From GlobeNewswire: 2024-08-07 10:00:00

The Global Commercial Boiler Market is set to grow from USD 4.39 Billion in 2023 to USD 7.63 Billion by 2033, with a 5.68% CAGR. Commercial boilers provide heating and hot water to buildings using fuel or energy. Manufacturers are focusing on creating small, eco-friendly accessories to comply with legal requirements, but maintenance costs remain high. Natural gas dominates the market due to availability, cost-effectiveness, and environmental advantages over coal and oil. Condensing technology offers higher efficiency and safety, making it the preferred choice. Asia-Pacific is expected to lead the market, with Europe showing the fastest growth due to demand for efficient boilers in industries like healthcare and retail. Major vendors include Weil-McLain, Babcock and Wilcox Enterprises, Viessmann, and more. In January 2023, Babcock & Wilcox Enterprises partnered with Fidelis to produce clean hydrogen. The market is segmented by fuel type, technology, and region, offering revenue forecasts until 2033. Spherical Insights & Consulting provides in-depth market research and analysis tailored to meet strategic business objectives. For more information, contact +1 303 800 4326 (U.S.) or +91 90289 24100 (APAC) or email [email protected].



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