U.S. Commercial Boiler Market By Fuel (Natural Gas, Oil, Coal, Others), By Capacity (0.3 – 2.5 MMBtu/hr, 2.5 – 10 MMBtu/hr, 10 – 50 MMBtu/hr, 50 – 100 MMBtu/hr, 100 – 250 MMBtu/hr), By Technology (Condensing, Non-Condensing), By Product (Hot Water, Steam), By Application (Offices, Warehouse & Storage, Retail, Education, Lodgings, Public Assembly, Healthcare, Others), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

U.S. Commercial Boiler Market size was valued at over USD 1.6 Billion in 2019 and its annual installation is anticipated to exceed 69,000 units by 2026. Growing investments toward developing green building infrastructure will boost market demand of efficient boiler systems. The natural gas fired boiler systems hold majority of the market share in 2019.
 

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The boilers are closed metallic vessels that are used to provide steam and hot water for numerous applications. These systems transfer heat to water, which is then circulated through various devices including radiators for heating purposes. The boilers find wide application in commercial sector for providing hot water and also deployed as a heating device to heat the building structures during winter season.
 

The conventional boiler systems comprise heating coils or a furnace where different fuels including natural gas, coal or oil are burnt to heat the water passing through the vents. The water is then circulated throughout the space that is required to heat. The natural gas fueled boilers are considered as the most technologically advanced and clean boiler on account of their lower emission properties as compared to other oil or coal fueled boilers.
 

Although, due the outbreak of Corona virus, a significant economic downturn has incurred during the first quarter of 2020, which has disrupted the U.S. commercial boiler market trends. Stringent governmental reforms have been imposed to shut down manufacturing units of all unessential products across the nation, which in turn has negatively impacted the industry growth for commercial boiler and heaters. However, after the end of pandemic situation, the market size across U.S. is anticipated to expand substantially with the recommencement of the new infrastructure projects.
 

The U.S. commercial boiler industry report covers detailed analysis of the industry trends that are segmented on a regional basis across fuel, capacity, technology, and application levels. Moreover, reported market forecasts & estimates are aligned with the data represented by state and federal authorities including the International Energy Agency (IEA), The United Nations Conference on Trade and Development (UNCTAD), The United Nations Industrial Development Organization (UNIDO), California Energy Commission and company annual reports.
 

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Competitive pricing structure coupled with lower emission rate will augment the requirement for natural gas fueled commercial boiler systems.

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Gas-fired boilers utilize natural gas or propane as a primary fuel and constitutes for more than half of the market share in U.S. commercial boiler market. In the past decade, competitive natural gas prices coupled with the inclination toward the adoption of sustainable technologies have significantly increased the market demand for the natural gas fired boilers across the region.
 

The ease-of-extraction and robust gas supply networks in the country are some of the primary factors which makes its adoption preferable. Stringent government norms pertaining to the adoption of low-emission fuels will further act as a major driving factor for the deployment of natural gas-fired heating systems, thereby complimenting the U.S. market growth.
 

Rising demand for efficient heating technology across small commercial buildings and offices will augment the adoption of 0.3-2.5 MMBtu/hr systems

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0.3-2.5 MMBtu/hr. capacity commercial boilers market in the U.S. is anticipated witness substantial growth of over 10% during the forecast period. These boilers find wide applications across various commercial establishments including public assemblies, lodgings, offices, schools, institutions, retail centers, and healthcare facilities. Low initial investment and maintenance cost, ease-of-installation, and the ability to provide instant hot water and steam are some of the prominent features, which make the adoption of low-capacity boilers favorable over other available alternatives.
 

Moreover, compact size, easy maintenance and long service life are some key features boosting the market penetration for .03-2.5 MMBtu/hr commercial boiler systems. Increasing investment in commercial sector across the nation will propel a demand for efficient space heating solution, thus proliferating the market demand of the commercial boiler systems.
 

Stringent environmental policies to reduce the carbon footprint will drive the market demand for condensing boiler technology

Condensing commercial boiler market size across the U.S. was valued at over USD 390 million in 2019. The technology on account of its reduced environmental pollution, high efficiency, and low heating costs is gaining wide adoption across the region significantly. In the U.S., the growing focus toward the reduction of carbon footprints and energy conservation will positively influence the product penetration over the forecast period.
 

The Environmental Protection Agency (EPA) has introduced National Emission Standards for Hazardous Air Pollutants (NESHAP) with an aim to monitor emissions from boilers. These standards have resulted in the growing replacement of existing boiler units with condensing boilers.
 

High efficiency coupled with ability to comply with strict building standards will augment the deployment for hot water boiler systems

Hot water boiler industry is gaining wide momentum on account of growing deployment of various new various commercial establishments. Organizations are replacing their existing systems in order meet the energy efficiency guidelines and stringent building standards and codes. In addition, to comply with the provisions of green building and the guidelines of LEED certification, the consumers are more focused towards adopting new and sustainable heating systems which in turn is creating new growth opportunities for U.S. commercial boiler market.
 

Growing demand of cost effective and efficient systems to cater the water heating & storage requirement across the commercial sector will positively influence the product adoption and augments the U.S. commercial boiler industry outlook. Ease of installation, low acquisition costs and growing integration of digital systems to enhance monitoring and access capabilities are some of the other eminent features favoring the deployment of these units.
 

Increasing disposable income coupled with growing investments for upgradation of existing stores will propel market demand across retail sector

The retail sector includes showrooms, malls, and shopping centers. Major boiler application in retail industry include space heating and maintaining storage temperatures for products. The robust consumer demand post-2008 recession for manufactured products and the development of new commercial centers have stimulated the demand for commercial boilers across the retail stores.
 

The growing investment in retail outlets on account of growing disposable income and improving lifestyle preference have generated growth opportunities for U.S. commercial boiler market with further deployment of commercial boiler across the retail stores. The upgradation and expansion of existing establishments will further boost the product penetration.
 

Increasing disposable incomes along with expanding commercial tourism infrastructure across Mountain States will complement the industry growth

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In 2019, Mountain states accounted for over 6% of the market share. These states are characterized by high summer temperatures and harsh winter temperatures resulting in highly seasonal space heating demand. The U.S. commercial boiler market will witness a significant growth from Mountain States on account of growing disposable incomes and expansion of tourism throughout winter season.
 

Increasing tourism sector in the region will stimulate the industry growth owing to a consistent hot water demand from the hospitality sector. Moreover, development in the educational sector across the state will propel a demand for efficient heating systems in the institutions, complementing the deployment of commercial boiler systems.
 

Product innovation and business acquisition strategy acting as the focal point of market players

The eminent market players are focusing on developing new products with advanced features to enhance their market share in the U.S. commercial boiler industry. In addition, mergers and acquisitions are among the key strategies followed by the leading market players to gain a competitive edge in the global industry. Moreover, leading market participants are focusing toward backward & forward integration by manufacturing commercial boiler components to achieve economies of scale and increase their U.S. commercial boiler market share.
 

The prominent players profiled in the market report includes Burnham Holdings, Inc., Weil-McLain, Precision Boilers, A. O. Smith, Bradford White Corporation (BWC), Easco Boiler Corp, Johnston Boiler Company, Babcock and Wilcox Enterprises, Inc., amongst others.
 

U.S. commercial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units, ‘MMBtu/hr’ and ‘USD” from 2015 to 2026, for the following segments:

By Fuel

• Natural gas
• Oil
• Coal
• Others

By Capacity

• 0.3-2.5 MMBtu/hr
• 2.5-10 MMBtu/hr
• 10-50 MMBtu/hr
• 50-100 MMBtu/hr
• 100-250 MMBtu/hr

By Technology

• Condensing
• Non Condensing

By Product

• Hot water
• Non condensing

By Application

• Offices
• Warehouse and storage
• Retail
• Education
• Lodgings
• Public Assembly
• Healthcare
• Others

The above information has been provided for the following regions and states:

• East North Central
  • Illinois
  • Indiana
  • Michigan
  • Ohio
  • Wisconsin
• West South Central
  • Arkansas
  • Louisiana
  • Oklahoma
  • Texas
• South Atlantic
  • Delaware
  • Florida
  • Georgia
  • Maryland
  • North Carolina
  • South Carolina
  • Virginia
  • West Virginia
  • Washington D.C.
• North East
  • Connecticut
  • Maine
  • Massachusetts
  • New Hampshire
  • Rhode Island
  • Vermont
  • New Jersey
  • New York
  • Pennsylvania
• East South Central
  • Alabama
  • Kentucky
  • Mississippi
  • Tennessee
• West North Central
  • Iowa
  • Kansas
  • Minnesota
  • Missouri
  • Nebraska
  • North Dakota
  • South Dakota
• Pacific States
  • Alaska
  • California
  • Hawaii
  • Oregon
  • Washington
• Mountain States
  • Arizona
  • Colorado
  • Utah
  • Nevada
  • New Mexico
  • Idaho
  • Montana
  • Wyoming