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Electric Boiler Market Size

Report ID: GMI5448
   |
Published Date: November 2024
 | 
Report Format: PDF

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Electric Boiler Market Size

The global electric boiler market size was valued at USD 11.7 billion in 2024 and is estimated to grow at a CAGR of 11.2% from 2025 to 2034. Rising investments from public and private sectors in the healthcare industry are set to fuel the industry scenario. This surge is anticipated owing to the strong development of new hospitals, nursing homes, and clinics along with the ongoing refurbishment of existing facilities to accommodate more patients. For instance, in 2023, the healthcare spending increased by over 4% across the U.S.
 

Electric Boiler Market

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An electric boiler is a unit that uses electricity to produce hot water and steam consisting of an arrangement of vessels and tubes or a closed vessel where steam is generated from water to power a turbine or engine. Unlike traditional boilers that rely on fossil fuels, electric boilers use electrical resistance to heat water within a closed vessel or tubing arrangement. These units generate no carbon emissions since they do not burn fossil fuels to produce heat.
 

 

Authors: Ankit Gupta, Shubham Chaudhary
Frequently Asked Question(FAQ) :
How much is the U.S. electric boiler market worth by 2034?
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.
Who are the major players in the electric boiler industry?
How big is the global electric boiler market?
How fast is the low voltage electric boiler industry growing?
Electric Boiler Market Scope

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definitions

1.2    Market estimates & forecast parameters

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid

1.4.2.2    Public

Chapter 2   Executive Summary

2.1    Industry synopsis, 2021 - 2034

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Regulatory landscape

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.2    Industry pitfalls & challenges

3.4    Growth potential analysis

3.5    Porter's Analysis

3.5.1    Bargaining power of suppliers

3.5.2    Bargaining power of buyers

3.5.3    Threat of new entrants

3.5.4    Threat of substitutes

3.6    PESTEL Analysis

Chapter 4   Competitive Landscape, 2024

4.1    Introduction

4.2    Strategic outlook

4.3    Innovation & sustainability landscape

Chapter 5   Market Size and Forecast, By Capacity, 2021 – 2034 (Units & USD Million)

5.1    Key trends

5.2    ≤ 10 MMBtu/hr

5.3    > 10 - 50 MMBtu/hr

5.4    > 50 - 100 MMBtu/hr

5.5    > 100 - 250 MMBtu/hr

5.6    > 250 MMBtu/hr

Chapter 6   Market Size and Forecast, By Voltage Rating, 2021 – 2034 (Units & USD Million)

6.1    Key trends

6.2    Low voltage

6.3    Medium voltage

Chapter 7   Market Size and Forecast, By Application, 2021 – 2034 (Units & USD Million)

7.1    Key trends

7.2    Residential

7.3    Commercial

7.3.1    Offices

7.3.2    Healthcare facilities

7.3.3    Educational institutions

7.3.4    Lodgings

7.3.5    Retail stores

7.3.6    Others

7.4    Industrial

7.4.1    Food processing

7.4.2    Pulp & paper

7.4.3    Chemical

7.4.4    Refinery

7.4.5    Primary metal

7.4.6    Others

Chapter 8   Market Size and Forecast, By Region, 2021 – 2034 (Units & USD Million)

8.1    Key trends

8.2    North America

8.2.1    U.S.

8.2.2    Canada

8.2.3    Mexico

8.3    Europe

8.3.1    France

8.3.2    UK

8.3.3    Poland

8.3.4    Italy

8.3.5    Spain

8.3.6    Austria

8.3.7    Germany

8.3.8    Sweden

8.3.9    Russia

8.4    Asia Pacific

8.4.1    China

8.4.2    India

8.4.3    Philippines

8.4.4    Japan

8.4.5    South Korea

8.4.6    Australia

8.4.7    Indonesia

8.5    Middle East & Africa

8.5.1    Saudi Arabia

8.5.2    Iran

8.5.3    UAE

8.5.4    Nigeria

8.5.5    South Africa

8.6    Latin America

8.6.1    Argentina

8.6.2    Chile

8.6.3    Brazil

Chapter 9   Company Profiles

9.1    ACV

9.2    Acme Engineering Products

9.3    Atlantic Boilers

9.4    Babcock Wanson

9.5    Bosch Industriekessel

9.6    Bradford White

9.7    Chromalox

9.8    Danstoker

9.9    Electro Industries

9.10    Ferroli

9.11    Flexiheat UK

9.12    Fulton

9.13    Hi-Therm Boilers

9.14    Laars Heating Systems

9.15    Lochinvar

9.16    P.M. Lattner Manufacturing

9.17    Parat Halvorsen

9.18    Precision Boilers

9.19    Thermodyne Boilers

9.20    Thermon

9.21    Vattenfall

9.22    Viessmann

   

Authors: Ankit Gupta, Shubham Chaudhary
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Premium Report Details

Base Year: 2024

Companies covered: 22

Tables & Figures: 45

Countries covered: 27

Pages: 145

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