Home > Energy, Mining, Oil & Gas > North America & Europe Electric Boilers Market

North America & Europe Electric Boilers Market Size, By Voltage Rating (Low Voltage (< 1 kV), Medium Voltage (1 kV to 69 kV), High Voltage (> 69 kV)), By Capacity (< 10 MMBtu/hr, 10 – 50 MMBtu/hr, 50 – 100 MMBtu/hr, 100 – 250 MMBtu/hr, > 250 MMBtu/hr), By Application (Residential, Healthcare, Offices, Institutions, Warehouse & Storage, Food & Beverage, Chemical), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI5180
  • Published Date: Jan 2022
  • Report Format: PDF

Industry Overview

North America & Europe Electric Boilers Market Size exceeded USD 990 million in 2021 and the annual installation is anticipated to surpass 150 thousand units by 2028. An electric boiler is an equipment that uses electricity to boil the water rather than conventional fossil fuels, i.e., natural gas or oil. These units operate passing running water pass over an element, which is heated by electrical energy. The heating elements within these systems are designed to maximize the surface area.
 

North America & Europe Electric Boilers Market

Get more details on this report - Request Free Sample PDF
 

Stringent government compliances to decrease carbon emissions and achieve energy efficiency have compelled regulators to formulate stringent norms, which will favor the industry scenario. The product offers key advantages including reduced energy costs, increased comfort & low operational costs, accelerating product deployment. Ongoing refurbishment of existing infrastructures along with shifting consumer trends toward modular boiler systems will favor the business scenario.
 

Residential applications are set to grow owing to the introduction of several building codes

North America & Europe electric boilers market from residential segment is anticipated to surpass USD 1,370 million by 2028. Increasing demand for hot water along with the introduction of several building codes directing the adoption of star-rated products has significantly accelerated the adoption of these units. The surging replacement of existing heating systems with new units to meet energy-efficiency guidelines & standards will amplify the industry landscape. In addition, increasing focus on reducing the after-effects of carbon emissions has significantly stimulated the demand for energy-efficient electric boilers.
 

North America & Europe Electric Boilers Market Size By Appication

Get more details on this report - Request Free Sample PDF
 

The economy has been severely impacted by an unforeseen outbreak of the novel coronavirus, also known as COVID- 19. Large-scale lockdowns have resulted in the closure of various business activities and infrastructural development projects. Limited availability of workforce coupled with the closure of retail stores has adversely impacted electric boiler demand. However, the continuous demand for new projects to respond to the crisis including healthcare construction will foster the industry landscape.
 

Wide-scale utilization across the commercial sector will propel the low voltage electric boilers industry

North America & Europe electric boilers market from low voltage exceeded USD 910 million in 2021. Increasing applicability across commercial establishments including educational institutions, retail stores, warehouses, and public centers will propel the business growth. These units deliver key benefits including compact size, low maintenance, and offer hot water & space heating functions, which in turn, will accelerate the business outlook. Moreover, the introduction of government regulations for the expansion & development of commercial and industrial centers will boost the industry dynamics.
 

Increasing demand for hot water will boost the 50 - 100 MMBtu/hr. electric boiler industry trends

Increasing space heating and hot water demand across the commercial sector including healthcare, offices, and building establishments will favor 50 – 100 MMBtu/hr. capacity electric boiler demand. Governmental investments in the development of commercial & industrial sectors will proliferate the industry growth. Equipment sterilization, water heating, and building temperature control are a few functions, which in turn, will stimulate the business scenario.
 

The burgeoning healthcare sector will augment the North America & Europe electric boilers market expansion

The healthcare application segment is estimated to grow at a rate of 5.9% through 2028. Growing investments in the healthcare sector along with a growing demand for diagnosis centers will facilitate the electric boiler application across the industry. The healthcare sector deploys boilers for space heating, autoclave equipment sterilization, and water-heating purposes. In addition, the onset of the COVID- 19 pandemic has put a tremendous strain on the existing healthcare infrastructure, primarily across remote areas, which in turn, will augment the business landscape.
 

The food processing application is anticipated to witness substantial growth on account of the growing preference for packaged food. Shifting dietary habits toward high value-added food including chocolates & meat and changing consumer lifestyle trends have created a positive business scenario for the industry. Furthermore, the growing demand for processed food is set to drive the capacity expansion of food processing units, boosting product deployment.
 

Europe is set to dominate the industry scenario

Europe Electric Boilers Market Size By Country

Get more details on this report - Request Free Sample PDF
 

Europe held over 75% market share in 2021. Extreme climatic conditions along with rising demand for water & space heating units will continue to pave the way for the deployment of electric boilers. Strict regulations by the European Union on carbon emission have led to an upsurge in the replacement of conventional heating systems. Additionally, the government target to achieve climate neutrality by 2050 with net-zero carbon emissions will fuel product deployment.
 

France electric boilers market is set to grow at a CAGR of 7.1% through 2028. Growing consumer awareness & environmental constraints favored by increasing focus on reducing the after-effects of carbon emissions will energize the industry dynamics. The need for efficient space & water heating coupled with a shift toward green buildings has resulted in the replacement of existing heating units. Many residential, commercial, and industrial buildings usually install multiple boilers to improve reliability. For instance, Weil-McLain introduced a boiler with Smart Sequencing technology to minimize energy costs.
 

Product innovations & acquisitions will act as a key point for market participants

Major players are introducing new boiler systems with improvements in designs & control and forming mergers & acquisitions to meet the competition prevailing in the industry. Eminent companies operating across the North America & Europe electric boilers market include Weil-McLain, Thermona, spol., Cerney S.A., Thermon, Slant/Fin Corporation, ACV, Ferroli, Vaillant Group, Sussman Automatic Corporation, Danstoker A/S, Fulton Companies, P. M. Lattner Manufacturing, KOSPEL, Värmebaronen, LACAZE ENERGIES, Ecotherm Austria, R.F. MacDonald, Hi-Therm Boilers, Thermal Tech, Ross Boilers, Lathrop Trotter, PARAT Halvorsen, Cleaver-Brooks, Vapor Power International, Precision Boilers, Acme Engineering Prod., Chromalox, and Thermo 2000.
 

The North America & Europe electric boilers market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2018 to 2028 for the following segments:

By Voltage Rating

  • Low voltage (<1 kV)
  • Medium voltage (1 kV to 69 kV)
  • High voltage (> 69 kV)

By Capacity

  • < 10 MMBtu/hr
  • 10 – 50 MMBtu/hr
  • 50 – 100 MMBtu/hr
  • 100 – 250 MMBtu/hr
  • > 250 MMBtu/hr

By Application

  • Residential
  • Healthcare
  • Offices
  • Institutions
  • Warehouse & storage
  • Food & beverage
  • Chemical
  • Others

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

  • North America 
    • U.S.
    • Canada
  • Europe 
    • France
    • UK
    • Poland
    • Italy
    • Spain
    • Germany
    • Russia
    • Austria
    • Sweden
    • Ukraine

 

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

North America & Europe electric boilers market size had exceeded USD 990 million in 2021 and will record annual installation of over 150 thousand units by 2028 owing to stringent regulatory norms to reduce carbon emissions and achieve energy efficiency.

Residential segment will record valuation of over USD 1,370 million by 2028 owing to the introduction of several building codes directing the adoption of star-rated products.

Healthcare application segment will witness CAGR of 5.9% through 2028 with the increasing investments in healthcare sector along with a growing demand for diagnosis centers.

France electric boilers market will register a CAGR of 7.1% through 2028 with the growing consumer awareness about reducing carbon emissions in wake of rising environmental constraints.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Immediate Delivery Available

Premium Report Details

  • Base Year: 2021
  • Companies covered: 28
  • Tables & Figures: 334
  • Countries covered: 12
  • Pages: 255

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount