Home > Energy & Power > Electrical Equipment > Boilers > Residential Boiler Market

Residential Boiler Market Share

Report ID: GMI2034
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Residential Boiler Market Share

Residential Boiler Company Market Share Analysis, 2023

The residential boiler industry is highly competitive fueled by the increasing demand for efficient, reliable and environmentally friendly heating solutions in homes. The key players in the market compete based on product quality, energy efficiency, technological innovation and customer service. The prominent companies including Bradford White Corporation, Lochinvar, and U.S. Boiler Company hold significant market shares owing to their strong reputations and diverse product offerings. However, regional manufacturers often gain a competitive advantage by providing customized solutions and faster service, catering to the specific needs of local markets.

Residential Boiler Market Companies

Major players operating in the residential boiler industry are:

Allied Technologies
BDR Thermea Group
Bradford White Corporation
Carrier
Ferroli
Laars Boilers
Lennox International
Lochinvar
Navien
NTI Boilers
PB Heat
Slant/Fin Corporation
Smith Boilers
Thermona
U.S. Boiler Company
Viessmann
Weil-McLain
Wolf

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of residential boiler reached USD 68.6 billion in 2023 and is set to grow at a CAGR of 8.1% from 2024 to 2032, driven by stringent government regulations aimed at reducing carbon emissions.

The gas-fueled residential boiler segment is projected to exceed USD 85 billion by 2032, due to the increasing adoption of smart thermostats and remote-controlled systems, along with government initiatives focused on reducing greenhouse gas emissions.

The condensing residential boiler segment is poised to expand at a CAGR of over 9.5% through 2032, led by their design that improves energy efficiency by recovering heat from flue gases and supportive government programs like tax incentives and rebates.

The U.S. market is expected to reach over USD 3 billion by 2032, propelled by ongoing technological advancements and a growing focus on improving reliability, performance, and energy efficiency.