Low Voltage Electric Boiler Market Size – By Capacity (≤ 10 MMBtu/hr, > 10 - 50 MMBtu/hr, > 50 - 100 MMBtu/hr, > 100 - 250 MMBtu/hr), By Application (Residential, Commercial, Industrial), By Regional Outlook & Forecast, 2024 – 2032

Low Voltage Electric Boiler Market Size

Low Voltage Electric Boiler Market was valued at USD 8.1 billion in 2023 and is estimated to grow at a CAGR of 11.6% from 2024 to 2032. The growing concerns over greenhouse gas emissions from space heating have led to the implementation of strict government regulations aimed at reducing carbon footprints and promoting cleaner technologies.
 

A low voltage electric boiler is a heating system designed to operate at a lower electrical voltage. These boilers use electrical resistance or immersion heating elements to convert electrical energy into heat, which is then used to produce steam or hot water for heating purposes. They offer key benefits including energy efficiency, ease of installation, and minimal maintenance, making them a suitable choice for various heating needs, including space heating and hot water supply.
 

Low Voltage Electric Boiler Market Trends

The increasing demand for space and water heating solutions along with increasing applicability across wide areas including schools, airports and government institutions will fuel the boiler market. Increasing regulatory pressures to reduce carbon emissions coupled with wide scale utilization of these systems as an alternative to traditional fossil-fuel-based systems will foster business potential. Additionally, advancements in smart grid technology and the growing trend of electrification across a wide tandem of application will further propel the business growth.

Low Voltage Electric Boiler Market Analysis

The ≤ 10 MMBtu/hr low voltage electric boiler industry will cross over USD 15 billion by 2032. These boilers are a preferred choice in these infrastructures owing to their compact size, ease of installation, and ability to provide consistent heating without the need for extensive piping or fuel storage. These units provide essential advantages, including a compact design, low maintenance requirements, and the ability to deliver both hot water and space heating, which will enhance the market prospects. Additionally, the implementation of government regulations aimed at expanding and developing commercial and industrial centers is set to escalate industry growth.
 

The residential low voltage electric boiler market size will project a to witness more than 10% CAGR through 2032. The rising demand for hot water coupled with the introduction of various building codes mandating the use of star-rated products has accelerated the adoption of these units. The growing trend of replacing older heating systems with energy-efficient models to comply with regulatory standards will further enhance the industry landscape. Moreover, the increasing emphasis on minimizing the environmental impact of carbon emissions has significantly boosted the demand for energy-efficient electric boilers.
 

Europe low voltage electric boiler market is set to surpass USD 12 billion by 2032. The swift adoption of net-zero carbon emission goals in line with the rising emphasis on energy self-sufficiency will drive the business scenario. Extreme climatic conditions combined with the growing demand for water and space heating systems will continue to drive the deployment of these boilers. Stringent regulations on carbon emissions have resulted in a significant increase in the replacement of traditional heating systems. The shifting trend toward nuclear families and rising disposable incomes will support the adoption of these products, particularly in the residential sector.
 

Increasing consumer awareness and environmental concerns coupled with a heightened focus on minimizing the impact of carbon emissions will invigorate the U.S. low voltage electric boiler market. The shift in dietary habits toward high-value-added foods including chocolates and meat along with evolving consumer lifestyle trends has fostered a favorable business environment for the industry. Additionally, the rising demand for processed foods is expected to drive the expansion of food processing facilities, enhancing the product deployment.
 

Low Voltage Electric Boiler Market Share

Atlantic Boilers is one of leading manufacturers of high-efficiency boilers, known for their superior performance and reliability in diverse settings. Their boiler systems are designed to provide consistent heat output, even in the most demanding environments, making them ideal for commercial and industrial applications. The company also specializes in providing comprehensive heating solutions, including water heaters and heat pumps, to ensure optimal energy efficiency and dependability across various sectors.
 

Low Voltage Electric Boiler Market Companies

The key industry players include:

• Acme Engineering Products Ltd.
• ACV
• Atlantic Boilers
• Babcock Wanson
• Bradford White Corporation
• Cerney S.A.
• Chromalox
• Cleaver-Brooks
• Cochran
• Danstoker A/S
• ECOTHERM Austria GmbH
• Electro Industries, Inc.
• FERROLI S.p.A
• Flexiheat UK Ltd.
• Fulton
• Hi-Therm Boilers Pvt. Ltd.
• Klöpper-Therm GmbH & Co. KG
• Kospel
• LAARS Heating Systems Co.
• Lochinvar
• P.M. Lattner Manufacturing Co.
• PARAT Halvorsen AS
• Precision Boilers
• Robert Bosch
• S.A.S Lacaze Energies
• Slant/Fin Corporation
• Thermodyne Boilers
• Thermon
• Thermona, spol. s.r.o.
• Värmebaronen
• Vattenfall AB
• VIESSMANN
   

Low Voltage Electric Boiler Industry News

• In May 2024, Cleaver-Brooks announced its acquisition by Miura Co., Ltd., a global boiler manufacturer based in Japan. President and CEO Bart Aitken expressed enthusiasm about collaborating with Miura's leadership team, noting that their expertise would enhance Cleaver-Brooks' ability to engineer and manufacture top-tier, sustainable boiler room solutions while maintaining high service standards.
   
• In February 2024, Babcock Wanson announced the acquisition of VKK Group, a renowned player for its expertise in manufacturing, designing and selling industrial boilers for sectors including energy, food and chemicals. VKK Group provides a comprehensive range of services comprising of turnkey project installations, engineering, equipment monitoring, and maintenance. This strategic acquisition strengthens the company’s global presence and enhances its capabilities worldwide.
   

This low voltage 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

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

Market, By Application

• Residential
• Commercial
• Industrial

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

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