North America Residential Boiler Market Size By Fuel, By Technology, By Capacity, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2022

Description

List of Tables

The North America residential boiler market is anticipated to grow significantly by 2030 owing to growing prominence of sustainability among consumers. In addition, expanding migrant population across urban areas, along with surging presence of single-family households in the region, is estimated to benefit the business landscape over the forecast period.

During the COVID-19 pandemic, the industry witnessed a negative impact on demand. Many businesses faced losses due to stringent lockdowns and hence, halted their operations. However, recently, various government initiatives focused on building sustainable infrastructures have fostered the North America residential boiler market outlook. For instance, the Government of Canada introduced the Green Homes Initiative in 2021, which mandates the installation of residential space and water heating systems, and so on, to be carried out solely by licensed professionals.

Moreover, major firms have been engaging in strategic acquisitions and rigorous research & development activities to enhance the efficiency of the product, accelerating their market presence, thereby aiding the overall competitive scenario. For instance, in May 2022, Viessmann Group, a manufacturer of heating and refrigeration systems, introduced an ultra-compact gas-fired boiler to the Vitocrossal 200, CI2 family. This novel addition is a versatile central heating system that provides a highly efficient solution for custom residential applications.

The North America residential boiler market has been bifurcated on the basis of fuel, capacity, technology, and country.

In terms of fuel, the industry has been divided into natural gas and oil. The oil segment is set to progress at an exponential growth rate through the estimated timeline attributed to the inadequate availability of alternative fuels. Furthermore, lower running costs are another paramount factor that is expected to stimulate the product penetration.

With respect to technology, the North America residential boiler industry has been segregated into condensing and non-condensing. The non-condensing segment held a prominent revenue share in 2021 due to the strong inclination of low-income groups toward cheaper technology-integrated boilers. Additionally, the ease of use offered by these boilers is speculated to attract positive attention in the forthcoming years.

Based on capacity, the industry has been segmented into ≤ 25k BTU, > 25k BTU - 50k BTU, and > 50k BTU. The North America residential boiler market from the ≤ 25k BTU capacity segment is speculated to garner substantial gains by the end of the review period. The longer lifespan of these boilers is likely to attract positive attention, escalating segmental growth.

From the country perspective, the residential boiler market in Canada is primed to depict sizable expansion through the forecast timeline. Mounting adoption of energy-efficient boilers, as well as prevalent trends toward establishing a conjugal family, is foreseen to augment business growth.

Product Code: 5334

Chapter 1 Methodology & Scope

1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 North America residential boiler industry 360 degree synopsis, 2018 - 2030

Chapter 3 North America Residential Boiler Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor Matrix
3.2 Innovation & technology landscape
- 3.2.1 Viessmann Group
- 3.2.2 Bradford White Corporation
- 3.2.3 WM Technologies LLC
- 3.2.4 Burnham Holdings, Inc.
- 3.2.5 Navien Inc.
- 3.2.6 A.O. Smith
- 3.2.7 Bosch Thermotechnology Corp.
3.3 Regulatory landscape
- 3.3.1 North America
  - 3.3.1.1 Energy Independence and Security Act (EISA),2007
  - 3.3.1.2 Department of Energy
    - 3.3.1.2.1 10 CFR Part 431
  - 3.3.1.3 Code of Federal Regulations
  - 3.3.1.4 Clean Air Act, 1970
- 3.3.2 Canada
  - 3.3.2.1 Energy Efficiency Regulations
  - 3.3.2.2 Technical Standards and Safety Act, 2000
    - 3.3.2.2.1 ONTARIO REGULATION 220/01
  - 3.3.2.3 Energy Efficiency Regulations
    - 3.3.2.3.1 Amendment 15 to the Energy Efficiency Regulations
    - 3.3.2.3.2 Forward Regulatory Plan
3.4 COVID- 19 impact on the industry outlook
3.5 Industry impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Stringent regulations to limit carbon emission
  - 3.5.1.2 Increasing demand for energy efficient boilers
  - 3.5.1.3 Surging demand for advanced space and water heating systems
- 3.5.2 Industry pitfall & challenges
  - 3.5.2.1 High availability of other alternatives
3.6 Growth potential analysis
3.7 Porter's Analysis
- 3.7.1 Threat of new entrants
- 3.7.2 Bargaining power of suppliers
- 3.7.3 Bargaining power of buyer
- 3.7.4 Threat of substitutes
3.8 Competitive landscape, 2022
- 3.8.1 Strategy dashboard
  - 3.8.1.1 Bradford White Corporation
    - 3.8.1.1.1 Partnership
  - 3.8.1.2 Bosch Thermotechnology Corp.
    - 3.8.1.2.1 Product expansion
  - 3.8.1.3 WM Technologies LLC
    - 3.8.1.3.1 Product launch
  - 3.8.1.4 ACV
    - 3.8.1.4.1 Plant expansion
  - 3.8.1.5 Navien Inc.
    - 3.8.1.5.1 Partnership
    - 3.8.1.5.2 Installation/supply
    - 3.8.1.5.3 Plant expansion
  - 3.8.1.6 Rinnai America Corporation
    - 3.8.1.6.1 Plant expansion
    - 3.8.1.6.2 Partnership
  - 3.8.1.7 A.O. Smith
    - 3.8.1.7.1 Acquisition
    - 3.8.1.7.2 Plant expansion
  - 3.8.1.8 Ariston Holding N.V.
    - 3.8.1.8.1 Acquisition
3.9 PESTEL Analysis

Chapter 4 North America Residential Boiler Market, By Fuel

4.1 North America residential boiler market share by fuel, 2021 & 2030
4.2 Natural gas
- 4.2.1 North America market from natural gas, 2018 - 2030
- 4.2.2 North America market from natural gas, by country, 2018 - 2030
4.3 Oil
- 4.3.1 North America market from oil, 2018 - 2030
- 4.3.2 North America market from oil, by country, 2018 - 2030
4.4 Others
- 4.4.1 North America market from others, 2018 - 2030
- 4.4.2 North America market from others, by country, 2018 - 2030

Chapter 5 North America Residential Boiler Market, By Technology

5.1 North America residential boiler market share by technology, 2021 & 2030
5.2 Condensing
- 5.2.1 North America market from condensing, 2018 - 2030
- 5.2.2 North America market from condensing, by country, 2018 - 2030
- 5.2.3 Natural gas
  - 5.2.3.1 North America market from natural gas, 2018 - 2030
  - 5.2.3.2 North America market from natural gas, by country, 2018 - 2030
- 5.2.4 Oil
  - 5.2.4.1 North America market from oil, 2018 - 2030
  - 5.2.4.2 North America market from oil, by country, 2018 - 2030
- 5.2.5 Others
  - 5.2.5.1 North America market from others, 2018 - 2030
  - 5.2.5.2 North America market from others, by country, 2018 - 2030
5.3 Non-condensing
- 5.3.1 North America market from non-condensing, 2018 - 2030
- 5.3.2 North America market from non-condensing, by country, 2018 - 2030
- 5.3.3 Natural gas
  - 5.3.3.1 North America market from natural gas, 2018 - 2030
  - 5.3.3.2 North America market from natural gas, by country, 2018 - 2030
- 5.3.4 Oil
  - 5.3.4.1 North America market from oil, 2018 - 2030
  - 5.3.4.2 North America market from oil, by country, 2018 - 2030
- 5.3.5 Others
  - 5.3.5.1 North America market from others, 2018 - 2030
  - 5.3.5.2 North America market from others, by country, 2018 - 2030

Chapter 6 North America Residential Boiler Market, By Capacity

6.1 North America residential boiler market share by capacity, 2021 & 2030
6.2 ≤ 25k BTU
- 6.2.1 North America market from ≤ 25k BTU, 2018 - 2030
- 6.2.2 North America market from ≤ 25k BTU, by country, 2018 - 2030
6.3 > 25k BTU - 50k BTU
- 6.3.1 North America market from > 25k BTU - 50k BTU, 2018 - 2030
- 6.3.2 North America market from > 25k BTU - 50k BTU, by country, 2018 - 2030
6.4 > 50k BTU
- 6.4.1 North America market from > 50k BTU, 2018 - 2030
- 6.4.2 North America market from > 50k BTU, by country, 2018 - 2030

Chapter 7 North America Residential Boiler Market, By Country

7.1 North America residential boiler market share by country, 2021 & 2030
7.2 U.S.
- 7.2.1 U.S. market, 2018 - 2030
- 7.2.2 U.S. market by fuel, 2018 - 2030
- 7.2.3 U.S. market by technology, 2018 - 2030
  - 7.2.3.1 U.S. market by technology from condensing, 2018 - 2030
  - 7.2.3.2 U.S. market by technology from non-condensing, 2018 - 2030
- 7.2.4 U.S. market by capacity, 2018 - 2030
7.3 Canada
- 7.3.1 Canada market, 2018 - 2030
- 7.3.2 Canada market by fuel, 2018 - 2030
- 7.3.3 Canada market by technology, 2018 - 2030
  - 7.3.3.1 Canada market by technology from condensing, 2018 - 2030
  - 7.3.3.2 Canada market by technology from non-condensing, 2018 - 2030
- 7.3.4 Canada market by capacity, 2018 - 2030
7.4 Mexico
- 7.4.1 Mexico market, 2018 - 2030
- 7.4.2 Mexico market by fuel, 2018 - 2030
- 7.4.3 Mexico market by technology, 2018 - 2030
  - 7.4.3.1 Mexico market by technology from condensing, 2018 - 2030
  - 7.4.3.2 Mexico market by technology from non-condensing, 2018 - 2030
- 7.4.4 Mexico market by capacity, 2018 - 2030

Chapter 8 Company Profiles

8.1 A.O. Smith
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
8.2 Lennox International Inc.
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 SWOT Analysis
8.3 PB Heat, LLC
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 SWOT Analysis
8.4 Slant/Fin Corporation
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 SWOT Analysis
8.5 Ariston Holding N.V.
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
8.6 Viessmann Group
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
8.7 Bradford White Corporation, USA
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
8.8 Bosch Thermotechnology Corp.
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
8.9 WM Technologies, LLC.
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
8.10 Burnham Holdings Inc.
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
8.11 Daikin Industries, Ltd.
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 SWOT Analysis
8.12 ACV
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
8.13 NTI Boilers
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 SWOT Analysis
8.14 Navien Inc.
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product l
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
8.15 Rinnai America Corporation
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis