Home > Energy & Power > Electrical Equipment > Boilers > North America Residential Electric Boiler Market
North America Residential Electric Boiler Market Size
- Report ID: GMI10986
- Published Date: Aug 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Residential Electric Boiler Market Size in 2023: | USD 335.2 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 9.2% |
| 2032 Value Projection: | USD 746.8 Million |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 8 |
| Segments covered: | Voltage Rating & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
North America Residential Electric Boiler Market Scope
