Global Electric Boiler Market Size study, by Product Type, by Category, by End-use, by Distribution Channel, and Regional Forecasts 2022-2032

Description

The Global Electric Boiler Market was valued at approximately USD 10.13 billion in 2022 and is projected to experience a robust growth rate of 10.12% over the forecast period from 2024 to 2032. Electric boilers are known for their high efficiency in converting electrical energy into heat, reducing energy waste and promoting sustainable heating solutions. These boilers are particularly beneficial for space heating and hot water production, utilizing electric heating elements to heat water or other fluids efficiently. The growing demand for energy-efficient and environmentally friendly heating solutions, coupled with stringent government regulations on emissions, is driving the adoption of electric boilers. Technological advancements and the increasing incorporation of smart features in electric boilers are further propelling market growth.

The growing demand for energy-efficient and environmentally friendly heating solutions is significantly driving the global electric boiler market. As awareness of climate change and environmental sustainability increases, consumers and industries are increasingly seeking alternatives to traditional fossil fuel-based heating systems. Electric boilers, known for their high efficiency and zero emissions during operation, align perfectly with these eco-friendly goals. Additionally, advancements in technology have made electric boilers more efficient and reliable, further enhancing their appeal. Government regulations and incentives promoting the adoption of clean energy solutions are also playing a crucial role in this market's growth. With the increasing emphasis on reducing carbon footprints and achieving energy efficiency, the demand for electric boilers is expected to rise steadily, catering to both residential and industrial heating needs while supporting global sustainability initiatives. However, the market faces challenges such as dependency on a consistent power source and higher initial investment costs compared to traditional boilers. Despite these challenges, the market presents opportunities for growth through the integration of renewable energy sources and advancements in heating technology.

The key regions considered for the Global Electric Boiler Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe dominates the market in 2023. This is driven by stringent environmental regulations, technological advancements, and a strong emphasis on energy efficiency and sustainability. Moreover, European Union regulations aimed at reducing carbon emissions and promoting clean energy are driving the shift towards electric boilers. Policies such as the European Green Deal and the Clean Energy for All Europeans package encourage the adoption of electric heating solutions. Phase-Out of Fossil Fuels: Many European countries are implementing plans to phase out fossil fuel-based heating systems, further propelling the demand for electric boilers. Furthermore, Asia Pacific is projected to grow significantly during the forecast period 2024-2032.

Major market players included in this report are:

Viessmann
A. O. Smith
BDR Thermea Group
ELNUR S.A
SAV Systems Ltd
Varmebaronen
Vapor Power International
P.M. Lattner Manufacturing Co.
Reimers Electra Steam, Inc.
ECOTHERM Austria GmbH
Ferroli
Ariston Thermo Group
Bosch Thermotechnology
Vaillant Group
Atlantic Group

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Hot Water Boilers
Steam Water Boilers

By Category:

Traditional Electric Boilers
Smart Electric Boilers

By End-use:

Residential
Commercial
Food Processing
Chemical Industries
Refineries & Distilleries
Healthcare & Pharmaceuticals
Paper & Textiles
Others

By Distribution Channel:

Online
Offline

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Electric Boiler Market Executive Summary

1.1. Global Electric Boiler Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Category
- 1.3.3. By End-use
- 1.3.4. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Electric Boiler Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Electric Boiler Market Dynamics

3.1. Market Drivers
- 3.1.1. High Efficiency and Environmental Benefits
- 3.1.2. Growing Demand for Energy-Efficient Heating Solutions
- 3.1.3. Technological Advancements and Smart Features
3.2. Market Challenges
- 3.2.1. Dependency on Consistent Power Supply
- 3.2.2. Higher Initial Investment Costs
3.3. Market Opportunities
- 3.3.1. Integration with Renewable Energy Sources
- 3.3.2. Advances in Heating Technology
- 3.3.3. Expansion in Commercial and Industrial Sectors

Chapter 4. Global Electric Boiler Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Electric Boiler Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Electric Boiler Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Hot Water Boilers
- 5.2.2. Steam Water Boilers

Chapter 6. Global Electric Boiler Market Size & Forecasts by Category 2022-2032

6.1. Segment Dashboard
6.2. Global Electric Boiler Market: Category Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Traditional Electric Boilers
- 6.2.2. Smart Electric Boilers

Chapter 7. Global Electric Boiler Market Size & Forecasts by End-use 2022-2032

7.1. Segment Dashboard
7.2. Global Electric Boiler Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Residential
- 7.2.2. Commercial
  - 7.2.2.1. Food Processing
  - 7.2.2.2. Chemical Industries
  - 7.2.2.3. Refineries & Distilleries
  - 7.2.2.4. Healthcare & Pharmaceuticals
  - 7.2.2.5. Paper & Textiles
  - 7.2.2.6. Others

Chapter 8. Global Electric Boiler Market Size & Forecasts by Distribution Channel 2022-2032

8.1. Segment Dashboard
8.2. Global Electric Boiler Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Online
- 8.2.2. Offline

Chapter 9. Global Electric Boiler Market Size & Forecasts by Region 2022-2032

9.1. North America Electric Boiler Market
- 9.1.1. U.S. Electric Boiler Market
  - 9.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Category breakdown size & forecasts, 2022-2032
  - 9.1.1.3. End-use breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Distribution Channel breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Electric Boiler Market
  - 9.1.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.1.2.2. Category breakdown size & forecasts, 2022-2032
  - 9.1.2.3. End-use breakdown size & forecasts, 2022-2032
  - 9.1.2.4. Distribution Channel breakdown size & forecasts, 2022-2032
9.2. Europe Electric Boiler Market
- 9.2.1. U.K. Electric Boiler Market
  - 9.2.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.2.1.2. Category breakdown size & forecasts, 2022-2032
  - 9.2.1.3. End-use breakdown size & forecasts, 2022-2032
  - 9.2.1.4. Distribution Channel breakdown size & forecasts, 2022-2032
- 9.2.2. Germany Electric Boiler Market
- 9.2.3. France Electric Boiler Market
- 9.2.4. Spain Electric Boiler Market
- 9.2.5. Italy Electric Boiler Market
- 9.2.6. Rest of Europe Electric Boiler Market
9.3. Asia-Pacific Electric Boiler Market
- 9.3.1. China Electric Boiler Market
  - 9.3.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.3.1.2. Category breakdown size & forecasts, 2022-2032
  - 9.3.1.3. End-use breakdown size & forecasts, 2022-2032
  - 9.3.1.4. Distribution Channel breakdown size & forecasts, 2022-2032
- 9.3.2. India Electric Boiler Market
- 9.3.3. Japan Electric Boiler Market
- 9.3.4. Australia Electric Boiler Market
- 9.3.5. South Korea Electric Boiler Market
- 9.3.6. Rest of Asia Pacific Electric Boiler Market
9.4. Latin America Electric Boiler Market
- 9.4.1. Brazil Electric Boiler Market
- 9.4.2. Mexico Electric Boiler Market
- 9.4.3. Rest of Latin America Electric Boiler Market
9.5. Middle East & Africa Electric Boiler Market
- 9.5.1. Saudi Arabia Electric Boiler Market
- 9.5.2. South Africa Electric Boiler Market
- 9.5.3. Rest of Middle East & Africa Electric Boiler Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. ELNUR S.A
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. SAV Systems Ltd
- 10.3.3. Varmebaronen
- 10.3.4. Vapor Power International
- 10.3.5. P.M. Lattner Manufacturing Co.
- 10.3.6. Reimers Electra Steam, Inc.
- 10.3.7. ECOTHERM Austria GmbH
- 10.3.8. Ferroli
- 10.3.9. Ariston Thermo Group
- 10.3.10. Bosch Thermotechnology
- 10.3.11. Viessmann
- 10.3.12. A. O. Smith
- 10.3.13. BDR Thermea Group

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes