"Actionable Insights to Fuel Your Growth"

Gas Fired Boilers Market Size, Share and Global Trend By Material Type (Cast Iron, Stainless Steel, Cast Aluminum, Others), By Capacity (100-500 Kg/hr, 500-5,000 Kg/hr, >5,000 Kg/hr), By Application (Residential, Industrial, Commercial) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI100916 | Status : Ongoing



Boilers have applications in the industries in order to provide 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.

To gain extensive insights into the market, Request for Customization

By material type, the gas-fired boilers available in the market are cast iron, cast aluminum, and stainless steel gas-fired boilers among others. The heating efficiencies of the cast iron gas-fired boilers are lower as compared to the cast aluminum and stainless steel gas-fired boilers. The stainless steel gas-fired boilers exhibit the highest efficiency among the gas-fired boilers by material type.

By capacity, the gas-fired boilers are categorized depending on the output capacity as 100 to 500 Kg/hr, 500 to 5,000 Kg/hr and >5,000 Kg/hr. The capacities of the gas-fired boiler are designed as per their applications in the residential, commercial and industrial spaces. The residential applications use the small capacity of the gas-fired boilers, and commercial spaces and industries use all (small, medium, and high) capacities of gas-fired boilers.

Gas-fired boilers can achieve efficiencies up to 95%, which makes them more efficient as compared to the other boilers. Owing to this, the gas-fired boilers are expected to witness a surge in demand for residential and commercial applications in the coming years. The residential application of gas-fired boilers is for heating the water, and the growth in the construction of residential buildings is thus expected to drive the sales of gas-fired boilers in the coming years.

The gas-fired boilers are efficient than the oil-fired boilers, but the cost of the fuel which is natural gas or liquefied petroleum gas is higher as compared to the heating oil which is expected to retard the growth of gas-fired boilers market during the forecast period.

Key Players Covered

Some of the major companies that are present in the global gas-fired boiler market are Isjec Heavy Engineering Ltd., Forbes Marshall Pvt., Ltd, Alfa Laval AB, Thermodyne Engineering Systems (India), Carrier Corporation, U.S. Boiler Company, Inc., Viessmann Manufacturing 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.




By Material Type

· Cast Iron

· Stainless Steel

· Cast Aluminum

· Others

By Capacity

· 100-500 Kg/hr

· 500-5,000 Kg/hr

· >5,000 Kg/hr

By Application

· Residential

· Industrial

· Commercial

By Geography

· North America (the USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Regional Analysis

The global gas-fired boiler market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to create an excellent platform for the growth of the gas-fired boilers market in the coming years. The climatic conditions in the North America region have accelerated the growth of water heating equipment sales, owing to which the gas-fired boilers market is expected to grow at a decent rate in the North America region. Europe region has witnessed significant 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 expected to drive the sales of the gas-fired boilers in the region. Latin America region is expected to drive the gas-fired boilers market owing to the increasing demand from the commercial and industrial applications. The growth of the oil and natural gas industry in Latin America is expected to aid in the growth of the gas-fired boilers market 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 expected to boost the sales of gas-fired boilers market in the Middle East and Africa in the near future. Asia Pacific region is a high potential market for the growth of the gas-fired boilers market. The high population in the region has lowered the labor costs, 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 coming years is expected to remain high in the region.

Key Industry Developments

  • In June 2019, Rheem Manufacturing Company acquired Intergas Heating, a Dutch boiler manufacturer to expand its boiler and water heating equipment portfolio for both domestic as well as residential applications. Rheem Manufacturing Company is focused on the expansion of its global footprint in order to increase its sales
  • In April 2019, Lochinvar Ltd launched 4 models of empty fruit bunch ultra-low nitrogen dioxide gas-fired condensing boilers with an output range of 85 to 151 KW
  • In January 2019, Weil-McLain launched a gas boiler product line in order to meet the demand from the residential and commercial applications. The company launched the gas boilers under the brand names Ultra™ Series 4, Evergreen®, AquaBalance® Series 2, and GV90+®

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients


Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.