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    Commercial Boiler Market | Covid-19 Impact Analysis

    Commercial Boiler Market | Covid-19 Impact Analysis

    Commercial Boiler Market | Covid-19 Impact Analysis
    Report code - SRCE164 Delivery - 2 Weeks
    Global Commercial Boiler Market Size, Share, Trend, Forecast, & Industry Analysis  See more...
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    Impact of COVID-19 on Commercial Boiler Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Commercial Boiler Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Global Commercial Boiler Market Insights

    Global Commercial Boiler Market is likely to witness a CAGR of 3.3% during the forecast period. Factors such as the increasing requirement for space heating and hot water across cold regions along with the growing demand for high-efficiency heating systems, initiatives by the government towards renovation and replacement of inefficient building infrastructures are expected to enhance the size of the industry and fuel the global market growth during the forecast period. Further, increase in focus toward minimizing emission of greenhouse gas along with enactment and strengthening of emission standards will accelerate the demand for energy efficient commercial boilers.

    Global Commercial Boiler Market - Snapshot

    Growth

    3.3% for the next five years

    Dominant Fuel Type

    Natural Gas

    Major Application Type

    Healthcare

    Major Capacity Type

    0.3-2.5 MMBtu/hr

    Faster Technology Type

    Condensing

    Region with the highest demand

    North America

    Key Players

    Babcock & Wilcox Enterprises Inc., Bosch Thermotechnology, Clayton Industries, Cochran Ltd., Fulton Boiler Works, Inc., Hurst Boiler and Welding Co, Inc, Mitsubishi Hitachi Power Systems, Ltd., Parker Boiler, Slant/Fin Corporation, and Weil-McLain.

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    Market Share Analysis

    Global Commercial Boiler Market Share: By Fuel Type

    Based on the fuel type, the market is segmented as natural gas, oil, coal, and others. Factors such as lower carbon footprint, comparatively low operation & maintenance costs, and ongoing investments directed towards expansion of natural gas infrastructure, globally, are expected to enhance the deployment of natural gas and fuel the growth of the industry during the forecast period. On the other hand, lower annual fuel utilization efficiency and relatively high emission of carbon accompanied by government initiatives for limiting greenhouse gas emission may cause restriction of product deployment in medium term. Though, the key factors such as better fuel accessibility and lower initial cost would be able to keep the oil product as a competitor in the boiler industry.

    Global Commercial Boiler Market Share: By Application Type

    Based on the application type, the market is segmented as offices, healthcare, institutions, lodgings, retail, and others. The healthcare commercial boiler market is estimated to register a high growth rate owing to the increasing demand for hot water for sterilizing the medical instruments, sheets, and for the purpose of space heating. Furthermore, the increase in government and private investments in the direction of expansion and modernization of healthcare infrastructure is expected to accelerate the product demand during the forecast period. The rapid growth of the IT industry, accompanied by shifting trends from agricultural to industrial economy has made the construction of commercial spaces necessary, eventually fueling the growth of the market.

    Global Commercial Boiler Market Share: By Capacity Type

    Based on the capacity type, the global commercial boiler market is segmented as 0.3-2.5 MMBtu/hr, 2.5-10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, and 100-250 MMBtu/hr. The 0.3-2.5 MMBtu/hr products are broadly deployed across offices, healthcare, retail stores, and lodgings for the application of heating. Their easy installation along with cost effectiveness over their available counterparts is expected to fuel the growth of the industry during the forecast period. On the other hand, 2.5-10 MMBtu/hr commercial boiler product penetration is boosted by the shifting trends toward energy-efficient condensing boilers along with modernization and expansion of commercial centers during the forecast period.

    Global Commercial Boiler Market Share: By Technology Type

    Based on the technology type, the market is segmented as condensing and non-condensing. The condensing commercial boiler market is estimated to register a faster growth rate depending on the instructions given by the government for reducing greenhouse gas emission. For example, National Emission Standards for Hazardous Air Pollutants was introduced by the U.S. Environmental Protection Agency to be headed in the direction of regulating greenhouse emission across commercial and industrial centers. Its purpose to address all the requirements for an energy-efficient HVAC system is further expected to boost the growth of the industry.

    On the other hand, some key factors of non-condensing boiler such as lower initial cost and capability of attaining higher operating temperature are likely to snowball the growth of the non-condensing boiler industry. Furthermore, it has the ability to operate under adverse climatic conditions accompanied by compact size and minimal maintenance requirements, which is expected to complement the industry growth during the forecast period.

    Global Commercial Boiler Market Share: By Region

    In terms of regions, the U.S. is estimated to witness high growth rate attributed to the stringent federal legislative for limiting carbon footprints from commercial infrastructures along with investments for replacements and upgradation of conventional heating units during the forecast period. Furthermore, a range of measures has been introduced by the federal government in conjunction with the respective state agencies to control the rapid increase of air pollution. On the other hand, China is expected to witness strong growth rate due to the rapid urbanization and investments in the direction of developing commercial centers.

    Some of the key players in the global commercial boiler market are-

    • Babcock & Wilcox Enterprises Inc.
    • Bosch Thermotechnology
    • Clayton Industries
    • Cochran Ltd.
    • Fulton Boiler Works, Inc.
    • Hurst Boiler and Welding Co, Inc
    • Mitsubishi Hitachi Power Systems, Ltd.
    • Parker Boiler
    • Slant/Fin Corporation
    • Weil-McLain

     

    Market Scope & Segmentation

    Commercial boilers are basically pressurized systems, in which either the combustible fuel is burnt or the electricity is used for heating water, which is used to provide heating in buildings. There are some boilers which use hot water, whereas other boilers rely on water which has been turned to steam.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Global Commercial Boiler Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The global commercial boiler market is segmented into the following categories. 

    Global Commercial Boiler Market Size, Share, & Forecast, by Fuel Type:

    • Natural Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Coal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Global Commercial Boiler Market Size, Share, & Forecast, by Application Type:

    • Offices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Institutions (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lodging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Retail (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Global Commercial Boiler Market Size, Share, & Forecast, by Capacity Type:

    • 0.3-2.5 MMBtu/hr (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 2.5-10 MMBtu/hr (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 10-50 MMBtu/hr (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 50-100 MMBtu/hr (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 100-250 MMBtu/hr (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Global Commercial Boiler Market Size, Share, & Forecast, by Technology Type:

    • Condensing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Condensing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Global Commercial Boiler Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by technology type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Global Commercial Boiler Market in the foreseeable future?

    The global commercial boiler market is expected to witness an impressive growth of 3.3% CAGR in the foreseeable future.

    Who are the key players in the Global Commercial Boiler Market?

    Babcock & Wilcox Enterprises Inc., Bosch Thermotechnology, Clayton Industries, Cochran Ltd., Fulton Boiler Works, Inc., Hurst Boiler and Welding Co, Inc, Mitsubishi Hitachi Power Systems, Ltd., Parker Boiler, Slant/Fin Corporation, and Weil-McLain are among the key players in the Global Commercial Boiler Market.

    Which country/region is expected to witness the highest growth in the Global Commercial Boiler Market?

    The U.S. is estimated to witness high growth in the commercial boiler market during the next five years.

    Which application type us expected to register the high growth rate?

    The healthcare commercial boiler market is estimated to register a high growth rate in the coming years.

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