(MENAFN- iCrowdNewsWire)The boiler is commercial facility is a sturdy and reliable piece of equipment that provides heating in building. Commercial boilers are pressurized systems that burn combustible fuel or use electricity to heat water that is used to provide heating in building. In the boiler, the burners or electric coils generate heat, which is transferred to the water by the heat exchanger. This process creates either hot water or steam depending on the type of water. The hot water or steam is circulated via pipes throughout commercial facility. The water or steam enters radiators or other components that disperse the heat providing the heating to keep indoor spaces comfortable. It commonly uses the natural gas a fuel. Other kinds of boilers are available that burn fuel oil or that use electric resistance coils to produce heating from electricity.

The Commercial Boilers Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players are:

Superior Boiler (United States),Thermax Company (India),Weil-McLain (United States),Stokvis Industrial Boilers (United Kingdom),Lochinvar LLC (United States),Sumitomo Corporation ((Japan),Robert Bosch GmbH (Germany),Parker Boiler Co. (United States),Saudi Boilers (Saudi Arabia),Viessmann Industry Company (Germany)

NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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The titled segments and sub-section of the market are illuminated below:

Type (Oil & Gas Boiler, Coal Boiler, Biomass Boiler and Other), Application (Schools, Hospitals, Office Building, Retail and Warehouse, Others), Capacity (0.3-2.5 MMBtu/hr, 2.5-10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr), Technology (Condensing, Non-Condensing)

Market Trends:

Rising Demand for Energy Efficient Boilers

Market Drivers:

Lower Operation and Maintenance Cost

Growing Need for Boilers across Cold Regions

Years considered for this report:

• Historical Years: 2015-2020
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2021-2026

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What benefits does AMA research study is going to provide?

• Latest industry influencing trends and development scenario
• Open up New Markets
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments

What are the market factors that are explained in the Commercial Boilers Market report?

– Key Strategic Developments:  Strategic developments of the market, comprising R & D, new product launch, M & A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.

– Key Market Features:  Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

– Analytical Tools:  The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Key Questions Answered in the Report:

• How much is the Commercial Boilers MarketWorth?
• What is the Growth Rate of the Commercial Boilers Market?
• Which Segment ofthe Commercial Boilers to Hold the Highest Market Share?
• Which Segment ofthe Commercial Boilers Market to Witness Fastest Growth Rate?
• Which Region to Hold the Biggest Market Share?
• Who are the Key Players of the Commercial Boilers Market?

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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