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Electric Boiler Market Share

Report ID: GMI5448
Published Date: Nov 2024
Report Format: PDF

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Electric Boiler Market Share

The manufacturers in the market are adopting several key strategies to maintain competitiveness and cater to growing demand for energy-efficient heating solutions. One prominent strategy is product innovation, focusing on developing high-efficiency, low-emission electric boilers that meet stringent environmental regulations and offer improved energy savings. The companies are also enhancing the integration of smart technologies into their electric boilers, such as IoT-enabled systems that allow remote monitoring and control, contributing to greater convenience and energy optimization.

Electric Boiler Market Companies

Major players operating in the electric boiler industry are:

ACV
Acme Engineering Products
Atlantic Boilers
Babcock Wanson
Bosch Industriekessel
Bradford White
Chromalox
Danstoker
Electro Industries
Ferroli
Flexiheat UK
Fulton
Hi-Therm Boilers
Laars Heating Systems
Lochinvar
P.M. Lattner Manufacturing
Parat Halvorsen
Precision Boilers
Thermodyne Boilers
Thermon
Vattenfall
Viessmann

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of electric boiler reached USD 11.7 billion in 2024 and is set to grow at a CAGR of 11.2% from 2025 to 2034, driven by rising investments in the healthcare sector.

The low voltage segment is expected to grow at a CAGR of over 10.5% through 2034, due to their compact size, minimal maintenance requirements, and lower emissions compared to traditional boilers.

The U.S. market is set to reach over USD 1.5 billion by 2034, led by strict emission regulations and increasing investments in green building initiatives.

The key players in the industry include ACV, Acme Engineering Products, Atlantic Boilers, Babcock Wanson, Bosch Industriekessel, Bradford White, Chromalox, Danstoker, Electro Industries, Ferroli, Flexiheat UK, Fulton, Hi-Therm Boilers and Viessmann.