Chemical Research

  Commercial boilers are heating equipment utilized across various industries and commercial facilities to generate steam for processes or warm water for heating or other applications. Boilers work by burning fuel to heat water and produce steam inside a closed vessel. Industrial processes such as power generation, chemical, food & beverage, paper & pulp among others require steam for different functionalities which is driving the demand for commercial boilers from these sectors. The global commercial boiler Market is estimated to be valued at US$ 16 Billion in 2023 and is expected to exhibit a CAGR of 5% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased demand from industries continues to accelerate the growth of the commercial boiler market. Energy efficiency standards imposed by regulatory bodies globally have compelled manufacturers to develop efficient boilers. Advanced commercial ...

  The global commercial boiler market is estimated to be valued at US$ 2.02 Bn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Commercial boilers are heating systems essential for many non-residential spaces such as hotels, hospitals, offices, schools and others. They provide steam or hot water needed for space heating, domestic hot water, humidification or process needs. Commercial boilers offer advantages like fuel flexibility to utilize natural gas, oil, propane or biomass as fuel sources. They provide high efficiency, lower emissions and improved durability. The growing construction of commercial spaces coupled with replacement of aging boilers is driving the demand in the market. Market key trends: The  commercial boiler market  is witnessing growing adoption of artificial intelligence technology. AI is helping in remote monitoring of boilers to predict main...