Europe Commercial Electric Boiler Market Size - By Voltage Rating (Low Voltage, Medium Voltage), Product (Hot Water, Steam), Application (Offices, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores), Capacity & Forecast, 2024 – 2032

Europe Commercial Electric Boiler Market Size

Europe Commercial Electric Boiler Market was valued at USD 752.5 million in 2023 and is estimated to expand at a CAGR of 15.9% between 2024 and 2032. The region has strict regulations for reducing carbon emissions, decarbonizing their energy system and reduction in dependency on fossil fuels play a vital role in reduction for controlling the carbon emission. For instance, the UK government allocated a sum of USD 68 million in 2022 for investments in the commercial real estate sector.
 

The extensive investments by private and public players for the development of commercial buildings primarily across the developing nations will fuel the product adoption. Abundant availability of raw materials and large human resources in line with macroeconomic indicators has attracted significant foreign greenfield investments which in turn will favor the business scenario.
 

COVID– 19 Impact

The COVID-19 pandemic has significantly influenced the market, with lockdown measures leading to disruptions in the supply chain. The combination of increased demand and supply restrictions has presented financial difficulties for businesses, while also reducing the utilization of various spaces. Sectors such as retail stores, restaurants, bars, and public gatherings have been hit hard by these lockdown measures, resulting in postponed investments for building improvements and renovations.

Europe Commercial Electric Boiler Market Trends

The expansion of the commercial boiler industry can be largely attributed to substantial investments in infrastructure development and the thriving commercial sector. This growth has been made possible through a coordinated partnership between private enterprises and various governmental levels, all dedicated to enhancing and expanding commercial hubs. Moreover, the increased investment in the commercial sector and a growing emphasis on environmental considerations have significantly contributed to the market's prosperity.
 

A commercial electric boiler is an electric heating system tailored for a diverse range of applications, a heating unit that delivers hot water or steam to numerous commercial establishments. The growth of this industry will be driven by the growing emphasis on energy efficiency and enhanced reliability.
 

Europe Commercial Electric Boiler Market Analysis

Based on product, the hot water commercial boiler market is set to grow at a rate of 15.6% through 2032. The rising adoption of efficient and cost-effective systems to accomplish the water heating & storage needs across the commercial facilities will positively influence the product penetration. Ease of installation and increasing focus toward integration of advanced digital technology units will foster the business outlook.
 

Based on voltage, the low voltage commercial electric boiler market is set to surpass USD 2 billion by 2032. Legislative mandates toward minimizing the greenhouse gas emissions coupled with ongoing adoption of low emission heating systems will fuel the low voltage electric boiler market. Introduction of energy efficient codes and standards to promote energy efficiency will further stimulate the technological adoption.
 

Based on capacity, the > 2.5 - 10 MMBtu/hr boiler industry holds a market share of over 20% in 2022. Ongoing government mandates to curb carbon emissions coupled with increasing efforts to achieve energy optimization will drive the business landscape. Reduced energy costs, increased comfort, and low operational costs are some of the other imperative features that will stimulate the deployment of these units.
 

Based on application, the market is segmented as offices, healthcare facilities, educational institutions, lodgings, retail stores and others. The business environment will experience a positive effect due to the rising urbanization rate and the implementation of strict emission regulations. Ongoing investment by the public traded firms and private players to expand their work premises will significantly fuel Europe commercial electric boiler market development.
 

• The France boiler market was valued at over USD 129.1 million in 2022. The market is anticipated to grow on account of increasing consumer inclination and environmental constraints for installation of efficient & reliable heating units.
   
• Growing urbanization rate coupled with the robust investments across the commercial sector will positively influence the business growth. The ongoing replacement of traditional heating systems with highly efficient units in line with introduction of government regulations for emission reductions and energy conservations will favor the industry scenario.
   

Europe Commercial Electric Boiler Market Share

Major players in the Europe commercial electric boiler business employ a range of tactics to preserve and extend their market presence. These approaches are typically shaped by elements such as market rivalry, technological progress, regulatory modifications, and customer requirements.
 

The key companies operating across the market include

• Lochinvar
• Flexi heat UK
• Cleaver-Brooks
• VIESSMANN
• FONDITAL S.p.A.
• FERROLI S.p.A
• Fonderie Sime S.p.A.
• Bosch
• Weil-McLain
• BURNHAM COMMERCIAL BOILERS
• Thermal Solutions LLC
• Bradford White Corporation
• Ecotherm Austria GmbH
• Slant/Fin Corporation
• Klopper therm
• Ariston Holding N.V.
• Vaillant Group
• Clayton Industries
• The Fulton Companies
• Babcock Wanson

Lochinvar is a well-known company in the heating and water heating industry, but they are more traditionally associated with gas and oil boilers rather than electric boilers. They are known for producing high-efficiency, innovative, and reliable heating equipment, and their products are wide tandem of commercial applications.
 

Europe Commercial Electric Boiler Market News:

• The TR CU 032/2013 regulation pertains to the certification of equipment intended for use in Russia and the integrated customs territory of the Eurasian Economic Union (EAEU). While this standard aligns with the essential requirements of the Pressure Equipment Directive 97/23/EC (PED), it's worth noting that they are not identical.
   
• In November 2021, Viessmann announced the launch of its new range of electric heating products, including the Vitotron electric system boiler, hot water heaters, and space heaters. These additions complement their existing electric heat pump range. They launched electric boiler, with a 4-24 kW capacity with lower installation costs compared to conventional boilers. Viessmann's products come with advanced features and controls for enhanced efficiency and are available through various UK merchants.
   

This Europe commercial electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBTU/hr” & “USD” from 2019 to 2032, for the following segments:

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By Voltage Rating

• Low Voltage
• Medium Voltage

By Capacity

• ≤ 0.3 - 2.5 MMBtu/hr
• > 2.5 - 10 MMBtu/hr
• > 10 - 50 MMBtu/hr
• > 50 - 100 MMBtu/hr
• > 100 - 250 MMBtu/hr

By Product

• Hot Water
• Steam

By Application

• Offices
• Healthcare Facilities
• Educational Institutions
• Lodgings
• Retail Stores
• Others

The above information has been provided for the following countries:

• France
• UK
• Poland
• Italy
• Spain
• Austria
• Germany
• Sweden
• Russia