PUBLISHER: The Business Research Company | PRODUCT CODE: 1769873
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769873
A commercial electric boiler is a heating system that utilizes electricity to produce steam or hot water for commercial buildings and industrial processes. It efficiently converts electrical energy into heat, offering a clean and reliable source of thermal energy. Its primary function is to provide consistent heating or steam for space heating, hot water, or process applications across various commercial and industrial environments.
The primary categories of commercial electric boilers include resistive element boilers, electrode boilers, and heat pump boilers. Resistive element boilers operate by using electric heating elements, similar to large electric heaters, to heat water or generate steam. They come in different capacities, such as up to 1 kilowatt (kW), 10-50 kilowatts (kW), 50-100 kilowatts (kW), and over 100 kilowatts (kW), and are sold through both direct and indirect sales channels. These boilers find widespread use in sectors like healthcare, education, commercial buildings, industrial facilities, and more.
The commercial electric boiler market research report is one of a series of new reports from The Business Research Company that provides commercial electric boiler market statistics, including the commercial electric boiler industry global market size, regional shares, competitors with the commercial electric boiler market share, detailed commercial electric boiler market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial electric boiler industry. This commercial electric boiler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The commercial electric boiler market size has grown rapidly in recent years. It will grow from $1.79 billion in 2024 to $1.97 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth during the historic period can be attributed to a growing preference for low-maintenance and reliable heating systems, rising industrialization in emerging markets, increasing fuel prices and supply uncertainties, greater adoption of smart and automated systems, and a heightened focus on reducing carbon footprints.
The commercial electric boiler market size is expected to see strong growth in the next few years. It will grow to $2.86 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth expected in the forecast period is driven by the increased adoption of smart monitoring and control technologies, rising investments in electric boiler research and development, growing awareness of indoor air quality and safety standards, increased demand for modular and scalable heating solutions, and a stronger emphasis on lowering operational costs in commercial buildings. Key trends in the forecast period include advancements in smart monitoring and diagnostics, innovations in modular boiler systems, the use of advanced materials for improved durability, integration with building management systems, and improvements in electrode boiler efficiency.
The rising demand for energy-efficient heating solutions is expected to drive growth in the commercial electric boiler market going forward. Energy-efficient heating solutions are technologies and systems designed to use less energy while maintaining the same level of heating comfort, thereby reducing energy consumption, lowering costs, and minimizing environmental impact. This increase is driven by growing regulatory pressure to cut carbon emissions. Commercial electric boilers support energy-efficient heating by providing clean, consistent heat with minimal energy loss, making them well-suited for modern commercial spaces. They reduce dependence on fossil fuels by using electricity, which aids sustainability goals and improves operational efficiency. For example, in September 2024, ElectricHomes, a UK-based electric heating provider, reported that the UK installed 36,799 air source heat pumps and 2,469 ground or water source heat pumps, bringing the total number of MCS-certified installations to 229,618 in 2023-a 20% increase compared to 2022. Thus, the growing demand for energy-efficient heating solutions is propelling the commercial electric boiler market.
Leading companies in the commercial electric boiler market are focusing on advanced products such as customizable cascade electric heaters to enhance energy efficiency, improve system scalability, and address diverse heating needs across applications. Customizable cascade electric heaters involve connecting multiple electric heating units (boilers) configured to operate sequentially based on demand. For example, in May 2024, Lochinvar, a US-based water heating solutions company, introduced the LECTRUS light commercial electric boiler, offering versatile, sustainable heating with advanced features like a smart system liquid crystal display (LCD) control platform, supporting electrification and decarbonization in various commercial settings.
In January 2024, Laars Heating Systems, a US-based boiler manufacturer, acquired Electro Industries Inc. for an undisclosed sum. Through this acquisition, Laars Heating Systems aims to expand its presence in the electric heating market, broaden its product range to meet rising electrification demands, and strengthen its U.S. manufacturing capabilities by integrating Electro Industries' expertise in electric boilers and heat pump technology. Electro Industries Inc. is a US-based company specializing in electric boiler manufacturing.
Major players in the commercial electric boiler market are Alfa Laval AB, A. O. Smith Corporation, Viessmann Group, Vaillant GmbH, Cleaver-Brooks Inc., Chromalox Inc., Fulton Boiler Works Inc., Babcock Wanson Group, Lochinvar LLC, Laars Heating Systems Company, Cochran Ltd., Danstoker A/S, Vapor Power International LLC, Ecotherm Austria GmbH, Precision Boilers LLC, Bosch Thermotechnology GmbH, Elnur UK Limited, Reimers Electra Steam Inc., Sussman Electric Boilers, Thermona spol. s r.o., Flexiheat UK Ltd., Ariston Thermo Group, and ACV International.
North America was the largest region in the commercial electric boiler market in 2024. The regions covered in commercial electric boiler report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the commercial electric boiler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The commercial electric boiler market consists of sales of electric steam generators, electric hot water boilers, modular electric boiler systems, integrated control systems, boiler skid packages, expansion tanks, circulator pumps, and pressure relief valves. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Commercial Electric Boiler Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on commercial electric boiler market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for commercial electric boiler ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The commercial electric boiler market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.