December 20, 2019
According to the research report titled ‘U.S. Commercial Boiler Market By Fuel (Natural Gas, Oil, Coal, 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), By Product (Hot Water, Steam), By Application (Offices, Warehouse & Storage, Retail, Education, Lodgings, Public Assembly, Healthcare, Others), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available at MarketStudyReport.com, the U.S. commercial boiler market is projected to record an annual installation of over 95,000 units by the year 2026.
Surging need for environment friendly and cost effective boiler systems is driving the U.S. commercial boiler market growth. Escalating investments in hospitality and healthcare sector, and integration of advanced technology in heating systems is also aiding in the expansion of the market. Moreover, industry players are aiming to offer digitally integrated solutions to facilitate system monitoring & diagnosis, which will fuel product adoption over the forthcoming years.
In terms of fuel, the report cites that U.S. commercial boiler market from natural gas segment will register substantial growth due to rising adoption of cleaner fuels in various applications. Moreover, strict federal directive for reducing carbon emissions, coupled with presence of established gas supply network in the country are also augmenting the demand for natural gas based boiler systems across U.S.
Speaking of technology, condensing boilers offer high efficiency, compact design, and easy installation. Favorable policies encouraging the adoption of efficient heating units for energy conservation is impelling the market growth.
Based on application spectrum, U.S. commercial boiler industry from healthcare segment is projected to register significant growth over the estimated timeframe. Growing prevalence of chronic disorders and rising geriatric population is fueling the need for new medical establishments. Escalating investments towards the renovation of existing medical facilities, coupled with growing need for hot water are stimulating the product adoption across the sector.
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Considering geographical landscapes, East North Central market is expected to grow by 3% through the year 2026. Surging need for space heating systems especially in harsh winter conditions and high presence of key industry players in the region, in tandem with increasing investments for expanding commercial facilities is propelling the regional growth.
The prominent companies operating in the U.S. commercial boiler market are Precision Boilers, Vapor Power International, LLC, Superior Boiler Works, Inc., Cleaver-Brooks, Inc., Parker Boiler Company, P.M. Lattner Manufacturing Company, and Hurst Boiler & Welding Co., Inc. among others.
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