Residential Electric Boiler Market Analysis

Residential Electric Boiler Market Analysis

The low-voltage residential electric boiler market is likely to garner over USD 15 billion by 2032. Low-voltage boiler systems are compact and require significantly less maintenance, reducing the overall expense of the boiler. Rising investments in the real estate sector, in tandem with the ongoing replacement of conventional with energy-efficient boilers, will drive business growth. Additionally, strict regulations to reduce the dependency on fossil fuels and the introduction of government tax incentives to promote the adoption of clean technologies will foster product necessity by end of 2032.
 

Europe residential electric boiler industry is estimated to amass USD 14 billion by 2032. The flourishing real estate sector, coupled with the shifting consumer awareness toward the installation of efficient and reliable heating units, will add to the industry revenues. The formulation of effective regulations by the European Union toward carbon emissions will accelerate the replacement of conventional heating systems in the region. For example, shifting trends toward conjugal families and the growing requirement of energy-efficient water heating systems will strengthen the regional business landscape. The market size of North America & Europe electric boiler is likely to cross USD 20.7 billion by 2032.