Gas Fired Boilers Market Report and Forecast 2025-2034

The global gas-fired boilers market is expected to grow at a CAGR of about 4.10% in the forecast period of 2025-2034, owing to the increasing demand for space and water heating.

North America to be a Significant Regional Market for Gas Fired Boilers

The North American region is anticipated to be one of the leading regions and an excellent platform for the growth of the market in the coming years. The climate in the North American region has accelerated the development of water heating equipment sales, owing to which the gas-fired boilers market is projected to grow at a decent growth rate in the North American region. The resurgent economic growth and ongoing investment in upgrading industrial facilities will stimulate the demand for gas-fired boilers. Changing consumer preferences toward processed food and rising disposable income will propel product demand across the food processing sector.

In recent years, Europe's commercial and chemical industries have experienced significant expansion, thereby expected to promote gas-fired boiler sales in the region. Due to the region's strict pollution regulations, Germany's gas-fired boiler market is expected to increase. The passage and successful execution of government legislation aimed at reducing industrial pollution have increased by replacing traditional heating systems. Old boiler inventory and growing efforts to maximise energy utilisation have led to the demand for high-efficiency gas-fired boilers.

Market Segmentations

Global Gas Fired Boilers Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Breakup by Material Type

• Cast Iron
• Stainless Steel
• Cast Aluminum
• Others

Breakup by Application

• Residential
• Commercial
• Industrial

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Increasing Awareness About Environment Degradation Augmenting the Market Growth

The global gas-fired boilers market growth is driven by regulatory initiatives to limit the environmental effect of greenhouse gas emissions and the rising demand for space and water heating. The European Union (EU), for example, has set a target of reducing GHG levels by 55 percent by 2030. Rapidly expanding population size and urbanisation on a global scale and focusing on cleaner fuel will augment the business landscape. Rising demand for speciality chemicals, the shift toward the consumption of processed food, and resurgent economic growth across key developing nations are anticipated to drive the gas-fired boiler market share. Supportive government policies toward the development of industrial facilities, along with increasing investment toward expansion of commercial centres and augmenting the infrastructure spending, will positively impact the business landscape. Since the development of residential buildings is increasing and gas-fired boilers are used to heat water in the residential sector, the market for gas-fired boilers is likely to rise.

Key Players in the Global Gas Fired Boilers Market

The report gives a detailed analysis of the following key players in the global gas-fired boilers market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Isgec Heavy Engineering Ltd.
• Forbes Marshall Pvt., Ltd
• Carrier Corporation
• U.S. Boiler Company, Inc.
• Thermax limited
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.