Home > Energy & Power > Electrical Equipment > Boilers > Europe Residential Electric Boiler Market
Europe Residential Electric Boiler Market Size
- Report ID: GMI8930
- Published Date: Apr 2024
- Report Format: PDF
Europe Residential Electric Boiler Market Size
Europe Residential Electric Boiler Market was valued at USD 6.3 billion in 2023 and is estimated to grow at a CAGR of over 10.5% from 2024 to 2032. Stringent government regulations & emission norms coupled with surging consumer focus toward the installation of sustainable equipment will favor the business scenario.
An electric boiler is a heating appliance that uses electricity as its primary energy source to heat water or generate steam for heating purposes. These boilers are used in areas where access to other fuel sources including gas or oil may be limited or impractical. They work by heating water directly through an electric heating element, providing a reliable and efficient means of space heating and hot water production. These units are preferred for their simplicity, ease of installation, and ability to be used in a wide range of applications without the need for venting or combustion exhaust.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Residential Electric Boiler Market Size in 2023: | USD 6.3 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 10.5% |
| 2032 Value Projection: | USD 15.8 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 140 |
| Segments covered: | Voltage & Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Europe Residential Electric Boiler Market Scope
