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Europe Commercial Boiler Market Size - By Fuel (Natural Gas, Oil, Coal, Electric), By Technology (Condensing, Non-Condensing), By Product (Hot Water, Steam), By Application (Offices, Lodgings, Retail Stores), Capacity & Forecast, 2023 – 2032

  • Report ID: GMI6917
  • Published Date: Oct 2023
  • Report Format: PDF

Europe Commercial Boiler Market Size

Europe Commercial Boiler Market was valued at USD 5.2 billion in 2022 and is estimated to expand at a CAGR of 7.7% between 2023 and 2032. Stringent government regulation to deploy energy efficient heating technologies along with flourishing commercial sector will energize the industry dynamic. For instance, UK government invested USD 68 billion in 2022 across the commercial real estate sector.

Europe Commercial Boiler Market

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The commercial boiler industry is experiencing growth owing to resurgence in the construction sector and rising investments in infrastructure. This expansion is being propelled by the need for advanced hot water systems with smart space heating technologies, especially in areas with extreme climatic conditions. Additionally, the industry is benefiting from increased consumer awareness and environmental concerns, which are reinforced by regulatory changes aimed at encouraging the adoption of efficient and dependable heating systems.

COVID– 19 Impact

The continuous COVID- 19 pandemic has had a detrimental impact on the local economy. The enforcement of extensive lockdowns has resulted in the shutdown of many businesses and infrastructure projects. Measures like social distancing and limited business operations have created financial challenges for commercial establishments and decreased the use of various spaces. The sectors including retail stores, restaurants, bars, and public gatherings have been severely affected by these lockdown measures, causing delays in planned investments for improving and renovating buildings.

Europe Commercial Boiler Market Trends

The commercial boiler industry has experienced significant growth primarily attributed to increased investments in infrastructure development. This growth has been facilitated by a collaborative effort between private companies and various levels of government in different countries, all working towards the expansion and improvement of commercial centers. Additionally, the increasing need for space heating in commercial establishments has further boosted the demand for these products, solidifying the industry's positive trajectory.

The demand for intelligent space heating systems has risen in response to extreme climatic conditions in specific areas. Furthermore, the escalating emphasis on energy efficiency has driven the adoption of more efficient boiler technologies. The industry is poised for further expansion due to heightened consumer awareness and environmental considerations, bolstered by regulatory reforms that promote the installation of dependable and energy-efficient heating systems.

Europe Commercial Boiler Market Analysis:

 Europe Commercial Boiler Market Size, By Product, 2021 - 2032  (USD Billion)

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The hot water boiler market is set to grow at a rate of 7.7% by 2032. The increasing utilization of affordable and effective systems to fulfill water heating and storage requirements in the commercial sector will positively impact the adoption of these products. The ease of installation, affordable initial expenses, and the increasing incorporation of digital systems to improve monitoring and accessibility are notable characteristics that encourage the implementation of these systems.

Europe Commercial Boiler Market Revenue Share, By Capacity, 2022

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The > 10 - 50 MMBtu/hr boiler industry holds a market share of over 25% in 2022. The industry is set to witness an appreciable momentum on account of increasing demand for energy-efficient space and water heating technologies. These products are becoming more widely used in warehouses and the lodging sector, and there is a growing trend of replacing traditional heating systems with these newer, more efficient options. Additionally, ongoing investments in the expansion of commercial establishments and the renovation of healthcare facilities are expected to further boost Europe commercial boiler market growth.

The preference for condensing boiler over other available alternatives is driven by their ability to minimize environmental pollution, achieve high efficiency, and lower heating costs. Moreover, the increasing emphasis on reducing carbon footprints and conserving energy will augment the business landscape.

The gas fired boiler market is set to surpass USD 4.5 billion by 2032. The growing shift towards embracing sustainable technologies, combined with the enforcement of government regulations aimed at reducing carbon emissions, will have a favorable impact on business growth. The strong progress in the construction of eco-friendly buildings, along with the continuous replacement of older boiler units, will positively sway the business dynamics.

Based on application, the healthcare sector's favorable prospects, coupled with increasing demand for diagnostic centers, will drive the business outlook. The ongoing expansion and modernization of current healthcare facilities, in line with surging replacement of outdated heating units will foster the industry potential.

UK Commercial  Boiler Market Size, 2021 - 2032 (USD Million)

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  • The UK commercial boiler industry was valued at over USD 983 million in 2022. The thriving commercial sector, which is keeping pace with the rapid growth of educational institutions, is set to have a positive influence on the business environment.
  • The nation is undergoing a significant shift toward low-carbon and more energy-efficient technologies, which in turn will accelerate the industry potential. Furthermore, the continuous expansion of current medical facilities, combined with the rising hospitality industry, will enhance the business landscape.

Europe Commercial Boiler Market Share

The key participants in the Europe commercial boiler industry adopt various strategies to maintain and expand their market share. These strategies are often driven by factors comprising of market competition, technological advancements, regulatory changes, and customer demands. The major players operating across the market include

  • Babcock & Wilcox Enterprises, Inc.
  • Hurst Boiler & Welding Co, Inc.
  • Cleaver-Brooks
  • Fonderie Sime S.p.A.
  • Bosch Thermotechnology Ltd.
  • Weil-McLain
  • Thermal Solutions LLC
  • Bradford White Corporation
  • Slant/Fin Corporation
  • A.O. Smith
  • Ariston Holding N.V.
  • Vaillant Group
  • Clayton Industries
  • The Fulton Companies
  • Babcock Wanson

Vaillant has a significant market presence in Europe, where they are known for their high-quality commercial heating solutions. They have a long history of providing efficient and reliable boilers for commercial and industrial applications. The company has a reputation in developing energy-efficient and environmentally friendly heating solutions, which is essential in the commercial sector where energy costs and sustainability are significant concerns.

Europe Commercial Boiler Market News:

  • In July 2022, Bosch launched the ELSB series of electric steam boilers, addressing the growing need for both residential and commercial applications. This innovative series operates solely on electricity, following the power-to-heat principle, eliminating the necessity for flue gas components, chimneys, or a fuel supply infrastructure. The ELSB boiler is designed to promote carbon-neutral technology while incorporating advanced features such as lowered emissions and enhanced efficiency.
  • In November 2021, VIESSMANN initiated the H2-ready boiler program with the aim of developing wall-mounted boilers compatible with pure hydrogen. The inaugural real-world application of these boilers is scheduled for early 2023 in Kaisersesch, Germany, as part of the SmartQuart project supported by the German Federal Ministry of Economics. VIESSMANN is actively engaged in crafting prototypes for this pilot endeavor, which will coincide with the establishment of a comprehensive hydrogen infrastructure.

This Europe commercial boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2019 to 2032, for the following segments:

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By Fuel

  • Natural Gas
  • Oil
  • Coal
  • Electric
  • 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
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others

The above information has been provided for the following countries:

  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Austria
  • Germany
  • Sweden
  • Russia


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial boiler in Europe was worth USD 5.2 billion in 2022 and is estimated to surpass USD 10.9 billion by 2032.

The hot water boiler segment is set to record over 7.7% CAGR from 2023 to 2032, owing to the increasing utilization of affordable and effective systems to fulfill water heating and storage requirements in the commercial sector.

The UK commercial boiler market surpassed USD 983 million in 2022 and is expected to grow through 2032, as the thriving commercial sector is keeping pace with the rapid growth of educational institutions in the region.

Babcock & Wilcox Enterprises, Inc., Hurst Boiler & Welding Co, Inc., Cleaver-Brooks, VIESSMANN, FONDITAL S.p.A., Bradford White Corporation, PARKER BOILER, Slant/Fin Corporation, A.O. Smith, Ariston Holding N.V., Vaillant Group, Clayton Industries, The Fulton Companies, and Babcock Wanson.

Europe Commercial Boiler Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 702
  • Countries covered: 9
  • Pages: 280
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