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Office Boiler Market Size

  • Report ID: GMI7551
  • Published Date: Nov 2023
  • Report Format: PDF

Office Boiler Market Size

Office Boiler Market was valued at USD 2.6 billion in 2022 and is poised to record more than 7% CAGR from 2023 to 2032. The increasing demand for space heating in office spaces along with stern policy framework for the development of green buildings will result in an upward trend for the market. Furthermore, the need for effective space heating solutions in especially in colder climates, will fuels the demand for boilers.

 

Surge in replacement of the existing heating units with energy-efficient boilers are proven to be influential in shaping the demand curve for the industry. Increasing government spending across the healthcare industry along with extensive investments by the public & private players will fuel the boiler market. Increasing applicability of these units for space heating, autoclaves equipment sterilization, and water heating purposes will propel the industry outlook.

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of office boiler was worth USD 2.6 billion in 2022 and is expected to reach USD 5.1 billion by 2032, due to the increasing demand for space heating in office spaces along with stern policy frameworks for the development of green buildings worldwide.

The hot water product segment held 70% share of the office boiler industry in 2022 and is expected to register appreciable CAGR from 2023 to 2032, due to their low performance, high operation and maintenance costs.

Asia Pacific market for office boiler was exceeded USD 685.9 million in 2022 and is expected to register commendable CAGR through 2032. owing to the surge in foreign investments in commercialization, coupled with favorable government schemes for the development of manufacturing facilities

Babcock & Wilcox Enterprises, Inc., Hurst Boiler & Welding Co, Inc., Cleaver-Brooks, VIESSMANN, FONDITAL S.p.A., FERROLI S.p.A, Atlantic Boilers, and Bosch Industriekessel GmbH are some of the major office boiler companies worldwide.

Office Boiler Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 22
  • Tables & Figures: 1497
  • Countries covered: 27
  • Pages: 500
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