Commercial Boiler Market Size 2022-27, Analysis, Industry Trends, Report, Share, Growth and Forecast
The latest research study " Commercial Boiler Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027 " by IMARC Group, finds that the global commercial boiler market reached a value of US$ 1.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.56 Billion by 2027 exhibiting a CAGR of 4.20% during 2022-2027. Commercial boilers are pressurized systems that use combustible fuels or electricity to heat water and provide heating services in commercial buildings. They contain a burner, heat exchanger, controls, combustion chamber, and exhaust stack. Some commonly available commercial boilers include water tube, electric, fire tube, vertical, and condensing boilers. According to the type of boiler, the burner or electric coil produces hot water or steam, which is transferred via pipes throughout the building. As a result, these systems find widespread applications across offi...