Europe Residential Electric Boiler Market Size - By Voltage Rating (Low Voltage, Medium Voltage), Country Outlook & Forecast, 2024 – 2032

Europe Residential Electric Boiler Market Size

Europe Residential Electric Boiler Market was valued at USD 6.3 billion in 2023 and is estimated to grow at a CAGR of over 10.5% from 2024 to 2032. Stringent government regulations & emission norms coupled with surging consumer focus toward the installation of sustainable equipment will favor the business scenario.
 

An electric boiler is a heating appliance that uses electricity as its primary energy source to heat water or generate steam for heating purposes. These boilers are used in areas where access to other fuel sources including gas or oil may be limited or impractical. They work by heating water directly through an electric heating element, providing a reliable and efficient means of space heating and hot water production. These units are preferred for their simplicity, ease of installation, and ability to be used in a wide range of applications without the need for venting or combustion exhaust.
 

Europe Residential Electric Boiler Market Trends

The continuous increase in the population along with the rapid pace of urbanization have created opportunities for numerous infrastructural investments, stimulating the residential electric boiler market. The technology offers vital features comprising of better DHW performance, low NOx emission, improved monitoring & controlling and provided easy serviceability for the contractors and the homeowners which in turn will fuel the product penetration. Additionally, high rise buildings and apartments usually install multiple boilers to improve reliability which in turn will foster the industry growth.
 

Europe Residential Electric Boiler Market Analysis

The low voltage residential electric boiler market will surpass USD 12 billion by 2032. The rising investments across the real estate sector in line with surging replacement of conventional with energy-efficient heating technologies will continue to drive the business dynamics. Strict regulations to reduce the dependency on fossil fuels in line with introduction of various tax incentives to promote the deployment of clean heating systems will augment the business landscape. These systems are compact in size and require very less maintenance, fostering the industry outlook.
 

Medium voltage residential boiler market will witness a growth rate of over 10% through 2032. Introduction of energy efficient standards and codes to promote energy efficiency along with legislative mandates toward minimizing the greenhouse gas emissions will favor the business outlook. Growing penetration of new household units with rising population is propelling the demand for effective heating equipment. In addition, soaring migrant population across urban areas coupled with shifting trends toward nuclear family will further propel the demand for these units.
 

The UK electric boiler market is anticipated to surpass USD 3.5 billion by 2032. The flourishing real estate sector along with the implementation of stringent regulations by the EU to curb carbon emissions amplify the business potential. Rising investments toward the development of green building infrastructures coupled with rising disposable income will energize the industry dynamic.
 

Europe Residential Electric Boiler Market Share

Atlantic Boilers is a distinguished name in the field of providing innovative and dependable heating solutions. With a legacy spanning several decades, the company is recognized for its top-notch products and advanced technologies. Specializing in a diverse array of heating systems, including boilers and water heaters, Atlantic Boilers serves various industries globally. Dedicated to sustainability and meeting customer needs, Atlantic Boilers remains at the forefront of innovation, striving to enhance comfort and efficiency while contributing to societal progress.
 

Europe Residential Electric Boiler Market Companies

Some major players operating in the Europe residential electric boiler industry is mentioned below:

• Acme Engineering Products
• ACV
• Atlantic Boilers
• Bosch Industriekessel GmbH
• Bradford White Corporation
• CFB Boilers
• Chromalox
• Cleaver-Brooks
• Danstoker
• FERROLI
• Flexiheat
• Klöpper-Therm GmbH
• Kospel
• Lacaze Energies
• Thermona
• Trianco
• Värmebarone
• VIESSMANN
   

Europe Residential Electric Boiler Industry News

• In April 2023, Viessmann Group unveiled its acquisition by Carrier Global Corporation. This strategic maneuver signifies Viessmann's strategic intent to propel its evolution heating solutions for residential and commercial usage, Viessmann Climate Solutions' integration into Carrier Global Corporation establishes an unparalleled market leader with an extensive reach across Europe and North America.
   
• In November 2021, Viessmann expanded its range of electrified heating solutions by unveiling a selection of electric boilers, water heaters, and space heaters. Among the newly launched products are the Vitotron electric system boiler, ranging from 4 to 24 kW. These additions complement Viessmann's existing lineup of electric heat pumps and are now accessible through various merchants across the UK.
   

This Europe residential electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Billion” from 2019 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Voltage Rating

• Low Voltage
• Medium Voltage

The above information has been provided for the following countries:

• France
• UK
• Poland
• Italy
• Spain
• Austria
• Germany
• Sweden
• Russia