North America Commercial Boiler Market

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North America Commercial Boiler Market Trends
Research Projections For 2022- 2028
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Industry Overview

• The North America commercial boiler market is
  slated to expand at a substantial rate through
  2028 owing to growing consumer inclination
  towards efficient and reliable heating systems.
• Recently, major industry players have been
  investing largely in clean energy and working on
  decreasing energy waste, which has positively
  influenced the product landscape. For instance,
  in February 2022, Babcock Wilcox Enterprises,
  the American environmental, renewable, and
  thermal energy technologies service provider,
  announced that its BW Renewable business unit
  had been granted a USD 22 million contract to
  design and supply advanced waste-to-energy
  technology to enable an Asian power company to
  reduce its coal dependence and the amount of
  waste that ends up in landfills. BW Renewable
  set out to build and deploy a 440-ton-a-day
  waste-to-energy boiler, along with the DynaGrate
  combustion grate as well as other combustion
  equipment like soot blowers and burners.
• The North America commercial boiler market has
  been segmented based on fuel, capacity,
  technology, product, application, and country. By
  fuel, the industry has been divided into natural
  gas, oil, and coal. The natural gas sub-segment
  is expected to record significant progress
  through the forecast period due to growing
  consumer awareness aided by regulatory reforms
  aimed at encouraging the installation of
  efficient and reliable heating units.

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• By product, the North America commercial boiler
  market has been divided into hot water and steam.
  The hot water sub-segment is anticipated to grow
  at a notable rate through the projected timeframe
  owing to the thriving real estate sector and
  rapid urbanization.
• By application, the North America commercial
  boiler industry has been categorized into
  offices, healthcare facilities, educational
  institutions, lodgings, and retail stores. The
  educational institutions sub-segment is expected
  to expand exponentially over the review timeline
  supported by government regulations that are
  targeted at limiting carbon emissions.
• Meanwhile, the lodgings sub-segment is estimated
  to witness considerable expansion by 2028.
  Increasing deployment of cost-effective systems
  to meet water heating and storage needs is
  speculated to bolster segmental growth over the
  projected timeframe.
• By capacity, the North America commercial boiler
  market has been classified into 0.3 - 2.5
  MMBtu/hr, gt 10 - 50 MMBtu/hr, gt 2.5 - 10
  MMBtu/hr, gt 50 - 100 MMBtu/hr, and gt 100 -
  250 MMBtu/hr.

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North America Commercial Boiler Market

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