August 16, 2021
As cited by the research report titled ‘UK Commercial Boiler Market Size By Fuel (Natural Gas, Oil, Coal, Others), By Application (Offices, Healthcare, Institutions, Lodgings, Retail, Others), By Capacity, By Technology (Condensing, Non-Condensing) Industry Analysis Report, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, UK commercial boiler market is projected to expand considerably over 2020-2026, witnessing an annual installation of around 51 thousand units by the end of forecast duration.
Increasing preference for reliable & energy efficient products along with rising demand for affordable heating solutions are the major factors driving the UK commercial boiler market growth. Additionally, various benefits associated with the product like energy efficiency, lower maintenance, environmental compliance, and cleaner operations are propelling the demand. Stricter regulations related to installation of efficient heating systems and reduction of carbon footprint are also likely to augment the business growth.
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Increasing adoption of natural gas as a primary source of energy is enhancing the market outlook. Also, availability of a large gas supply network in tandem with growing demand for sustainable and superior performance solutions in commercial heating systems is anticipated to propel the installation of such boilers in the United Kingdom.
The rising focus towards replacing traditional boilers with commercial boilers in healthcare & retail sector is generating lucrative prospects for the business scenario. In addition, the increasing participation of private players towards the development of innovative commercial infrastructure is poised to augment UK commercial boiler industry remuneration.
Rising dependency of building structures on heating systems for supply of heat at low pressure steam will enhance the industry growth. Moreover, emphasis towards improving healthcare infrastructure will further stimulate the demand for commercial boiler systems over the analysis period.
Introduction of smart technologies & better user interface coupled with rising adoption of cost-effective and advanced solutions will further push the installation of sustainable heating solutions across the country. Also, high cost saving potential of these systems along with the increasing investment towards zero emission buildings is anticipated to boost the product demand in UK.
Based on fuel type, UK commercial boiler industry is segmented into natural gas, coal, oil, and others. Considering the application ambit, the marketplace is divided into offices, institutions, healthcare, lodgings,and retail, among others. Speaking of capacity, the business space is categorized into 100-250 MMBtu/hr, 50-100 MMBtu/hr, 10-50 MMBtu/hr, 2.5-10 MMBtu/hr, and 0.3-2.5 MMBtu/hr. Moving on to the technology range, the industry space is fragmented into condensing and non-condensing.
Prominent players influencing UK commercial boiler industry dynamics are Immergas S.p.A., Grundfos, Fonderie Sime SpA, ACV UK Ltd,Fondital S.p.a., Hoval Corporate, Wolf GmbH, Vaillant Group, Ferroli S.p.A., BDR Thermea Group, Cochran UK, Clayton Industries, Fulton Boiler Works Inc., Babcock & Wilcox Enterprises Inc., Viessmann Group, Ariston Thermo Corporate, A. O. Smith Corporation and Bosch Thermotechnik GmbH.