PUBLISHER: IMARC | PRODUCT CODE: 1722966
PUBLISHER: IMARC | PRODUCT CODE: 1722966
Residential Boiler Market Size, Share, Trends and Forecast by Type, Fuel Type, Technology, and Region, 2025-2033
The global residential boiler market size was valued at USD 8.93 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 13.28 Billion by 2033, exhibiting a CAGR of 4.28% during 2025-2033. Asia Pacific currently dominates the market, holding a significant market share of 38.2% in 2024. The market is driven by strict energy efficiency regulations, rising environmental awareness among masses, and government incentives promoting eco-friendly systems. Besides this, the residential boiler market share is influenced by increasing demand in colder regions for reliable heating solutions, while the strong presence of leading manufacturers catalyze innovation and market competition.
Residential boilers refer to hydronic heating systems that convert chemical energy into thermal energy to heat the water present inside the tank. They consist of radiators or baseboards that assist in heating the water via convection and maintaining the temperature while circulating it through metallic vessels. Residential boilers offer high reliability, longer shelf-life, less maintenance, optimal energy efficiency, and are environmental-friendly. On account of these properties, they are employed across public infrastructures, holiday homes, and residential establishments. At present, residential boilers are commercially available in condensing and non-condensing technologies.
Residential Boiler Market Trends:
With the rising ongoing construction activities, particularly in emerging economies, there has been an increasing demand for energy-efficient water heating equipment, such as residential boilers, to offer consumers an easy access to warm water. This represents the prime factor currently driving the market growth. In line with this, the rising concerns regarding the heat and pollution generated by boilers have prompted the governments of various countries to undertake stringent initiatives for promoting the establishment of green buildings and uptake of eco-friendly residential boilers as a sustainable heating technology. This, in turn, assists in improving air quality by mitigating the depletion of natural resources and minimizing the emissions of greenhouse gases (GHGs). Additionally, significant technological advancements and growing investments in research and development (R&D) activities have led the introduction of coal, oil, and gas-fired residential boilers at reduced manufacturing cost, which is also contributing to the market growth. Moreover, the extensive utilization of condensing boilers in residential areas on account of its various beneficial properties, including affordability, reduced carbon footprints, and clean heating operation, is propelling the market growth. Other factors, such as rapid urbanization and rising disposable incomes in developing regions, along with the increasing need for high-performance heating devices with easy maintenance and installation, are creating a positive outlook for the market.
Key Market Segmentation:
Breakup by Type:
- Water Tube Boiler
- Fire Tube Boiler
- Electric Boiler
Breakup by Fuel Type:
- Coal Fired
- Oil Fired
- Gas Fired
- Others
Breakup by Technology:
- Condensing
- Non-condensing
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being A. O. Smith Corporation, Ariston Holding N.V., Bradford White Corporation, Burnham Holdings Inc., Daikin Industries Ltd., FERROLI S.p.A, Lennox International Inc., NORITZ Corporation, Robert Bosch GmbH, Slant/Fin Corporation, SPX Corporation and Viessmann.
Key Questions Answered in This Report
- 1.How big is the residential boiler market?
- 2.What is the future outlook of residential boiler market?
- 3.What are the key factors driving the residential boiler market?
- 4.Which region accounts for the largest residential boiler market share?
- 5.Which are the leading companies in the global residential boiler market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Residential Boiler Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Water Tube Boiler
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Fire Tube Boiler
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Electric Boiler
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Fuel Type
- 7.1 Coal Fired
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Oil Fired
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Gas Fired
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Technology
- 8.1 Condensing
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Non-condensing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 A. O. Smith Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Ariston Holding N.V.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Bradford White Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Burnham Holdings Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Daikin Industries Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 FERROLI S.p.A
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Lennox International Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 NORITZ Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Robert Bosch GmbH
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Slant/Fin Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 SPX Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Viessmann
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 A. O. Smith Corporation
List of Figures
- Figure 1: Global: Residential Boiler Market: Major Drivers and Challenges
- Figure 2: Global: Residential Boiler Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Residential Boiler Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Residential Boiler Market: Breakup by Type (in %), 2024
- Figure 5: Global: Residential Boiler Market: Breakup by Fuel Type (in %), 2024
- Figure 6: Global: Residential Boiler Market: Breakup by Technology (in %), 2024
- Figure 7: Global: Residential Boiler Market: Breakup by Region (in %), 2024
- Figure 8: Global: Residential Boiler (Water Tube Boiler) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Residential Boiler (Water Tube Boiler) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Residential Boiler (Fire Tube Boiler) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Residential Boiler (Fire Tube Boiler) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Residential Boiler (Electric Boiler) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Residential Boiler (Electric Boiler) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Residential Boiler (Coal Fired) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Residential Boiler (Coal Fired) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Residential Boiler (Oil Fired) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Residential Boiler (Oil Fired) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Residential Boiler (Gas Fired) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Residential Boiler (Gas Fired) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Residential Boiler (Other Fuel Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Residential Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Residential Boiler (Condensing) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Residential Boiler (Condensing) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Residential Boiler (Non-condensing) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Residential Boiler (Non-condensing) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: North America: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: North America: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: United States: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: United States: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Canada: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Canada: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Asia-Pacific: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Asia-Pacific: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: China: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: China: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Japan: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Japan: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: India: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: India: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: South Korea: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: South Korea: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Australia: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Australia: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Indonesia: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Indonesia: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Others: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Others: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Europe: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Europe: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Germany: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Germany: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: France: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: France: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: United Kingdom: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: United Kingdom: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Italy: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Italy: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Spain: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Spain: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Russia: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Russia: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Others: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Others: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Latin America: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Latin America: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Brazil: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Brazil: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Mexico: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Mexico: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Others: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Others: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Middle East and Africa: Residential Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Middle East and Africa: Residential Boiler Market: Breakup by Country (in %), 2024
- Figure 74: Middle East and Africa: Residential Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Global: Residential Boiler Industry: SWOT Analysis
- Figure 76: Global: Residential Boiler Industry: Value Chain Analysis
- Figure 77: Global: Residential Boiler Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Residential Boiler Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Residential Boiler Market Forecast: Breakup by Type (in Million USD), 2025-2033
- Table 3: Global: Residential Boiler Market Forecast: Breakup by Fuel Type (in Million USD), 2025-2033
- Table 4: Global: Residential Boiler Market Forecast: Breakup by Technology (in Million USD), 2025-2033
- Table 5: Global: Residential Boiler Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Residential Boiler Market: Competitive Structure
- Table 7: Global: Residential Boiler Market: Key Players
