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Asia Pacific Electric Boiler Market Size

Report ID: GMI6608
Published Date: Sep 2023
Report Format: PDF

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APAC Electric Boiler Market Size

Asia Pacific Electric Boiler Market size was valued at USD 2.2 billion in 2022 and is estimated to expand at a CAGR of 12.9% between 2023 and 2032.

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An electric boiler is a unit that utilizes electricity for producing hot water & steam. It is simply arrangement of vessels and tube or closed vessel in which steam is generated from water to drive the turbine or engine. These units do not emit any carbon emissions as no fossil fuel is burned to produce heat.

Asia Pacific Electric Boiler Market Report Attributes
Report Attribute	Details
Base Year:	2022
Asia Pacific Electric Boiler Market Size in 2022:	USD 2.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	12.9%
2032 Value Projection:	USD 7.5 Billion
Historical Data for:	2019 to 2022
No. of Pages:	200
Tables, Charts & Figures:	459
Segments covered:	Capacity, Voltage Rating, Application
Growth Drivers:	Surging population and rising urbanization rate Stringent government norms to limit carbon emissions Increasing demand for advanced water & space heating technologies
Pitfalls & Challenges:	High electricity cost

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for electric boiler in APAC reached USD 2.2 billion in 2022 and is set to surpass USD 7.5 billion by 2032, due to the rising number of investments by public & private players toward the development of healthcare sector.

Asia Pacific ? 10 MMBtu/hr electric boiler industry recorded over 80% revenue share in 2022, owing to increasing applicability across commercial & industrial facilities including healthcare, primary metal manufacturing, pulp industries and refineries.

The commercial application segment is poised to cross USD 1.2 billion by 2032, driven by the ongoing upgradation of existing healthcare facilities.

China market size exceeded USD 1.2 billion in 2022, owing to the enactment and effective implementation of government regulations for controlling pollution coupled with the upsurge in the replacement of traditional heating systems.