U.S. Commercial Boiler Market to Hit $2 Billion by 2027, Says Global Market Insights Inc.
SELBYVILLE, Del., June 28, 2021 / PRNewswire / – Revenue is expected to be in the US commercial boiler market $ 2 billion by 2027, as reported in the latest study from Global Market Insights Inc. Strict energy efficiency regulations imposed in commercial facilities to increase the overall efficiency of heating appliances positively infiltrate advanced boiler systems.
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Oil as a fuel has experienced significant barriers in recent years due to price volatility and safety concerns. Oil-fired boilers, compared to gas-fired boilers, offer more lifetime cost savings due to the low fuel price. The ability to provide inexpensive heating coupled with the easy availability of resources will push manufacturers to use oil as a fuel for commercial heating systems.
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High efficiency, compact design and easy installation are key factors in the growing demand for condensing boilers. The use of the condensation of water vapor below 56 ° C temperature level together with the use of a specially designed heat exchanger to cool the steam are some of the features offered by the condensing boilers that favor its penetration.
Key Findings of the US Commercial Boiler Market Report Include:
- Low emission tax and high energy efficiency are among the advantages offered by the boiler systems, which in turn expand their business in the commercial sector.
- Growing investments in the health and hospitality sectors are expected to fuel the industry landscape.
- The increasing demand for cost-effective systems in retail businesses and offices is expected to drive industry sales.
- Several institutions and commercial establishments across the region are replacing conventional systems with new boiler units that provide efficient and reliable performance.
Search Key Industry Insights Across 990 Pages with 2096 Market Data Tables and 48 Numbers and Charts from US Commercial Boiler Market Forecasts By Fuel (Natural Gas, Oil, Coal, Others), Capacity ((≥0.3 – ≤2.5 MMBtu.) / h,> 2.5 – ≤10 MMBtu / h,> 10 – ≤50 MMBtu / h,> 50 – ≤100 MMBtu / h,> 100 – ≤250 MMBtu / h), technology (condensing, non-condensing), product (Hot water, steam), application (offices, warehousing and storage facilities, retail stores, educational institutions, accommodation, public assembly buildings, health facilities, others), industry analysis report, regional outlook, application potential, competitive market share and forecast, 2021-2027 “in detail and table of contents:
Increased consumer spending on healthcare facilities will drive demand in the US commercial boiler market over the forecast period. Increasing investment in upgrading existing medical facilities has fueled product adoption to effectively meet the increasing demand for hot water in these facilities. In addition, the increasing prevalence of chronic diseases and the aging population has increased the demand for the development of new health centers, which in turn will increase product penetration.
Significant growth is expected for the east-north central market due to the rapidly increasing demand for space heating, which will have a positive effect on the installation of boiler systems in the entire commercial sector. The region has a strong presence of major business and trade centers that have promoted the installation of efficient boiler systems for heating purposes, especially in harsh winter conditions.
The major industry players in the US commercial boiler market, including AO Smith, Fulton, Weil-McLain, etc., are building robust distribution networks to make products available to end users. The industry has also seen forward integration in after-sales services and sales, including maintenance, installation, retrofitting, and repair. In addition, the integration of digital surveillance systems to improve the value proposition for the end user has created a favorable business case.
Search the table of contents of this report at https://www.gminsights.com/toc/detail/US-commercial-boiler-market
Browse related report:
Commercial Boiler Market Forecasts by Fuel (Natural Gas, Oil, Coal), Application (Offices, Healthcare, Institutions, Housing, Retail), Capacity (0.3-2.5 MMBtu / h, 2.5-10 MMBtu / h, 10 -50 MMBtu / h, 50-100 MMBtu / h, 100-250 MMBtu / h), technology (condensing, non-condensing), industry analysis report, regional outlook, competitive market analysis and forecast to 2024
About global market insights
Global Market Insights Inc., based in Delaware, USA, is a global market research and advisory service provider providing syndicated and custom research reports and growth advisory services. Our business intelligence and industry research reports provide clients with penetrating insights and actionable market data that is specifically designed and presented to aid strategic decision-making. These comprehensive reports have been generated using a proprietary research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energies and biotechnology.
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Forecasts for the Commercial Boiler Industry in the United States from 2021-2027
SOURCE Global Market Insights Inc.