| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 4.63 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Commercial Boilers Market Analysis
The Commercial Boilers Market is expected to register a CAGR of 4.63% during the forecast period.
- A commercial boiler is a pressurized system that creates heat by burning a combustible fuel to provide heating for residential and commercial buildings. The burner, combustion chamber, heat exchanger, controls, and exhaust stacks are just a few of the components that make up a commercial boiler.
- These components are essential for a commercial boiler's optimal operation. However, due to the efficient operation of commercial boilers, governments in various regions, including India, have mandated the installation of safety accessories in commercial boilers under the Code of Federal Regulations (CFR) and the India Boiler Regulation (IBR).
- Moreover, the escalating demand for space heating in commercial spaces represents the primary factor driving the market growth. Besides this, the rising adoption of energy-efficient solutions, coupled with the increasing investments in developing green buildings to minimize carbon emissions, is augmenting the demand for commercial boilers.
- Additionally, governments of various countries are taking several favorable initiatives to install new commercial boilers and upgrade the existing ones. Implementing stringent environmental regulations accelerates product adoption rates as modern commercial boiler technologies offer greater efficiency and lower emission discharge.
- In April 2022, Bosch Commercial & Industrial announced the launch of its latest commercial boiler series, the Condens 7000 WP. The new series replaces the popular Worcester Bosch GB162 V2 with a unique design developed to increase install time with simplicity in mind. Moreover, installers can expect to save up to 60% on average installation times when fitting the Condens 7000 WP compared to the GB162 V2, freeing up time to complete other installs or wider administrative work.
Commercial Boilers Market Trends
Healthcare is Expected to Hold a Significant Market Share
- The healthcare industry uses boilers for cleaning, sterilizing, and space heating. Upgrading healthcare infrastructure is the primary priority among policymakers worldwide, continuously driving new investment in the healthcare sector.
- The exponential surge in the hospitalization of individuals and increase in national health expenditure owing to the pandemic has further bolstered investment in the healthcare sector, which will drive the studied segment for the market. For instance, 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%.
- Moreover, government policies toward replacing conventional heating systems with advanced water heating systems coupled with the development of medical facilities will sway the demand for commercial boilers.
- Further, the growing requirements for energy-efficient heating solutions in line with the rising shift toward the acceptance of innovative sustainable heating systems will boost the industry revenue in the healthcare sector. Increasing deployments across the healthcare sector and growing replacement of the existing systems to cater to the stringent building standards will foster the industry value.
- In August 2022, ELCO announced an exhibit at Healthcare Estates that will provide heating and domestic hot water along with the inclusion of renewables, presenting some unique challenges to healthcare facilities. These initiatives and developments by the vendors in the market will drive the studied segment of the market over the coming years.
Understand The Key Trends Shaping This Market
Download PDF
North America to Hold Significant Market Share
- The market in the region is witnessing a shift towards replacing or upgrading the existing heating systems and improving the operational ability of boilers. The high operating and maintenance cost, rising fuel prices, and stringent government regulations have set the tone for replacing the existing heating system with the energy-efficient heating system in the region.
- Increasing the focus of government bodies on reducing carbon emissions to the environment and implementing green building codes in the region augmented the demand for these boilers. High energy efficiency, minimal carbon emission, and low heating cost are critical factors surging market demand. The need for clean fuel heating systems and increasing investment in the domestic lodging sector are expected to support the market growth.
- Further, the market players are also investing in advancing boilers with the latest technologies and upgrades. In June 2021, Lochinvar, a manufacturer of high-efficiency water heaters, announced the CREST condensing boiler with Hellcat Combustion Technology, featuring Real-time O2 trim. These boilers can be used in large commercial applications. The Hellcat Combustion Technology helps decrease monitoring and maintenance and extends the boiler's life.
- The regional market is also witnessing significant adoption of business augmenting strategies which bodes well for the market. For instance, in January 2021, Jericho Oil Corporation announced its agreement to acquire all the assets of Hydrogen Technologies Inc. After the acquisition, the company introduced a re-branded website and Corporate Presentation outlining HTI's patented and novel high-temperature cleanH2steam Dynamic Combustion Chamber boiler that enables zero-emissions hydrogen to generate heat hot-water, high-temperature steam, and Combined Heat & Power (CHP) through a closed-loop process.
Get Analysis on Important Geographic Markets
Download PDF
Commercial Boilers Industry Overview
The Commercial Boilers Market is moderately fragmented with the presence of some global and regional players. Some of the key players are Cochran Limited, Bosch Thermotechnology, and A.O. Smith Corporation, among others. The players in this market are introducing new innovative products and forming partnerships and collaborations to gain a competitive advantage in the market.
- April 2022 - WOLF launched the CGB-2-68/75/100 gas condensing boiler, making it possible to meet intensive use needs of high thermal power, etc. It has the latest technological innovations, regulation control capacity, and quality components.
- March 2021 - Viessmann introduced the next generation of its most popular gas-condensing boiler, the Vitodens 100-W, with PIONEERING capabilities for installers. The WiFi-integrated Vitodens 100-W's new control platform makes commissioning and servicing the boiler easier. According to the company, remotely monitoring and adjusting customers' boilers is now possible. No third-party controls are required, meaning a Vitodens boiler with ViCare Thermostat provides homeowners with a load-compensating smartphone-controlled heating system.
Commercial Boilers Market Leaders
-
Cochran Ltd.
-
Bosch Thermotechnology (Bosch Thermotechnik GmbH)
-
A.O. Smith Corporation
-
The Fulton Companies
-
Parker Boiler Inc.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Commercial Boilers Market News
- August 2021 - Prometha Connected Boiler Solutions, the first IoT solution for boiler rooms that offers real-time data analytics and system intelligence, announced an app on Apple and Android devices. The new app enables authorized users to view boiler system performance 24/7 remotely, and when a condition is suboptimal, they are notified in real-time via an alarm or alert.
- June 2021 - Lochinver announced the Crest Condensing Boiler with Hellcat Combustion Technology featuring RealTime O2 Trim is designed to adjust combustion to surrounding conditions automatically.
Commercial Boilers Industry Segmentation
The scope of the study focuses on the market analysis of commercial boilers used in different end-user applications. The study includes a detailed breakdown of fuel type, capacity of the boilers, end-user, and a regional breakdown. The impact of COVID-19 on the market and affected segments are also covered under the scope of the study. Further, the disruption factors impacting the market's growth in the near future have been covered in the study in terms of drivers and restraints.
| Fuel Type | Natural gas |
| Oil | |
| Coal | |
| Others | |
| Technology | Condensing |
| Non-condensing | |
| Capacity | Less Than 10 MMBtu/Hr |
| 10-50 MMBtu/Hr | |
| Others | |
| End-User Industries | Offices |
| Healthcare | |
| Educational Institutions | |
| Hospitality | |
| Other End-User Industries | |
| Geography | North America |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Need A Different Region or Segment?
Customize Now
Commercial Boilers Market Research FAQs
What is the current Commercial Boilers Market size?
The Commercial Boilers Market is projected to register a CAGR of 4.63% during the forecast period (2025-2030)
Who are the key players in Commercial Boilers Market?
Cochran Ltd., Bosch Thermotechnology (Bosch Thermotechnik GmbH), A.O. Smith Corporation, The Fulton Companies and Parker Boiler Inc. are the major companies operating in the Commercial Boilers Market.
Which is the fastest growing region in Commercial Boilers Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Commercial Boilers Market?
In 2025, the North America accounts for the largest market share in Commercial Boilers Market.
What years does this Commercial Boilers Market cover?
The report covers the Commercial Boilers Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Commercial Boilers Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Commercial Boilers Industry Report
Statistics for the 2025 Commercial Boilers market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Commercial Boilers analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
