United Kingdom commercial boiler market – The increasing construction of commercial infrastructure and stringent government regulations are fueling the growth of the UK market during the forecast period from 2023 to 2027.
According to TechSci Research report, “United Kingdom Commercial Boiler Market By Fuel Type (Natural Gas, Oil, Coal, and Others), By Technology (Condensing and Non-Condensing), By Capacity (Less than 10 MMBtu/hr, 10-50 MMBtu/hr, and Others), By End User (Offices, Hospitals, Educational Institutions, Lodging, and Others), By Region, Competition Forecast & Opportunities, 2027”, the United Kingdom commercial is expected to grow with a single-digit CAGR in the forecast period. Increased safety demand for heating equipment and increasing construction of commercial buildings are the key factors driving the demand of the United Kingdom commercial boiler market.
A commercial boiler is a pressurized system that is used to provide hot water and steam for different applications. The heat or steam is then moved across the building through the pipes or radiators for space heating purposes. In the United Kingdom, buildings are dependent on heating systems to supply heat at low pressure, accelerating the installation of commercial boilers across buildings.
Stringent government policies focus on installing energy-efficient heating systems and regulations stating the need to reduce carbon footprint are creating growth avenues for the United Kingdom commercial boiler market. Increasing adoption of superior performing and sustainable solutions in the commercial heating market and ongoing investments to develop zero-emission buildings are expected to fuel the market growth in the forecast period.
However, the need to invest in frequent maintenance and cleaning may restrain the United Kingdom commercial boiler market growth in the forecast period.
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United Kingdom commercial boiler market is segmented into fuel type, technology, capacity, end user, regional distribution, and company.
Based on fuel type, the market is divided into natural gas, oil, coal, and others. Natural gas held the largest market share and is expected to maintain its dominance throughout the forecast period. Natural gas is continuously fed into the system by using pipes, eliminating the need to invest in storage and refilling. Natural gas handling is secure, and the total cost of ownership per unit of energy generated is low than other alternate fuels. Natural gas does not create pollution and ensures that there is no adverse effect on the power plant pipes, thereby requiring low maintenance costs, making it cost-effective over its counterparts.
Based on technology, the market is divided into condensing and non-condensing. Non-condensing technology is expected to capture the largest market share in the forecast period. It can significantly increase the building’s steady-state heating efficiency over standard boiler systems, are cost-effective, and have a longer life span. The installation of a non-condensing commercial boiler does not require an expert. The temperature in the non-condensing boiler is kept high enough to prevent the formation of water vapor in the flue gas from condensing, eliminating the formation of corrosion in the boiler.
Based on capacity, the market is divided into less than 10 MMBtu/hr, 10-50 MMBtu/hr, and others. Less than 10 MMBtu/hr is leading the market in terms of value and is projected to hold the largest market share in the forecast period. They are easy to install and are affordable as compared to other commercial boilers.
Based on the end user, the market is divided into offices, hospitals, educational institutions, lodging, and others. Hospitals are anticipated to account for significant market share in the forecast period due to the growing healthcare sector and high-end investments by the market players for infrastructure development. For enhanced experience to patients, healthcare institutions are actively installing heating systems to provide required heating in the hospital premises.
Major market players operating in the United Kingdom commercial boiler market are:
- 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 Solvay S.A.
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“High-end investments by the market players for research and development activities and finding innovative solutions to launch advanced commercial boilers having higher energy efficiency and low emission discharge are expected to create lucrative growth opportunities for the United Kingdom commercial boiler market in the forecast period.
Change in the consumer preference to invest in advanced commercial boilers instead of buying conventional boilers coupled with rapid industrialization and expanding gas network is expected to propel the United Kingdom commercial boiler market growth through 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.
“United Kingdom Commercial Boiler Market By Fuel Type (Natural Gas, Oil, Coal, and Others), By Technology (Condensing and Non-Condensing), By Capacity (Less than 10 MMBtu/hr, 10-50 MMBtu/hr, and Others), By End User (Offices, Hospitals, Educational Institutions, Lodging, and Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United Kingdom commercial boiler market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United Kingdom commercial boiler market.
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