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 facilities, Retail Stores, Educational Institutions, Lodgings, Public Assembly Buildings, Healthcare Facilities, Others), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jun 2021  |  Report ID: GMI1564  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 990   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

U.S. commercial boiler market size was estimated at over USD 1.5 billion in 2020 and is set to register over 4.4% CAGR between 2021 and 2027. Ongoing shift toward the installation of high efficiency water heating systems will intensify the market demand for commercial boilers. Soaring investments toward the establishment of sustainable buildings will propel the market statistics of commercial boiler units.
 

U.S. commercial boiler market

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In the recent past, U.S. commercial boiler industry has witnessed considerable growth on account of ongoing upgradation & replacement of traditional heating systems. Rising efforts to curb carbon emission along with growing adoption of stringent policies are some of the key factors boosting the industry statistics. High heating efficiency coupled with low operating cost will further stimulate the U.S. 7+market trends.
 

However, the outburst of COVID-19 has majorly hit the global economy including various industries. Corresponding governments across the globe had imposed stringent lockdown which led to shutdown of several residential and commercial infrastructure projects. This has clearly affected the growth of few business including U.S. commercial boiler market. However, numerous pharmaceutical companies have introduced vaccines for the COVID-19, and it is anticipated that the market share of commercial boiler industry will rebound back to its normalcy by first half of FY 2021.
 

The study determines a detailed analysis of industry trends across the U.S. segmented on a regional basis across technology, capacity, fuel, product and application. Furthermore, the market estimates & forecasts are completely aligned with the data signified by government authorities including the California Energy Commission, Office of Energy Development, Utah, American Boiler Manufacturers Association (ABMA), International Trade Administration, Environmental Protection Agency (EPA), Department of Energy (DOE), Power Magazines and company reports
 

Expanding gas network will stimulate the natural gas-based U.S. commercial boiler market share

U.S. Commercial Boiler Market

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Gas fired commercial boilers of U.S. market is anticipated to witness over 4% CAGR through 2027. Ongoing focus toward the adoption of cleaner fuels has propelled the deployment of gas-fired boiler systems. The government has implemented strict norms & mandates pertaining to carbon emissions associated with the combustion of fossil fuels, which has complemented the adoption of these units. In addition, the presence of a robust gas supply network across the region will further enhance the business growth.
 

Wide range of applications across various commercial establishments to drive the market demand for ≥ 0.3 - ≤ 2.5 MMBtu/hr. capacity boilers

U.S. Commercial Boiler Market

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≥ 0.3 - ≤ 2.5 MMBtu/hr. capacity boilers are projected to register over 3% CAGR between 2021 and 2027. These commercial boilers find wide range of applications across several non-residential buildings including educational institutions, public assembly buildings, lodgings, retail stores, and healthcare facilities, this will enhance the market demand for ≥ 0.3 - ≤ 2.5 MMBtu/hr. capacity boilers. Ease of installation, low maintenance cost, and its ability to deliver instant hot water are some of the paramount features, which will increase the adoption of these boilers over other available alternatives.
 

Lower fuel consumption and enhanced energy efficiency are the key factors driving the market demand for condensing commercial boilers

U.S. Commercial Boiler Market

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Condensing commercial boilers are expected to witness over 13% CAGR through 2027. U.S. commercial boilers have witnessed a significant rise in the installation of condensing boiler on account of soaring market demand for space & water heating systems. Introduction of favorable mandates and policies pertaining to rebates and tax incentives will further accelerate the product penetration across the nations. Low carbon footprint, minimal heating costs and enhanced energy efficiency are few of the vital features, which will augment the industry outlook.
 

Rising adoption of cost effective and efficient water heating systems across commercial sector will enhance hot water-based U.S. commercial boiler market trends

Hot water boiler industry is gaining huge momentum on account of growing deployment across commercial establishments. Growing adoption of highly efficient and cost-effective systems to meet the water heating & storage needs across the commercial sector will positively influence the product adoption during the forecast timelines. Low acquisition costs, ease of installation, and increasing integration of digital systems to enhance monitoring capabilities are some of the prominent features which will further favor the deployment of commercial boiler units.
 

Growing consumer behavior toward travelling will enhance the U.S. commercial boiler market share from lodging sector

Lodging sector from the U.S. commercial boiler industry was valued at over USD 150 million in 2020. In the recent past, hospitality industry has witnessed considerable growth on account of rising consumer behavior toward domestic & international travelling. Significant rise in the infrastructural expansion including the revamp of existing commercial buildings will positively drive the market demand for commercial boiler units.
 

Flourishing hospitality sector will stimulate the market demand for commercial boilers across South Atlantic region

U.S. Commercial Boiler Market

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South Atlantic commercial boiler market is projected to witness over 4% CAGR between 2021 and 2027. Rising hospitality sector along with the expansion of existing medical facilities will drive the product demand during the forecast period. The expansion of existing retail stores coupled with the replacement of traditional heating units will stimulate the market statistics.
 

Development of innovative and energy efficient heating systems acting as the pivotal point for key market players

The eminent market players are focusing on technological advancements in their heating systems to meet the customer’s need which will assist in expanding their market share. Moreover, rising R&D activities coupled with strategic alliances and partnerships are a few of the imperative strategies selected by the market players to achieve a competitive edge in the U.S. commercial boiler market.
 

The major players outlined in the U.S. commercial boiler market report include Miura America, Weil-Mclain, Babcock & Wilcox Enterprises, Cleaver-Brooks, Unilux Advanced Manufacturing, Parker Boiler, RBI Boiler, Clayton Industries, and York-Shipley 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’ & ‘USD” from 2017 to 2027, 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
  • Steam

By Application

  • Offices
  • Warehouse & storage facilities
  • Retail Stores
  • Educational Institutions
  • Lodgings
  • Public Assembly Buildings
  • Healthcare Facilities
  • Others

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

  • 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 DC
  • 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

 

Frequently Asked Questions (FAQ) :

U.S. market size for commercial boiler had surpassed USD 1.5 billion in 2020 and will register a CAGR of over 4.4% through 2027.
Gas fired commercial boilers market in the U.S. will observe a CAGR of over 4% CAGR through 2027 with increasing focus on the adoption of cleaner fuels.
Condensing commercial boilers segment will observe a CAR of over 13% through 2027 with increasing installation of condensing boiler driven by soaring market demand for space and water heating systems.
South Atlantic commercial boiler market will record a CAGR of over 4% through 2027 owing to expanding hospitality sector along with growing medical facilities in the region.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 990
  • Tables: 2096
  • Charts / Figures: 48
  • Companies covered: 27
  • Countries covered: 52

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