Europe Commercial Hot Water Boiler Market Size - By Fuel (Natural Gas, Oil, Coal, Electric) By Capacity, By Technology (Condensing, Non-Condensing), By Application & Forecast, 2024 – 2032

Europe Commercial Hot Water Boiler Market Size

Europe Commercial Hot Water Boiler Market size was valued at USD 3.62 billion in 2023 and is set to grow at a CAGR of 8.1% between 2024 and 2032. Increasing urbanization rate and population growth will create demand for commercial buildings requiring hot water heating systems, stimulating the business outlook. For instance, in 2023, over 70% Germany's population resided in urban areas and cities.
 

A commercial hot water boiler is a type of heating equipment designed to heat water for various commercial applications. These boilers come in various sizes and configurations to meet the specific needs of different businesses and industries. It typically consists of a closed vessel or tank where water is heated and circulated through pipes or radiators to distribute heat. These units play a crucial role in maintaining comfort, sanitation, and operational efficiency in commercial settings.
 

Europe Commercial Hot Water Boiler Market Trends

Rising government expenditures and substantial investments from both public and private sectors in the healthcare industry will create a favorable business environment. Strict regulatory measures by governments to reduce carbon emissions coupled with the increasing adoption of multiple boilers to enhance reliability will significantly impact the industry landscape. The product boasts several advantages including reduced installation time and costs and high efficiency, which will further boost the boiler market.

Europe Commercial Hot Water Boiler Market Analysis

The ≤ 0.3 - 2.5 MMBtu/hr capacity segment is poised to reach over USD 350 million by 2032. The industry is poised for growth owing to increasing foreign investments in commercial facility development and the widespread replacement of traditional heating units. The demand for these units is especially robust in countries where governments have implemented stringent regulations to lessen reliance on fossil fuels. The widespread adoption of these units in establishments comprising of assembly spaces, hotels, offices, schools, institutions, retail centers, and healthcare facilities will propel the business growth.
 

The condensing commercial hot water boiler market size will witness over 11% CAGR from 2024 to 2032. These systems are set to gain significant traction on account of its key advantages, including reduced environmental pollution, high efficiency, and lower heating costs. Additionally, the shift in government focus toward reducing carbon footprints and conserving energy will positively impact the adoption of this systems. Governments, organizations, and businesses are implementing measures to decrease energy consumption and mitigate greenhouse gas emissions which in turn will accelerate the product deployment.
 

U.K. commercial hot water boiler market is expected to surpass USD 1.5 billion by 2032. Rising adoption of energy-efficient technologies and increasing demand for hot water in commercial establishments will escalate the business outlook. The increasing emphasis on energy efficiency and environmental sustainability has led to a rising demand for advanced heating solutions. Furthermore, the surging replacement of conventional heating units with modern eco-friendly alternatives will drive the industry potential.
 

The government's strong emphasis on reducing carbon emissions and promoting renewable energy sources will amplify the Netherlands market. increasing awareness of environmental issues and a proactive approach to sustainability will positively sway the business growth. Robust expansion of commercial establishments along with increasing consumer concern toward the adoption of energy efficient heating technologies will energize the industry dynamic.
 

Europe Commercial Hot Water Boiler Market Share

Bosch Industriekessel is one of prominent leaders in delivering innovative solutions across various industries worldwide. With a focus on power generation, energy solutions, and engineering services, Bosch Industriekessel GmbH offers a comprehensive range of cutting-edge products and services to meet the diverse needs of its clients. Renowned for its commitment to sustainability and customer satisfaction, the company continuously strives to push the boundaries of innovation, driving improvements in performance, efficiency, and environmental responsibility.
 

Europe Commercial Hot Water Boiler Market Companies

The key industry players include:

• Attsu
• Babcock Wanson
• Bosch Industriekessel GmbH
• Cleaver-Brooks
• Danstoker
• ENTROPIE GmbH
• FERROLI S.p.A
• HKB Boilers
• Hurst Boiler & Welding Co
• Lattner Manufacturing Co.
• MESTEK
• Remeha
• The Fulton Companies
• Thermal Solutions
• VIESSMANN
   

Europe Commercial Hot Water Boiler Industry News

• In January 2023, Babcock Wanson Group and Parat decided to join hands to mark a milestone in Europe's industrial boiler landscape. With staunch backing from majority shareholder Kartesia, this strategic move amplifies our commitment to advancing energy transition solutions. Parat's expertise in electric boilers, particularly in electrode technology and decarbonization initiatives, perfectly aligns with our vision. Their impressive growth and leadership in high-voltage boilers further solidify the position as a leader in the industry.
   
• In November 2021, Viessmann has broadened its product lineup in the UK by introducing electric heating solutions, including the Vitotron electric system boiler, Vitotherm direct hot water heaters, and Vitoplanar electric space heaters. These additions come after strategic acquisitions by the Viessmann Group aimed at enriching its electrified heating offerings, which complement its existing range of electric heat pumps and boilers.
   

The Europe commercial hot water 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:

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Market, By Fuel

• Natural Gas
• Oil
• Coal
• Electric
• Others

Market, By Capacity

• ≤ 0.3 - 2.5 MMBtu/hr
• > 2.5 - 10 MMBtu/hr
• > 10 - 25 MMBtu/hr
• > 25 - 50 MMBtu/hr
• > 50 MMBtu/hr

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:

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