North America Residential Boiler Market Size - By Fuel (Natural Gas, Oil, Electric), By Technology (Condensing {Natural Gas, Oil, Electric,}, Non-Condensing {Natural Gas, Oil, Electric,}), By Country Outlook & Forecast, 2024 – 2032

North America Residential Boiler Market Size

North America Residential Boiler Market was valued at USD 2.2 billion in 2023 and is estimated to grow at a CAGR of over 6% from 2024 to 2032. The increasing demand for these boilers in both single and multi-apartment residential segments will positively influence the business landscape.
 

A residential boiler is a crucial heating appliance in homes, designed to provide both warmth and hot water. It functions by heating water using a fuel source such as gas, oil, or electricity. Once heated, the water is circulated through pipes, radiators, or underfloor heating systems to distribute heat evenly throughout the residence. Modern residential boilers often incorporate advanced technologies such as condensing features to maximize energy efficiency by recovering heat from exhaust gases. This not only reduces energy consumption but also lowers greenhouse gas emissions, aligning with sustainable practices.
 

North America Residential Boiler Market Trends

The rising demand for energy and the widespread use of heat-generating sources are driving a shift in traditional boiler technology, thereby boosting market penetration. Countries with high energy consumption are increasingly adopting alternative, energy-efficient products to comply with stringent emission regulations. These policies aim not only to reduce emissions but also to enhance energy security and independence by meeting the increasing demand for heat. This situation is fostering a favorable market environment with substantial business opportunities in the boiler market.
 

North America Residential Boiler Market Analysis

The condensing residential boiler market will exceed over USD 3 billion by 2032. These boilers are engineered to enhance energy efficiency through heat recovery from flue gases, thereby lowering greenhouse gas emissions. Government initiatives, such as tax incentives and rebates are set to play a crucial role in driving demand for residential boilers. Their compact size and the absence of a hot water tank requirement are key features that will further encourage the adoption of these heating systems.
 

The gas fired residential boiler market size will witness growth rate of over 5.5% through 2032, driven by increasing consumer emphasis on sustainability and reducing carbon footprints. Ongoing investments in residential infrastructure development, combined with the trend of replacing conventional heating units with energy-efficient boilers, will enhance the business environment.
 

The U.S. residential boiler market is set to surpass USD 2.5 billion by 2032. The thriving residential sector coupled with the strong growth of green buildings will propel the industry expansion. Governments are actively implementing beneficial initiatives such as rebates and tax incentives to encourage the creation of sustainable environments for the future. There is a growing emphasis on reducing greenhouse gas emissions and promoting energy conservation which will additionally bolster the industry prospects.
 

Increasing demand for energy-efficient heating solutions, driven by environmental concerns along with implementation of strict government regulations will favor the Canada residential boiler market. Investments in residential construction and renovation, alongside the growing adoption of smart home technologies, will stimulate market expansion. Additionally, the replacement of conventional heating systems to meet rising demand for retrofitting projects will further enhance business opportunities in the sector.
 

North America Residential Boiler Market Share

Navien is one of the leading manufacturers known for its innovative residential boilers, particularly acclaimed for their high efficiency and advanced technology. Specializing in condensing and combi-boiler systems, the company designs to maximize energy savings and provide reliable heating solutions for homes. The company integrates smart features into their products, offering homeowners convenience and control over their heating systems. Its boilers are known for their compact size, which optimizes installation flexibility and space utilization. With a strong commitment to sustainability, Navien emphasizes reducing environmental impact through efficient heating solutions. Their products are widely recognized for their performance, reliability, and commitment to energy efficiency standards.
 

North America Residential Boiler Market Companies

The key industry players include:

• Allied Engineering Company
• Baxi North America
• Bradford White Corporation
• HTP
• LAARS Heating Systems Co. 
• Lennox International
• Navien Inc.
• NTI Boilers
• PB HEAT, LLC
• Rinnai America Corporation
• Slant/Fin Corporation
• Thermo-Dynamics Boiler Company
• Triangle Tube
• U.S. Boiler Company
• VIESSMANN
• Weil-McLain
   

North America Residential Boiler Industry News

• In February 2024, U.S. Boiler Company has announced plans to build a new 45,000 square-foot production plant at Old Tree Road in Lancaster. This facility will feature state-of-the-art production lines, conveyors, and storage racking. The expansion aims to ramp up production of their highly sought-after line of low-emission, high-efficiency boilers, including the popular Alta series.
   
• In November 2022, Viessmann has introduced its expanded Vitodens boiler range featuring models with increased output, now offering Domestic Hot Water (DHW) output ranging from 2.9 kW to 35 kW and heating output from 3.2 kW to 32 kW. These boilers include a modulation range of 1:10, enhancing seasonal efficiency. The new models are equipped with Wi-Fi capabilities, enabling homeowners to have complete control over their heating systems.
   

This North America residential boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Fuel

• Natural Gas
• Oil
• Electric
• Others

Market, By Technology

• Condensing
  • Natural Gas
  • Oil
  • Electric
  • Others
• Non-Condensing
  • Natural Gas
  • Oil
  • Electric
  • Others

The above information has been provided for the following countries:

• U.S.
• Canada