Gas Fired Boiler

Global Gas Fired Boiler Market to Reach US$79.9 Billion by 2030

The global market for Gas Fired Boiler estimated at US$58.0 Billion in the year 2024, is expected to reach US$79.9 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2024-2030. Below 10 MMBtu/hr Capacity, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$34.0 Billion by the end of the analysis period. Growth in the 10 - 50 MMBtu/hr Capacity segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$15.8 Billion While China is Forecast to Grow at 8.7% CAGR

The Gas Fired Boiler market in the U.S. is estimated at US$15.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.0 Billion by the year 2030 trailing a CAGR of 8.7% 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 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Global Gas Fired Boiler Market – Key Trends & Drivers Summarized

Why Are Gas Fired Boilers the Preferred Choice for Heating and Industrial Applications?

Gas fired boilers have become the go-to heating solution for residential, commercial, and industrial applications due to their efficiency, cost-effectiveness, and lower emissions compared to coal and oil-fired alternatives. These boilers operate by burning natural gas or liquefied petroleum gas (LPG) to produce steam or hot water for space heating, manufacturing processes, and power generation. Their high thermal efficiency, quick startup times, and ability to maintain steady temperatures make them an ideal choice for a wide range of applications, from home heating systems to large-scale industrial plants.

One of the primary reasons for the increasing adoption of gas fired boilers is their environmental benefits. Compared to conventional coal-fired boilers, gas boilers emit significantly lower levels of carbon dioxide (CO2), nitrogen oxides (NOx), and sulfur dioxide (SO2), contributing to cleaner air and compliance with stringent emissions regulations. Governments and regulatory bodies worldwide are pushing for greener energy solutions, and natural gas-fired boilers provide an effective means of reducing the carbon footprint of heating systems. Additionally, advancements in boiler design, such as condensing technology and improved burner efficiency, have further enhanced the energy savings and performance of modern gas fired boilers, making them an attractive option for both residential and industrial users.

Which Sectors Are Driving the Demand for Gas Fired Boilers?

The demand for gas fired boilers is increasing across multiple sectors, driven by the need for efficient and sustainable heating solutions. In the residential and commercial sectors, gas boilers are widely used for central heating and hot water supply in homes, office buildings, hotels, and hospitals. The growing urban population and expanding real estate sector have led to increased installations of gas boilers in newly constructed buildings. Additionally, district heating networks, which provide centralized heating to entire neighborhoods or cities, are increasingly integrating gas fired boilers due to their efficiency and reliability.

In the industrial sector, gas fired boilers play a crucial role in manufacturing, food processing, textiles, chemicals, and power generation. Industries rely on high-pressure steam for sterilization, drying, and other production processes, making gas boilers an essential part of their operations. The shift towards cleaner energy sources has prompted many factories to replace outdated coal-fired boilers with natural gas alternatives, reducing emissions and energy costs. The pharmaceutical and healthcare industries also require precise temperature control for sterilization and laboratory processes, further fueling the demand for high-efficiency gas fired boilers. With industrialization expanding in emerging economies, the market for gas fired boilers is expected to see sustained growth in the coming years.

How Are Technological Innovations Enhancing Gas Fired Boiler Efficiency?

Technological advancements have significantly improved the efficiency, safety, and environmental performance of gas fired boilers. One of the most important innovations in this field is condensing boiler technology, which captures and reuses heat from exhaust gases to increase thermal efficiency. Condensing boilers can achieve efficiencies of over 90%, significantly reducing fuel consumption and operational costs. Additionally, low NOx burner technology has been developed to minimize nitrogen oxide emissions, helping industries comply with strict environmental regulations while maintaining high efficiency.

Automation and digital monitoring have also transformed boiler operations, allowing real-time performance tracking, remote diagnostics, and predictive maintenance. Smart sensors and AI-powered analytics can detect inefficiencies, optimize fuel usage, and prevent potential breakdowns before they occur. Furthermore, hybrid heating systems that combine gas boilers with renewable energy sources, such as solar thermal or biomass, are gaining popularity as industries seek to further reduce their carbon footprint. These advancements in boiler technology are making gas fired boilers more sustainable, cost-effective, and adaptable to modern heating needs.

What Factors Are Driving the Growth of the Gas Fired Boiler Market?

The growth in the gas fired boiler market is driven by several factors, including increasing regulatory pressure to reduce emissions, rising demand for energy-efficient heating solutions, and the ongoing transition from coal and oil-fired boilers to cleaner gas-based alternatives. Governments worldwide are implementing strict energy efficiency standards and emissions regulations, compelling industries and residential users to adopt high-performance gas fired boilers. The shift towards urbanization and infrastructure development, particularly in emerging economies, has also led to increased demand for reliable heating systems in both residential and commercial buildings.

Additionally, the expansion of natural gas distribution networks has made gas fired boilers more accessible, facilitating their adoption in regions that previously relied on coal or oil for heating. The integration of advanced technologies such as condensing heat recovery, smart automation, and hybrid heating systems has further enhanced the market appeal of gas boilers. The industrial sector`s need for efficient steam and heat generation for production processes continues to be a major growth driver. As energy efficiency and sustainability become top priorities for industries and consumers alike, the gas fired boiler market is expected to witness sustained growth, driven by technological advancements, regulatory support, and increasing environmental awareness.

SCOPE OF STUDY:

The report analyzes the Gas Fired Boiler market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Capacity (Below 10 MMBtu/hr Capacity, 10 - 50 MMBtu/hr Capacity, 50 - 100 MMBtu/hr Capacity, 100 - 250 MMBtu/hr Capacity, Above 250 MMBtu/hr Capacity); Technology (Condensing Technology, Non-Condensing Technology); Application (Residential Application, Commercial Application, Industrial Application)

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 34 Featured) -

• A.O. Smith Corporation
• Alpha Heating Innovation
• Ariston Thermo Group
• Baxi Heating
• Bosch Thermotechnik GmbH
• Bradford White Corporation
• Buderus
• Carrier Corporation
• Ferroli S.p.A.
• Glow-worm
• Ideal Boilers
• Lennox International Inc.
• Navien, Inc.
• Noritz Corporation
• Rheem Manufacturing Company
• Rinnai Corporation
• Slant/Fin Corporation
• Vaillant Group
• Viessmann Group
• Worcester Bosch

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.

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