Commercial Boilers

Global Commercial Boilers Market to Reach US$19.3 Billion by 2030

The global market for Commercial Boilers estimated at US$13.8 Billion in the year 2024, is expected to reach US$19.3 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Hot Water Commercial Boilers, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$10.5 Billion by the end of the analysis period. Growth in the Steam Commercial Boilers segment is estimated at 4.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.8 Billion While China is Forecast to Grow at 9.2% CAGR

The Commercial Boilers market in the U.S. is estimated at US$3.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Commercial Boilers Market – Key Trends & Drivers Summarized

What Are Commercial Boilers and Why Are They Essential for Heating Systems?

Commercial boilers are large-scale heating systems designed to generate hot water or steam for use in commercial buildings, industrial facilities, hospitals, schools, hotels, and other high-demand applications. These boilers use various fuel sources, including natural gas, oil, electricity, biomass, and hydrogen blends, to provide consistent heating and hot water for space heating, industrial processes, and district heating systems. Unlike residential boilers, commercial boilers are built for high-efficiency performance, longer operational life, and the ability to handle large heating loads.

As businesses and institutions prioritize energy efficiency, sustainability, and compliance with emission regulations, the demand for advanced commercial boilers is growing. Modern boiler systems are being designed with condensing technology, smart control integration, and lower NOx (nitrogen oxide) emissions to improve efficiency while minimizing environmental impact. Additionally, the push toward decarbonization and the integration of renewable energy sources in heating infrastructure are reshaping the commercial boiler market, making it more environmentally friendly and cost-effective.

How Are Technological Advancements Enhancing Commercial Boiler Efficiency?

Innovations in boiler technology have significantly improved efficiency, emissions control, and automation in commercial heating systems. Condensing boilers, which capture and reuse latent heat from exhaust gases, have become the industry standard for reducing fuel consumption and improving thermal efficiency to over 90%. These systems are widely adopted in commercial applications, particularly in regions with stringent energy efficiency regulations.

Digitalization is also transforming the commercial boiler industry, with smart controls, IoT connectivity, and AI-driven diagnostics optimizing boiler operations. Smart boiler management systems enable remote monitoring, predictive maintenance, and real-time performance adjustments, ensuring minimal energy waste and lower operational costs. Additionally, advancements in modular boiler systems allow businesses to scale heating capacity based on demand, improving flexibility and energy savings. The shift toward hydrogen-ready and hybrid boiler systems, which integrate with heat pumps and renewable energy sources, is further enhancing the sustainability of commercial heating solutions.

Which Industries and Applications Are Driving the Demand for Commercial Boilers?

The commercial real estate sector is one of the largest consumers of commercial boilers, with office buildings, shopping malls, and hotels requiring reliable heating and hot water solutions. The hospitality industry, including resorts and restaurants, relies on commercial boilers for space heating, food preparation, and sanitary water supply. Similarly, the healthcare sector, including hospitals and nursing homes, demands high-efficiency boiler systems to support medical facilities, sterilization, and climate control.

Educational institutions, manufacturing plants, and industrial facilities also drive market demand, using commercial boilers for heating large spaces and supporting various industrial processes. Additionally, district heating projects and municipal infrastructure developments are increasingly adopting high-efficiency commercial boilers to meet urban heating requirements. As businesses and institutions look for cost-effective and energy-efficient heating solutions, the demand for advanced commercial boiler systems is expected to grow.

What Is Driving the Growth of the Commercial Boilers Market?

The growth in the commercial boilers market is driven by increasing energy efficiency regulations, advancements in boiler technology, rising demand for sustainable heating solutions, and the expansion of commercial and industrial infrastructure. Governments worldwide are implementing stricter emission standards, compelling businesses to replace outdated boilers with energy-efficient and low-emission alternatives. The transition toward hydrogen-ready and biofuel-compatible boilers is further shaping the future of the market, supporting global decarbonization efforts.

The growing adoption of smart heating systems, digital monitoring, and predictive maintenance solutions is also fueling market expansion, as businesses seek to optimize energy use and reduce operating costs. Additionally, the rising demand for modular and hybrid heating systems, which combine traditional boilers with renewable energy sources like solar thermal and heat pumps, is increasing the market’s appeal. As sustainability becomes a top priority in commercial heating infrastructure, the commercial boilers market is poised for significant growth, driven by technological advancements and evolving regulatory frameworks worldwide.

SCOPE OF STUDY:

The report analyzes the Commercial Boilers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Hot Water Commercial Boilers, Steam Commercial Boilers); Capacity (= 0.3 - 2.5 MMBtu/hr Capacity, > 2.5 - 10 MMBtu/hr Capacity, > 10 - 50 MMBtu/hr Capacity, > 50 - 100 MMBtu/hr Capacity, > 100 - 250 MMBtu/hr Capacity)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• A. O. Smith Corporation
• Babcock & Wilcox Enterprises, Inc.
• Baxi
• Burnham Commercial Boilers
• Clayton Industries
• Cleaver-Brooks
• De Dietrich Remeha
• Fulton Boiler Works, Inc.
• Hurst Boiler and Welding Company
• Johnston Boiler Company
• Laars Heating Systems Company
• Lochinvar, LLC
• Miura America Co., Ltd.
• Parker Boiler Company
• Rentech Boiler Systems, Inc.
• U.S. Boiler Company
• Vaillant Group
• Viessmann Group
• Weil-McLain
• Worcester Bosch Group

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.