상업용 보일러 시장 규모, 점유율 및 성장 분석 : 연료별, 기술별, 제품별, 용량별, 최종사용자별, 지역별 - 업계 예측(2026-2033년)

Commercial Boiler Market size was valued at USD 4.32 Billion in 2024 and is poised to grow from USD 4.55 Billion in 2025 to USD 6.94 Billion by 2033, growing at a CAGR of 5.4% during the forecast period (2026-2033).

The commercial boiler market is poised for growth driven by stringent building energy codes and heightened investments in urban development. The rising demand for efficient heating solutions stems from the integration of advanced heating systems with home automation technologies. Increased government efforts to minimize the carbon footprint of commercial entities have prompted significant upgrades in existing facilities, further fueling the market for energy-efficient boilers. Additionally, the commercial sector's commitment to establishing cost-effective and eco-friendly infrastructure will significantly bolster market dynamics. Common applications for these boilers range from schools and offices to hospitals and apartment complexes. These systems typically use natural gas or oil, generating hot water or steam for effective heat distribution throughout various commercial spaces.

Top-down and bottom-up approaches were used to estimate and validate the size of the Commercial Boiler market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Commercial Boiler Market Segments Analysis

Global Commercial Boiler Market is segmented by Fuel, Technology, Product, Capacity, End user and region. Based on Fuel, the market is segmented into Natural Gas, Coal, Oil, and Others. Based on Technology, the market is segmented into Condensing, Non-Condensing Based on Product, the market is segmented into Hot Water, Steam. Based on Capacity, the market is segmented into Less than 10 MMBtu/hr, 10-50 MMBtu/hr, Others. Based on End User, the market is segmented into Educational Institutions, Healthcare Sector, Offices, Hospitality, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Commercial Boiler Market

A key factor fueling the growth of the commercial boiler market is the introduction of stringent building energy codes and regulations by governmental entities. These guidelines require the adoption of energy-efficient heating solutions within commercial infrastructures to mitigate greenhouse gas emissions and enhance sustainability efforts. Consequently, the demand for state-of-the-art, high-efficiency commercial boilers that meet these regulatory standards is on the rise, significantly contributing to market expansion. As businesses strive to comply with these requirements, the push for innovative heating systems becomes increasingly prevalent, further propelling the evolution of the commercial boiler landscape.

Restraints in the Commercial Boiler Market

A significant challenge facing the commercial boiler market is the substantial initial investment required for the acquisition and installation of these heating systems. The high expense, particularly for advanced and energy-efficient models, can discourage potential buyers, especially among smaller enterprises, from making the investment. This reluctance to invest due to cost considerations presents a barrier to market expansion, as many businesses might opt for cheaper alternatives or delay their decision to upgrade or install new systems. Consequently, this financial constraint can limit overall growth in the sector, impacting both demand and innovation within the commercial boiler landscape.

Market Trends of the Commercial Boiler Market

The commercial boiler market is experiencing a significant shift towards energy efficiency as businesses increasingly prioritize sustainability and cost savings. This trend is driven by stringent regulations and rising energy costs, prompting organizations to invest in advanced technologies that enhance boiler efficiency and reduce emissions. Manufacturers are responding by developing innovative, high-efficiency models that incorporate smart monitoring systems and alternative fuel options. Additionally, the growing emphasis on green building certifications and corporate responsibility is boosting demand for eco-friendly boiler solutions. As businesses strive to optimize operational performance while minimizing their environmental impact, energy-efficient commercial boilers are becoming a vital component of modern infrastructure.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Trade Analysis

Global Commercial Boiler Market Size by Fuel & CAGR (2026-2033)

• Market Overview
• Natural Gas
• Coal
• Oil
• Others

Global Commercial Boiler Market Size by Technology & CAGR (2026-2033)

• Market Overview
• Condensing
• Non-Condensing

Global Commercial Boiler Market Size by Product & CAGR (2026-2033)

• Market Overview
• Hot Water
• Steam

Global Commercial Boiler Market Size by Capacity & CAGR (2026-2033)

• Market Overview
• Less than 10 MMBtu/hr
• 10-50 MMBtu/hr
• Others

Global Commercial Boiler Market Size by End-User & CAGR (2026-2033)

• Market Overview
• Educational Institutions
• Healthcare Sector
• Offices
• Hospitality
• Others

Global Commercial Boiler Market Size & CAGR (2026-2033)

• North America, (Fuel, Technology, Product, Capacity, End user)
  • US
  • Canada
• Europe, (Fuel, Technology, Product, Capacity, End user)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Fuel, Technology, Product, Capacity, End user)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Fuel, Technology, Product, Capacity, End user)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Fuel, Technology, Product, Capacity, End user)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• A.O. Smith Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bosch Thermotechnology
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fulton Boiler Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Parker Boiler
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vaillant Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Weil-McLain
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Slant/Fin Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Superior Boiler Works, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Burnham Commercial
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lochinvar LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hurst Boiler & Welding Company, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Miura Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Heavy Industries, Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermax Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Columbia Boiler Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Raypak, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mestek, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Laars Heating Systems Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Victory Energy Operations LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation