Low Voltage Industrial Electric Boiler Market

Low Voltage Industrial Electric Boiler Market Size

The global low voltage industrial electric boiler market was valued at USD 220.6 million in 2024 and is expected to reach USD 1.07 billion by 2034, growing at a CAGR of 16.8% from 2025 to 2034. The upsurge in requirements for energy-efficient heating systems along with the increased government incentives for clean energy adoption will boost the business landscape.

The introduction of low-capacity electric industrial boilers and the global shift toward decarbonization while observing stringent SOx and NOx emission controls for industrial regions will stimulate the business expansion. Additionally, the use of AI for energy optimization in industrial uses will further encourage the use of industrial boilers.

For reference, at the COP28 held in 2023, close to 200 countries put their signature to a landmark treaty that aims to advance the efficiency of energy consumption at a global scale by 2030. This initiative will enhance economic decarbonization, stimulate growth, encourage diversity in energy sourcing, and foster innovation in operational efficiency.

Rising demand for industrial heating systems in key regions coupled with rising investments in economic energy infrastructure will propel business development. Increased investment for research and development of electric boiler technologies along with the growth of the chemical processing industry will spur the business outlook.

These systems are developed for steam or hot water generation using electric energy. These boilers are easily incorporated into renewable energy systems owing to their efficiency and low emissions. Advanced engineering and industrial design requirements, coupled with increasing safety and automation standards will drive the industry scenario.

For instance, in the year 2023, the Government of Canada proposed regulations aimed at reducing emissions from the oil and gas sector by 35% by the year 2030, seeking to catalyze decarbonization in the country’s most emission-intensive sector. The draft regulations are a part of Canada’s overarching strategy to achieve a net-zero emission economy by the year 2050, thereby reaffirming the country's commitment toward addressing climate change.

The growing preference for quiet or emission-free heating and the growing need from the food & beverage sector will increase the demand industrial electric boiler. Additionally, continuous development of new compact and efficient electric boilers in association with rapid advancement in power generation and grid infrastructure will foster product deployment.

Low Voltage Industrial Electric Boiler Market Trends

The industry is set for considerable expansion on account of increasing emphasis on air cleanliness along with the safety of workers. Favorable government incentives and regulations in conjunction with supportive taxation policies will drive the adoption of electric boilers. Ongoing enhancements in the effectiveness of resistive heating elements, along with the application of blockchain for real-time energy monitoring will propel the growth of the sector.

The growing emphasis of manufacturers toward optimizing load flexibility and integrating smart controls to facilitate demand-side management for energy-intensive industries will positively sway business penetration. Moreover, the carbon trading system is favoring the use of electric boilers in developed economies owing to their carbon pricing which makes fossil-fuel heating systems more costly.

For instance, AtmosZero obtained USD 21 million in Series A investment funding in February 2024 to further commercialize its electric industrial boilers. Previously, they also received a USD 3.2 million grant from the Department of Energy’s Industrial Efficiency and Decarbonization Office, aimed at reducing GHG emissions from industries.

Key industry players are continuously focusing on research and development for designing modular configuration boilers with ultra-low emission and thermal efficiency features, which in turn will proliferate boiler systems. Robust improvements in boiler technology along with sophisticated control system will further escalate the industry momentum.

For reference, in 2024, China removed any limits on the participation of foreigners in the industrial base which indicates a further firm commitment to economic liberal policies. Granting those previous regulations, more were issued which permit the businesses to unlock their capacities for production and research activities.

The collaboration between private companies and the federal government toward expanding industries will foster the growing business environment. Surging chemical demand across industries in line with refinery renovation and modernization efforts will create favorable business scenario.

Low Voltage Industrial Electric Boiler Market Analysis

• The low voltage industrial electric boiler industry was valued at USD 180.3, 199.1 and 220.6 million in 2022, 2023 and 2024 respectively. Based on capacity, the market is segmented into < 10 MMBTU/hr, 10 – 50 MMBTU/hr, 50 – 100 MMBTU/hr, and > 100 MMBTU/hr. The rapid advancement and innovation of industrial heating systems coupled with rising energy costs will boost the business landscape.
  
• The < 10 MMBTU/hr rated capacity low voltage industrial electric boiler market will grow at a CAGR of over 15% till 2034. These modular units are used in small to medium sized manufacturing firms which require space efficiency, low noise operation, and easy installation. The increasing focus on energy optimization and shifting emission controls are driving the adoption of these units.
  
• For citation, in July 2023, USD 23.4 million was given by the U.S. DOE to facilitate carbon management activities in 16 projects across 14 states. The funding will assist those companies that participate in collaborative activities to create, capture, transport, and store carbon technologies.
  
• The 10 – 50 MMBTU/hr rated capacity low voltage industrial electric boiler market was valued at over USD 60 million in 2024. This segment is witnessing significant development as mid-scale industries invest in sophisticated anergy systems which require cleaner and flexible options for heat generation.
  
• The 50 – 100 MMBTU/hr rated capacity low voltage industrial electric boiler will exceed USD 150 million by 2034. These systems are gaining traction on account of large-scale industries and district heating systems are modernizing their thermal power systems. These boilers are installed in the pharmaceutical, petrochemical, and food industries that require non-stop, high-capacity steam production.
  
• The > 100 MMBTU/hr rated capacity low voltage industrial electric boiler market is projected to showcase about 20% growth rate till 2034. These systems are witnessing substantial growth owing to heavy industries and large-scale utilities shifting toward sustainable and scalable thermal energy systems.

• Based on application, the market is segmented into paper, food & beverages, refinery, chemical, and others. The chemical low voltage industrial electric boiler has a market share of 37.6% in 2024. The spending on chemical infrastructure in key geographies together with the adoption of highly efficient boiler solutions will accelerate industry growth.
  
• The food & beverage low voltage industrial electric boiler market is witnessing 16.5% growth till 2034. The sector is witnessing a significant growth propelled by rapid urbanization and an increasing per capita income along with the rising consumption of convenience foods. Furthermore, the use of high precision refractory materials with superior heat retention capabilities will increase the deployment of these products.
  
• To illustrate, in 2022 the U.S. was the world prominent key chemical producer and exporter of chemical products which accounted USD 494 billion. The country’s chemical production accounts for over 13% of the global output, which enables it to remain an important figure within the market its dominance in the industry.
  
• The paper low voltage industrial electric boiler market was valued at over USD 10 million in 2024. The industry depends on effective boilers for bleaching, drying, and chemical pulping activities. In addition, their ability to supply high-purity steam devoid of combustion residue will escalate business growth.
  
• The refinery low voltage industrial electric boiler market will exceed USD 60 million by 2034. The need for these units in the sector is driven by the new emission legislation, environmental concerns, and higher energy costs. The systems enhance safety with the absence of fuel storage and combustion therefore improving the business outlook.
  
• For reference, in January 2025, Alunorte, the largest alumina refinery globally, inaugurated two new electric boilers which came into service replacing coal-fired boilers for enhanced sustainability. Moreover, this investment of over USD 56 million will cut CO₂ emissions by as much as 550,000 tonnes per year.

• The U.S. low voltage industrial electric boiler market was estimated at USD 24.8, 27.9, and 32.1 million in 2022, 2023 and 2024 respectively. The clean energy tax credits toward electrification of industrial sectors paired with ongoing international agreements toward decarbonization will fuel the industry momentum.
  
• The North America low voltage industrial electric boiler market will witness a CAGR of over 20% till 2034. Rise in industrial activity along with newer technology developments will fuel the industry outlook. In addition, collaborations of private companies with state governments for the construction and expansion of industrial facilities will further accelerate the growth of the region.
  
• For instance, in 2024 Canada introduced the Clean Electricity Regulations to reach a net-zero emission electricity sector by 2035. The Regulations set emissions limits for power from fossil fuels and sets the industry towards the country’s net-zero goal by 2050.
  
• The Europe low voltage industrial electric boiler market is projected to hit USD 400 million by 2034. The combination of stringent emissions standards paired with the adoption of efficient heating systems which will fulfill international mandates thereby fostering business potential. Moreover, the upsurge in off-the-grid renewable energy power plant installations will also impact the environment.
  
• The Asia Pacific low voltage industrial electric boiler market accounted for over 30% revenue share in 2024. The region will gain substantial growth driven by the increased pace of urbanization and economic growth. The policies of the government concerning investment in energy infrastructure and the development of technology will enhance the dynamism of business dynamics.
  
• For citation, in 2024, the UK put forth its first industrial strategy in seven years, prioritizing advanced manufacturing, clean energy, and digital technologies. This will foster a pro-business environment, drive innovations, and achieve enduring economic development across all sectors.
  
• The Middle East & Africa low voltage industrial electric boiler market was evaluated at over USD 8 million in 2024. Rapid growth in the expansion of industrial activities coupled with diversification of the economy will positively sway the industry scenario. Moreover, rising focus on improving energy efficiency and emissions reduction will escalate product installation.
  
• The Latin America low voltage industrial electric boiler market is poised to grow at a CAGR of over 14% through 2034. The continuing industrial trend for silent boiler operation in noise sensitive areas and the increasing need for long-term energy cost stability from manufacturers will provide industry trajectory.
  

Low Voltage Industrial Electric Boiler Market Share

• The top 5 players including Vapor Power, Chromalox, Precision Boilers, PARAT Halvorsen & Cleaver-Brooks together hold a share of about 45% in the low voltage industrial electric boiler business. The industry includes both established industrial boiler manufacturers and emerging energy-tech companies which are diversifying their product offerings through collaborations, customized products, and expansion.
  
• For instance, in February 2024 Babcock Wanson completed the acquisition of VKK Group, an advanced provider of industrial boiler solutions for the energy, food, and chemical industries. The purchase increases Babcock Wanson’s market advantage in Germany via VKK’s engineering, project execution, Kothen and Duisburg plant capabilities, and facilities which will drive business growth.
  
• Cleaver-Brooks is developing boiler technologies to make them more efficient and reduce energy consumption and emissions. Moreover, they are expanding their product lines and continuing to innovate in heating systems by offering tailored solutions for different industrial applications.
  

Low Voltage Industrial Electric Boiler Market Companies

• Robert Bosch, Bosch Industriekessel's parent company reported the sales revenue of USD 100 billion for the year of 2024. The company registered an EBIT operational margin of 3.5% which shows the financial health of the corporation during cambelt market conditions. Besides, the company intends to focus on sustained innovation and operational excellence for growth.
  
• In 2024, ALFA LAVAL reported robust market demand, resulting in a net sales figure of USD 6.3 billion alongside a positive 7% year-on-year growth in order intake, amounting to USD 7.1 billion. In addition, the company’s net income surpassed by 16.5% year-on-year, surpassing USD 705.6 million, illustrating enhanced profitability.
  
• In the first quarter of FY 2024, Thermon achieved revenue of USD 364.1 million and net income of USD 36.5 million. Furthermore, the margin on adjusted EBITDA for Q3 FY 2024—as compared to the same period last year—improved from 22.5% to 23.7% due to better restructuring of revenue sources and shifts in operating efficiencies.
  

Major players operating in the low voltage industrial electric boiler industry 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
  

Low Voltage Industrial Electric Boiler Industry News

• In February 2025, Cleaver-Brooks is set to launch the LVR electric hydronic boiler featuring close to 100% efficiency with zero emissions on-site. Its capacity from 90 to 540 kW enables easy integration with renewables, while modular construction facilitates scalability. Lower operating costs and easy installation are also provided by full modulation, advanced PLC controls, and small footprint of the LVR.
  
• In September 2024, Babcock Wanson unveiled the LV industrial electric boiler system with steam outputs between 600 and 8,400 kg/h and 18 barg pressure. Operating at over 99% efficiency, the system maximizes the conversion of electrical energy into thermal energy while emitting no CO₂ or NOx. Its accessories-free electric design eases installation due to the absence of chimneys, fuel supply networks, and emission monitoring systems.
  
• In 2023, ACV launched the EVO S series of wall hung boilers which replaced the Prestige line. The EVO S series includes 7 boilers with differing capacities of 40 to 150 kW. To improve performance, these boilers make use of stainless-steel plate heat exchanger. To enable boiler cascade configurations greater than 900 kW, optional low height frame and header kits are offered to support in larger structures or more intricate design.
  
• In February 2023, PARAT Halvorsen AS entered an agreement with a Denmark based district heating company for the commissioning of a 15 MW, 10 kV electric boiler. The boiler is capable of providing hot water at 168°C and 6.5 barg. In addition, it comes with an integrated automation and control cabinet, making it easier to operate as well as increasing its reliability and efficiency.
  

The low voltage 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 Capacity

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