Commercial Boilers Market 2019
Description: –
According to a new report, the global commercial boilers market is expected to witness steep growth in the approaching years. Commercial Boilers are normally used to produce steam and heat water for space heating in offices, hotels, apartment buildings, hospitals, schools, and similar facilities.
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Key Players
Viessmann Werke
Bosch’s Thermotechnology
HTP
Lochinvar
British Gas
Vaillant
Lennox
Bryant Carrier
ECR International
Ferroli Industrial Heating
Erensan
Hurst Boiler
ATTSU TERMICA
Teha
Byworth Boilers
Caldereria Lopez Hermanos
Pirobloc
Proodos Industrial Boilers
Weishaupt
OLMAR
Magnabosco
Indeck Group
Sellers Manufacturing
BDR Thermea
The key factors driving the commercial boilers market size include the growing number of commercial and residential buildings, growing safety needs regarding healthy equipment, eco-friendliness and increasing government initiatives by will further fuel the demand for commercial boilers in the coming years. However, the higher cost for regular cleaning and maintenance expenses are crucial factors which might hamper the sales of these boilers in the coming years. Though, the manufacturers of the commercial boilers are continuously focusing on creating compact designs and energy-efficient accessories for these boilers along with reducing the overall cost of these boilers as well.
The report focuses on the latest market trends, drivers and some of the challenges as well in the Global Commercial Boilers Market.
Market Segmentation
The global commercial boilers market has been segregated into type and industry. Based on the type, the market has been divided into Oil & Gas Boiler, Coal Boiler and Biomass Boiler. Based on the industry, the market is divided into Schools, Hospitals and Office Building.
Detailed Regional Analysis
The global market of the commercial boilers market has been segmented across North America, Europe, India, Japan, China, Southeast Asia, Central & South America and Middle East & Africa (MEA). The North American market is expected to gain a significant share in the market and will grow at a higher CAGR in the coming years. Cold countries like Canada and the US are projected to account higher value; moreover, due to the increasing demand of commercial and residential buildings, the market of these boilers is expected to propel in the future. Meanwhile, the APAC and East Africa regions is also showing significant growth owing to the increasing popularity of these boilers and enhancement in the technology will trigger the market size in the coming years. Moreover, increasing demand from the food industry in emerging regions for the natural gas-fired boilers and various government initiatives to use clean energy and reduce dependency on the fossil fuel directly or indirectly will further influence the commercial boilers market. European countries such as UK, Germany also promote the use of commercial boilers mainly due to industrial advancements and rise in government initiatives to reduce the emission of harmful gases and environmental pollutants as well which will boost the market greatly.
Competitive Landscape
Growing competition among the key market players is expected to expand the global commercial boilers market in the coming years. The global market is highly fragmented due to the presence of leading players in this market. The key players operating in this market might enter into new acquisitions & mergers, joint ventures with the regional companies to cater to the growing demand of industrial boilers.
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Table of Contents – Major Key Points
- Commercial Boilers Product Definition
- Global Commercial Boilers Market Manufacturer Share and Market Overview
- Manufacturer Commercial Boilers Business Introduction
- Global Commercial Boilers Market Segmentation (Region Level)
- Global Commercial Boilers Market Segmentation (Product Type Level)
- Global Commercial Boilers Market Segmentation (Industry Level)
- Global Commercial Boilers Market Segmentation (Channel Level)
- Commercial Boilers Market Forecast 2019-2024
Continued….
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