North America Commercial Electric Boiler Market

North America Commercial Electric Boiler Market Size

North America Commercial Electric Boiler Market size was valued at USD 231.8 million in 2023 and is anticipated to grow at a rate of 16.6% up to 2032. Stringent government regulations & emission norms along with increasing government focus toward deployment of energy efficient heating technologies will augment the business landscape.

For instance, in 2023, as per World Resources Institute, Canada was ranked second highest in terms of greenhouse gas emissions per capita among the top 11 emitting countries. A commercial electric boiler is a heating system designed to provide hot water or steam for commercial facilities including offices, hotels, hospitals, or manufacturing facilities. They typically consist of heating elements, controls, pumps, and safety features to ensure efficient and safe operation. Increasing replacement of traditional systems with energy efficient units will drive the business potential.

North America Commercial Electric Boiler Market Trends

The North American electric boiler market is anticipated to expand owing to rising consumer preference and environmental regulations favoring the adoption of efficient and dependable heating systems. The surge in urbanization rates, alongside substantial investments in the commercial sector, will drive the business outlook.

Moreover, the implementation of stricter emission standards, in conjunction with increasing urbanization, will augment the industry landscape. Continued investments from both publicly traded companies and private entities to expand their operational spaces will notably stimulate the deployment of electric boilers.

North America Commercial Electric Boiler Market Analysis

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The low voltage commercial boiler market will reach over 550 million by 2032. The enactment of legislative mandates aimed at reducing greenhouse gas emissions, combined with the continuous adoption of low-emission heating systems, will amplify penetration of these products. The implementation of energy-efficient codes and standards aimed at promoting energy efficiency will further stimulate the technological adoption. Rising investment in tourism sector by the respective authorities coupled with growing demand for the commercial flats and duplexes will energize the industry dynamic.

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The > 10 - 50 MMBtu/hr capacity boiler market size will witness growth rate of over 16% by 2032. Wide scale utilization of product across medium scale applications for generating steam along with supportive regulatory schemes will favor the business scenario. Furthermore, governments have introduced various tax incentives to promote the adoption of energy-efficient technologies that deliver high energy and utilizes less fuel, boosting product the penetration.

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The U.S. commercial boiler market is set to exceed USD 650 million by 2032. The increasing utilization of economical and proficient systems for meeting water heating and storage requirements within commercial establishments will have a favorable impact on product adoption. The shifting focus toward the decarbonization along with increasing focus toward integration of advanced digital technology systems will propel the industry potential. Moreover, government and private institutions of the various states are concerning to offer space heating facilities in universities and training centers which in turn will propel the demand of these boilers.

North America Commercial Electric Boiler Market Share

Lochinvar is one of the renowned manufacturers of high-efficiency water heating systems, including electric boilers. The company’s boilers are designed to be highly efficient, ensuring minimal energy waste during operation. It often incorporates advanced technology to optimize performance and reduce energy consumption, leading to lower operating costs for homeowners and businesses.

North America Commercial Electric Boiler Market Companies

The key industry players include:

• ACV
• Bosch Industriekessel GmbH
• Chromalox
• Cleaver-Brooks, Inc.
• Danstoker A/S
• Ecotherm Austria GmbH
• Flexiheat UK Ltd.
• Lochinvar
• Miura America Co., Ltd.
• Precision Boilers
• Reimers Electra Steam, Inc.
• Slant/Fin Corporation
• Sussman Electric Boilers
• The Fulton Companies
• Thermon
• Thermona, spol. s.r.o.
• Vattenfall AB
• Weil-McLain
  

North America Commercial Electric Boiler Industry News

• In June 2022, Lochinvar introduced the FTX 1.0 series of fire-tube boilers, featuring a maximum input of 999,000 Btu/hr. and designed to fit within constrained mechanical room spaces. This line incorporates SmartTouch operational controls and CON·X·US Remote Connectivity to enhance contractor-unit communication.
  
• In March 2022, Fulton Companies unveiled the Endura boiler, an innovative condensing hydronic boiler characterized by its vertical fire-tube design and available in sizes ranging from 2,000,000 Btu/hr (EDR-2000) to 1,500,000 BTU/hr (EDR-1500). Endura provides customers with top-tier solutions concerning performance, product design, and adaptability across various applications.
  

The North America commercial electric boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Voltage Rating

• Low Voltage
• Medium Voltage

Market, 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

Market, By Product

• Hot Water
• Steam

Market, By Application

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

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico