North America Commercial Boiler Market, By Fuel (Natural Gas, Oil, Coal), By Capacity (≥ 0.3 - ≤ 2.5 MMBtu/hr, > 2.5 - ≤ 10 MMBtu/hr, > 10 - ≤ 50 MMBtu/hr, > 50 - ≤ 100 MMBtu/hr, > 100 - ≤ 250 MMBtu/hr), By Technology (

North America Commercial Boiler Market, By Fuel (Natural Gas, Oil, Coal), By Capacity (≥ 0.3 - ≤ 2.5 MMBtu/hr, > 2.5 - ≤ 10 MMBtu/hr, > 10 - ≤ 50 MMBtu/hr, > 50 - ≤ 100 MMBtu/hr, > 100 - ≤ 250 MMBtu/hr), By Technology (Condensing, Non-condensing), By Product (Hot Water, Steam), By Application (Offices, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores), COVID-19 Impact Analysis, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2028

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 B&W 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. B&W 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.

By capacity, the North America commercial boiler market has been classified into ≥ 0.3 - ≤ 2.5 MMBtu/hr, > 10 - ≤ 50 MMBtu/hr, > 2.5 - ≤ 10 MMBtu/hr, > 50 - ≤ 100 MMBtu/hr, and > 100 - ≤ 250 MMBtu/hr. The ≥ 0.3 - ≤ 2.5 MMBtu/hr sub-segment is primed to register strong growth because of increased investments in commercial center expansion as well as surging investments towards upgradation of healthcare facilities. The > 2.5 - ≤ 10 MMBtu/hr sub-segment is set to depict a CAGR of around 4.4% through 2028.

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.