Asia Pacific Electric Boiler Market Size – By Capacity, By Voltage Rating, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

Asia Pacific Electric Boiler Market Size

The Asia Pacific electric boiler market was valued at USD 2.8 billion in 2024 and is estimated to grow at a CAGR of 12.6% from 2025 to 2034. The region’s ambitious decarbonization targets and the integration of renewable energy into heating solutions will energize the business dynamics. Additionally, the electrification of heating systems as part of broader decarbonization efforts will fuel product penetration.
 

An electric boiler is a device that uses electricity to produce hot water or steam. It consists of a closed vessel and an arrangement of tubes where steam is generated from water to power turbines or engines. Since no fossil fuels are burned to generate heat, these units operate without emitting carbon emissions. The industry will experience significant growth on account of increasing investments toward sustainable infrastructure and the rising focus on reducing carbon emissions.
 

Asia Pacific Electric Boiler Market Trends

Increasing investments from public and private sectors in the healthcare industry will foster the boiler market. The sector is poised for expansion owing to the rapid construction of new hospitals, nursing homes, and clinics, as well as the modernization of existing facilities to accommodate more patients. Additionally, the rising adoption of these heating technologies across commercial establishments including federal institutions, universities, schools, and airports will augment the business landscape. Furthermore, seasonal demand for hot water and steam in hot and humid regions, particularly during winter months, is set to further enhance industry potential.
 

Asia Pacific Electric Boiler Market Analysis

The ≤ 10 MMBtu/hr electric boiler market will exceed USD 7.5 billion by 2034. The growing use of boilers across commercial and industrial facilities including healthcare, pulp industries, primary metal manufacturing and refineries will strengthen the industry landscape. Heightened concerns about carbon emissions and the need for energy efficiency have prompted regulators to implement stringent standards, driving the demand for these boilers.
 

The medium voltage electric boiler market size will witness a growth rate over 13% through 2034. Stringent legislative measures to curb greenhouse gas emissions coupled with the growing adoption of low-emission heating systems will foster business growth. Energy-efficient regulations and standards aimed at improving efficiency further promote the use of advanced heating technologies. These compacted boiler systems require minimal maintenance, resulting in lower operational costs. Additionally, they produce fewer emissions and residues than traditional boilers, boosting their appeal across diverse sectors. The increasing need to replace outdated and inefficient heating methods will contribute to the industry potential.
 

The ongoing modernization of healthcare facilities in line with the widespread adoption of these products in the lodging and retail sectors will energize the industry scenario. The robust development of green buildings along with the expansion of the real estate sector will further enhance business opportunities. Rising demand for energy-efficient heating systems coupled with increasing initiatives to promote energy conservation will fuel product penetration. Moreover, the ongoing replacement of outdated heating units supported by legislation encouraging the adoption of efficient boilers will strengthen the industry prospects.
 

China electric boiler market is set to reach over USD 5 billion by 2034. The enforcement and effective implementation of government regulations to control pollution along with the growing replacement of traditional heating systems will stimulate the business landscape. Strict emission control policies combined with national objectives to reduce carbon footprints will drive increased adoption of these products. Furthermore, the industry has experienced significant growth owing to stringent emission standards and rising investments in the development of green buildings, accelerating the business potential.
 

Asia Pacific Electric Boiler Market Share

The manufacturers operating across the market are focusing on several key strategies to expand their presence and cater to the region's growing demand for energy-efficient solutions. These strategies include technological innovation, with companies investing heavily in advanced electric boiler designs that offer higher efficiency, reduced carbon emissions, and improved safety features. Partnerships and collaborations are also prevalent, as manufacturers team up with local utility providers and governments to comply with regional energy standards and promote sustainable energy initiatives.
 

Asia Pacific Electric Boiler Market Companies

Major players operating in the Asia Pacific electric boiler industry are:

• Acme Engineering Products
• Atlantic Boilers
• Babcock Wanson
• Bosch Industriekessel
• Bradford White Corporation
• Cerney
• Chromalox
• Danstoker
• Ecotherm
• Ferroli
• Flexiheat
• Fulton
• Hi-Therm Boilers
• Klopper-Therm
• Laars Heating Systems
• Lochinvar
• Precision Boilers
• Thermon
• Thermodyne Boilers
• Viessmann
   

Asia Pacific Electric Boiler Industry News

• In March 2024, Bradford White Corporation unveiled a suite of innovative products from its Laars Heating Systems division at the Canadian Mechanical and Plumbing Exposition in Toronto. A highlight was the Commercial Wall-Hung Boiler, available in 301 and 399 MBH sizes. This cutting-edge unit features a robust stainless-steel firetube heat exchanger, delivering an impressive 95% efficiency and a 10:1 turndown ratio. It stands out as the optimal solution for high-performance heating requirements.
   

• In July 2022, Flexiheat has launched a cutting-edge 15-kW electric boiler, now recognized as a premier solution for hot water systems and central heating. This state-of-the-art boiler is designed to replace conventional gas and oil boilers, significantly reducing carbon footprints. Its advanced design includes an integrated pump, vessel, and pressure relief valve, which simplifies installation by eliminating the need for extensive piping and plumbing. This innovation ensures 100% efficiency, delivering exceptional performance to end users.
   

This Asia Pacific electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) & revenue (USD Million) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Capacity

• ≤ 10 MMBTU/hr
• > 10 - 50 MMBTU/hr
• > 50 - 100 MMBTU/hr
• > 100 - 250 MMBTU/hr
• > 250 MMBTU/hr

Market, By Voltage Rating

• Low Voltage
• Medium Voltage

Market, By Application

• Residential
• Commercial
  • Offices
  • Healthcare Facilities
  • Educational Institutions
  • Lodgings
  • Retail Stores
  • Others
• Industrial
  • Food Processing
  • Pulp & Paper
  • Chemical
  • Refinery
  • Primary Metal
  • Others

The above information has been provided for the following countries:

• China
• India
• Philippines
• Japan
• South Korea
• Australia
• Indonesia