U.S. Commercial Boilers Market size is projected to grow at a significant CAGR from 2021 to 2027, according to a latest forecast report by Graphical Research.
The U.S. market growth is on account of governmental efforts for refurbishment of existing commercial establishments and surging adoption of energy-efficient units. Increasing investments for developing sustainable buildings and implementation of safety standards will fuel the product penetration. Ongoing R&D activities to develop innovative large-scale systems according to consumer demand will further escalate the industry outlook.
The oil commercial boilers market is anticipated to see outstanding growth through 2027 owing to the rising need for space heating in commercial buildings and decreasing oil prices in the international market. In addition, strict government laws along with increasing commercial captive heating requirement will foster the product adoption. The robust development of educational institutions and increasing incorporation of digital systems for enhancing monitoring capabilities will favor the industrial scenario.
10 MMBtu/hr rated segment will gain a significant momentum during the forecast period due to economy revival and ongoing expansion of medium & small-scale commercial establishments. States have implemented stringent emission norms and mandates to limit greenhouse gas emissions, energizing the business potential. The growing deployment of highly efficient and cost-effective units to meet the water heating requirements will further escalate the business growth.
Browse detailed statistical insights from the report, “U.S. Commercial Boiler Market Forecast 2027 By Technology (Condensing, Non-Condensing), By Fuel (Natural Gas, Oil, Coal), 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 Product (Hot Water, Steam), By Application (Offices, Warehouse & Storage Facilities, Retail Stores, Educational Institutions, Lodgings, Public Assembly Buildings, Healthcare Facilities), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The non-condensing commercial boilers market is set to upsurge over the projected timeframe on account of evolving technological progress and upgrading of conventional heating systems. The product features key advantages including water conversation awareness, low maintenance, and better cycle efficiency, accelerating the business potential. Increasing investments in the designing and development of green buildings and Tier II & III cities will further drive the industry outlook.
The steam segment will expand a substantial growth between 2021 and 2027 credited to the ongoing replacement and upgrade of traditional heating systems. Easy installation, low maintenance, higher fuel output ratio, and operation variability across multiple/mixed fuel applications will drive the product deployment. The surging development of various buildings including offices, warehouses, and retail stores will augment the business landscape.
Healthcare applications segment is poised to extend massive growth during the forecast timeline on account of increasing investments in the development of health infrastructure to cater to the needs of COVID- 19 pandemic. Furthermore, government stimulus for revival of economy and growing population, leading to more heating demands will facilitate the business dynamics.
The U.S. commercial boilers market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
U.S. Market, By Fuel
- Natural gas
U.S. Market, 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
U.S. Market, By Technology
U.S. Market, By Product
U.S. Market, By Application
- Warehouse & storage facilities
- Retail Stores
- Educational Institutions
- Public Assembly Buildings
- Healthcare Facilities
The above information has been provided for the following countries: