Low Voltage Commercial Electric Boiler Market Size

Low Voltage Commercial Electric Boiler Market was valued at USD 1.14 billion in 2023 and is estimated to grow at a CAGR of 15.2% between 2024 and 2032. The substantial investments from private and public entities aimed at developing commercial buildings, particularly in emerging economies, will drive the adoption of the product.

A low voltage commercial electric boiler is a type of heating system designed for commercial applications that operates on low voltage electrical power. These systems do not produce harmful emissions like carbon monoxide, making them safer for indoor use. They are often compact and can be installed in areas where space is limited. Additionally, these boilers require less maintenance compared to boilers that use fossil fuels.

Low Voltage Commercial Electric Boiler Market Trends

Stringent government emission norms & regulations along with increasing government focus toward deployment of energy efficient boilers will augment the business landscape. Introduction of favorable policies and funding schemes to promote energy efficiency will foster the electric boiler market. Furthermore, increasing investments across the healthcare sector along with upgradation and expansion of educational institutions will positively sway the industry scenario.

Low Voltage Commercial Electric Boiler Market Analysis

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The ≤ 0.3 - 2.5 MMBtu/hr commercial electric boiler market will exceed USD 350 million by 2032. The widespread adoption of the product in various medium-scale applications for steam generation, coupled with supportive regulatory frameworks, will enhance the business landscape. Zero exhaust gas, high reliability & durability, low noise emissions, and rapid startup are the prominent features which complement their adoption over conventional units.

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The commercial hot water boiler market size will witness growth rate of over 14.5% through 2032. Increasingly embracing efficient and affordable systems to meet water heating and storage requirements in commercial facilities will have a beneficial impact on product penetration. Additionally, heightened investment in the tourism sector by authorities, alongside a rising demand for commercial flats and duplexes, will invigorate industry dynamics.

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Europe commercial boiler market is set to reach over USD 1.95 billion by 2032, on account of growing consumer preference and environmental pressures favoring the installation of efficient and dependable heating units. The ongoing transition from conventional heating systems to high-efficiency alternatives coupled with government mandates aimed at reducing emissions and conserving energy, will further bolster the sector's prospects.

U.S. commercial boiler market will showcase an appreciable momentum on account of increasing disposable income and changing consumer preferences toward adoption of smart heating technologies. Regulatory requirements and standards pertaining to boiler efficiency along with increasing urbanization rate will energize the industry dynamic. Paradigm shift toward the development of green buildings coupled with growing emphasis on sustainability will augment the business landscape.

Low Voltage Commercial Electric Boiler Market Share

Danstoker is a Danish company that specializes in the design, development, and manufacturing of industrial boilers and thermal plants. The company is known for a wide range of boiler types, including biomass boilers, oil/gas-fired boilers, and waste heat recovery boilers, they also offer electric boilers as part of their product lineup. They aim to deliver high performance while minimizing environmental impact.

Low Voltage Commercial Electric Boiler Market Companies

Major players operating in the low voltage commercial electric boiler industry is mentioned below:

• Acme Engineering Products Ltd.
• ACV
• Bosch Industriekessel GmbH
• Cleaver-Brooks, Inc.
• Cochrane Engineering
• Danstoker A/S
• Ecotherm Austria GmbH
• Flexiheat UK Ltd.
• Hi-Therm Boilers Pvt. Ltd.
• LAARS Heating Systems Co.
• Lochinvar
• Precision Boilers
• Slant/Fin Corporation
• The Fulton Companies
• Thermona, spol. s.r.o.
• Thermon
• Värmebaronen
• Vattenfall AB
  

Low Voltage Commercial Electric Boiler Industry News

• In June 2022, Lochinvar has introduced the FTX 1.0 series of fire-tube boilers, featuring a robust input capacity of 999,000 Btu/hr. These boilers are designed to fit into compact mechanical rooms, addressing space limitations effectively. The series incorporates SmartTouch operating controls and CON·X·US Remote Connectivity, enhancing contractor-unit interaction. Moreover, equipped with stainless steel heat exchangers capable of accommodating a wide range of flow rates, the FTX 1.0 series offers flexibility in managing fluctuations. This innovation not only enhances Lochinvar's boiler product lineup but also boosts its market presence.
  
• In March 2022, The Fulton Companies introduced the Endura boiler, an advanced condensing hydronic boiler designed as a vertical fire-tube boiler with size ranging from 2,000,000 Btu/hr (EDR-2000) to 1,500,000 BTU/hr (EDR-1500). Endura offers customers premium solutions for performance, product design, and flexibility in applications. This launch will propel the company’s product spectrum and market presence in the electric boiler segment.
  

This low voltage commercial electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Capacity

• ≤ 0.3 - 2.5 MMBtu/hr
• > 2.5 - 10 MMBtu/hr
• > 10 - 50 MMBtu/hr
• > 50 - 100 MMBtu/hr
• > 100 - 250 MMBtu/hr

Market, By Product

• Hot Water
• Steam

Market, By Application

• Offices
• Healthcare Facilities
• Educational Institutions
• Lodgings
• Retail Stores
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Germany
  • Russia
  • Austria
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Philippines
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Egypt
  • Nigeria
  • Kenya
  • Morocco
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Colombia
  • Chile