The study on the global market for Commercial Boiler evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities.

Selbyville, DE -- (SBWire) -- 12/31/2018 --The U.S. commercial boiler market is anticipated to exceed an annual installation of 80 thousand units by 2024. Rapid increase in population coupled with burgeoning economic growth will drive the business growth in the near future. According to World Bank, the U.S. witnessed a population growth of 6.1 % between 2009 & 2017, and a GDP growth of 34.5% within the same period.

Key industry players operating in the global commercial boiler market include Babcock and Wilcox Enterprises Inc, Fulton Boiler Works, Inc, Hurst Boiler and Welding Co Inc,Clayton Industries, Bosch Thermotechnology, Cochran Ltd, Mitsubishi Hitachi Power Systems Ltd,Parker Boiler Company,Slant/Fin Corporation, Weil-McLain, A.O. Smith Corporation, Miura America Co Ltd, Groupe Simoneau, Johnston Boiler Company, P. M. Lattner Manufacturing Co, PB Heat,Cleaver-Brooks Inc, Viessmann, KD Navien, BDR Thermea Group, Wolf GmbH, Ferroli S.p.A, Atlantic Boilers, SIME, Vaillant Group, NIBE.

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Global Commercial Boiler Market is predicted to reach over USD 15 Billion by 2024. Rising demand for space heating & hot water across polar climate regions coupled with shifting trends toward deployment of energy efficient heating systems will boost the industry growth. Government efforts to encourage sustainable heating units and reduce carbon emissions will further complement the product adoption. For instance, the EU adopted Performance of Buildings Directive (EU) 2018/844, with an aim to achieve zero carbon emission from buildings by 2050.

Ongoing investments across the commercial sector toward development of economically & ecologically sustainable infrastructure will fuel the global commercial boiler market. For instance, in 2017 the European Commission has introduced Framework Level(s), with an aim to improve sustainability of buildings. Furthermore, introduction of stringent emission and standards along with rising concerns to mitigate the effects of global warming will positively influence the demand for energy efficient steam generating units.

Healthcare commercial boiler market will witness robust growth on account of growing demand for hot water for cleansing of medical equipment, floors and sheets. Moreover, ongoing investments toward expansion and upgradation of existing healthcare facilities will complement the product deployment. According to the Centers for Medicare and Medicaid Services, in 2017, the U.S. invested around USD 3.5 trillion toward development of healthcare facilities.

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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.

Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Global Commercial Boiler Industry Insights
Chapter 4. Global Commercial Boiler Market, By Fuel
Chapter 5. Global Commercial Boiler Market, By Application
Chapter 6. Global Commercial Boiler Market, By Capacity
Chapter 7. Global Commercial Boiler Market, By Technology
Chapter 8. Global Commercial Boiler Market, By Region
Chapter 9. Company Profiles

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Related Report:
Combi boiler Market Competitive Market Share & Forecast, 2018 – 2024
Combi Boiler Market is predicted to surpass USD 3.5 Billion by 2024. Investments toward refurbishment of residential infrastructure along with rise in demand for effective water & space heating will complement the industry outlook. Respective governments have introduced efficiency norms for limiting the GHG emissions which is further augmenting the business growth.

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