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The North American electric boiler market is anticipated to expand owing to rising consumer preference and environmental regulations favoring the adoption of efficient and dependable heating systems. The surge in urbanization rates, alongside substantial investments in the commercial sector, will drive the business outlook.
Moreover, the implementation of stricter emission standards, in conjunction with increasing urbanization, will augment the industry landscape. Continued investments from both publicly traded companies and private entities to expand their operational spaces will notably stimulate the deployment of electric boilers.
Key North America commercial electric boiler industry players include ACV, Bosch Industriekessel GmbH, Chromalox, Cleaver-Brooks, Inc., Danstoker A/S, Ecotherm Austria GmbH, Flexiheat UK Ltd., Lochinvar, Miura America Co., Ltd., Precision Boilers, Reimers Electra Steam, Inc., Slant/Fin Corporation, Sussman Electric Boilers, The Fulton Companies, Thermon, Thermona, spol. s.r.o., Vattenfall AB, and Weil-McLain.
U.S. commercial boiler industry size is poised to surpass USD 650 million by the end of 2032 attributed to the increasing utilization of economical and proficient systems for meeting water heating and storage requirements within commercial establishments across the country.
North America low voltage commercial boiler market will generate more than USD 550 million by 2032 owing to the enactment of legislative mandates aimed at reducing greenhouse gas emissions, combined with the continuous adoption of low emission heating systems.
North America commercial electric boiler industry size was USD 231.8 million in 2023 and is anticipated to grow at a 16.6% CAGR from 2024-2032 driven by the stringent government regulations & emission norms along with increasing government focus toward deployment of energy efficient heating technologies.