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Gas Fired Boiler Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Trends

Gas Fired Boiler Market size was valued over USD 15 billion in 2017 and the annual installation is anticipated to exceed 7 million units by 2024

 Regulatory measures to mitigate the environmental impact of greenhouse gas emissions coupled with increasing demand for space and water heating will drive the gas fired boiler market size. For instance, the European Union has set a target to achieve 40% reduction in GHG levels by 2030. Favorable government policies and initiatives across developing economies to boost the infrastructure spending will further stimulate the product demand.

Gas Fired Boiler Market, By Application 

Commercial gas fired boiler market share is predicted to witness growth over 3% by 2024. Rapidly expanding population size and urbanization on a global scale coupled with focus toward cleaner fuel will augment the business landscape. The ongoing development and expansion of commercial centers along with measures to encourage the replacement of traditional boilers will further accelerate the deployment of gas fired boilers.

Industrial applications in 2017, accounted for over 15% of gas fired boiler market revenue share. Introduction of stringent emission norms to minimize the CO2 emissions has resulted in replacement of traditional units with energy efficient boilers which in turn will drive the product adoption. Furthermore, growing inclination of the government toward expansion of key economic sectors in conjunction with the participation of financial institutions will further complement the business outlook.

Gas Fired Boiler Market, By Capacity

<10 MMBtu/hr natural gas boiler market in 2017, was valued over USD 9 Billion. Sizeable investments toward expansion of commercial establishments along with surging demand from service industry comprising retail and hospitality will boost the product penetration in coming years. The boiler industry will further gain momentum on account of surge in availability of natural gas for domestic consumption and space heating.

100-250 MMBtu/hr capacity is anticipated to grow over 5% by 2024. Growing inclination toward the expansion of industrial sector and rising investments in the infrastructural development will thrust the product adoption. Shift toward adoption of energy efficient boilers and replacement of conventional steam generating systems will further drive the industry growth.

Gas Fired Boiler Market, By Technology

Condensing gas fired boiler market size is predicted to witness growth of over 4% by 2024. Ability of these boilers to offer low environmental pollution, reduced heating costs and high energy efficiency are some of the prominent features which will stimulate product adoption over available alternatives. Government measures toward energy conservation along with regulatory mandate toward minimal energy efficiency requirement will positively influence the industry growth.

Low cost and the ability to withstand wide temperature fluctuations are the key factors that will drive the non-condensing natural gas boiler market share. Furthermore, longer operating life, ability to achieve high operating temperature and low initial cost will further influence the product adoption.

Gas Fired Boiler Market, By Region 

North America gas fired boiler market in 2017, was valued over USD 4 billion. Resurgent economic growth coupled with ongoing investment toward upgradation of industrial facilities will stimulate the demand for gas fired boilers across the region. Changing consumer preferences toward processed food along with rising disposable income will stimulate the product demand across food processing sector. In addition, ongoing investment across the chemical sector will further complement the business landscape.

Germany gas fired boiler market is set to witness growth on account of stringent emission norms across the region. Enactment and effective implementation of government regulations toward industrial pollution has led to an upsurge in the replacement of tradition heating systems. Old boiler inventory along with growing efforts to maximize the energy utilization has further led to the demand for high efficiency gas fired boilers across the region.

Competitive Market Share

Key industry players operating comprises Babcock & Wilcox, Fulton Boiler Works, Hurst Boiler and Welding, AMEC Foster Wheeler, Forbes Marshall, General Electric, Rentech Boiler, Miura America, Hoval, Viessmann, Fondital, Groupe Atlantic, SIME, Bosch, Ferroli, Weil-McLain, Burnham Holdings, Bradford White Corporation, A.O. Smith, Parker Boiler, BDR Thermea Group, Carrier and Vaillant.

Prominent players across industry are focusing on various strategic assets including product innovation, inorganic growth ventures, research & development as part of their strategy initiatives.  Furthermore, in addition to retrofitting, companies are also focused for extended service portfolio to manage competitive edge over other industry participants.

Gas Fired Boiler Industry Background

Boiler is an enclosed vessel installed to generate steam for heating and humidification purpose. The fundamental concept of a boiler includes a heat source, and a heat transfer medium, usually heat exchanger which allows water to reach its boiling point. These units are primarily installed for steam & hot water generation across residential, commercial and industrial establishments.

Chapter 1   Methodology & Scope

1.1   Methodology

1.2   Market definitions

1.3   Market estimates & forecast parameters

1.4   Data sources

1.4.1   Primary

1.4.2   Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1   Gas-fired boiler market 3600 synopsis, 2013 – 2024

2.1.1   Business trends

2.1.2   Application trends

2.1.3   Capacity trends

2.1.4   Technology trends

2.1.5   Regional trends

Chapter 3   Gas Fired Boiler Market Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024 (USD Million)

3.3   Industry ecosystem analysis

3.3.1   Vendor Matrix

3.4   Innovation and technology landscape

3.4.1   Bosch Thermotechnology

3.4.2   Weil-McLain

3.4.3   Miura America Co. Ltd.

3.4.4   Viessmann

3.4.5   Ideal Commercial Boilers

3.4.6   Fulton Boiler Works, Inc.

3.4.7   Cleaver Brooks

3.4.8   A.O. Smith Corporation

3.4.9   Hurst Boiler & Welding Company, Inc

3.4.10    Aerco

3.4.11    Other innovations

3.5   Regulatory Landscape

3.5.1   U.S.

3.5.1.1   Residential

3.5.2   Commercial

3.5.2.1   Energy Conservation Program for Certain Industrial Equipment: Energy Conservation Standards and Test Procedures for Commercial Heating Equipment

3.5.2.2   National Emission Standards for Hazardous Air Pollutants (NESHAP)

3.5.2.3   New Source Performance Standards (NSPS)

3.5.2.4   Pennsylvania

3.5.2.5   Georgia

3.5.2.6   Illinois

3.5.2.7   Industrial

3.5.3   Europe

3.5.3.1   Ecodesign Directive 2009/125/EC

3.5.4   Brazil

3.5.4.1   NR-13 pressure vessel regulation

3.5.5   China

3.5.5.1   Minimum Energy Performance Standards (MEPS)

3.5.5.1.1    GB 20665-20151

3.5.5.2   Mandatory labels

3.5.6   India

3.5.6.1   Indian Boiler Regulations (IBR)

3.5.6.1.1    Scope

3.5.7   South Africa

3.5.7.1   SANS 347

3.6   Competitiveness Index

3.6.1   North America

3.6.1.1   U.S.

3.6.1.2   Canada

3.6.1.3   Mexico

3.6.2   Europe

3.6.2.1   France

3.6.2.2   UK

3.6.2.3   Poland

3.6.2.4   Italy

3.6.2.5   Spain

3.6.2.6   Austria

3.6.2.7   Germany

3.6.2.8   Sweden

3.6.2.9   Russia

3.6.3   Asia-Pacific

3.6.3.1   China

3.6.3.2   India

3.6.3.3   Philippines

3.6.3.4   Japan

3.6.3.5   South Korea

3.6.3.6   Australia

3.6.3.7   Indonesia

3.6.4   Middle East & Africa

3.6.4.1   Saudi Arabia

3.6.4.2   Iran

3.6.4.3   UAE

3.6.4.4   Nigeria

3.6.4.5   South Africa

3.6.5   Latin America

3.6.5.1   Argentina

3.6.5.2   Chile

3.6.5.3   Brazil

3.7   Ease of Doing Business Index

3.7.1   North America

3.7.1.1   U.S.

3.7.1.2   Canada

3.7.1.3   Mexico

3.7.2   Europe

3.7.2.1   France

3.7.2.2   UK

3.7.2.3   Poland

3.7.2.4   Italy

3.7.2.5   Spain

3.7.2.6   Austria

3.7.2.7   Germany

3.7.2.8   Sweden

3.7.2.9   Russia

3.7.3   Asia-Pacific

3.7.3.1   China

3.7.3.2   India

3.7.3.3   Philippines

3.7.3.4   Japan

3.7.3.5   South Korea

3.7.3.6   Australia

3.7.3.7   Indonesia

3.7.4   Middle East & Africa

3.7.4.1   Saudi Arabia

3.7.4.2   Iran

3.7.4.3   UAE

3.7.4.4   Nigeria

3.7.4.5   South Africa

3.7.5   Latin America

3.7.5.1   Argentina

3.7.5.2   Chile

3.7.5.3   Brazil

3.8   Import/Export Trends

3.8.1   Steam Boilers

3.9   Industry impact forces

3.9.1   Growth drivers

3.9.1.1   Residential

3.9.1.1.1    Regulations toward reducing carbon footprint

3.9.1.1.2    Increasing demand for space heating

3.9.1.1.3    Rapid urbanization and shift towards cleaner fuels

3.9.1.2   Commercial

3.9.1.2.1    Positive outlook toward healthcare sector

3.9.1.2.2    Rising need for space heating across commercial buildings

3.9.1.2.3    Growing demand for energy efficient boilers

3.9.1.3   Industrial

3.9.1.3.1    Positive outlook towards chemical and food processing industries

3.9.1.3.2    Rapid industrialization across developing economies

3.9.2   Industry pitfalls & challenges

3.9.2.1   High initial investment

3.9.2.2   Rising popularity of available alternatives

3.10    Growth potential analysis

3.11    Price trend

3.11.1    Price trend analysis, by capacity

3.11.2    Price trend analysis, by application

3.11.3    Price trend analysis, by region

3.12    Customer requirement

3.12.1    Customer group requirement

3.13    Porter’s Analysis

3.14    Competitive landscape, 2017

3.14.1    Strategy dashboard

3.14.1.1   Bosch

3.14.1.1.1   Mergers & Acquisitions

3.14.1.1.2   New Product Launch

3.14.1.1.3   Overseas Business Expansion

3.14.1.2   Weil-McLain

3.14.1.2.1   Supplier Value Analysis Program

3.14.1.2.2   New Product Launch

3.14.1.3   A.O. Smith

3.14.1.3.1   Acquisition

3.14.1.3.2   New Product Launch

3.14.1.4   Burnham Holdings

3.14.1.4.1   Product Innovation

3.15    PESTEL Analysis

3.16    Parameters affecting market entry

Chapter 4   Gas Fired Boiler Market, By Application

4.1   Gas fired boiler market share by application, 2017 & 2024

4.2   Residential

4.2.1   Global market from residential, 2013 – 2024

4.2.2   Global market from residential, by region, 2013 – 2024

4.3   Commercial

4.3.1   Global market from commercial, 2013 – 2024

4.3.2   Global market from commercial, by region, 2013 – 2024

4.3.3   Commercial gas fired boiler market, by application

4.3.3.1   Office

4.3.3.1.1    Global market from office, 2013 – 2024

4.3.3.1.2    Global market from office, by region, 2013 – 2024

4.3.3.2   Healthcare

4.3.3.2.1    Global market from healthcare, 2013 – 2024

4.3.3.2.2    Global market from healthcare, by region, 2013 – 2024

4.3.3.3   Institution

4.3.3.3.1    Global market from institution, 2013 – 2024

4.3.3.3.2    Global market from institution, by region, 2013 – 2024

4.3.3.4   Lodging

4.3.3.4.1    Global market from lodging, 2013 – 2024

4.3.3.4.2    Global market from lodging, by region, 2013 – 2024

4.3.3.5   Retail

4.3.3.5.1    Global market from retail, 2013 – 2024

4.3.3.5.2    Global market from retail, by region, 2013 – 2024

4.3.3.6   Other

4.3.3.6.1    Global market from other, 2013 – 2024

4.3.3.6.2    Global market from other, by region, 2013 – 2024

4.3.4   Commercial gas fired boiler market, by capacity

4.3.4.1   <10 MMBtu/hr

4.3.4.1.1    Global market from <10 MMBtu/hr, 2013 – 2024

4.3.4.1.2    Global market from <10 MMBtu/hr, by region, 2013 – 2024

4.3.4.2   10-50 MMBtu/hr

4.3.4.2.1    Global market from 10-50 MMBtu/hr, 2013 – 2024

4.3.4.2.2    Global market from 10-50 MMBtu/hr, by region, 2013 – 2024

4.3.4.3   50-100 MMBtu/hr

4.3.4.3.1    Global market from 50-100 MMBtu/hr, 2013 – 2024

4.3.4.3.2    Global market from 50-100 MMBtu/hr, by region, 2013 – 2024

4.3.4.4   100-250 MMBtu/hr

4.3.4.4.1    Global market from 100-250 MMBtu/hr, 2013 – 2024

4.3.4.4.2    Global market from 100-250 MMBtu/hr, by region, 2013 – 2024

4.3.4.5   >250 MMBtu/hr

4.3.4.5.1    Global market from >250 MMBtu/hr, 2013 – 2024

4.3.4.5.2    Global market from >250 MMBtu/hr, by region, 2013 – 2024

4.4   Industrial

4.4.1   Global market from industrial, 2013 – 2024

4.4.2   Global market from industrial, by region, 2013 – 2024

4.4.3   Industrial gas fired boiler market, by application

4.4.3.1   Food & beverage

4.4.3.1.1    Global market from food & beverage, 2013 – 2024

4.4.3.1.2    Global market from food & beverage, by region, 2013 – 2024

4.4.3.2   Pulp & paper

4.4.3.2.1    Global market from pulp & paper, 2013 – 2024

4.4.3.2.2    Global market from pulp & paper, by region, 2013 – 2024

4.4.3.3   Chemical

4.4.3.3.1    Global market from chemical, 2013 – 2024

4.4.3.3.2    Global market from chemical, by region, 2013 – 2024

4.4.3.4   Refinery

4.4.3.4.1    Global market from refinery, 2013 – 2024

4.4.3.4.2    Global market from refinery, by region, 2013 – 2024

4.4.3.5   Primary metal

4.4.3.5.1    Global market from primary metal, 2013 – 2024

4.4.3.5.2    Global market from primary metal, by region, 2013 – 2024

4.4.3.6   Other manufacturing

4.4.3.6.1    Global market from other manufacturing, 2013 – 2024

4.4.3.6.2    Global market from other manufacturing, by region, 2013 – 2024

4.4.4   Industrial gas fired boiler market, by capacity

4.4.4.1   <10 MMBtu/hr

4.4.4.1.1    Global market from <10 MMBtu/hr, 2013 – 2024

4.4.4.1.2    Global market from <10 MMBtu/hr, by region, 2013 – 2024

4.4.4.2   10-50 MMBtu/hr

4.4.4.2.1    Global market from 10-50 MMBtu/hr, 2013 – 2024

4.4.4.2.2    Global market from 10-50 MMBtu/hr, by region, 2013 – 2024

4.4.4.3   50-100 MMBtu/hr

4.4.4.3.1    Global market from 50-100 MMBtu/hr, 2013 – 2024

4.4.4.3.2    Global market from 50-100 MMBtu/hr, by region, 2013 – 2024

4.4.4.4   100-250 MMBtu/hr

4.4.4.4.1    Global market from 100-250 MMBtu/hr, 2013 – 2024

4.4.4.4.2    Global market from 100-250 MMBtu/hr, by region, 2013 – 2024

4.4.4.5   >250 MMBtu/hr

4.4.4.5.1    Global market from >250 MMBtu/hr, 2013 – 2024

4.4.4.5.2    Global market from >250 MMBtu/hr, by region, 2013 – 2024

Chapter 5   Gas Fired Boiler Market, By Capacity

5.1   Gas fired boiler market share by capacity, 2017 & 2024

5.2   <10 MMBtu/hr

5.2.1   Global market from <10 MMBtu/hr, 2013 – 2024

5.2.2   Global market from <10 MMBtu/hr, by region, 2013 – 2024

5.3   10-50 MMBtu/hr

5.3.1   Global market from 10-50 MMBtu/hr, 2013 – 2024

5.3.2   Global market from 10-50 MMBtu/hr, by region, 2013 – 2024

5.4   50-100 MMBtu/hr

5.4.1   Global market from 50-100 MMBtu/hr, 2013 – 2024

5.4.2   Global market from 50-100 MMBtu/hr, by region, 2013 – 2024

5.5   100-250 MMBtu/hr

5.5.1   Global market from 100-250 MMBtu/hr, 2013 – 2024

5.5.2   Global market from 100-250 MMBtu/hr, by region, 2013 – 2024

5.6   >250 MMBtu/hr

5.6.1   Global market from >250 MMBtu/hr, 2013 – 2024

5.6.2   Global market from >250 MMBtu/hr, by region, 2013 – 2024

Chapter 6   Gas Fired Boiler Market, By Technology

6.1   Gas fired boiler market share by technology, 2017 & 2024

6.2   Condensing

6.2.1   Global market from condensing, 2013 – 2024

6.2.2   Global market from condensing, by region, 2013 – 2024

6.3   Non-condensing

6.3.1   Global market from non-condensing, 2013 – 2024

6.3.2   Global market from non-condensing, by region, 2013 – 2024

Chapter 7   Gas Fired Boiler Market, By Region

7.1   Gas fired boiler market share by region, 2017 & 2024

7.2   North America

7.2.1   North America market, 2013 – 2024

7.2.2   North America market by application, 2013 – 2024

7.2.2.1   North America commercial gas fired boiler market by application, 2013 – 2024

7.2.2.2   North America commercial gas fired boiler market by capacity, 2013 – 2024

7.2.2.3   North America industrial gas fired boiler market by application, 2013 – 2024

7.2.2.4   North America industrial gas fired boiler market by capacity, 2013 – 2024

7.2.3   North America market by capacity, 2013 – 2024

7.2.4   North America market by technology, 2013 – 2024

7.2.5   U.S.

7.2.5.1   U.S. market, 2013 – 2024

7.2.5.2   U.S. market by application, 2013 – 2024

7.2.5.2.1    U.S. commercial gas fired boiler market by application, 2013 – 2024

7.2.5.2.2    U.S. commercial gas fired boiler market by capacity, 2013 – 2024

7.2.5.2.3    U.S. industrial gas fired boiler market by application, 2013 – 2024

7.2.5.2.4    U.S. industrial gas fired boiler market by capacity, 2013 – 2024

7.2.5.3   U.S. market by capacity, 2013 – 2024

7.2.5.4   U.S. market by technology, 2013 – 2024

7.2.6   Canada

7.2.6.1   Canada market, 2013 – 2024

7.2.6.2   Canada market by application, 2013 – 2024

7.2.6.2.1    Canada commercial gas fired boiler market by application, 2013 – 2024

7.2.6.2.2    Canada commercial gas fired boiler market by capacity, 2013 – 2024

7.2.6.2.3    Canada industrial gas fired boiler market by application, 2013 – 2024

7.2.6.2.4    Canada industrial gas fired boiler market by capacity, 2013 – 2024

7.2.6.3   Canada market by capacity, 2013 – 2024

7.2.6.4   Canada market by technology, 2013 – 2024

7.2.7   Mexico

7.2.7.1   Mexico market, 2013 – 2024

7.2.7.2   Mexico market by application, 2013 – 2024

7.2.7.2.1    Mexico commercial gas fired boiler market by application, 2013 – 2024

7.2.7.2.2    Mexico commercial gas fired boiler market by capacity, 2013 – 2024

7.2.7.2.3    Mexico industrial gas fired boiler market by application, 2013 – 2024

7.2.7.2.4    Mexico industrial gas fired boiler market by capacity, 2013 – 2024

7.2.7.3   Mexico market by capacity, 2013 – 2024

7.2.7.4   Mexico market by technology, 2013 – 2024

7.3   Europe

7.3.1   Europe market, 2013 – 2024

7.3.2   Europe market by application, 2013 – 2024

7.3.2.1   Europe commercial gas fired boiler market by application, 2013 – 2024

7.3.2.2   Europe commercial gas fired boiler market by capacity, 2013 – 2024

7.3.2.3   Europe industrial gas fired boiler market by application, 2013 – 2024

7.3.2.4   Europe industrial gas fired boiler market by capacity, 2013 – 2024

7.3.3   Europe market by capacity, 2013 – 2024

7.3.4   Europe market by technology, 2013 – 2024

7.3.5   France

7.3.5.1   France market, 2013 – 2024

7.3.5.2   France market by application, 2013 – 2024

7.3.5.2.1    France commercial gas fired boiler market by application, 2013 – 2024

7.3.5.2.2    France commercial gas fired boiler market by capacity, 2013 – 2024

7.3.5.2.3    France industrial gas fired boiler market by application, 2013 – 2024

7.3.5.2.4    France industrial gas fired boiler market by capacity, 2013 – 2024

7.3.5.3   France market by capacity, 2013 – 2024

7.3.5.4   France market by technology, 2013 – 2024

7.3.6   UK

7.3.6.1   UK market, 2013 – 2024

7.3.6.2   UK market by application, 2013 – 2024

7.3.6.2.1    UK commercial gas fired boiler market by application, 2013 – 2024

7.3.6.2.2    UK commercial gas fired boiler market by capacity, 2013 – 2024

7.3.6.2.3    UK industrial gas fired boiler market by application, 2013 – 2024

7.3.6.2.4    UK industrial gas fired boiler market by capacity, 2013 – 2024

7.3.6.3   UK market by capacity, 2013 – 2024

7.3.6.4   UK market by technology, 2013 – 2024

7.3.7   Poland

7.3.7.1   Poland market, 2013 – 2024

7.3.7.2   Poland market by application, 2013 – 2024

7.3.7.2.1    Poland commercial gas fired boiler market by application, 2013 – 2024

7.3.7.2.2    Poland commercial gas fired boiler market by capacity, 2013 – 2024

7.3.7.2.3    Poland industrial gas fired boiler market by application, 2013 – 2024

7.3.7.2.4    Poland industrial gas fired boiler market by capacity, 2013 – 2024

7.3.7.3   Poland market by capacity, 2013 – 2024

7.3.7.4   Poland market by technology, 2013 – 2024

7.3.8   Italy

7.3.8.1   Italy market, 2013 – 2024

7.3.8.2   Italy market by application, 2013 – 2024

7.3.8.2.1    Italy commercial gas fired boiler market by application, 2013 – 2024

7.3.8.2.2    Italy commercial gas fired boiler market by capacity, 2013 – 2024

7.3.8.2.3    Italy industrial gas fired boiler market by application, 2013 – 2024

7.3.8.2.4    Italy industrial gas fired boiler market by capacity, 2013 – 2024

7.3.8.3   Italy market by capacity, 2013 – 2024

7.3.8.4   Italy market by technology, 2013 – 2024

7.3.9   Spain

7.3.9.1   Spain market, 2013 – 2024

7.3.9.2   Spain market by application, 2013 – 2024

7.3.9.2.1    Spain commercial gas fired boiler market by application, 2013 – 2024

7.3.9.2.2    Spain commercial gas fired boiler market by capacity, 2013 – 2024

7.3.9.2.3    Spain industrial gas fired boiler market by application, 2013 – 2024

7.3.9.2.4    Spain industrial gas fired boiler market by capacity, 2013 – 2024

7.3.9.3   Spain market by capacity, 2013 – 2024

7.3.9.4   Spain market by technology, 2013 – 2024

7.3.10    Austria

7.3.10.1   Austria market, 2013 – 2024

7.3.10.2   Austria market by application, 2013 – 2024

7.3.10.2.1   Austria commercial gas fired boiler market by application, 2013 – 2024

7.3.10.2.2   Austria commercial gas fired boiler market by capacity, 2013 – 2024

7.3.10.2.3   Austria industrial gas fired boiler market by application, 2013 – 2024

7.3.10.2.4   Austria industrial gas fired boiler market by capacity, 2013 – 2024

7.3.10.3   Austria market by capacity, 2013 – 2024

7.3.10.4   Austria market by technology, 2013 – 2024

7.3.11    Germany

7.3.11.1   Germany market, 2013 – 2024

7.3.11.2   Germany market by application, 2013 – 2024

7.3.11.2.1   Germany commercial gas fired boiler market by application, 2013 – 2024

7.3.11.2.2   Germany commercial gas fired boiler market by capacity, 2013 – 2024

7.3.11.2.3   Germany industrial gas fired boiler market by application, 2013 – 2024

7.3.11.2.4   Germany industrial gas fired boiler market by capacity, 2013 – 2024

7.3.11.3   Germany market by capacity, 2013 – 2024

7.3.11.4   Germany market by technology, 2013 – 2024

7.3.12    Sweden

7.3.12.1   Sweden market, 2013 – 2024

7.3.12.2   Sweden market by application, 2013 – 2024

7.3.12.2.1   Sweden commercial gas fired boiler market by application, 2013 – 2024

7.3.12.2.2   Sweden commercial gas fired boiler market by capacity, 2013 – 2024

7.3.12.2.3   Sweden industrial gas fired boiler market by application, 2013 – 2024

7.3.12.2.4   Sweden industrial gas fired boiler market by capacity, 2013 – 2024

7.3.12.3   Sweden market by capacity, 2013 – 2024

7.3.12.4   Sweden market by technology, 2013 – 2024

7.3.13    Russia

7.3.13.1   Russia market, 2013 – 2024

7.3.13.2   Russia market by application, 2013 – 2024

7.3.13.2.1   Russia commercial gas fired boiler market by application, 2013 – 2024

7.3.13.2.2   Russia commercial gas fired boiler market by capacity, 2013 – 2024

7.3.13.2.3   Russia industrial gas fired boiler market by application, 2013 – 2024

7.3.13.2.4   Russia industrial gas fired boiler market by capacity, 2013 – 2024

7.3.13.3   Russia market by capacity, 2013 – 2024

7.3.13.4   Russia market by technology, 2013 – 2024

7.4   Asia Pacific

7.4.1   Asia Pacific market, 2013 – 2024

7.4.2   Asia Pacific market by application, 2013 – 2024

7.4.2.1   Asia Pacific commercial gas fired boiler market by application, 2013 – 2024

7.4.2.2   Asia Pacific comme

Gas Fired Boiler Market, By Application 

Commercial gas fired boiler market share is predicted to witness growth over 3% by 2024. Rapidly expanding population size and urbanization on a global scale coupled with focus toward cleaner fuel will augment the business landscape. The ongoing development and expansion of commercial centers along with measures to encourage the replacement of traditional boilers will further accelerate the deployment of gas fired boilers.

Industrial applications in 2017, accounted for over 15% of gas fired boiler market revenue share. Introduction of stringent emission norms to minimize the CO2 emissions has resulted in replacement of traditional units with energy efficient boilers which in turn will drive the product adoption. Furthermore, growing inclination of the government toward expansion of key economic sectors in conjunction with the participation of financial institutions will further complement the business outlook.

Gas Fired Boiler Market, By Capacity

<10 MMBtu/hr natural gas boiler market in 2017, was valued over USD 9 Billion. Sizeable investments toward expansion of commercial establishments along with surging demand from service industry comprising retail and hospitality will boost the product penetration in coming years. The boiler industry will further gain momentum on account of surge in availability of natural gas for domestic consumption and space heating.

100-250 MMBtu/hr capacity is anticipated to grow over 5% by 2024. Growing inclination toward the expansion of industrial sector and rising investments in the infrastructural development will thrust the product adoption. Shift toward adoption of energy efficient boilers and replacement of conventional steam generating systems will further drive the industry growth.

Gas Fired Boiler Market, By Technology

Condensing gas fired boiler market size is predicted to witness growth of over 4% by 2024. Ability of these boilers to offer low environmental pollution, reduced heating costs and high energy efficiency are some of the prominent features which will stimulate product adoption over available alternatives. Government measures toward energy conservation along with regulatory mandate toward minimal energy efficiency requirement will positively influence the industry growth.

Low cost and the ability to withstand wide temperature fluctuations are the key factors that will drive the non-condensing natural gas boiler market share. Furthermore, longer operating life, ability to achieve high operating temperature and low initial cost will further influence the product adoption.

Babcock & Wilcox, Fulton Boiler Works, Hurst Boiler and Welding, AMEC Foster Wheeler, Forbes Marshall, General Electric, Rentech Boiler, Miura America, Hoval, Viessmann, Fondital, Groupe Atlantic, SIME, Bosch, Ferroli, Weil-McLain, Burnham Holdings, Bradford White Corporation, A.O. Smith, Parker Boiler, BDR Thermea Group, Carrier and Vaillant.

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