UK Commercial Boiler Market Size By Fuel (Natural Gas, Oil, Coal, Electric), By Capacity, By Technology (Condensing, Non-Condensing), By Product (Hot Water, Steam), Application & Forecast Report, 2024 – 2032

UK Commercial Boiler Market Size By Fuel (Natural Gas, Oil, Coal, Electric), By Capacity, By Technology (Condensing, Non-Condensing), By Product (Hot Water, Steam), Application & Forecast Report, 2024 – 2032

UK Commercial Boiler Market Size

UK Commercial Boiler Market size surpassed USD 1.1 billion in 2023 and is anticipated to expand at 8.4% CAGR from 2024 to 2032, attributed to the commercial expansion due to the resurgent construction sector.

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The industry will witness an appreciable momentum owing to increased consumer awareness and environmental regulations promoting the installation of reliable and efficient heating units. The sector has observed a rise in space heating demands, which has contributed to the development of the industry. Extreme climatic conditions coupled with growing need for hot water systems equipped with intelligent space heating technologies will foster the industry outlook.

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COVID– 19 Impact

The COVID- 19 pandemic has adversely impacted the economy. The large scale lockdowns have resulted in closures of various business activities and infrastructure development projects Furthermore, the social distancing measures and reduced business activities have imposed financial constraints on the commercial enterprises and initiated a trend toward limited utilization of spaces. The lockdown has severely impacted retail stores, restaurants & bars, and public assembly, impacting the commercial boiler market growth in United Kingdom.

UK Commercial Boiler Market Analysis

The gas fired boiler industry crossed a valuation of USD 550 million in 2022. The competitive pricing of natural gas, along with the growing preference for sustainable technologies will augment the business landscape. The availability of abundant and easily accessible natural gas resources will further add to the industry growth. Moreover, strict government regulations aimed at promoting the use of low-emission fuels will positively impact the industry landscape.

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The ≤ 0.3 - 2.5 MMBtu/hr capacity commercial boilers market will witness growth rate of 8% during 2023-2032. Increasing applicability across wide tandem of applications including assemblies, lodgings, offices, schools, institutions, retail centers, and healthcare facilities will escalate the business potential. The product offers various advantages including low initial investment & maintenance cost and ease-of-installation which in turn will favor the industry scenario.

> 10 - 50 MMBtu/hr capacity boilers are set to grow on account of its wide scale utilization across warehouses, educational institutions and lodging sector. Ongoing investments toward the expansion of commercial establishments coupled with the soaring investments toward the refurbishment of healthcare facilities will propel the industry statistics.

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The commercial hot water boiler market is estimated to amass USD 1.2 billion by 2032. Surging upgradation of existing heating technologies with energy efficient systems will proliferate the business outlook. Consumers are also embracing new heating systems to comply with green building provisions and LEED certification guidelines, which is driving the industry demand. The affordable purchase price and integration of digital systems to improve monitoring in the modern systems will bolster the product penetration.

The condensing boiler industry observe 10.8% growth between 2023 and 2032. Increasing emphasis on reducing carbon footprints and conserving energy, will propel the adoption of these boilers. The Environmental Protection Agency (EPA) has implemented the National Emission Standards for Hazardous Air Pollutants (NESHAP) to regulate boiler emissions which in turn will drive the replacement of older boiler units with condensing units.

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 The healthcare application captured UK commercial boiler market share of 25% in 2022. Robust deployment of these units for space heating, water heating, and equipment sterilization across the sector will energize the industry dynamic. Growing demand for the diagnosis centers in line with surging upgradation of existing healthcare facilities will foster the business potential.

UK Commercial Boiler Market Share

The key industry market players are

• Babcock & Wilcox Enterprises ,Inc
• VIESSMANN
• The Fulton Companies
•  Clayton Industries
• Bosch Thermotechnology ,Ltd
• Cochran
• A.O. Smith Water Products Company B.V
• BDR Thermea Group
• Ferroli Ltd
• Vaillant Group
•  WOLF
• Hoval
• FONDITAL S.p.A
• ACV
• SIME
• Ariston Holding N.V
• Grundfos Pumps
• Immergas S.p.A

UK Commercial Boiler Industry News

• In April 2022, WOLF launched the CGB-2-68/75/100 gas condensing boiler, to meet the intensive needs of high thermal power. It features the latest technological innovations, regulation control capacity, and quality components. The product launch was aligned with the company’s strategy to cater to the heat demand from commercial consumers, thereby expanding its presence across the sector.
   
• In May 2022, The Fulton Companies launched a classic steam boiler. The new boiler has a compact, vertical tubeless design. Classic uses proven technology to deliver steam economically while delivering rugged, robust, and reliable operations. Additionally, Classic steam boilers are exempt from expensive and time-consuming SBG01 non-destructive testing requirements.

The UK Commercial Boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments

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Market, By Fuel

• Natural Gas
• Oil
• Coal
• Electric
• Others

Market, 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

Market, By Technology

• Condensing
• Non-Condensing

Market, By Product

• Hot Water
• Steam

Market, By Application

• Offices
• Healthcare Facilities
• Educational Institutions
• Lodgings
• Retail Stores
• Others

Frequently Asked Questions (FAQ)

How big is the UK commercial boiler market?

The market size of UK commercial boiler exceeded USD 1.1 billion in 2023 and is poised to attain 8.4% CAGR during 2024 to 2032, explains GMI report.

Which commercial boilers are in high demand across UK?

Hot water commercial boiler industry is set to surpass USD 1.2 billion by 2032 due to the upgradation of existing heating technologies with energy-efficient systems.

Why are commercial boilers in high demand across the healthcare sector in UK?

UK commercial boiler sector from the healthcare application held 25% share in 2022 attributed to robust deployment of these units for space heating, water heating, and equipment sterilization across the sector.

Who are the leading companies in the UK commercial boiler industry?

Leading market player are Babcock & Wilcox Enterprises, The Fulton Companies, Clayton Industries, Bosch Thermotechnology, Cochran, A.O. Smith Water Products Company, BDR Thermea Group, Ferroli, Vaillant Group, WOLF, Hoval, FONDITAL, ACV, SIME, and Ariston Holding.