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Natural Gas Boilers Market Competitive Situation and Trends Forecasts to 2026

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Rahul Sharma
Natural Gas Boilers Market Competitive Situation and Trends Forecasts to 2026

24 June 2019 – The Global Natural Gas Boilers Market is expected to gain momentum over the upcoming years owing to the rapid urbanization and increasing manufacturing activities in the North America and Western European region. Rising demand for natural gas boilers from residential sector to keep houses warm and cozy during winter seasons is expected to drive the demand for natural gas boilers over the forecast period. Globally, natural gas boilers market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of natural gas boilers.

Increasing use of natural gas boilers for various end-use industries including chemical industry, refineries and metals & mining industry. Rising preference towards natural gas boilers over the oil boilers is expected to favor market demand over the coming years as well.

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Natural gas boilers offer several advantages over conventional gas boilers such as cost effectiveness, easy transportation and eco-friendly properties. Rapid urbanization in North America and European region is expected to stimulate current market demand for natural boilers. Booming housing sector and shifting preference towards green housing are further supporting market advancements over the past few years.

Based on region, the natural gas boiler market is classified into U.S., Canada, Russia, Switzerland, Italy, France, China, and India. The United States market is anticipated to witness significant CAGR over the forecast period owing to rising demand for natural gas boilers over oil boilers from local consumers. Japan is projected to witness significant growth over the forecast period attributed to increasing production by local companies. In addition, growing concerns regarding air quality and materials used in conventional gas boilers are estimated to fuel regional market growth in the forthcoming years.

The major market players in the natural gas boilers market include Slant/Fin Corp., Robert Bosch GmbH, AC BOILERS S.p.A., HTP Co., Lennox International Inc., The Viessmann Group, ACV LLC, Buderus Ltd., NTI Boilers, Inc., PB Heat LLC, Navien, Inc., Bradford White Corp., and Baxi Ltd.

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Rahul Sharma
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