North America Commercial Boiler Market Growthm

North America Commercial Boiler Market Growth Outlook with Industry
Review And Forecasts 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.

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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.

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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.

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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.

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