PUBLISHER: Allied Market Research | PRODUCT CODE: 1140111
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140111
The global residential boiler market was valued at $7.6 billion in 2021, and is projected to reach $12.5 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Residential boiler is a device, which converts chemical energy into thermal energy and further uses the same for water heating and keeping the residential area warm. It is used in homes, public buildings, holiday homes, farmhouses, and other residential places for air and water heating. It possesses advantages such as high reliability, long-life, high-energy efficiency, less pollution, less floor area, and others. Technological advancements in residential boiler are expected to reduce the manufacturing costs, lessen pollution, and increase efficiency, which, in turn, helps drive the market growth in the coming years.
For analysis, the residential boiler market is segmented into type, technology, fuel type, and region. The study highlights various types of residential boilers available in the market. This includes water tube boiler, fire tube boiler, and electric boiler. Furthermore, it focuses on various technologies used for operation of residential boilers, which include condensing and non-condensing. The key fuel types of residential boilers are coal fired, gas fired, oil-fired, and others. The report covers the revenue generated by residential boilers across various regions such as North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global residential boiler market are Ariston Thermo SpA, Bradford White Corporation, Burnham Holdings, Inc., Ferroli S.P.A., Lennox International, Noritz Corporation, Robert Bosch GmbH, Slant/Fin Corporation, SPX Corporation, and Viessmann Manufacturing Company, Inc.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Technology
By Fuel Type
By Region