The extensive use of these units for water and space heating in commercial facilities including along with flourishing real estate sector will positively sway the boiler market. Rising government expenditures in the healthcare sector combined with significant investments from both public and private entities will enhance the business landscape. Advancements in electric boiler technology have improved their efficiency making them a cost-effective alternative for heating in commercial settings. Additionally, the growing application of these units for sterilizing autoclave equipment will further bolster the industry scenario.
Authors:
Ankit Gupta, Shubham Chaudhary
Frequently Asked Questions (FAQ) :
The global market for commercial electric boiler was reached USD 1.9 billion in 2023 and is estimated to grow at a 15.5% CAGR from 2024 to 2032, driven by increasing demand for space heating solutions and decarbonization efforts.
The > 10 - 50 MMBtu/hr capacity commercial electric boiler industry will reach over USD 1 billion by 2032, propelled by significant government initiatives aimed at reducing carbon emissions and enhancing energy efficiency.
The steam commercial electric boiler market size will witness more than 15% CAGR through 2032, driven by the increasing need for low and medium-pressure steam applications in offices and educational institutions.
The U.S. market for commercial electric boiler is set to surpass USD 600 million by 2032, led by the rising demand for space heating and the necessity to upgrade aging commercial facilities.
Major players in the commercial electric boiler industry include Acme Engineering Products, ACV, Babcock Wanson, Bosch Industriekessel, Cleaver-Brooks, Cochran, Danstoker, Ecotherm Austria, Electro Industries, Flexiheat UK, Hi-Therm Boilers, Kloepper-Therm, LAARS Heating Systems, Lochinvar, Precision Boilers, SAS Lacaze Energies, Slant/Fin Corporation, Thermon, Varmebaronen, and Viessmann.
