What Is The Current and Historical Performance of the Commercial Boiler Market Size?
The commercial boiler market has shown steady growth over the past few years, reflecting its emerging importance in various sectors.
• In 2024, the market size was $3.95 billion, experiencing growth to $4.13 billion in 2025, marking a respectable Compound Annual Growth Rate (CAGR) of 4.7%.
Key factors like escalated heating and hot water demand, increased industrial process heat, regulations around energy efficiency, fuel prices and availability, and economic growth have all contributed to this growth trajectory.
What Is The Projected Market Size And Growth Rate Of The Commercial Boiler Market?
The commercial boiler market is likely to witness robust growth in the coming years.
• The market is expected to reach $5.13 billion in 2029, registering a CAGR of 5.6%.
Key drivers behind this growth include the rise of green and sustainable heating solutions, renewable energy integration, the growing need for building energy management, carbon emissions reduction goals, the entry of new market players, and emerging market demand. Introduction of advanced control systems, IoT and smart building integration, advanced combined heat and power (CHP) systems, and technological advancements are among the major trends expected during the forecast period.
What Are The Factors Pushing The Growth Of The Commercial Boiler Market?
The increasing number of commercial buildings and the rise in safety equipment are key factors propelling the commercial boiler market's growth. Commercial boilers, which provide efficient heating in commercial buildings, are a safe and cost-effective choice. For example, a report by the Center for Sustainable Systems in the USA predicts commercial building floor space to expand by 29% by 2050. These commercial buildings accounted for 17% of all energy use in the USA and one-third of energy system emissions in 2022. This increase in commercial buildings and necessary safety equipment will likely fuel commercial boiler market growth.
What Is The Segmentation Of The Commercial Boiler Market?
The commercial boiler market covered in this report is segmented –
1) By Boiler Type: Fire Tube, Water Tube
2) By Fuel Type: Natural Gas, Oil, Coal, Other Fuel Types
3) By Technology: Condensing, Non-Condensing
4) By Application: Offices, Warehouse And Storage Facilities, Retail Stores, Educational Institutions, Lodgings, Public Assembly Buildings, Healthcare Facilities
Pre-Book The Commercial Boiler Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights Here:
What Are The Emerging Trends Shaping The Commercial Boiler Market?
The introduction of innovative boiler systems, such as low NOx (nitrogen oxide) boilers and high-efficiency boilers with compact designs, is a key trend gaining momentum in the commercial boiler market. For instance, in April 2022, global heating products manufacturer Bosch launched its latest commercial boiler series, the Condens 7000 WP. This new series reduces the average installation time by up to 60% compared to other models.
Who Are The Key Players In The Commercial Boiler Market?
Key players in the commercial boiler market include:
• AO Smith Corporation
• Bosch Thermotechnology
• Cochran Limited
• Cleaver-Brooks
• Fulton Boiler Company
• Mitsubishi Heavy Industries Ltd
• Siemens Energy AG
• Asea Brown Boveri
• Alfa Laval AB
• Babcock & Wilcox Enterprises Inc.
What Are The Leading Regions In The Commercial Boiler Market?
North America was the largest region in the commercial boiler market in 2024. Other regions covered in the commercial boiler market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
