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The global gas-fired boilers market is expected to grow at a CAGR of about 4.10% in the forecast period of 2024-2032, owing to the increasing demand for space and water heating.
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The North American region is anticipated to be one of the leading regions and an excellent platform for the growth of the market in the coming years. The climate in the North American region has accelerated the development of water heating equipment sales, owing to which the gas-fired boilers market is projected to grow at a decent growth rate in the North American region. The resurgent economic growth and ongoing investment in upgrading industrial facilities will stimulate the demand for gas-fired boilers. Changing consumer preferences toward processed food and rising disposable income will propel product demand across the food processing sector.
In recent years, Europe's commercial and chemical industries have experienced significant expansion, thereby expected to promote gas-fired boiler sales in the region. Due to the region's strict pollution regulations, Germany's gas-fired boiler market is expected to increase. The passage and successful execution of government legislation aimed at reducing industrial pollution have increased by replacing traditional heating systems. Old boiler inventory and growing efforts to maximise energy utilisation have led to the demand for high-efficiency gas-fired boilers.
A boiler is a closed vessel in which fluids are heated. Natural gas and liquefied petroleum gas are used as fuel in gas-fired boilers. In industrial and domestic settings, gas-fired boilers are commonly used to generate steam and hot water. In comparison to oil-fired boilers, gas-fired boilers can attain better levels of efficiency.
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Based on material type, the market includes:
The significant applications of the market are:
The regional markets for the gas-fired boilers market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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The global gas-fired boilers market growth is driven by regulatory initiatives to limit the environmental effect of greenhouse gas emissions and the rising demand for space and water heating. The European Union (EU), for example, has set a target of reducing GHG levels by 55 percent by 2030. Rapidly expanding population size and urbanisation on a global scale and focusing on cleaner fuel will augment the business landscape. Rising demand for speciality chemicals, the shift toward the consumption of processed food, and resurgent economic growth across key developing nations are anticipated to drive the gas-fired boiler market share. Supportive government policies toward the development of industrial facilities, along with increasing investment toward expansion of commercial centres and augmenting the infrastructure spending, will positively impact the business landscape. Since the development of residential buildings is increasing and gas-fired boilers are used to heat water in the residential sector, the market for gas-fired boilers is likely to rise.
The report gives a detailed analysis of the following key players in the global gas-fired boilers market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The major drivers of the market include the rapidly expanding population size, urbanisation, rising demand for speciality chemicals, shift toward the consumption of processed food, supportive government policies, increasing investment toward expansion of commercial centres, and development of residential buildings.
The regulatory initiatives to limit the environmental effect of greenhouse gas emissions and rising demand for space and water heating are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on material type, the market includes cast iron, stainless steel, and cast aluminium, among others.
The significant applications of the market are residential, commercial, and industrial.
The major players in the industry are Isgec Heavy Engineering Ltd., Forbes Marshall Pvt., Ltd, Carrier Corporation, U.S. Boiler Company, Inc., and Thermax Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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