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.