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Europe Residential Electric Boiler Market Trends

Report ID: GMI8930
Published Date: Apr 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Europe residential electric boiler was recorded USD 6.3 billion in 2023 and is expected to register 10.5% CAGR from 2024 to 2032, owing to the increasing adoption of electric heating solutions and the rising consumer preference for clean and sustainable heating options.

Europe low voltage residential electric boiler market is estimated to exceed USD 12 billion revenue by 2032, due to the rising efforts to replace conventional boilers with energy-efficient heating technologies.

U.K. residential electric boiler industry is estimated to garner over USD 3.5 billion by 2032 and is expected to expand at substantial CAGR from 2024 to 2032, on account of the thriving real estate sector along with the implementation of stringent regulations to curb carbon emissions.

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, and VIESSMANN are some of the major residential electric boiler companies operating in Europe.