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Europe Commercial Boiler Market Value to Soar During 2020-2026
Published Date: 2020-06-05
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According to the Graphical Research new growth forecast report titled “Europe Commercial Boiler Market Size By Fuel (Natural Gas, Oil, Coal), By Application (Offices, Healthcare, Institutions, Lodgings, Retail), 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, Regional Outlook, Competitive Market Analysis & Forecast 2020 – 2026” to Soar During 2020-2026.
The market value will witness significant growth on account of rising number of commercial establishments along with growing demand for energy efficient heating systems. Ongoing concerns toward the rising carbon footprint along with execution of sustainable building codes will further enhance the installation of energy efficient boilers. Moreover, soaring investment toward the renovation & upgrading of existing commercial buildings will drive the business growth.
Minimal carbon emissions, low heating costs and high energy efficiency are few of the paramount features favoring the adoption of condensing boiler technology. High economies of scale along with low system complexity and ease of installation will further boost the industry growth over the forecast timeline.
Oil fired commercial boilers market will witness substantial growth on account of low maintenance costs and ease of fuel availability. Swelling investments toward the expansion of oil infrastructure will propel the industry growth across the region. In addition, many companies are offering oil blend with biodiesel which produces less emissions as compared to pure heating oil, which will further escalate the product demand over the forecast timeframe.
The demand for 2.5-10 MMBtu/hr commercial boiler is set to witness significant growth on account of their easy installation coupled & low maintenance costs when compared to other available alternatives. Installation of these products across multiple establishments including hospitals, government offices and retail stores amongst others will fuel the product demand. However, shifting trends toward building energy management along with focus toward cost effectiveness will further fuel the industry growth across the region.
The increasing demand of heating systems for equipment sterilization and space heating across healthcare facilities will drive the business growth. Rising investments aimed toward refurbishment of existing nursing homes and hospitals will further enhance the product penetration. Moreover, the rising demand for hot water coupled with adverse climatic conditions will favor the industry growth over the forecast timeframe.
Germany commercial boiler market is set to witness considerable growth on account of growing investments toward the development of new commercial establishments coupled with introduction of stringent energy efficiency norms. Moreover, increasing focus toward curtailing GHG emissions along with the reinforcement of existing emission standards are some of the vital factors which will stimulate the demand for advanced commercial boilers in Germany. For instance, according to Germany’s Climate Action Plan, 2050, the country aims to reduce GHG emissions by 55%, 70% and 80-95% by 2030, 2040 and 2050 respectively.
Eminent players operating across the industry include Fondital S.p.A, Grundfos, ACV, Viessmann, Clayton Industries, FONDERIE SIME, Fulton Boiler Works Inc, Cochran, Bosch Thermotechnology, A.O. Smith, Ferroli S.p.A, Wolf GmbH, Babcock and Wilcox Enterprises, Vaillant Group, Hoval, Immergas S.p.A, Ariston Thermo SPA, BDR Thermea Group.