Dallas, Texas, Oct. 13, 2022 (GLOBE NEWSWIRE) -- The global commercial boilers market has witnessed a significant surge recently due to the ongoing replacement and modernization of conventional heating systems. A few of the key drivers of industrial growth are the expanding efforts to reduce GHG emissions and the expanding application of rigorous environmental regulations. A few key benefits provided by the technology that will further complement the trends in the worldwide market are low operating costs and great heating efficiency.
The adoption of steam boilers is being aided by a number of unfavorable issues, including the high maintenance costs, poor performance, and high emission content of conventional boiler systems. The industry is growing primarily as a result of stricter safety regulations for heating equipment, an increase in the number of commercial buildings, and the installation of safety relief valves in both oil as well as new boilers to reduce excessive pressure and boost performance and efficiency.
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Along with these factors, the market situation is anticipated to grow during the analysis timeframe due to the rising demand for energy-efficient boilers and space heating in commercial buildings. Major governments all over the world are making investments in the construction of educational facilities like universities, schools, colleges, and libraries, which will expand the commercial boilers market.
This report centers about the top players in global Commercial Boiler marketplace:
A.O. Smith Corporation
Bosch Thermotechnology
Cochran Limited
Cleaver-Brooks
Fulton Boiler Company
Parker Boiler
Slant/Fin Corporation
Superior Boiler Works Inc.
Vaillant Group
Commercial boilers are pressure systems that use electricity or combustible fuel to heat water, which is then used to heat commercial buildings. Heat is produced within the boilers by electric coils or burners, which are then transported to the water by heat exchangers. The procedure generates either hot water or steam, depending on the type of boiler. Steam or hot water is distributed throughout the building using pipes. Radiators or other components are filled with steam or water, which maintains the warmth and comfort of the room.
The global commercial boilers market is anticipated to grow at a CAGR of 4% over the course of the forecast period, from a current value of US$ 1.99 billion to US$ 3.06 billion by 2032.
Commercial Boiler Market by Fuel Type
• Oil
• Coal
• Others
Commercial Boiler Market by Technology
• Condensing
• Non-Condensing
Commercial Boiler Market by Capacity
• Less than 10 MMBtu/hr
• 10-50 MMBtu/hr
• Others
Commercial Boiler Market by End-User
• Offices
• Hospitals
• Educational Institutions
• Lodging
• Others
The commercial boiler market is dominated by the natural gas segment in terms of fuel during the anticipated timeframe. Natural gas is more frequently used in commercial boilers than solid fuel because it increases overall efficiency and lowers dangerous gas emissions. The use of combustion boilers powered by natural gas is therefore encouraged by the government.
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The Market is predicted to grow at the highest CAGR in the Asia-Pacific region. In order to address the expanding need for thermal energy across end-use sectors, commercial boilers are in high demand in nations like China, India, and Japan. The region has tremendous growth potential for commercial boilers that produce high-pressure and temperature steam because it is the largest consumer of chemicals.
In June 2019, Joulon Group, a firm that provides comprehensive asset management services to its customers in the energy industry, purchased The Harris Pye Group, a company that specializes in the industrial, offshore oil and gas, and marine sectors. The Joulon Group will have access to a project management platform as a result of the acquisition. Additionally, it will affect the vast majority of Joulon platforms.
Table of content of Commercial Boiler Market :
1. Introduction
2. Research Methodology
3. Market Outlook
4. Global Commercial Boiler Market by Fuel Type, 2019-2029 (USD Billion)
5. Global Commercial Boiler Market by Technology, 2019-2029 (USD Billion)
6. Global Commercial Boiler Market by Capacity, 2019-2029 (USD Billion)
7. Global Commercial Boiler Market by End-User, 2019-2029 (USD Billion)
8. Global Commercial Boiler Market by Region, 2019-2029 (USD Billion)
North America
The US
Canada
Europe
The UK
Germany
France
Rest of Europe
The Asia Pacific
China
Japan
India
Rest of Asia Pacific
South America
Brazil
Mexico
Rest of South America
The Middle East & Africa
9. Competitive Landscape
10. Company Profiles
11. Appendix
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