The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Commercial Boiler Global Market Report 2023, The global commercial boiler market is expected to grow from $3.69 billion in 2022 to $3.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The market size of the global commercial boiler is expected to grow to $5.09 billion in 2027 at a CAGR of 6.6%.

North America was the largest region in the commercial boiler market in 2022.

Commercial Boiler Market Driver
Rising commercial building construction and an increase in safety equipment are projected to move the commercial boiler market forward. Commercial structures such as offices, retail stores, warehouses and storage facilities, and hospitals are on the rise due to a variety of factors such as economic development, increasing urbanisation, industrial expansion, and so on. A commercial boiler is a pressurised system that heats water or provides heat in commercial buildings by using electricity or fuel. Commercial boilers keep commercial buildings safe and pleasant while consuming less energy. Commercial boilers are a cost-effective and safe option for commercial buildings. The expanding number of business buildings and the increased need for safety measures will drive demand for commercial boilers, which are an essential component of commercial buildings for heat/steam. According to the Centre for Sustainable Systems, commercial building floor space in the United States is predicted to exceed 124.3 billion square feet by 2050, a 33% increase from 2020. As a result, increased commercial building construction and an increase in safety equipment will propel the commercial boiler market forward.

View More On The Commercial Boiler Market Report 2023 – https://www.thebusinessresearchcompany.com/report/commercial-boiler-global-market-report

Key Commercial Boiler Market Segments

The global commercial boiler market is segmented –

1) By Boiler Type: Fire Tube, Water Tube

2) By Fuel Type: Natural Gas, Oil, Coal, Other Fuel Types

3) By Technology: Condensing, Non-Condensing

4) By Application: Offices, Warehouse And Storage Facilities, Retail Stores, Educational Institutions, Lodgings, Public Assembly Buildings, Healthcare Facilities

 Commercial Boiler Market Prominent Players
Major players in the commercial boiler market are AO Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works Inc., Weil-McLain Solvay SA, Dongfang Electric Corporation Limited, Babcock & Wilcox Enterprises Inc., John Wood Group PLC, Alfa Laval AB, ANDRITZ AG, Robert Bosch GmbH, Sofinter Group, Robert Bosch GmbH, Sofinter Group, Byworth Boilers Limited, Baxi and Cheema Boilers Limited.

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Prominent Commercial Boiler Market Trend
The introduction of novel boiler systems is a crucial trend that is gaining traction in the commercial boiler sector. The commercial boiler industry is experiencing an uptick in innovation trends such as the introduction of low NOx (nitrogen oxide) boilers and high-efficiency boilers with compact designs, decreased carbon footprints, increased efficiency, and ease of installation, among others. These modern commercial boilers provide businesses with greater sales and the possibility to obtain a competitive advantage in the market. For example, Bosch, a global manufacturer of heating goods, will launch its latest commercial boiler series, the Condens 7000 WP, in April 2022. The new series with a fresh design was intended to reduce installation time while increasing ease/convenience. When compared to comparable models, it can save up to 60% on average installation time.

The Commercial Boiler Global Market Report 2023  provides comprehensive insights on the commercial boiler market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the commercial boiler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Commercial Services Global Market Report 2023
Commercial Vehicle Global Market Report 2023
Boiler, Tank, And Shipping Container Global Market Report 2023

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