Commercial Boilers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Commercial Boilers Market is expected to witness growth at a CAGR of 4.63% over the forecast period. The outbreak of COVID 19 has hampered the market by restricting the manufacturing operation of essential water heating and water treatment products. Various government bodies worldwide have imposed a strict lockdown, resulting in different commercial projects shutting down. As a result, operations in commercial building sectors such as offices, educational institutions, and the hospitality industry have impacted the market.
Key HighlightsThe Commercial Boilers Market is moderately fragmented with the presence of some global and regional players. Some of the key players are Cochran Limited, Bosch Thermotechnology, and A.O. Smith Corporation, among others. The players in this market are introducing new innovative products and forming partnerships and collaborations to gain a competitive advantage in the market.
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