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Low Voltage Electric Boiler Market Size
- Report ID: GMI10814
- Published Date: Aug 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Low Voltage Electric Boiler Market Size in 2023: | USD 8.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 11.6% |
| 2032 Value Projection: | USD 21.9 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 45 |
| Segments covered: | Capacity, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Low Voltage Electric Boiler Market Scope
