January 14, 2020
According to the research report titled ‘UK Commercial Boiler Market Size By Fuel (Natural Gas, Oil, Coal, Others), By Application (Offices, Healthcare, Institutions, Lodgings, Retail, Others), By Capacity (0.3-2.5 MMBtu/hr, 2.5-10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr), By Technology (Condensing, Non-Condensing) Industry Analysis Report, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available at MarketStudyReport.com, the U.K. commercial boiler market is expected to register 51 thousand annual installation units by the year 2026.
According to the report, growing inclination towards energy efficient & reliable products in tandem with surging demand for affordable heating solutions are the major factors driving the U.K. commercial boiler market growth. Commercial boilers are becoming popular due to their features such as low maintenance requirements, energy efficiency, and environment compliance, thereby aiding the market expansion.
Introduction of strict government policies pertaining to emission mitigation have compelled consumers across U.K. to adopt energy efficient heating solutions. Technological advancements in commercial boilers are fueling the industry size.
By fuel type, natural gas segment of the U.K. commercial boiler market is expected to register substantial growth during the forecast period. Natural gas commercial boilers offer benefits such as inexpensiveness, cleaner operations, and high efficiency. Rising adoption of natural gas commercial boilers coupled with well-established gas supply network are stimulating the industry outlook.
Speaking of technology, the report states that condensing commercial boiler market segment will witness significant growth during the estimated timeframe. Growing demand for sustainable heating solutions in consort with strict government regulations pertaining to the adoption of efficient heating systems are augmenting the demand for condensing boilers across U.K.
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Based on application spectrum, shifting preferences towards commercial boilers is facilitating product adoption across healthcare and retail sector. Additionally, increasing development of commercial infrastructure will boost the market size from offices application.
Immergas S.p.A., Grundfos, Ariston Thermo S.p.A., FONDERIE SIME, ACV, Fondital S.p.A., Hoval, Wolf GmBH, Ferroli S.p.A., BDR Thermea Group, A. O. Smith, Cochran, Bosch Thermotechnology, Clayton Industries, Fulton Boiler Works Inc., Viessmann, and Babcock & Wilcox Enterprises Inc. are the prominent companies operating in the U.K. commercial boiler market.
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