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
Published on: 2024-12-08 | No of Pages : 320 | Industry : Power
Publisher : MIR | Format : PDF&Excel
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
United Kingdom commercial boiler market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. High demand from various commercial buildings such as offices, healthcare institutions, retail, lodgings, and educational institutions and growing adoption of clean heating solutions are the primary factors driving the United Kingdom commercial boiler market. Also, the growing investments for the development of green buildings and supportive government policies promoting the development of the gas network in the country are expected to accelerate the United Kingdom commercial boiler market growth for the next five years.
Increased Demand for Clean Heating Solutions Fuels the Market Growth
Supportive government policies promoting clean energy in the country and the implementation of strict emission regulations preventing the release of greenhouse emissions into the environment are bolstering the demand for clean and energy-efficient heating solutions. Buildings are significant contributors of greenhouse gases into the environment, and the government has released regulations and mandates to improve building efficiency and transform buildings into green buildings. Generally, natural gas is used in commercial boilers, which produces lower greenhouse emissions, thereby improving the system's overall efficiency. The need to replace the existing systems with advanced versions of the commercial systems in buildings is expected to proliferate the demand of the United Kingdom commercial boiler market in the next five years.
To comply with the strict emission norms, United Kingdom commercial boiler market players are introducing novel systems by improving the design and control of the system. Buildings install multiple commercial boilers to improve reliability and ensure a continuous hot water supply in the buildings. The rise in construction of commercial and residential buildings and the launch of energy-efficient systems in the market is expected to create lucrative growth opportunities for the United Kingdom market in the next five years.
High Demand from Healthcare Sector Fuels the Market Growth
A rise in the fund allocation by leading authorities and market players in the healthcare sector is projected to drive commercial boiler installation in the hospital premises. Healthcare facilities require large amounts of hot water for different purposes, including equipment sterilization, space heating, autoclaves, humidification, heating, and others, to provide quality healthcare services to patients. According to the United Kingdom government estimate, the healthcare expenditure in 2020 was USD 329.90 billion nominal terms increase of 20% on healthcare spending in 2019. The healthcare facilities are investing in modernization of the existing infrastructure and actively installing advanced commercial boilers to improve the services offered to patients. With the growth of the healthcare sector, the United Kingdom commercial boiler market is expected to witness a massive growth in the next five years.
Introduction of Connected Commercial Boilers Supports High Market Growth
Commercial boiler manufacturers continuously invest in research and development activities to manufacture advanced commercial boilers. The launch of connected commercial boilers is expected to garner significant customer attraction as they offer enhanced control to the consumer, and they are Wi-Fi enabled, which makes it possible to operate it from anywhere. Companies provide free repair & maintenance services and offer free quotes through video appointments to attract customers and stay ahead in the market.
Market Segmentation
The 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. Based on technology, the market is divided into condensing and non-condensing. Based on capacity, the market is divided into less than 10 MMBtu/hr, 10-50 MMBtu/hr, and others. Based on the end user, the market is divided into offices, hospitals, educational institutions, lodging, and others. To analyze the market based on the region, the United Kingdom Commercial Boiler market is studied in major regions namely London, Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside, and Rest of United Kingdom.
Market Players
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 Solvay S.A., are the major market players operating in the United Kingdom commercial boiler market.
Attribute |
Details |
Base Year |
2021 |
Historic Data |
2017 –
2020 |
Estimated Year |
2022 |
Forecast Period |
2023
– 2027 |
Quantitative Units |
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
Segments covered |
·
Fuel Type ·
Technology ·
Capacity ·
End User |
Regional scope |
London,
Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire &
Humberside, Rest of United Kingdom |
Key companies profiled |
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
Solvay S.A. |
Customization scope |
10%
free report customization with purchase. Addition or alteration to regional
& segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
Delivery Format |
PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request) |