Industrial Electric Boiler Market

Industrial Electric Boiler Market Size

The global industrial electric boiler market was valued at USD 285.1 million in 2024 and is expected to reach USD 1.4 billion by 2034, growing at a CAGR of 16.9% from 2025 to 2034. Rising demand for energy-efficient heating solutions coupled with rising government incentives for clean energy adoption will augment the business landscape. Development of high-capacity industrial electric boilers and global push for decarbonization in industrial heating in line with stricter NOx and SOx emission limits in industrial zones will enhance the business scenario. Moreover, AI-driven energy management in industrial applications will stimulate the adoption of industrial boiler.

Accelerated industrial growth across key economies in association with increasing investments in energy infrastructure will drive business growth. Increasing R&D investments in electric boiler technologies in line with the expansion of the chemical processing industry will amplify the business outlook.

Industrial electric boilers are an essential part of contemporary manufacturing and processing, providing efficient and reliable heating solutions. With the use of electricity to produce heat, they provide a cleaner and greener alternative to traditional fuel-based systems.

Increasing preference for quiet, emission-free heating along with rising demand from the food & beverage industry will escalate the industry penetration. Advancements in power generation and grid infrastructure improvements in conjunction with development of compact, high-output electric boilers will accelerate the product deployment.

Industrial Electric Boiler Market Trends

The industry is poised for substantial growth on account of rising concerns over air quality and workplace safety. Government incentives and subsidies in line with supportive tax policies are accelerating the adoption of electric boiler. Increasing efficiency of resistive heating elements in tandem with integration of blockchain for real-time energy tracking will sway the industry growth.

Manufacturers are focusing on optimizing load flexibility and integrating smart controls to enable demand-side management in energy-intensive industries. Carbon trade mechanisms are additionally shifting the economics in favor of electric boilers, especially in industrialized economies, where carbon pricing is rendering heating based on fossils ever more economically unfeasible.

In addition, the tariffs placed by the Trump administration affected various sectors of the U.S. economy, including those that relied heavily on imports of components and material. The administration put heavy duties on imports of steel and aluminum by 25% and 10% respectively, with a specific emphasis on steel and aluminum which are critical to a range of industries, which in turn will boost the supply chain of these units.

Firms are giving top priority to R&D to create next-generation boilers with modular configurations, ultra-low emissions, and enhanced thermal efficiency, fueling industry growth. Boiler technology improvements coupled with the adoption of sophisticated control systems will further spur market growth.

The partnership between private enterprises and the federal government in industry expansion will foster the business scenario. increasing chemical demand across diverse applications along with refinery retrofitting and modernization will accelerate the business momentum. Moreover, low initial investment, minimal maintenance costs, and easy installation will elevate the business scenario.

Industrial Electric Boiler Market Analysis

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• The industrial electric boiler industry was valued at USD 231.8, 256.4 & 285.1 million in 2022, 2023 and 2024 respectively. Based on voltage rating, the market is segmented into low voltage and medium voltage. Expansion of shared industrial heating networks in line with growing demand for stable energy costs will bolster the industry outlook.
  
• The low voltage industrial electric boiler market will grow at a CAGR of over 16.5% till 2034. Stricter regulations aimed at reducing fossil fuel dependence in association with various tax incentives promoting clean heating systems will enrich the business landscape. Additionally, the compact design and low maintenance requirements of these systems will amplify the industry potential.
  
• For instance, in July 2023, USD 23.4 million was by the U.S. Department of Energy to help carbon management activities in 16 projects spread across 14 states. The assistance will benefit companies that are part of community efforts to develop carbon capture, transport, and storage technologies.
  
• The medium voltage industrial electric boiler market was valued at over USD 85 million in 2024. These units are used where more power is needed and for more stable operations. The integration of advanced insulation materials, better heating components, and smart load management aspects is making such boilers more efficient.

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• Based on application, the market is segmented into food & beverages, paper, chemical, refinery and others. The chemical industrial electric boiler has a market share of 37.7% in 2024. Growing infrastructure spending in the chemical industry across emerging economies, combined with the use of high-efficiency boiler systems will propel industry growth.
  
• The food & beverage industrial electric boiler market is witnessing a faster growth rate of over 16.5% through 2034. The growth in the production of processed foods, fueled by urbanization, growing disposable incomes, and higher consumption of ready-to-eat foods, is increasing the demand for these units. Additionally, the application of high-end refractory materials for improved heat retention properties will drive the product deployment.
  
• For instance, in 2022, the U.S. dominated chemical production in the world, exporting more than USD 494 billion worth of chemical products overseas. Accounting for over 13% of the global chemical output, the nation continues to be an important figure in the global market, cementing its dominance within the industry.
  
• The paper industrial electric boiler market was valued at over USD 15 million in 2024. The sector relies on efficient boilers for bleaching, drying, and chemical pulping operations. Furthermore, their capability to provide high-purity steam without combustion residues will enhance business prospects.
  
• The refinery industrial electric boiler market will exceed USD 75 million by 2034. Increased energy prices, environmental issues, and tough emission standards will collectively propel the demand for these units. Electric boilers also provide enhanced safety through the elimination of risks of fuel storage and combustion, which will escalate the business outlook.
  
• For instance, in January 2025, Alunorte, the world’s largest alumina refinery, inaugurated two new electric boilers, which replaced coal-fired boilers to increase sustainability. Additionally, approximately USD 56 million investment will reduce CO₂ emission by up to 550,000 tonnes every year.

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• The U.S. industrial electric boiler market was estimated at USD 31.5, 36.4 & 41.6 million in 2022, 2023 and 2024 respectively. Expansion of industrial clean energy tax credits combined with growing international agreements pushing electrification in industrial sectors will proliferate the business scenario.
  
• The North America industrial electric boiler market will witness a CAGR of over 21.5% up to 2034. Increasing industrial activity coupled with continuous technological advancements will drive the industry outlook. Moreover, partnerships between private enterprises and state governments to develop and expand industrial facilities will escalate the region’s growth.
  
• For instance, Canada rolled out the Clean Electricity Regulations in 2024 to propel the country toward a net-zero electricity industry by 2035. The regulations provide performance standards for limiting emissions of fossil fuel-generated power, setting the sector in line with the country's net-zero goals in 2050.
  
• The Europe industrial electric boiler market is projected to hit USD 550 million by 2034. The strict carbon emission regulation combined with the growing use of alternative heating systems will drive industry penetration. Additionally, growth in the installation of on-site renewable energy generation will influence the business landscape.
  
• The Asia Pacific industrial electric boiler market accounted for over 30% revenue share in 2024. The region will experience strong growth due to faster economic growth and urbanization. Government policies aimed at energy infrastructure investments and technological innovations will further boost the business dynamics.
  
• For instance, in 2024, the UK launched its first industrial strategy in seven years, focusing on the most important sectors like advanced manufacturing, clean energy, and digital technologies. The move will create a pro-business culture, promote innovation, and pursue sustainable economic growth across sectors.
  
• The Middle East & Africa industrial electric boiler market was evaluated at over USD 15.5 million in 2024. Expanding industrial operations and a shift toward economic diversification will boost the product deployment. Additionally, increasing emphasis on enhancing energy efficiency and lowering emissions will augment the business landscape.
  
• The Latin America industrial electric boiler market is poised to grow at a CAGR of over 14% till 2034. Industrial preference for silent boiler operation in noise-sensitive areas along with growing demand for long-term energy cost stability from manufacturers will enhance the business growth.
  

Industrial Electric Boiler Market Share

• The top 5 players including Cleaver-Brooks, Chromalox, Vapor Power, Precision Boilers & PARAT Halvorsen together hold share of about 45% in the industrial electric boiler industry. Babcock Wanson has strategically expanded through multiple acquisitions to strengthen its position in the market.
  
• For instance, In February 2024, Babcock Wanson finalized the purchase of VKK Group, a top-of-the-line industrial boiler solution provider for the energy, food, and chemical sectors. The deal enhances Babcock Wanson's position in the market in Germany through VKK's engineering prowess, project execution capabilities, and Köthen and Duisburg facilities to drive business expansion.
  
• Cleaver-Brooks is strengthening its leadership within the industry by developing boiler technology to make it more efficient, optimal in energy consumption, and with lower emissions. Cleaver-Brooks continues to develop its product line, supplying customized solutions for various industrial uses while continuing to innovate in heating systems.
  

Industrial Electric Boiler Market Companies

• Bosch Industriekessel's parent organization, Robert Bosch, registered sales revenue of USD 100 billion during 2024. The firm recorded an EBIT margin from operations of 3.5%, reflecting the company's financial strength in the face of market conditions. Further, the firm is looking to emphasize innovation and operational efficiency in order to ensure long-term growth.
  
• ALFA LAVAL had net sales of USD 6.3 billion in 2024, with a 7% year-on-year rise in order intake to USD 7.1 billion, underpinned by robust market demand. Additionally, net income was up 16.5% year-on-year to USD 705.6 million, indicating better profitability.
  
• For the first three quarters of FY 2024, Thermon accomplished revenues of USD 364.1 million, with a net profit of USD 36.5 million. The margin on adjusted EBITDA also increased to 23.7% in Q3 FY 2024 from 22.5% last year, owing to a more favorable composition of revenues and improved operating efficiencies.
  

Major players operating in the industrial electric boiler market are:

• ALFA LAVAL
• Acme Engineering Products
• ACV
• Babcock Wanson
• Bosch Industriekessel
• Cerney
• Chromalox
• Cleaver-Brooks
• Danstoker A/S
• Ecotherm Austria
• FERROLI
• Klöpper-Therm
• LACAZE ENERGIES
• PARAT Halvorsen AS
• Precision Boilers
• Reimers Electra Steam
• Ross Boilers
• Thermodyne Boilers
• Thermon
• Thermona
• Vapor Power
  

Industrial Electric Boiler Industry News

• In February 2025, Cleaver-Brooks launches the LVR electric hydronic boiler, providing nearly 100% efficiency with zero onsite emissions. Its modular construction facilitates scalability and easy integration with renewable energy sources, and its capacity ranges from 90 to 540 kW. With advanced PLC controls, full modulation, and a small footprint, the LVR provides efficient energy, easy installation, and lower operating costs.
  
• In September 2024, Babcock Wanson introduced the LV industrial electric boiler, with steam outputs of 600 to 8,400 kg/h and a pressure with a range up to 18 barg. Designed to be over 99% efficient, it maximizes electrical energy conversion into thermal output while producing no CO₂ or NOx emissions. Its electric form simplifies installation by removing the necessity for chimneys, fuel supply systems, or emission measurement.
  
• In 2023, ACV launched the EVO S series of stainless-steel wall-hung boilers, succeeding the Prestige line. Available in seven models ranging from 40 to 150 kW, these boilers utilize stainless steel plate heat exchangers for increased performance. Optional low-height frame and header kits are available to increase cascade capacity past 900 kW and support larger structures or complex configurations.
  
• In February 2023, PARAT Halvorsen AS has commissioned a 15 MW, 10 kV electric boiler with a Danish district heating utility company. Built with high-efficiency design in mind, the high-tech equipment supplies hot water at 168°C and 6.5 barg, has an integrated automation and control cabinet and ensures better performance and dependability.
  

The industrial electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Units) from 2021 to 2034, for the following segments:

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Market, By Voltage Rating

• Low voltage
• Medium voltage

Market, By Capacity

• < 10 MMBTU/hr
• 10 - 50 MMBTU/hr
• 50 - 100 MMBTU/hr
• 100 - 250 MMBTU/hr
• > 250 MMBTU/hr

Market, By Application

• Food & beverage
• Paper
• Chemical
• Refinery
• Others

Market, By Product

• Hot water
• Steam

Market, By Sales Channel

• Online
• Dealer
• Retail

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Germany
  • Russia
  • Austria
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Philippines
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Egypt
  • Nigeria
  • Kenya
  • Morocco
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Colombia
  • Chile