Commercial Boiler Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Global Commercial 
Boiler Market Research 
and Forecast Report 
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Acco r d ing  t o  t he  l a t e s t  r epo r t  by  I M ARC G r o up ,  t i t l ed  "C omm erc i a l  Bo i l e r  M arke t :  
G l o ba l  I ndu st ry  T re nds ,  Sh are ,  S i ze ,  G row t h ,  O pp or t u n i t y  an d  Fo recas t  20 24 -
2032 , "  t he  g loba l  co m m er c ia l  b o i l e r  m ar k e t  s iz e  r e ache d  US$  1 . 3  B i l l i on  i n  20 23 .
A  c om m er c ia l  bo i l e r  i s  a  p r e ssu r i zed  sys t em  t ha t  p r oduce s  he a t  by  bu r n ing  
com bus t i b le  f u e l  t o  p r ov ide  hea t i ng  in  r es i den t ia l  and  com m er c i a l  bu i l d i n gs .  T hey  
Report con s i s t  o f  b u r ne r s  and  e le c t r i c  c o i l s  t o  ge ne r a t e  hea t  t ha t  i s  t r ans f e r r ed  t o  t he  wa t e r  
by  he a t  exc hang e .  The  s t ea m  o r  ho t  wa t e r  i s  c i r cu la t ed  v ia  p ip es  t h r o ughou t  t he  
Highlight and f ac i l i t y .  
They  a ls o  i nc lud e  o t he r  co m pon en t s  suc h  as  exh aus t  s t acks ,  com bus t i on  cham ber  
and  con t r o l s ,  wh i ch  a r e  essen t i a l  f o r  t he  op t im a l  o pe r a t io n  o f  t he  sys t e m .  
Description Com m er c ia l  b o i l e r s  us ua l l y  r un - on  n a t u r a l  ga s ,  w he r ea s  bo i l e r s  t ha t  bu r n  f u e l  o i l  o r  
em p lo y  e le c t r i c  r e s i s t an ce  co i l s  t o  gene r a t e  he a t  f r o m  e lec t r i c i t y  a r e  a l so  a va i l ab le .  
As  a  r esu l t ,  t hey  a r e  w ide l y  i ns t a l l ed  i n  o f f i ces ,  wa r ehous es ,  e du ca t i ona l  
i ns t i t u t i on s ,  r e t a i l  o u t l e t s ,  an d  ho sp i t a l s .
Reque st  f o r  a  PDF  sam pl e  o f  t h i s  re por t :  
h t t p s : / / www. im ar c g r ou p . com / com m e r c ia l - b o i l e r - m ar ke t / r eques t sam p le
Report Description
G l ob a l  Co mm erc i a l  Bo i l e r  M ar ke t  T rend s :
The  m ar k e t  i s  p r im ar i l y  d r i ven  by  t h e  r i s i ng  num ber  o f  com m er c ia l  and  r es iden t i a l  bu i l d i ngs  t ha t  m anda t e  sa f e t y  r u les  f o r  
hea t in g  e qu ipm en t .  As  a  r e su l t ,  t hey  a r e  ex t e ns i ve l y  em p loye d  i n  co ld  c oun t r i es  f o r  he a t i ng  wa t e r .  Be s ides  t h i s ,  
gove r nm en t s  ac r o ss  va r i ou s  co un t r i es  a r e  t ak in g  i n i t i a t i ves  t o  enc ou r a ge  t he  ado p t i on  o f  ene r gy - e f f i c i en t  so lu t i ons .  They  
a r e  a l so  a im ing  t o  m in im iz e  ca r bon  em is s ions  and  supp o r t  g r ee n  bu i l d ings ,  wh ich  i s  s i gn i f i can t l y  es ca la t i ng  t he  d em an d  
f o r  c om m er c ia l  bo i l e r s .  
I n  a dd i t i o n  t o  t h i s ,  co m m er c ia l  bo i le r  m anu f ac t u r e r s  a r e  i n t e g r a t i ng  sa f e t y  r e l ie f  v a l ves  i n  new v a r i an t s  t o  r e lea se  
exces s i ve  p r es su r e  and  i m pr o ve  p e r f o r m an ce .  They  a r e  a l so  d eve lo p ing  b o i l e r s  w i t h  com pac t  des ig ns  an d  en e r gy -
e f f i c i e n t  a ccess o r ies  i n  ac co r dan ce  w i t h  r egu l a t o r y  s t anda r ds ,  t he r e by  f ac i l i t a t i ng  m ar k e t  g r ow t h .  M o r eov e r ,  t h e  
expan d ing  t ou r i sm  sec t o r ,  r ap id  in dus t r i a l i za t i on  and  hea vy  i n ves t m en t s  i n  r esea r ch  a nd  d eve lo pm en t  ( R& D)  a c t i v i t i es  a r e  
a l so  c r ea t i ng  a  pos i t i ve  m ar ke t  ou t l ook .
Look i ng  f o rw a rd ,  t he  ma rke t  i s  ex pec t e d  t o  reac h  a  va l ue  o f  US$  1 . 8  B i l l i on  by  20 32 ,  ex h i b i t i ng  a  CAG R o f  4%  
dur i ng  t h e  f o r ecas t  pe r i od  ( 2024 - 203 2 ) .
V i ew  Repo r t  T O C,  F i g ures  and  T ab l e s :  h t t ps : / / w w w . i mar cgrou p . com / c omm erc i a l - bo i l e r - mar ke t
Fuel Type Insights:
• Natural  Gas
• Oil
• Coal
• Others
Report Technology Insights:
• Condensing
Segmentation
• Non-Condensing
Capacity Insights:
• Less Than 10 MMBtu/Hr
• 10-50 MMBtu/Hr
• Others
End User Insights:
• Offi ces
• Hospitals
• Educational  Inst i tutions
• Lodging
• Others
Report 
Segmentation Regional Insights:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• Aerco International Inc. (Watts Water 
Technologies)
• Ariston Holding N.V.
• Cleaver-Brooks Inc.
Competitive • Energy Kinetics Inc.
Landscape • Parker Boiler
• PB Heat LLC. (NORITZ Corporation)
with Key • Slant/Fin Corporation
Players • Superior Boiler Works Inc.
• The Fulton Companies
• Vail lant Group
• Weil-McLain (SPX Corporation)
• Wolf GmbH (Centrotec SE)
What was the size of the global commercial boiler 
market in 2023?
What is the expected growth rate of the global 
commercial boiler market during 2024-2032?
What are the key factors driving the global commercial 
boiler market?
Key 
What has been the impact of COVID-19 on the global 
Questions commercial boiler market?
Answered in What is the breakup of the global commercial boiler market based on the fuel type?
the Report What is the breakup of the global commercial boiler 
market based on the capacity?
What is the breakup of the global commercial boiler 
market based on the end user?
What are the key regions in the global commercial 
boiler market?
Who are the key players/companies in the global 
commercial boiler market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  C o m m e r c i a l  B o i l e r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  F u e l  T y p e
    6 . 1     N a t u r a l  G a s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     O i l
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     C o a l
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     O t h e r s   
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  T e c h n o l o g y
    7 . 1     C o n d e n s i n g
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     N o n - C o n d e n s i n g
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
Table of 8    M a r k e t  B r e a k u p  b y  C a p a c i t y    8 . 1     L e s s  T h a n  1 0  M M B t u / H r
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
Contents     8 . 2     1 0 - 5 0  M M B t u / H r        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     O t h e r s
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  E n d  U s e r
    9 . 1     O f f i c e s
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     H o s p i t a l s
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t
    9 . 3     E d u c a t i o n a l  I n s t i t u t i o n s
        9 . 3 . 1  M a r k e t  T r e n d s
        9 . 3 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / c o m m e rc i a l - b o i l e r- m a r ke t / t o c
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