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Gas Fired Boilers Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Viessmann, WOOD, Forbes Marshall, Babcock & Wilcox,

25 Mar, 2022 | 116 Pages
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Global Gas Fired Boilers Market Size will register a 5.1% CAGR in terms of revenue, is expected to reach $ 12740 million by 2027, from $ 10440 million.



Gas Fired Boilers Market Overview



Boilers have applications in the industries in order to offer hot water or steam as a utility to numerous processes. The boiler manufacturers have also developed various boilers for residential and commercial heating applications. The different types of boilers available in the market include oil fired boilers, gas-fired boilers, and coal-fired boilers, among others. The classification of the boilers is done on the basis of the efficiency of heating and fuel type used.The oil-fired boilers use heating oil as fuel while the gas-fired boilers use natural gas and liquified petroleum gas as fuel. The gas-fired boilers generally provide higher efficiency as compared to other types of boilers. The gas-fired boilers are easy to maintain and clean as compared to the oil-fired boilers.Gas boilers along with furnaces are fuelled either by natural gas or propane with little modification that account for several features of fuel however fuel comes at a cheaper rate than propane. Number of retrofits are made believable by the gas fired boilers. Yet, before proceeding with any of the retrofits, added benefits should be considered that one could receive through the replacement of furnace.When compared to other boilers, gas-fired boilers achieve the efficacy of 95% which makes them more potent and hence these boilers are expected to see a rise in the demand for both commercial and residential segments in coming years. As there is growth in the construction of residential buildings and the usage of gas-fired boilers in residential segment is to heat water, there is expected to be a surge in the market of gas-fired boilers. Strict regulations in an effort to control the traditional boilers induced releases will increase the demand for gas-fired boilers. In addition, there has been a paradigm shift towards the cleaner fuel which will increase the demand for gas-fired boilers even more.



Industry Updates:




  • JUN 11, 2012, Viessmann launches a new gas fired boiler for compact installations-

    Viessmann has launched a new model to its line of 5.9 to 35 kW gas fired condensing boilers. The Vitodens 111-W is perfect for homes where space is limited; it can be wall-mounted and, because installers need only access the front of the boiler for servicing, it can be cited in alcoves and other hard to reach locations. The Vitodens 111-W has a high flow rate making it an ideal solution for homes suffering from low cold water mains pressure.

  • Sep 10, 2013, Panasonic and Viessmann to Sell Europe's First Fuel Cell Cogeneration System for Homes-

    iessmann Group and Panasonic Corporation have jointly developed a new fuel cell cogeneration system, which will become the first polymer electrolyte fuel cell (PEFC) fuel cell system available for single-homes in Europe. It will be sold by Viessmann, starting in Germany in April 2014.



What are the major Applications, Types and Regions for Gas Fired Boilers Market?



Gas Fired Boilers Market is segmented based on the type, applications, companies and regions.



Market Volume (%) By Type, it is segmented into




  • Cast Iron

  • Stainless Steel

  • Cast Aluminum

  • Other



By Capacity Type:




  • 1-5 MW

  • 5-10 MW

  • 11-25 MW

  • >25 MW



The segment of 1-5 MW holds a comparatively larger share in global market, which accounts for about 61%.



By Applications it is segmented into




  • Commercial

  • Industrial

  • Residential

  • Other



The commercial holds an important share in terms of applications, and accounts for 65% of the market share.



Gas Fired Boilers Market Regional Analysis



North America region is anticipated to make an excellent platform for the growth of the gas-fired boilers market in recent future. The climate in the North America region has accelerated the growth of water heating equipment sales, owing to which the gas-fired boilers market is projected to grow at a decent rate in the North America region. Latin America region is anticipated to initiate the gas-fired boilers market owing to the increasing demand from the commercial and industrial applications.



Europe has witnessed noteworthy growth in the commercial spaces and the chemical industry in the recent past. The growth of the commercial spaces and chemical industry in Europe is anticipated to drive the sales of the gas-fired boilers in the region.



The Middle East and Africa region have developed new commercial spaces owing to the increasing tourism in the region. The growth of the commercial spaces in the region is anticipated to boost the sales of gas-fired boilers market in the Middle East and Africa in the recent future.



Asia Pacific is a region with high potential for the growth of the gas-fired boilers market. The labour costs are reduced due to high population, which has added to the growth of different industries, commercial spaces, and residential buildings in the region. Owing to this, the demand for the gas-fired boilers in the future is expected to remain high in the region.



All these factors greatly affect the Gas Fired Boilers market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Gas Fired Boilers Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Gas Fired Boilers Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Gas Fired Boilers Market report scope?



The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.























































Report Attributes



 



Report Details



 



Forecast Period 2022 to 2027 CAGR (Value and Volume)



 



CAGR of 5.1% during the review period (2022 to 2027).



 



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)



By Material Type:




  • Cast Iron

  • Stainless Steel

  • Cast Aluminum

  • Others



By Capacity Type:




  • 1-5 MW

  • 5-10 MW

  • 11-25 MW

  • >25 MW



 



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • Commercial

  • Industrial

  • Residential

  • Others



Quantitative units



Revenue in USD million/billion and CAGR from 2022 to 2027



By Companies



Viessmann, WOOD, Forbes Marshall, Babcock & Wilcox, Miura, Rentech Boiler, Fulton, Hurst Boiler & Welding Company, Inc., Ferroli, Hoval, Parker Boiler, Fondital, Isjec Heavy Engineering Ltd., Alfa Laval AB, Thermodyne Engineering Systems (India), Carrier Corporation, U.S. Boiler Company, Inc., Thermax limited, Lochinvar Ltd, Weil-McLain, Microtech Boilers Pvt. Ltd., ThyssenKrupp AG, Bosch Industriekessel GmbH, Westinghouse Electric Corporation, Rite Engineering and Manufacturing Corporation, Sofinter S.p.a, and Velocity Boiler Works



 



 



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



 



 



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



2022



 



Historical Year



 



 



2017 to 2021



 



Forecast Year



 



 



2022 to 2027



 



Customization Available



 



 



Yes, the report can be customized as per your needs




Key Takeaways from this Gas Fired Boilers Report




  • Evaluate Gas Fired Boilers market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Gas Fired Boilers market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Questions



What is the study period of this market?



The Gas Fired Boilers Market is studied from 2017 - 2027.



What is the growth rate of Gas Fired Boilers Market?



The Gas Fired Boilers Market is growing at a CAGR of 5.1% over the next 5 years.



Who are the key players in Gas Fired Boilers Market?



Viessmann, WOOD, Forbes Marshall, Babcock & Wilcox, Miura, Rentech Boiler, Fulton, Hurst Boiler & Welding Company, Inc., Ferroli, Hoval, Parker Boiler, Fondital, Isjec Heavy Engineering Ltd., Alfa Laval AB, Thermodyne Engineering Systems (India), Carrier Corporation, U.S. Boiler Company, Inc., Thermax limited, Lochinvar Ltd, Weil-McLain, Microtech Boilers Pvt. Ltd., ThyssenKrupp AG, Bosch Industriekessel GmbH, Westinghouse Electric Corporation, Rite Engineering and Manufacturing Corporation, Sofinter S.p.a, and Velocity Boiler Works



What region does this Gas Fired Boilers Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Gas Fired Boilers Market?



Cast Iron, Stainless Steel, Cast Aluminum, Others, 1-5 MW, 5-10 MW,  11-25 MW, >25 MW, Others



What are the major end-use applications of Gas Fired Boilers Market?



Commercial, Industrial, Residential, Others.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH

      4. RESEARCH FLOW





  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL GAS FIRED BOILERS MARKET BY TYPES

    3. GLOBAL GAS FIRED BOILERS MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR GAS FIRED BOILERS



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1.  GAS FIRED BOILERS GROWTH

      2. APPLICATION OF GAS FIRED BOILERS



    4. IMPACT OF COVID 19



  5. GLOBAL GAS FIRED BOILERS MARKET, BY TYPES

    1. Introduction

    2. Cast Iron

    3. Stainless Steel

    4. Cast Aluminum

    5. Other            



  6. GLOBAL GAS FIRED BOILERS MARKET, BY APPLICATION

    1. Introduction

    2. Commercial

    3. Industrial

    4. Residential

    5. Others   



  7. GLOBAL  GAS FIRED BOILERS  MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Viessmann,

      2. WOOD,

      3. Forbes Marshall,

      4. Babcock & Wilcox,

      5. Miura,

      6. Rentech Boiler,

      7. Fulton,

      8. Hurst Boiler & Welding Company, Inc.,

      9. Ferroli,

      10. Hoval,

      11. Parker Boiler,

      12. Fondital,

      13. Isjec Heavy Engineering Ltd.,

      14. Alfa Laval AB,

      15. Thermodyne Engineering Systems (India),

      16. Carrier Corporation,

      17. U.S. Boiler Company, Inc.,

      18. Thermax limited,

      19. Lochinvar Ltd, Weil-McLain,

      20. Microtech Boilers Pvt. Ltd.,

      21. ThyssenKrupp AG,

      22. Bosch Industriekessel GmbH,

      23. Westinghouse Electric Corporation,

      24. Rite Engineering and Manufacturing Corporation,

      25. Sofinter S.p.a, and Velocity Boiler Works





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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