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Asia Pacific Low Temperature Commercial Boiler Market
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Asia Pacific Low Temperature Commercial Boiler Market Size
Asia Pacific Low Temperature Commercial Boiler Market was valued at USD 1.65 billion in 2023 and is estimated to grow at a CAGR of 6.6% from 2024 to 2032. Increasing government expenditure across the education sector coupled with substantial investments from both public and private sources will augment the business scenario.
To get key market trends
A low temperature commercial boiler is a heating system engineered to function with lower water temperatures compared to conventional boilers. Typically operating at medium pressure, they maintain a temperature range between 120°F to 180°F. These systems find application in buildings requiring efficient heating solutions. By attaining enhanced energy efficiency and lowering fuel consumption, they offer environmentally conscious and economical heating solutions for expansive spaces.
Asia Pacific Low Temperature Commercial Boiler Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2023 |
| Market Size in 2023 | USD 1.65 Billion |
| Forecast Period 2024 to 2032 CAGR | 6.6% |
| Market Size in 2032 | USD 3.03 Billion |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Asia Pacific Low Temperature Commercial Boiler Market Trends
The shift from fossil fuels to decarbonized alternatives along with rapid adoption of clean energy technologies is poised to drive the business growth. Growing consumer preference for energy-efficient heating systems coupled with ongoing renovations of commercial buildings, will boost the industry dynamics. Strict government regulations aimed at reducing carbon emissions, in tandem with the increasing adoption of multiple units to enhance reliability, will shape the boiler market.
Asia Pacific Low Temperature Commercial Boiler Market Analysis
Learn more about the key segments shaping this market
The > 140°F - 160°F low temperature commercial boiler will exceed over USD 800 million by 2032. The growing inclination toward upgrading current heating systems to comply with energy efficiency regulations and stringent building codes is poised to have a beneficial effect on the business environment. The consumers are progressively adopting advanced heating systems that align with green building standards and LEED certification criteria, thereby enhancing the business opportunities. Additionally, the implementation of emission control measures by both federal & regional authorities will drive the adoption of these units.
Learn more about the key segments shaping this market
The > 10 - 50 MMBtu/hr low temperature commercial boiler market size will witness growth rate of over 6% through 2032. The growing demand for centralized heating and cooling systems in large-scale commercial buildings, including warehouses, hospitals, and multiplexes is set to drive the industry expansion. Optimistic forecasts for the service sector in various countries have led to heightened investments in new construction projects, further bolstering the industry's prospects across the region.
Looking for region specific data?
China low temperature commercial boiler market is set to surpass USD 1.2 billion by 2032. The ongoing surge in commercial construction coupled with the expansion of the construction sector is set to drive business dynamics forward. This product boasts considerable benefits including swift and cost-efficient installation, enhanced efficiency, minimal maintenance, and heightened safety measures, accelerating the business growth. Increasing foreign investments coupled with continued collaborations among regional governments focused on improving school infrastructure will shape the business environment.
Flourishing manufacturing sector along with the increasing focus on energy efficiency will fuel the Japan low temperature commercial boiler market. Stringent environmental regulations along with the push toward sustainable energy solutions will propel the adoption of advanced boiler technologies. Additionally, the government's initiatives to promote clean energy and reduce greenhouse gas emissions incentivize the adoption of eco-friendly boiler systems.
Asia Pacific Low Temperature Commercial Boiler Market Share
Cleaver-Brooks is a renowned leader in the commercial boiler industry, recognized for its innovative solutions and unparalleled expertise. The company has established itself as a trusted provider of boiler systems, offering a comprehensive range of products tailored to meet diverse commercial needs. Their offerings include firetube boilers, watertube boilers, heat recovery steam generators, and integrated boiler systems, all engineered to deliver optimal efficiency, reliability, and sustainability. Its commitment to innovation is evident in their advanced technologies such as the Cleaver-Brooks ClearFire boiler series, renowned for its compact design, high turndown capability, and low emissions.
Asia Pacific Low Temperature Commercial Boiler Market Companies
Eminent players operating in the Asia Pacific low temperature commercial boiler industry include:
- Ariston Holding N.V.
- Babcock & Wilcox Enterprises, Inc.
- Bradford White Corporation
- Clayton Industries
- Cleaver-Brooks
- FERROLI S.p.A
- Hoval
- Hurst Boiler & Welding Co, Inc.
- Miura America Co., LTD.
- PARKER BOILER
- Slant/Fin Corporation
- The Fulton Companies
- VIESSMANN
- Vaillant Group
- Weil-McLain
Asia Pacific Low Temperature Commercial Boiler Industry News
- In October 2023, Cleaver-Brooks unveiled a video spotlighting the ClearFire CE boiler, the CFC-E boasts an astounding efficiency of up to 99% thanks to its revolutionary TurboFer heat exchanger technology. The Director of Hydronics at Cleaver-Brooks, Catie VanWormer, PE, LEED AP, highlights the industry-leading firetube design, turbulent flow, and increased heat transfer surface area of the ClearFire-CE with TurboFer as reasons for its unrivalled performance in heat transfer. With a 10:1 turndown standard on all capacities, this environmentally friendly boiler supports up to 20% hydrogen-blended natural gas and renewable natural gas, making it adaptable for a range of hydronic applications.
- In May 2023, Hurst Boiler & Welding Company has solidified a strategic sales representative agreement with Nationwide Boiler, designating Nationwide Boiler as the authorized representative for Hurst Boiler in California and the Greater Houston Area of Texas. This collaboration serves to broaden its presence and grants customers in these regions access to an extensive range of equipment from the Hurst product line. This partnership enables customers to leverage Hurst's well-established proficiency and diverse offerings tailored to their individual industry requirements.
This Asia Pacific low temperature commercial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD Million” from 2021 to 2032, for the following segments:
Market, By Temperature
- ≤ 120°F
- > 120°F - 140°F
- > 140°F - 160°F
- > 160°F - 180°F
Market, 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
Market, By Fuel
- Natural Gas
- Oil
- Coal
- Others
Market, By Technology
- Condensing
- Non-Condensing
Market, By Application
- Offices
- Healthcare Facilities
- Educational Institutions
- Lodgings
- Retail Stores
- Others
The above information has been provided for the following countries:
- China
- India
- Philippines
- Japan
- South Korea
- Australia
- Indonesia
Frequently Asked Question(FAQ) :
Who are the key leaders in the low temperature commercial boiler industry in Asia Pacific?
Cleaver-Brooks, FERROLI S.p.A, Hoval, Hurst Boiler & Welding Co, Inc., Miura America Co., LTD., PARKER BOILER, Slant/Fin Corporation, The Fulton Companies, VIESSMANN, Vaillant Group, and Weil-McLain, are some of the major low temperature commercial boiler companies from Asia Pacific.
What is the size of the China low temperature commercial boiler market?
China low temperature commercial boiler industry is expected to surpass USD 1200 million by 2032 due to ongoing surge in commercial construction coupled with the expansion of the construction sector in the country.
Why is the demand for > 140
Asia Pacific low temperature commercial boiler industry from the > 140
How big is the Asia Pacific low temperature commercial boiler market?
Asia Pacific market for low temperature commercial boiler was reached USD 1.65 billion in 2023 and is expected to register 6.6% CAGR from 2024 to 2032, owing to the increasing government expenditure across the education sector coupled with substantial investments in the region.
