Key Players| NIBE, Atlantic, Viessmann, Babcock and Wilcox, Bosch
According to a new research report by the market research and strategy consulting firm,Global Market Insights, Inc, Global Commercial Boiler Market is predicted to reach over USD 15 Billion by 2024 with across 520 pages ,1001 market data tables & 37 figures & charts from the report.According to a new research report by the market research and strategy consulting firm,Global Market Insights, Inc, Global Commercial Boiler Market is predicted to reach over USD 15 Billion by 2024 with across 520 pages ,1001 market data tables & 37 figures & charts from the report.
Standing as one of the top-notch energy transition verticals, commercial boiler market is poised to amass substantial gains, with a global installation target of 300,000 units by 2024. Boiler efficiency has been touted as one of the foremost factors determining the overall efficiency of a central heating system.
According to the U.S. DOE, commercial infrastructure consumes more than 7 trillion joules of site energy annually. The boiler efficiency also has a major impact on the carbon emissions and cost reduction, owing to which the demand for commercial boilers has observed a sharp uptick globally.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
NIBE Atlantic Viessmann Babcock and Wilcox Bosch A.O. Smith Weil-McLain Miura Johnston Lattner Fulton Parker and Hurst.
In context of energy efficiency, the ongoing renovation activities of inefficient building infrastructure is providing a substantial impetus to the commercial boiler industry trends. The fraternity has been witnessing a slew of product developments and technological proliferations to develop advanced, efficient, and sustainable equipment.
In this regard, condensing boilers have registered a massive demand across the commercial sector, primarily driven by their emission reduction capabilities.
The stringent government regulations mandating the use of energy-efficient systems also bags a major growth credit. Europe, in this regard, has been at the forefront to implement these energy-efficient and sustainability standards.
One of the significant measures along these lines have been the Energy Performance of Building Directive by the European Union, which aims to achieve zero carbon emissions from buildings by 2050. As yet another initiative, in 2017, the European Commission launched Voluntary Reporting Framework Level(s) to improve the building sustainability.
Driven by such stringent regulations toward energy transition and infrastructural developments, Europe commercial boiler market is slated to witness appreciable proceeds over the coming years.
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Introduction of stringent regulatory reforms toward the minimization of GHG emissions will drive the condensing commercial boiler market growth. The U.S. EPA adopted National Emission Standards for Hazardous Air Pollutants with an aim to reduce GHG emissions from commercial and industrial infrastructures.
Simple control, compact design and reliable operation, are some of the prominent features that will fuel the product deployment.
Gas fired commercial boiler market is set to witness a growth of over 3% by 2024. Relatively lower operation cost, low carbon emissions and less maintenance requirement will propel the product adoption.
Ongoing investments toward expansion and development of gas network will further boost the industry growth. According to the European Commission, in 2016, the European Union invested around USD 200 million for the development of Balticconnector, a gas pipeline network between Finland and Estonia.
Key industry players operating in the global commercial boiler market include Hurst, Parker, Fulton, NIBE, Viessmann, A.O. Smith, Miura, Lattner, Atlantic, Babcock and Wilcox, Weil-McLain Bosch, and Johnston.
Chapter 4. Global Commercial Boiler Market, By Fuel
4.1. Global commercial boiler market share by fuel, 2017 & 2024
4.2. Natural gas
4.2.1. Global market by natural gas, 2013 – 2024
4.2.2. Global market by natural gas, by region, 2013 - 2024
4.3.1. Global market by oil, 2013 - 2024
4.3.2. Global market by oil, by region, 2013 - 2024
4.4.1. Global market by coal, 2013 - 2024
4.4.2. Global market by coal, by region, 2013 - 2024
4.5.1. Global market by others, 2013 - 2024
4.5.2. Global market by others, by region, 2013 - 2024
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