상업용 보일러 시장 예측(-2030년) - 연료 유형, 용량, 기술, 최종사용자 및 지역별 세계 분석

According to Stratistics MRC, the Global Commercial Boilers Market is accounted for $4.44 billion in 2023 and is expected to reach $7.09 billion by 2030 growing at a CAGR of 6.9% during the forecast period. A pressurised system called a commercial boiler uses the heat produced by the combustion of combustible fuel to heat both residential and commercial structures. A commercial boiler's parts include a burner, combustion chamber, heat exchanger, controls, and exhaust stacks, to name a few. These accessories are necessary for a commercial boiler to operate at its best. Commercial boilers are frequently used to heat workplaces like businesses, schools, and hospitals. Gas or oil can be used to fuel commercial boilers, which can produce steam or hot water. Some boilers produce heat from electricity using electric resistance coils or fuel oil.

According to CMS, the U.S. national health expenditure forecast as a percentage of GDP in 2021 was 18.2%, which will increase in 2028 to 19.7%.According to EHI, 40% of the wood produced annually in Europe is used for heating purposes in European residential and nonresidential buildings.

Market Dynamics:

Driver:

Increasing demand in healthcare sector

These boilers are used in the healthcare industry for space heating, sterilisation, and cleaning. Global governments place a high focus on improving healthcare infrastructure, which consistently spurs fresh investment in the industry. Investment in the healthcare sector has intensified due to the pandemic's exponential rise in hospital admissions. The market will expand due to the increased demand for installing new boiler systems and modernising existing boilers.

Restraint:

Stringent regulations and emission control

Governments in developed nations have established stringent emission requirements to reduce the amount of pollutants discharged into the environment, which has an impact on industrial boiler efficiency, operating costs, and market expansion. Additionally, the International Energy Agency (IEA) promotes the use of technology like flue gas desulfurization and fabric filters to reduce boiler emissions through its Clean Energy Technology Programme. Another factor limiting market expansion is the requirement to increase efficiency and steam quality to fulfil consumer demand.

Opportunity:

The increasing demand for compact design

Compact designs for parts like the boiler, economizer, super heater, and air pre heater will improve space utilisation in process industries. Utility equipment cannot be placed on the floor as much with capacity installations. There is a high demand for small, fuel-efficient steam boilers due to the need to make the most of available space. As a result, the market benefits from the desire for compact boiler sizes, which is the market growth.

Threat:

High Maintenance Cost

Frequent cleaning and maintenance over the forecast period is one of the key factors impeding the market. The installation of a steam boiler system is one of the most expensive investments a manufacturing business can make. It is projected that the cost would remain high due to the high level of technical expertise needed for steam boiler operation and the separate construction of boiler houses in the utility area. As a result, this is the main issue impeding market expansion.

COVID-19 Impact:

The COVID-19 pandemic may have altered industrial boiler market dynamics due to the shutdown of industries, offices, and other commercial locations where these systems are located. The production of these boilers has been impacted by the global supply chain problems. However, the industry will revive with the start of regular business operations in the period. Indeed, a lot of governments are aiming to become carbon neutral, which could lead to a rise in the installation of boilers.

The natural gas segment is expected to be the largest during the forecast period:

The natural gas segment is estimated to have a lucrative growth, due to the combustion of natural gas produces mainly carbon dioxide and water, and they don't affect the environment. As a fossil fuel, natural gas is the least polluting when compared to oil and coal. Additionally, natural gas has a high calorific value, which indicates that it produces the most heat during combustion. In addition, the government is encouraging the use of natural gas rather than solid fuels.

The non-condensing segment is expected to have the highest CAGR during the forecast period:

The non-condensing segment is anticipated to witness the fastest CAGR growth during the forecast period, due to their energy efficiency, longer life span, and lower price. Installation of the non-condensing boiler requires no appointment for a professional. A single unit heat exchanger chamber is another feature of non-condensing boilers. This chamber enables hot burner gases to travel through and heat the water within the walls of the exchanger before it exits through the flue.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid industrialization is increased investments in a number of industries, including the automotive, agricultural, oil & gas, and renewable energy. The country's market progress is predicted to be aided by rising consumer demand for packaging materials that are environmentally and biodegradably friendly as well as by the expanding e-commerce sector.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to increasing the focus of government bodies on reducing carbon emissions to the environment and implementing green building codes. High energy efficiency, reduced carbon emissions, and affordable heating are important aspects driving market demand. The need for clean fuel heating systems and rising investment in the domestic lodging industry are anticipated to fuel market expansion.

Key players in the market

Some of the key players profiled in the Commercial Boiler Market include Bosch Thermotechnology, Cleaver-Brooks, Ferroli, A.O. Smith Corporation, Valliant Group, Slant/Fin Corporation, Fulton Boiler Company, Viessmann, Weil-McLain Solvay S.A., Cochran Limited, Superior Boiler Works, Inc, Babcock and Wilcox Enterprises, Simoneau Group, Parker Boiler and Sumitomo Corporation.

Key Developments:

In November 2022, Babcock & Wilcox announced receiving a contract for more than USD 24 million to supply 2 industrial package boilers, advanced control technologies, and auxiliary equipment for a petroleum refinery in North America.

In March 2020, Viessmann Group, a German manufacturer, has launched a new gas wall-mounted and compact gas boiler from the new vitodens 200 generations, which are cost-effective, high reliability, and consistently high utilization condensing process.

Fuel Types Covered:

• Coal
• Oil
• Natural Gas
• Other Fuel Types

Capacities Covered:

• 10-50 MMBtu/Hr
• Less Than 10 MMBtu/Hr
• Other Capacities

Technologies Covered:

• Non-condensing
• Condensing
• Other Technologies

End Users Covered:

• Lodging
• Hospitals
• Educational Institutions
• Offices
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Commercial Boiler Market, By Fuel Type

• 5.1 Introduction
• 5.2 Coal
• 5.3 Oil
• 5.4 Natural Gas
• 5.5 Other Fuel Types

6 Global Commercial Boiler Market, By Capacity

• 6.1 Introduction
• 6.2 10-50 MMBtu/Hr
• 6.3 Less Than 10 MMBtu/Hr
• 6.4 Other Capacities

7 Global Commercial Boiler Market, By Technology

• 7.1 Introduction
• 7.2 Non-condensing
• 7.3 Condensing
• 7.4 Other Technologies

8 Global Commercial Boiler Market, By End User

• 8.1 Introduction
• 8.2 Lodging
• 8.3 Hospitals
• 8.4 Educational Institutions
• 8.5 Offices
• 8.6 Other End Users

9 Global Commercial Boiler Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Bosch Thermotechnology
• 11.2 Cleaver-Brooks
• 11.3 Ferroli
• 11.4 A.O. Smith Corporation
• 11.5 Valliant Group
• 11.6 Slant/Fin Corporation
• 11.7 Fulton Boiler Company
• 11.8 Viessmann
• 11.9 Weil-McLain Solvay S.A.
• 11.10 Cochran Limited
• 11.11 Superior Boiler Works, Inc
• 11.12 Babcock and Wilcox Enterprises
• 11.13 Simoneau Group
• 11.14 Parker Boiler
• 11.15 Sumitomo Corporation