
  13. Figure 13: Global Commercial Boiler Market Forecast (USD Billion), by Others 2020 & 2031
  14. Figure 14: Global Commercial Boiler Market Forecast (Tonnes), by Others 2020 & 2031
  15. Figure 15: Global Commercial Boiler Market Revenue (USD Billion), by Technology 2023 & 2031
  16. Figure 16: Global Commercial Boiler Market Volume (Tonnes), by Technology 2023 & 2031
  17. Figure 17: Global Commercial Boiler Market Revenue Share (%), by Technology 2023 & 2031
  18. Figure 18: Global Commercial Boiler Market Volume Share (%), by Technology 2023 & 2031
  19. Figure 19: Global Commercial Boiler Market Forecast (USD Billion), by Condensing 2020 & 2031
  20. Figure 20: Global Commercial Boiler Market Forecast (Tonnes), by Condensing 2020 & 2031
  21. Figure 21: Global Commercial Boiler Market Forecast (USD Billion), by Non-Condensing 2020 & 2031
  22. Figure 22: Global Commercial Boiler Market Forecast (Tonnes), by Non-Condensing 2020 & 2031
  23. Figure 23: Global Commercial Boiler Market Revenue (USD Billion), by End-user 2023 & 2031
  24. Figure 24: Global Commercial Boiler Market Volume (Tonnes), by End-user 2023 & 2031
  25. Figure 25: Global Commercial Boiler Market Revenue Share (%), by End-user 2023 & 2031
  26. Figure 26: Global Commercial Boiler Market Volume Share (%), by End-user 2023 & 2031
  27. Figure 27: Global Commercial Boiler Market Forecast (USD Billion), by Educational Institutions 2020 & 2031
  28. Figure 28: Global Commercial Boiler Market Forecast (Tonnes), by Educational Institutions 2020 & 2031
  29. Figure 29: Global Commercial Boiler Market Forecast (USD Billion), by Healthcare Sector 2020 & 2031
  30. Figure 30: Global Commercial Boiler Market Forecast (Tonnes), by Healthcare Sector 2020 & 2031
  31. Figure 31: Global Commercial Boiler Market Forecast (USD Billion), by Offices 2020 & 2031
  32. Figure 32: Global Commercial Boiler Market Forecast (Tonnes), by Offices 2020 & 2031
  33. Figure 33: Global Commercial Boiler Market Forecast (USD Billion), by Hospitality 2020 & 2031
  34. Figure 34: Global Commercial Boiler Market Forecast (Tonnes), by Hospitality 2020 & 2031
  35. Figure 35: Global Commercial Boiler Market Forecast (USD Billion), by Others 2020 & 2031
  36. Figure 36: Global Commercial Boiler Market Forecast (Tonnes), by Others 2020 & 2031
  37. Figure 37: Global Commercial Boiler Market Revenue (USD Billion), by Region 2023 & 2031
  38. Figure 38: Global Commercial Boiler Market Volume (Tonnes), by Region 2023 & 2031
  39. Figure 39: Global Commercial Boiler Market Revenue Share (%), by Region 2023 & 2031
  40. Figure 40: Global Commercial Boiler Market Volume Share (%), by Region 2023 & 2031
  41. Figure 41: North America Commercial Boiler Market Revenue (USD Billion), by Fuel 2023 & 2031
  42. Figure 42: North America Commercial Boiler Market Volume (Tonnes), by Fuel 2023 & 2031
  43. Figure 43: North America Commercial Boiler Market Revenue Share (%), by Fuel 2023 & 2031
  44. Figure 44: North America Commercial Boiler Market Volume Share (%), by Fuel 2023 & 2031
  45. Figure 45: North America Commercial Boiler Market Revenue (USD Billion), by Technology 2023 & 2031
  46. Figure 46: North America Commercial Boiler Market Volume (Tonnes), by Technology 2023 & 2031
  47. Figure 47: North America Commercial Boiler Market Revenue Share (%), by Technology 2023 & 2031
  48. Figure 48: North America Commercial Boiler Market Volume Share (%), by Technology 2023 & 2031
  49. Figure 49: North America Commercial Boiler Market Revenue (USD Billion), by End-user 2023 & 2031
  50. Figure 50: North America Commercial Boiler Market Volume (Tonnes), by End-user 2023 & 2031
  51. Figure 51: North America Commercial Boiler Market Revenue Share (%), by End-user 2023 & 2031
  52. Figure 52: North America Commercial Boiler Market Volume Share (%), by End-user 2023 & 2031
  53. Figure 53: North America Commercial Boiler Market Revenue (USD Billion), by Country 2023 & 2031
  54. Figure 54: North America Commercial Boiler Market Volume (Tonnes), by Country 2023 & 2031
  55. Figure 55: North America Commercial Boiler Market Revenue Share (%), by Country 2023 & 2031
  56. Figure 56: North America Commercial Boiler Market Volume Share (%), by Country 2023 & 2031
  57. Figure 57: MEA Commercial Boiler Market Revenue (USD Billion), by Fuel 2023 & 2031
  58. Figure 58: MEA Commercial Boiler Market Volume (Tonnes), by Fuel 2023 & 2031
  59. Figure 59: MEA Commercial Boiler Market Revenue Share (%), by Fuel 2023 & 2031
  60. Figure 60: MEA Commercial Boiler Market Volume Share (%), by Fuel 2023 & 2031
  61. Figure 61: MEA Commercial Boiler Market Revenue (USD Billion), by Technology 2023 & 2031
  62. Figure 62: MEA Commercial Boiler Market Volume (Tonnes), by Technology 2023 & 2031
  63. Figure 63: MEA Commercial Boiler Market Revenue Share (%), by Technology 2023 & 2031
  64. Figure 64: MEA Commercial Boiler Market Volume Share (%), by Technology 2023 & 2031
  65. Figure 65: MEA Commercial Boiler Market Revenue (USD Billion), by End-user 2023 & 2031
  66. Figure 66: MEA Commercial Boiler Market Volume (Tonnes), by End-user 2023 & 2031
  67. Figure 67: MEA Commercial Boiler Market Revenue Share (%), by End-user 2023 & 2031
  68. Figure 68: MEA Commercial Boiler Market Volume Share (%), by End-user 2023 & 2031
  69. Figure 69: MEA Commercial Boiler Market Revenue (USD Billion), by Country 2023 & 2031
  70. Figure 70: MEA Commercial Boiler Market Volume (Tonnes), by Country 2023 & 2031
  71. Figure 71: MEA Commercial Boiler Market Revenue Share (%), by Country 2023 & 2031
  72. Figure 72: MEA Commercial Boiler Market Volume Share (%), by Country 2023 & 2031
  73. Figure 73: South America Commercial Boiler Market Revenue (USD Billion), by Fuel 2023 & 2031
  74. Figure 74: South America Commercial Boiler Market Volume (Tonnes), by Fuel 2023 & 2031
  75. Figure 75: South America Commercial Boiler Market Revenue Share (%), by Fuel 2023 & 2031
  76. Figure 76: South America Commercial Boiler Market Volume Share (%), by Fuel 2023 & 2031
  77. Figure 77: South America Commercial Boiler Market Revenue (USD Billion), by Technology 2023 & 2031
  78. Figure 78: South America Commercial Boiler Market Volume (Tonnes), by Technology 2023 & 2031
  79. Figure 79: South America Commercial Boiler Market Revenue Share (%), by Technology 2023 & 2031
  80. Figure 80: South America Commercial Boiler Market Volume Share (%), by Technology 2023 & 2031
  81. Figure 81: South America Commercial Boiler Market Revenue (USD Billion), by End-user 2023 & 2031
  82. Figure 82: South America Commercial Boiler Market Volume (Tonnes), by End-user 2023 & 2031
  83. Figure 83: South America Commercial Boiler Market Revenue Share (%), by End-user 2023 & 2031
  84. Figure 84: South America Commercial Boiler Market Volume Share (%), by End-user 2023 & 2031
  85. Figure 85: South America Commercial Boiler Market Revenue (USD Billion), by Country 2023 & 2031
  86. Figure 86: South America Commercial Boiler Market Volume (Tonnes), by Country 2023 & 2031
  87. Figure 87: South America Commercial Boiler Market Revenue Share (%), by Country 2023 & 2031
  88. Figure 88: South America Commercial Boiler Market Volume Share (%), by Country 2023 & 2031
  89. Figure 89: Europe Commercial Boiler Market Revenue (USD Billion), by Fuel 2023 & 2031
  90. Figure 90: Europe Commercial Boiler Market Volume (Tonnes), by Fuel 2023 & 2031
  91. Figure 91: Europe Commercial Boiler Market Revenue Share (%), by Fuel 2023 & 2031
  92. Figure 92: Europe Commercial Boiler Market Volume Share (%), by Fuel 2023 & 2031
  93. Figure 93: Europe Commercial Boiler Market Revenue (USD Billion), by Technology 2023 & 2031
  94. Figure 94: Europe Commercial Boiler Market Volume (Tonnes), by Technology 2023 & 2031
  95. Figure 95: Europe Commercial Boiler Market Revenue Share (%), by Technology 2023 & 2031
  96. Figure 96: Europe Commercial Boiler Market Volume Share (%), by Technology 2023 & 2031
  97. Figure 97: Europe Commercial Boiler Market Revenue (USD Billion), by End-user 2023 & 2031
  98. Figure 98: Europe Commercial Boiler Market Volume (Tonnes), by End-user 2023 & 2031
  99. Figure 99: Europe Commercial Boiler Market Revenue Share (%), by End-user 2023 & 2031
  100. Figure 100: Europe Commercial Boiler Market Volume Share (%), by End-user 2023 & 2031
  101. Figure 101: Europe Commercial Boiler Market Revenue (USD Billion), by Country 2023 & 2031
  102. Figure 102: Europe Commercial Boiler Market Volume (Tonnes), by Country 2023 & 2031
  103. Figure 103: Europe Commercial Boiler Market Revenue Share (%), by Country 2023 & 2031
  104. Figure 104: Europe Commercial Boiler Market Volume Share (%), by Country 2023 & 2031
  105. Figure 105: Asia Pacific Commercial Boiler Market Revenue (USD Billion), by Fuel 2023 & 2031
  106. Figure 106: Asia Pacific Commercial Boiler Market Volume (Tonnes), by Fuel 2023 & 2031
  107. Figure 107: Asia Pacific Commercial Boiler Market Revenue Share (%), by Fuel 2023 & 2031
  108. Figure 108: Asia Pacific Commercial Boiler Market Volume Share (%), by Fuel 2023 & 2031
  109. Figure 109: Asia Pacific Commercial Boiler Market Revenue (USD Billion), by Technology 2023 & 2031
  110. Figure 110: Asia Pacific Commercial Boiler Market Volume (Tonnes), by Technology 2023 & 2031
  111. Figure 111: Asia Pacific Commercial Boiler Market Revenue Share (%), by Technology 2023 & 2031
  112. Figure 112: Asia Pacific Commercial Boiler Market Volume Share (%), by Technology 2023 & 2031
  113. Figure 113: Asia Pacific Commercial Boiler Market Revenue (USD Billion), by End-user 2023 & 2031
  114. Figure 114: Asia Pacific Commercial Boiler Market Volume (Tonnes), by End-user 2023 & 2031
  115. Figure 115: Asia Pacific Commercial Boiler Market Revenue Share (%), by End-user 2023 & 2031
  116. Figure 116: Asia Pacific Commercial Boiler Market Volume Share (%), by End-user 2023 & 2031
  117. Figure 117: Asia Pacific Commercial Boiler Market Revenue (USD Billion), by Country 2023 & 2031
  118. Figure 118: Asia Pacific Commercial Boiler Market Volume (Tonnes), by Country 2023 & 2031
  119. Figure 119: Asia Pacific Commercial Boiler Market Revenue Share (%), by Country 2023 & 2031
  120. Figure 120: Asia Pacific Commercial Boiler Market Volume Share (%), by Country 2023 & 2031
  121. Figure 121: By Geography Commercial Boiler Market Revenue (USD Billion), by Fuel 2023 & 2031
  122. Figure 122: By Geography Commercial Boiler Market Volume (Tonnes), by Fuel 2023 & 2031
  123. Figure 123: By Geography Commercial Boiler Market Revenue Share (%), by Fuel 2023 & 2031
  124. Figure 124: By Geography Commercial Boiler Market Volume Share (%), by Fuel 2023 & 2031
  125. Figure 125: By Geography Commercial Boiler Market Revenue (USD Billion), by Technology 2023 & 2031
  126. Figure 126: By Geography Commercial Boiler Market Volume (Tonnes), by Technology 2023 & 2031
  127. Figure 127: By Geography Commercial Boiler Market Revenue Share (%), by Technology 2023 & 2031
  128. Figure 128: By Geography Commercial Boiler Market Volume Share (%), by Technology 2023 & 2031
  129. Figure 129: By Geography Commercial Boiler Market Revenue (USD Billion), by End-user 2023 & 2031
  130. Figure 130: By Geography Commercial Boiler Market Volume (Tonnes), by End-user 2023 & 2031
  131. Figure 131: By Geography Commercial Boiler Market Revenue Share (%), by End-user 2023 & 2031
  132. Figure 132: By Geography Commercial Boiler Market Volume Share (%), by End-user 2023 & 2031
  133. Figure 133: By Geography Commercial Boiler Market Revenue (USD Billion), by Country 2023 & 2031
  134. Figure 134: By Geography Commercial Boiler Market Volume (Tonnes), by Country 2023 & 2031
  135. Figure 135: By Geography Commercial Boiler Market Revenue Share (%), by Country 2023 & 2031
  136. Figure 136: By Geography Commercial Boiler Market Volume Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  2. Table 2: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  3. Table 3: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  4. Table 4: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  5. Table 5: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  6. Table 6: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  7. Table 7: Global Commercial Boiler Market Revenue USD Billion Forecast, by Region 2018 & 2031
  8. Table 8: Global Commercial Boiler Market Volume Tonnes Forecast, by Region 2018 & 2031
  9. Table 9: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  10. Table 10: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  11. Table 11: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  12. Table 12: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  13. Table 13: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  14. Table 14: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  15. Table 15: Global Commercial Boiler Market Revenue USD Billion Forecast, by Region 2018 & 2031
  16. Table 16: Global Commercial Boiler Market Volume Tonnes Forecast, by Region 2018 & 2031
  17. Table 17: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  18. Table 18: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  19. Table 19: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  20. Table 20: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  21. Table 21: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  22. Table 22: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  23. Table 23: Global Commercial Boiler Market Revenue USD Billion Forecast, by Country 2018 & 2031
  24. Table 24: Global Commercial Boiler Market Volume Tonnes Forecast, by Country 2018 & 2031
  25. Table 25: United States Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  26. Table 26: United States Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  27. Table 27: Canada Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  28. Table 28: Canada Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  29. Table 29: Mexico Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  30. Table 30: Mexico Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  31. Table 31: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  32. Table 32: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  33. Table 33: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  34. Table 34: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  35. Table 35: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  36. Table 36: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  37. Table 37: Global Commercial Boiler Market Revenue USD Billion Forecast, by Country 2018 & 2031
  38. Table 38: Global Commercial Boiler Market Volume Tonnes Forecast, by Country 2018 & 2031
  39. Table 39: Middle East Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  40. Table 40: Middle East Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  41. Table 41: Africa Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  42. Table 42: Africa Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  43. Table 43: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  44. Table 44: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  45. Table 45: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  46. Table 46: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  47. Table 47: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  48. Table 48: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  49. Table 49: Global Commercial Boiler Market Revenue USD Billion Forecast, by Country 2018 & 2031
  50. Table 50: Global Commercial Boiler Market Volume Tonnes Forecast, by Country 2018 & 2031
  51. Table 51: Brazil Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  52. Table 52: Brazil Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  53. Table 53: Argentina Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  54. Table 54: Argentina Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  55. Table 55: Rest of South America Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  56. Table 56: Rest of South America Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  57. Table 57: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  58. Table 58: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  59. Table 59: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  60. Table 60: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  61. Table 61: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  62. Table 62: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  63. Table 63: Global Commercial Boiler Market Revenue USD Billion Forecast, by Country 2018 & 2031
  64. Table 64: Global Commercial Boiler Market Volume Tonnes Forecast, by Country 2018 & 2031
  65. Table 65: Germany Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  66. Table 66: Germany Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  67. Table 67: France Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  68. Table 68: France Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  69. Table 69: Italy Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  70. Table 70: Italy Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  71. Table 71: United Kingdom Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  72. Table 72: United Kingdom Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  73. Table 73: Netherlands Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  74. Table 74: Netherlands Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  75. Table 75: Rest of Europe Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  76. Table 76: Rest of Europe Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  77. Table 77: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  78. Table 78: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  79. Table 79: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  80. Table 80: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  81. Table 81: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  82. Table 82: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  83. Table 83: Global Commercial Boiler Market Revenue USD Billion Forecast, by Country 2018 & 2031
  84. Table 84: Global Commercial Boiler Market Volume Tonnes Forecast, by Country 2018 & 2031
  85. Table 85: China Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  86. Table 86: China Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  87. Table 87: Japan Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  88. Table 88: Japan Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  89. Table 89: India Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  90. Table 90: India Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  91. Table 91: South Korea Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  92. Table 92: South Korea Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  93. Table 93: Taiwan Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  94. Table 94: Taiwan Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  95. Table 95: Australia Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  96. Table 96: Australia Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  97. Table 97: Rest of Asia-Pacific Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  98. Table 98: Rest of Asia-Pacific Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
  99. Table 99: Global Commercial Boiler Market Revenue USD Billion Forecast, by Fuel 2018 & 2031
  100. Table 100: Global Commercial Boiler Market Volume Tonnes Forecast, by Fuel 2018 & 2031
  101. Table 101: Global Commercial Boiler Market Revenue USD Billion Forecast, by Technology 2018 & 2031
  102. Table 102: Global Commercial Boiler Market Volume Tonnes Forecast, by Technology 2018 & 2031
  103. Table 103: Global Commercial Boiler Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  104. Table 104: Global Commercial Boiler Market Volume Tonnes Forecast, by End-user 2018 & 2031
  105. Table 105: Global Commercial Boiler Market Revenue USD Billion Forecast, by Country 2018 & 2031
  106. Table 106: Global Commercial Boiler Market Volume Tonnes Forecast, by Country 2018 & 2031
  107. Table 107: North America Commercial Boiler Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  108. Table 108: North America Commercial Boiler Market Volume (Tonnes) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.4% from 2018-2032
Segmentation
    • By Fuel
      • Natural Gas
      • Coal
      • Oil
      • Others
    • By Technology
      • Condensing
      • Non-Condensing
    • By End-user
      • Educational Institutions
      • Healthcare Sector
      • Offices
      • Hospitality
      • Others
  • By Geography
    • By Geography
      • North America

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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