PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628210
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628210
Electric Boiler Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Electric Boiler Market, valued at USD 11.7 billion in 2024, is projected to grow at a robust CAGR of 11.2% from 2025 to 2034. This growth is driven by increasing public and private sector investments in the healthcare industry. The expansion and modernization of hospitals, clinics, and other healthcare facilities are boosting the demand for efficient heating systems, further strengthening the market outlook.
Electric boilers operate by using electricity to heat water or produce steam, which can power turbines or engines. Unlike conventional boilers that burn fossil fuels, these systems rely on electrical resistance for heating. As a result, they offer a cleaner alternative with zero carbon emissions, making them an attractive solution for environmentally conscious industries and residential applications.
The <= 10 MMBtu/hr segment is expected to surpass USD 25 billion by 2034, driven by stringent emission regulations and efforts to enhance energy efficiency in smaller buildings. These boilers deliver superior performance, including higher efficiency and lower emissions, while providing optimal comfort. Their ability to meet modern energy standards makes them a preferred choice for residential and small-scale commercial applications.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $11.7 Billion |
| Forecast Value | $34.6 Billion |
| CAGR | 11.2% |
Meanwhile, the low voltage electric boiler segment is anticipated to grow at a CAGR of over 10.5% during the forecast period. These systems are gaining traction due to their compact design, minimal maintenance requirements, and cost-effective operation. In addition to reducing greenhouse gas emissions, they offer a cleaner and more sustainable heating solution than traditional options. The rising need to replace outdated and inefficient heating systems is expected to further accelerate market adoption.
The U.S. electric boiler market is poised to reach over USD 1.5 billion by 2034, supported by stringent environmental regulations and an increasing focus on sustainable construction. The push for green building initiatives and the expansion of residential and industrial infrastructures are creating favorable growth opportunities. Moreover, economic development and rising investments in manufacturing facilities are expected to enhance market dynamics across the country.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Market estimates & forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Strategic outlook
- 4.3 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Capacity, 2021 - 2034 (Units & USD Million)
- 5.1 Key trends
- 5.2 <= 10 MMBtu/hr
- 5.3 > 10 - 50 MMBtu/hr
- 5.4 > 50 - 100 MMBtu/hr
- 5.5 > 100 - 250 MMBtu/hr
- 5.6 > 250 MMBtu/hr
Chapter 6 Market Size and Forecast, By Voltage Rating, 2021 - 2034 (Units & USD Million)
- 6.1 Key trends
- 6.2 Low voltage
- 6.3 Medium voltage
Chapter 7 Market Size and Forecast, By Application, 2021 - 2034 (Units & USD Million)
- 7.1 Key trends
- 7.2 Residential
- 7.3 Commercial
- 7.3.1 Offices
- 7.3.2 Healthcare facilities
- 7.3.3 Educational institutions
- 7.3.4 Lodgings
- 7.3.5 Retail stores
- 7.3.6 Others
- 7.4 Industrial
- 7.4.1 Food processing
- 7.4.2 Pulp & paper
- 7.4.3 Chemical
- 7.4.4 Refinery
- 7.4.5 Primary metal
- 7.4.6 Others
Chapter 8 Market Size and Forecast, By Region, 2021 - 2034 (Units & USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 France
- 8.3.2 UK
- 8.3.3 Poland
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Austria
- 8.3.7 Germany
- 8.3.8 Sweden
- 8.3.9 Russia
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Philippines
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Australia
- 8.4.7 Indonesia
- 8.5 Middle East & Africa
- 8.5.1 Saudi Arabia
- 8.5.2 Iran
- 8.5.3 UAE
- 8.5.4 Nigeria
- 8.5.5 South Africa
- 8.6 Latin America
- 8.6.1 Argentina
- 8.6.2 Chile
- 8.6.3 Brazil
Chapter 9 Company Profiles
- 9.1 ACV
- 9.2 Acme Engineering Products
- 9.3 Atlantic Boilers
- 9.4 Babcock Wanson
- 9.5 Bosch Industriekessel
- 9.6 Bradford White
- 9.7 Chromalox
- 9.8 Danstoker
- 9.9 Electro Industries
- 9.10 Ferroli
- 9.11 Flexiheat UK
- 9.12 Fulton
- 9.13 Hi-Therm Boilers
- 9.14 Laars Heating Systems
- 9.15 Lochinvar
- 9.16 P.M. Lattner Manufacturing
- 9.17 Parat Halvorsen
- 9.18 Precision Boilers
- 9.19 Thermodyne Boilers
- 9.20 Thermon
- 9.21 Vattenfall
- 9.22 Viessmann
