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North America Residential Boiler Market Trends

Report ID: GMI5334
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of North America residential boiler was reached USD 2.2 billion in 2023 and is anticipated to register 6% CAGR between 2024 to 2032, owing to stringent regulations to limit carbon emissions and the surging demand for advanced space and water heating systems.

North America residential boiler industry from the condensing type segment will record USD 3 billion by 2032, due to government incentives and energy-efficient designs.

U.S. residential boiler industry size may reach USD 2.5 billion by 2032, owing to robust residential sector and the increasing green building trends.

Allied Engineering Company, Baxi North America, Bradford White Corporation, HTP, LAARS Heating Systems Co., Lennox International, Navien Inc., NTI Boilers, PB HEAT, LLC, and Rinnai America Corporation, among others.