United Kingdom Commercial Boiler Market to be dominated by Hospitals Sector till 2027
Stringent government
regulations and growing construction of commercial infrastructure are expected
to drive the demand of the United Kingdom commercial boiler market throughout
the forecast period.
According to TechSci Research report, “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”, the United Kingdom commercial is expected to
grow with a single-digit CAGR in the forecast period. Increased safety demand
for heating equipment and increasing construction of commercial buildings are
the key factors driving the demand of the United Kingdom commercial boiler
market.
A commercial boiler is a pressurized system that is
used to provide hot water and steam for different applications. The heat or
steam is then moved across the building through the pipes or radiators for
space heating purposes. In the United Kingdom, buildings are dependent on
heating systems to supply heat at low pressure, accelerating the installation
of commercial boilers across buildings.
Stringent government policies focus on installing
energy-efficient heating systems and regulations stating the need to reduce
carbon footprint are creating growth avenues for the United Kingdom commercial
boiler market. Increasing adoption of superior performing and sustainable
solutions in the commercial heating market and ongoing investments to develop
zero-emission buildings are expected to fuel the market growth in the forecast
period.
However, the need to invest in frequent maintenance
and cleaning may restrain the United Kingdom commercial boiler market growth in
the forecast period.
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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. Natural gas held the
largest market share and is expected to maintain its dominance throughout the
forecast period. Natural gas is continuously fed into the system by using
pipes, eliminating the need to invest in storage and refilling. Natural gas
handling is secure, and the total cost of ownership per unit of energy
generated is low than other alternate fuels. Natural gas does not create pollution
and ensures that there is no adverse effect on the power plant pipes, thereby
requiring low maintenance costs, making it cost-effective over its
counterparts.
Based on technology, the
market is divided into condensing and non-condensing. Non-condensing technology
is expected to capture the largest market share in the forecast period. It can
significantly increase the building's steady-state heating efficiency over
standard boiler systems, are cost-effective, and have a longer life span. The
installation of a non-condensing commercial boiler does not require an expert.
The temperature in the non-condensing boiler is kept high enough to prevent the
formation of water vapor in the flue gas from condensing, eliminating the
formation of corrosion in the boiler.
Based on capacity, the market
is divided into less than 10 MMBtu/hr, 10-50 MMBtu/hr, and others. Less than 10
MMBtu/hr is leading the market in terms of value and is projected to hold the
largest market share in the forecast period. They are easy to install and are
affordable as compared to other commercial boilers.
Based on the end user, the
market is divided into offices, hospitals, educational institutions, lodging,
and others. Hospitals are anticipated to account for significant market share
in the forecast period due to the growing healthcare sector and high-end
investments by the market players for infrastructure development. For enhanced
experience to patients, healthcare institutions are actively installing heating
systems to provide required heating in the hospital premises.
Major
market players operating in the United Kingdom commercial boiler market are:
·
A.O. Smith Corporation
·
Bosch Thermotechnology
·
Cochran Limited
·
Cleaver-Brooks
·
Fulton Boiler Company
·
Parker Boiler
·
Slant/Fin Corporation
·
Superior Boiler Works, Inc.
·
Vaillant Group
·
Weil-McLain Solvay S.A.
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“High-end
investments by the market players for research and development activities and
finding innovative solutions to launch advanced commercial boilers having
higher energy efficiency and low emission discharge are expected to create
lucrative growth opportunities for the United Kingdom commercial boiler market
in the forecast period. Change in the consumer preference to invest in advanced
commercial boilers instead of buying conventional boilers coupled with rapid
industrialization and expanding gas network is expected to propel the United
Kingdom commercial boiler market growth through 2027” said Mr. Karan Chechi,
Research Director with TechSci Research, a global research-based management
consulting firm.
“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” has
evaluated the future growth potential of United Kingdom commercial boiler
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of United Kingdom commercial
boiler market.
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