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.