According to the research report titled, ‘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, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores, Others), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2021 – 2028’, available with MarketStudyReport, global commercial boiler market is expected to grow significantly during 2021-2028.
 

Escalating demand for energy efficient heating solutions across commercial facilities, rapid development in the healthcare infrastructure, and rigid government regulations are boosting the growth of global commercial boiler market.
 

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For the unversed, commercial boilers are referred to the pressurized systems used for heat generation and distribution in large buildings. These boilers are lesser prone to developing leaks in their system, which in turn is increasing product demand and aiding overall industry expansion.
 

Based on fuel type, the others sub segment comprising of biomass and biofuel-fired boilers is anticipated to multiply substantially over the study period, owing to their lower emission rate.
 

In terms of technology, the report cites that global commercial boiler market share from non-condensing segment is predicted to expand significantly during the study period. Factors such as strict emission levels along with high efficiency and easy availability of non-condensing commercial boilers are facilitating the overall business scenario.  
 

Based on application spectrum, the offices segment is speculated to record a substantial CAGR over 2021-2028, primarily driven by rising investments towards the expansion of commercial centers. Meanwhile, retail stores segment is also predicted to witness considerable progression by 2028, accreditable to increasing number of malls and multi-brand retail stores.
 

The geographical ambit of global commercial boiler market is defined by key regions like North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Middle East & Africa market is poised to showcase remarkable growth over 2021-2028, owingto rapid developments in the healthcare, tourism, and hospitality sectors in the region.
 

Meanwhile, Latin America is reckoned to capture a considerable market share over the forecast period owing to high demand for clean fuel heating systems and rising investments in the domestic lodging sector.
 

PB Heat, LLC, Bradford White Corporation, Columbia Boiler Co., Burnham Holdings Inc., Weil-McLain, Bosch Thermotechnik GmbH, SIME Ltd., Groupe Atlantic, Ferroli S.p.A, Fondital S.p.A,  Viessmann Limited, Hoval Corporate,  Siemens AG,  Cleaver-Brooks Inc., Hurst  Boiler & Welding Co. Inc., and Babcock & Wilcox Enterprises Inc. are the major players profiled in global commercial boiler market report.