North America Residential Electric Boiler Market Size - By Voltage Rating (Low Voltage, Medium Voltage), By Country Outlook & Forecast, 2024 – 2032

North America Residential Electric Boiler Market Size

North America Residential Electric Boiler Market was valued at USD 335.2 million in 2023 and is projected to record over 9.2% CAGR from 2024 to 2032. Increasing investments toward the integration of sustainable systems to reduce the greenhouse gas & carbon emissions will boost the industry growth. For instance, the regulations pertaining to the construction, design and operation of the building in accordance with the specifications & mandates for the energy-efficient appliances.
 

A residential electric boiler is an efficient and eco-friendly heating system designed for home use, converting electrical energy into heat for domestic hot water and space heating. These boilers do not produce emissions or require a flue making them a cleaner option for homeowners. They operate silently and have fewer moving parts, which reduces maintenance needs and enhances reliability. Additionally, these systems offer precise control over temperature settings and can be easily integrated with existing home automation systems.
 

North America Residential Electric Boiler Market Trends

The increasing demand for efficient water heating systems, combined with the transition toward zero-emission buildings, is driving the replacement of outdated units and boosting the industry growth. High-rise buildings and apartment complexes often install multiple boilers to enhance reliability, which is expected to further stimulate business expansion. The growing number of new households, driven by rising population figures, is fueling the need for effective heating equipment, including boilers. Additionally, the surge in migrant populations in urban areas along with the shift toward single-family homes are set to drive the demand for residential boilers.
 

North America Residential Electric Boiler Market Analysis

The low voltage residential electric boiler industry will cross over USD 500 million by 2032. Increasing investments in the real estate sector coupled with the ongoing replacement of traditional heating systems with energy-efficient alternatives will continue to shape industry dynamics. Additionally, stringent regulations aimed at reducing reliance on fossil fuels along with government tax incentives to encourage the adoption of clean technologies will enhance the business environment.
 

The medium voltage residential electric boiler market size will witness growth rate of over 8.5% through 2032. The product boasts significant benefits comprising of high-pressure handling capacity, extended operational lifespan, and enhanced safety, which drive its adoption. The implementation of energy-efficient codes and standards to promote better energy use, along with legislative mandates aimed at reducing greenhouse gas emissions, will positively impact the business outlook.
 

The U.S. residential electric boiler market is set to surpass USD 600 million by 2032, owing to growing focus to curb GHG emissions and rising investments toward the development of green building infrastructures. Moreover, the harsh weather conditions along with soaring infrastructural investment across the residential sector will escalate the business growth.
 

The surging investments across real estate sector along with growing consumer awareness toward the installation of reliable and efficient heating units will add to the industry growth across Canada. The formulation of effective regulations toward carbon emission will be led to an upsurge in the replacement of conventional heating systems, stimulating the business growth. Moreover, shifting trends toward conjugal family along with growing adoption of energy efficient water heating systems will augment the business landscape.
 

North America Residential Electric Boiler Market Share

FERROLI is an Italian-based company that has been a prominent player in the heating and air-conditioning industry. Known for its innovative approach to heating solutions, the company manufactures a wide range of products, including electric boilers, which are renowned for their efficiency, reliability, and advanced technology. Its boilers are designed to offer an eco-friendly alternative to traditional gas or oil-fired boilers, providing heating and hot water with a focus on energy efficiency and environmental sustainability. These boilers are typically easy to install, compact, and feature user-friendly controls, making them suitable for both residential and commercial applications.
 

North America Residential Electric Boiler Market Companies

The key industry players include:

• ACV
• Atlantic Boilers
• Bosch Industriekessel GmbH
• Bradford White Corporation
• Chromalox
• Cleaver-Brooks
• Cochrane Engineering
• Danstoker
• Electro Industries
• FERROLI
• Flexiheat
• Electro Industries
• Fulton
• P.M. Lattner Manufacturing
• Stiebel Eltron
• Slant/Fin Corporation
• Thermon
• Thermolec
• VIESSMANN
• Weil-McLain
   

North America Residential Electric Boiler Industry News

• In August 2023, Cleaver-Brooks introduced its ClearFire CE high-mass, fully condensing boilers. This boiler units equipped with advanced TurboFer heat exchanger technology, which delivers up to 99% efficiency. It also incorporating TurboFer, which ensures exceptional heat transfer and condensing performance through its turbulent flow and expanded heat transfer surface area. Moreover, the environmentally friendly premix burner of the CFC-E is designed to accommodate renewable natural gas with a 10:1 turndown ratio available across all capacities.
   
• In January 2022, VIESSMANN has acquired PHS, a UK-based installation and maintenance specialist for HVAC solutions, with a workforce of around 240 employees. This acquisition bolsters VIESSMANN's service and sales operations throughout the UK. By investing in PHS, VIESSMANN has secured a partner well-positioned to market integrated sustainable climate solutions and the associated services.
   

This North America residential 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 Voltage Rating

• Low Voltage
• Medium Voltage

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico