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.
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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.
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Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 –
2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
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2023
– 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments covered
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·
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
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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)
|
Report Scope:
In this report, United Kingdom commercial
boiler market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
United Kingdom Commercial Boiler Market,
By Fuel Type:
- Natural
Gas
- Oil
- Coal
- Others
- United Kingdom Commercial Boiler Market, By Technology:
- Condensing
- Non-Condensing
- United Kingdom Commercial Boiler Market, By Capacity:
- Less
than 10 MMBtu/hr
- 10-50
MMBtu/hr
- Others
- United Kingdom Commercial Boiler Market, By End User:
- Offices
- Hospitals
- Educational
Institutions
- Lodging
- Others
- United Kingdom Commercial Boiler
Market, By Region:
o London
o Southeast
o East Anglia
o Scotland
o Southwest
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom commercial boiler
market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
United Kingdom commercial boiler market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]