Commercial boiler Market is estimated to be valued at USD 2.29 Bn in 2025 and is expected to reach USD 3.07 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 2.29 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
4.30%
2032 Value Projection:
USD 3.07 Bn
Commercial boilers are designed to offer a dependable, efficient supply of heating and hot water for a variety of different companies. These large-scale boilers perform a number of critical purposes, from keeping school classrooms warm to ensuring hot water is available on demand in leisure facility changing rooms. In this piece, we will look at how these appliances function, the many types available, and the more advanced features they can have.
Market Dynamics:
High summer and winter temperatures in mountain states increase demand for seasonal space heating. The Global Commercial boiler industry is expected to grow due to disposable income, tourism, and educational needs. Energy-efficient solutions are crucial for reducing operating expenses, capital investment, and utility system costs. Leading manufacturers prioritize compact designs and energy-efficient accessories, adhering to regulatory standards. The market is expected to focus on R&D activities.
On the other hand, high installation is expected to hamper the market growth.
Key features of the study:
This report provides in-depth analysis of the global commercial boiler market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global commercial boiler market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include A.O. Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works, Inc., Vaillant Group, and Weil-McLain
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global commercial boiler market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global commercial boiler market
Detailed Segmentation:
Global Commercial boiler Market, By Fuel type
Natural gas
Oil
Coal
Others
Global Commercial boiler Market, By Technology
Condensing
Non-condensing
Global Commercial boiler Market, By Capacity
Less than 10 MMBtu/hr
10-50 MMBtu/hr
Others
Global Commercial boiler Market, By End-User Industry
Offices
Hospitals
Educational Institutions
Lodging
Others
Global Commercial boiler Market, By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profiles
A.O. Smith Corporation
Bosch Thermotechnology
Cochran Limited
Cleaver-Brooks
Fulton Boiler Company
Parker Boiler
Slant/Fin Corporation
Superior Boiler Works, Inc.
Vaillant Group
Weil-McLain
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Fuel type
Market Snapshot, By Technology
Market Snapshot, By Capacity
Market Snapshot, By End User Industry
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Expansion of commercial tourism infrastructure
High installation cost
Rise in the demand for compact design of the steam boiler
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Commercial boiler Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Commercial boiler Market , By Fuel, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Natural Gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Coal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn) Oil
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Commercial boiler Market, By Technology, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Condensing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Non-condensing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
7. Global Commercial boiler Market, By Capacity, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Less than 10 MMBtu/hr
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
10-50 MMBtu/hr
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
8. Global Commercial boiler Market, By End User Industry, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Offices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Hospitals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Educational Institutes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Lodginf
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
9. Global Commercial boiler Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021 -2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
LAMEA
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)