December 02, 2020
As per the report titled ‘UK Commercial Boiler Market Size By Fuel, By Application , By Capacity, By Technology Industry Analysis Report, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, UK commercial boiler market is projected to record an appreciable growth rate through 2026.
According to the findings of the report, UK commercial boiler market is expected to reach an annual installation of over 51,000 units by the year 2026. Rising inclination towards reliable & energy efficient products, strict regulations pertaining to carbon emissions, and ongoing replacement of traditional boilers with new modern ones are the key growth drivers of UK commercial boiler market. Moreover, strong presence of major industry players like Bosch Thermotechnology, A.O. Smith, and Clayton Industries are facilitating business progression.
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On the basis of fuel, UK commercial boiler market from natural gas segment is set to gain considerable traction over the forecast timeframe. Affordable pricing, cleaner operation, and better efficiency are the key factors driving the demand for natural gas commercial boiler in the UK. Additionally, presence of a well-established gas supply network in the nation is boosting the segmental share.
Based on technology, condensing segment will contribute significantly to growth of commercial boiler industry in UK. Rise in product demand owing to strict government directives pertaining to the deployment of efficient heating solutions is fueling the segment growth. Further, escalating demand for sustainable and high performance commercial heating systems, along with benefits like cleaner operations and lower maintenance are strengthening the demand for commercial boilers that function on condensing technology.
Elaborating on the application scope, development of new commercial infrastructure, integration of smart technologies and better UI, investments in green buildings, and rising focus on cost-efficient technologies will increase use of commercial boiler across offices, institutions, lodgings, healthcare, and retail settings.
Increasing replacement rate of conventional boilers with new commercial boilers will foster UK commercial boiler market from healthcare and retail sector. Moreover, rising expenditure for development of new healthcare facilities will further propel the product demand over the forecast period.
Speaking of the competitive arena, Babcock & Wilcox Enterprises, Inc., The Viessmann Group, Ariston Thermo Group, A.O. Smith Corp., Fulton Boiler Works, Inc., and Robert Bosch GmbH are the top contenders in UK commercial boiler industry.