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North America Residential Electric Boiler Market Trends

Report ID: GMI10986
Published Date: Aug 2024
Report Format: PDF

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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water heating systems, combined with the transition toward zero-emission buildings, is driving the replacement of outdated units and boosting the industry growth.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.

Authors: Ankit Gupta , Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of North America residential electric boiler was worth over USD 335.2 million in 2023 and is estimated to grow at a 9.2% CAGR through 2032, due to increasing investments toward the integration of sustainable systems to reduce the greenhouse gas & carbon emissions.

North America low voltage residential electric boiler market size will exceed USD 500 million by 2032, due to increasing investments in the real estate sector coupled with the ongoing replacement of traditional heating systems with energy-efficient alternatives.

U.S. residential electric boiler industry size 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.

ACV, Atlantic Boilers, Bosch Industriekessel GmbH, Bradford White Corporation, Chromalox, Cleaver-Brooks, Cochrane Engineering, Danstoker, Electro Industries, and FERROLI.