Home > Energy & Power > Electrical Equipment > Boilers > Asia Pacific Electric Boiler Market

Asia Pacific Electric Boiler Market Trends

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

Download Free Sample

Asia Pacific Electric Boiler Market Trends

Surging investments by the public & private players toward the development of healthcare sector will energize the business dynamics. The industry is set to witness an upsurge owing to robust construction of new hospitals, nursing homes, and clinics along with ongoing refurbishment of existing infrastructure to incorporate more patients. Moreover, the growing popularity of boilers for space and water heating across various commercial establishments including federal institutions, universities, schools, and airports, will positively influence the business outlook. Moreover, there is a seasonal demand for hot water & steam from hot humid regions, especially during winters, accelerating the industry potential.

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.