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Commercial Electric Boiler Market Share

  • Report ID: GMI5402
  • Published Date: Nov 2022
  • Report Format: PDF
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Commercial Electric Boiler Market Share

Top participants operating in the commercial electric boiler industry are

  • Acme Engineering Products Ltd.
  • S.A.S Lacaze Energies
  • Lochinvar
  • Cleaver-Brooks, Inc.
  • Flexiheat UK Ltd.
  • Vattenfall AB
  • LAARS Heating Systems Co.
  • Electro Industries, Inc.
  • Precision Boilers
  • Klöpper-Therm GmbH & Co. KG
  • Hi-Therm Boilers Pvt. Ltd.
  • Värmebaronen
  • The Fulton Companies
  • Cochrane Engineering
  • Thermon
  • Danstoker A/S
  • Thermona
  • spol. s.r.o.
  • Ecotherm Austria GmbH
  • Slant/Fin Corporation
  • ACV
  • Kospel spó?ka z o.o.
  • Bosch Industriekessel GmbH
  • Chromalox
     

These leaders majorly engage in strategic acquisitions & partnerships and improving their output to strengthen their market standing in the coming years. For instance, in June 2021, Vattenfall, a Swedish power company, announced the construction of 150 MW power to heat electric boilers at its heat & power plant in Diemen, Amsterdam, according to the SDE+ scheme. In addition, the company also works on various sustainable heat resources, including geothermal, biomass, aqua thermal heat, and data center heating.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial electric boiler crossed USD 1.5 billion in 2023 and is set to progress at more than 15.5% CAGR through 2032 due to changing climatic conditions, high demand for space heating across commercial establishments, and favorable incentives to encourage the use of environment-friendly products.

The offices application segment is primed to grow at over 15% growth rate between 2023 and 2032 owing to the growing urbanization rate, coupled with the implementation of stringent emission norms.

The steam segment is projected to surpass USD 2 billion in revenue by end of 2032 as a result of the beneficial features of steam boilers viz., low emissions, fast start-up & shut down, and silent operation.

The Europe held more than 50% of the market revenue share in 2022 on account of rapid urbanization and robust investments across the commercial sector in the region.

Commercial Electric Boiler Market Scope

  • Commercial Electric Boiler Market Size
  • Commercial Electric Boiler Market Analysis
  • Commercial Electric Boiler Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 21
    • Tables & Figures: 1182
    • Countries covered: 31
    • Pages: 635
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