Global Gas-fired Boiler Market - Forecast(2023 - 2028)

Report Code: EPR 0082 Report Format: PDF + Excel

Gas Fired Boiler Market Overview:

The gas fired boiler market is a large and growing market, valued at USD 49.2 billion in 2022 and projected to reach USD 89.3 billion by 2030, growing at a CAGR of 7.8% during the forecast period The market is driven by the increasing demand for space heating, the growing popularity of modular boilers, and the increasing focus on energy efficiency. 

The gas-fired boiler market is a growing industry that provides efficient heating solutions using natural gas as fuel. These boilers are widely used in residential, commercial, and industrial sectors due to their low carbon emissions and cost-effectiveness. With increasing demand for eco-friendly heating solutions and energy-efficient technologies, gas-fired boilers have gained popularity. Advancements in technology, coupled with government initiatives promoting clean energy adoption, are driving market growth. The market's future prospects are promising, with manufacturers focusing on product innovations to enhance efficiency and reduce environmental impact, thereby meeting the rising global demand for sustainable heating solutions.

Market Snapshot:

Gas Fired Boiler Market - Report Coverage:

The “Gas Fired Boiler Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Gas Fired Boiler Market.
 

                      Attribute

                        Segment

  By type

  • Vertical

  • Horizontal

  

By Application

  • School

  • Hospital

  • Guesthouse

  • Factory

  • Family

  • Other

  By Capacity

  • Small, Medium

  • Large

By Technology

  • Condensing

  • Non-condensing

By Fuel Type

  • Natural Gas
  • Propane
  • Biogas
  • Others

By End user

  • Residential

  • Commercial

  • Industrial


By Geography

  • North America (U.S., Canada, Mexico)

  • Europe (Germany, UK, France, Italy, Rest of Europe)

  • Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)

  • LAMEA (Latin America, Middle East, Africa)


Gas Fired Boiler Market Report – Top Trends


Increased demand for space and water heating: Gas fired boilers are a reliable and efficient way to heat homes and businesses. As the demand for space and water heating increases, so too will the demand for gas fired boilers. 

Stringent emission regulations: Governments around the world are tightening emission regulations in an effort to reduce air pollution. Gas fired boilers are a cleaner burning fuel than other options, such as oil or coal. This makes them a more attractive option for businesses and homeowners who are looking to comply with emission regulations.

Technological advancements: Manufacturers are constantly developing new and innovative gas fired boilers that are more efficient and reliable. These advancements are making gas fired boilers a more attractive option for consumers.

The increasing popularity of condensing boilers: Condensing boilers are more efficient than traditional boilers and can save consumers money on their energy bills. As a result, they are becoming increasingly popular. 

The growing demand for modular boilers: Modular boilers are pre-assembled in factories and can be easily transported and installed. This makes them a more convenient option for businesses and homeowners who are looking to replace their old boilers. 

Gas Fired Boiler Market- Company Product Analysis


Viessmann: Viessmann is a German manufacturer of heating and cooling systems. The company offers a wide range of gas fired boilers, including condensing boilers, modular boilers, and commercial boilers. 

Slant/Fin: Slant/Fin is an American manufacturer of boilers and other heating and cooling equipment. The company offers a variety of gas fired boilers, including residential boilers, commercial boilers, and industrial boilers.

Hurst Boiler & Welding: Hurst Boiler & Welding is an American manufacturer of boilers and other industrial equipment. The company offers a variety of gas fired boilers, including water tube boilers, fire tube boilers, and specialty boilers.

Sellers Manufacturing: Sellers Manufacturing is an American manufacturer of boilers and other industrial equipment. The company offers a variety of gas fired boilers, including water tube boilers, fire tube boilers, and specialty boilers.

Weil-McLain: Weil-McLain is an American manufacturer of boilers and other heating and cooling equipment. The company offers a variety of gas fired boilers, including residential boilers, commercial boilers, and industrial boilers. 

Key Market Players:


Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Market. The top 10 companies in this industry are listed below:
  1. Viessmann
  2. Slant/Fin
  3. Hurst Boiler & Welding
  4. Sellers Manufacturing
  5. Weil-McLain
  6. Babcock & Wilcox
  7. Fulton Boiler Works
  8. Forbes Marshall
  9. Thermax Limited
  10. Alfa Laval AB

Scope of Report:


                    Report Metric

                          Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

7.8%

Market Size in 2030

$ 89.3 Billions

Segments Covered

By Type, By Application, By Capacity, By Technology, By Fuel Type, By End-use Industry, By Geography



Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).




Key Market Players

  1. Viessmann
  2. Slant/Fin
  3. Hurst Boiler & Welding
  4. Sellers Manufacturing
  5. Weil-McLain
  6. Babcock & Wilcox
  7. Fulton Boiler Works
  8. Forbes Marshall
  9. Thermax Limited
  10. Alfa Laval AB


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                  1. Gas fired Boiler Market Overview
                     1.1 Definitions and Scope
                  2. Gas fired Boiler Market Executive Summary
                     2.1 Market Revenue, Market Size and Key Trends by Company
                     2.2 Key Trends by type of Application
                     2.3 Key Trends segmented by Geography
                  3. Gas fired Boiler Market Comparative Analysis
                     3.1 Company Benchmarking - Key Companies
                     3.2 Global Financial Analysis - Key Companies
                     3.3 Market Share Analysis - Key Companies
                     3.4 Patent Analysis
                     3.5 Pricing Analysis
                  4. Gas fired Boiler Market Start-up Companies Scenario (Premium)
                     4.1 Key Start-up Company Analysis by
                     4.2 Investment
                     4.3 Revenue
                     4.4 Venture Capital and Funding Scenario
                  5. Gas fired Boiler Market– Market Entry Scenario Premium (Premium)
                     5.1 Regulatory Framework Overview
                     5.2 New Business and Ease of Doing Business Index
                     5.3 Case Studies of Successful Ventures
                  6. Gas fired Boiler Market Forces
                     6.1 Market Drivers
                     6.2 Market Constraints
                     6.3 Market Challenges
                     6.4 Porter's Five Force Model
                     6.5 Bargaining Power of Suppliers
                     6.6 Bargaining Powers of Customers
                     6.7 Threat of New Entrants
                     6.8 Rivalry Among Existing Players
                     6.9 Threat of Substitutes
                  7. Gas fired Boiler Market – Strategic Analysis
                     7.1 Value Chain Analysis
                     7.2 Opportunities Analysis
                     7.3 Market Life Cycle
                  8. Gas fired Boiler Market – By type (Market Size – $Million/$Billion) 
                     8.1 Market Overview
                       8.1.1 Key Market Trends & Growth Opportunities 
                       8.1.2 Basis Point Share (BPS) Analysis 
                       8.1.3 Absolute $ Opportunity Assessment 
                     8.2 Gas fired Boiler Market Size Forecast 
                       8.2.1 Vertical
                       8.2.2 Horizontal
                     8.3 Market Attractiveness Analysis 
                  9. Gas fired Boiler Market– By Application (Market Size – $Million/$Billion) 
                     9.1 Market Overview
                       9.1.1 Key Market Trends & Growth Opportunities 
                       9.1.2 Basis Point Share (BPS) Analysis 
                       9.1.3 Absolute $ Opportunity Assessment 
                     9.2 Gas fired Boiler Market Size Forecast 
                       9.2.1 School
                       9.2.2 Hospital
                       9.2.3 Guesthouse
                       9.2.4 Factory
                       9.2.5 Family
                       9.2.6 Other
                     9.3 Market Attractiveness Analysis 
                  10.  Gas fired Boiler Market– By Capacity (Market Size – $Million/$Billion)
                     10.1 Introduction
                       10.1.1 Key Market Trends & Growth Opportunities 
                       10.1.2 Basis Point Share (BPS) Analysis 
                       10.1.3 Absolute $ Opportunity Assessment 
                     10.2 Gas fired Boiler Market Size Forecast 
                       10.2.1 Small(100-500 Kg/hr)
                       10.2.2 Medium(500-5,000 Kg/hr)
                       10.2.3 Large(>5000 Kg/hr)
                     10.3 Market Attractiveness Analysis 
                  11. Gas fired Boiler Market - By Technology 
                     11.1 Introduction
                       11.1.1 Key Market Trends & Growth Opportunities 
                       11.1.2 Basis Point Share (BPS) Analysis 
                       11.1.3 Absolute $ Opportunity Assessment 
                     11.2 Gas fired Boiler Market Size Forecast By Technology
                       11.2.1 Condensing
                       11.2.2 Non-condensing
                     11.3 Market Attractiveness Analysis 
                  12. Gas fired Boiler Market - By Fuel Type
                     12.1 Key Market Trends & Growth Opportunities 
                     12.2 Basis Point Share (BPS) Analysis 
                     12.3 Absolute $ Opportunity Assessment 
                     12.4 Gas fired Boiler Market Size Forecast 
                       12.4.1 Natural Gas
                       12.4.2 Propane
                       12.4.3 Biogas
                     12.5 Market Attractiveness Analysis 
                  13. Gas fired Boiler Market - By End-use Industry
                     13.1 Introduction
                       13.1.1 Key Market Trends & Growth Opportunities 
                       13.1.2 Basis Point Share (BPS) Analysis 
                       13.1.3 Absolute $ Opportunity Assessment 
                     13.2 Gas fired Boiler Market Size Forecast 
                       13.2.1 Residential
                       13.2.2 Commercial
                       13.2.3 Industrial
                     13.3 Market Attractiveness Analysis 
                  14. Gas fired Boiler Market – By Region (Market Size – $Million/$Billion) 
                     14.1 Market Overview.
                       14.1.1 The U.S.
                       14.1.2 Canada
                       14.1.3 Mexico
                     14.2 Europe
                       14.2.1 UK
                       14.2.2 Germany
                       14.2.3 France
                       14.2.4 Italy
                       14.2.5 Spain
                       14.2.6 Russia
                       14.2.7 Rest of Europe
                     14.3 Asia-Pacific
                       14.3.1 China
                       14.3.2 India
                       14.3.3 Japan
                       14.3.4 South Korea
                       14.3.5 Australia & New Zealand
                       14.3.6 Rest of Asia-Pacific
                     14.4 LAMEA
                       14.4.1 Brazil
                       14.4.2 Argentina
                       14.4.3 Chile
                       14.4.4 Colombia
                       14.4.5 Rest of South America
                     14.5. North America
                       14.5.1 Middle East
                       14.5.2 Africa
                  15. Gas fired Boiler Market– Entropy
                  16. Gas fired Boiler Market– Industry/Segment Competition Landscape Premium 
                     16.1 Market Share Analysis
                       16.1.1 Market Share by Product Type – Key Companies
                       16.1.2 Market Share by Region – Key Companies
                       16.1.3 Market Share by Country – Key Companies
                     16.2 Competition Matrix
                     16.3 Best Practices for Companies
                  17. Gas fired Boiler Market– Key Company List by Country Premium Premium 
                  18. Gas fired Boiler Market Company Analysis
                     18.1 Bosch Thermotechnology
                     18.2 Viessmann Werke GmbH & Co. KG
                     18.3 Fulton Boiler Works, Inc.
                     18.4 Hurst Boiler & Welding Co., Inc.
                     18.5 Clayton Industries
                     18.6 IHI Corporation
                     18.7 Forbes Marshall Private Limited
                     18.8 Weil-McLain
                     18.9 Alfa Laval AB
                     18.10 Mitsubishi Hitachi Power Systems, Ltd.
                     18.11 Thermax Limited
                     18.12 Babcock & Wilcox Enterprises, Inc.
                     18.13 A.O. Smith Corporation
                     18.14 Ferroli S.p.A.
                     18.15 SAACKE GmbH
                     18.16 Cochran Ltd.
                     18.17 BDR Thermea Group
                     18.18 Burnham Holdings, Inc.
                     18.19 Cleaver-Brooks, Inc.
                     18.20 Victory Energy Operations.
                     
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                  The Global Gas-fired Boiler Market is projected to grow at 7.8 % CAGR during the forecast period 2023-2030.

                  Global Gas Fired Boiler Market size is estimated to reach $ 89.34 Billion by 2030.

                  The leading players in the Gas Fired Boiler Market are Viessmann, Slant/Fin, Hurst Boiler & Welding, Sellers Manufacturing, Weil-McLain, Babcock & Wilcox, Fulton Boiler Works, Forbes Marshall, Thermax Limited, and Alfa Laval AB.