Commercial Electric Boiler Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032
The Global Commercial Electric Boiler Market reached USD 1.9 billion in 2023 and is projected to grow at a CAGR of 15.5% from 2024 to 2032, driven by the increasing demand for space heating solutions and ongoing efforts to decarbonize the sector. A notable shift toward energy-efficient heating systems, along with renovations of commercial buildings, is expected to further expand the fuel market. Commercial electric boilers are essential for providing heating and hot water to large facilities, such as schools, hospitals, and office complexes. Known for their durability and high energy efficiency, these boilers use advanced technologies that enhance their control, safety, and compliance with environmental regulations, ensuring optimal operation while minimizing energy consumption.
Additionally, significant investments from both the private and public sectors in developing commercial establishments, fueled by an abundance of raw materials, an available workforce, and favorable economic conditions, are set to enhance market dynamics. The market for commercial electric boilers with capacities ranging from 10 to 50 MMBtu/hr is expected to exceed USD 1 billion by 2032. Government initiatives focused on reducing carbon emissions across various sectors, significantly boost the demand for such systems. The drive for energy efficiency, along with the boilers’ inherent benefits—such as cost savings, improved comfort, and reduced operational expenses—are accelerating their adoption. The flexibility and reliability of commercial electric boilers, coupled with an increasing demand for environmentally sustainable heating solutions, will further enhance their market penetration.
The commercial steam electric boiler segment is projected to achieve a CAGR of over 15% by 2032. The rising demand for low- and medium-pressure steam applications, especially in educational and office environments, is expected to support this market growth. Stricter emission regulations that reduce carbon footprints alongside supportive government policies and investments in clean technologies also contribute to economic expansion. Furthermore, the emphasis on energy efficiency and sustainability is encouraging industries to upgrade outdated steam boiler systems with modern, efficient models that meet contemporary environmental standards. U.S. commercial electric boiler market is poised to surpass USD 600 million by 2032. The growing need for space heating due to cold winter temperatures and the urgency to modernize aging commercial infrastructures will enhance overall market prospects.Innovations such as intelligent thermostats and IoT-integrated systems are expected to further enrich the commercial electric boiler landscape. Additionally, government policies promoting clean energy and the gradual phase-out of traditional gas and coal-fired boilers have accelerated the deployment of electric boiler solutions.
Additionally, significant investments from both the private and public sectors in developing commercial establishments, fueled by an abundance of raw materials, an available workforce, and favorable economic conditions, are set to enhance market dynamics. The market for commercial electric boilers with capacities ranging from 10 to 50 MMBtu/hr is expected to exceed USD 1 billion by 2032. Government initiatives focused on reducing carbon emissions across various sectors, significantly boost the demand for such systems. The drive for energy efficiency, along with the boilers’ inherent benefits—such as cost savings, improved comfort, and reduced operational expenses—are accelerating their adoption. The flexibility and reliability of commercial electric boilers, coupled with an increasing demand for environmentally sustainable heating solutions, will further enhance their market penetration.
The commercial steam electric boiler segment is projected to achieve a CAGR of over 15% by 2032. The rising demand for low- and medium-pressure steam applications, especially in educational and office environments, is expected to support this market growth. Stricter emission regulations that reduce carbon footprints alongside supportive government policies and investments in clean technologies also contribute to economic expansion. Furthermore, the emphasis on energy efficiency and sustainability is encouraging industries to upgrade outdated steam boiler systems with modern, efficient models that meet contemporary environmental standards. U.S. commercial electric boiler market is poised to surpass USD 600 million by 2032. The growing need for space heating due to cold winter temperatures and the urgency to modernize aging commercial infrastructures will enhance overall market prospects.Innovations such as intelligent thermostats and IoT-integrated systems are expected to further enrich the commercial electric boiler landscape. Additionally, government policies promoting clean energy and the gradual phase-out of traditional gas and coal-fired boilers have accelerated the deployment of electric boiler solutions.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Market estimates & forecast parameters
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Introduction
4.2 Strategic outlook
4.3 Innovation & sustainability landscape
CHAPTER 5 MARKET SIZE AND FORECAST, BY VOLTAGE RATING ('000 UNITS & USD MILLION)
5.1 Key trends
5.2 Low voltage
5.3 Medium voltage
CHAPTER 6 MARKET SIZE AND FORECAST, BY CAPACITY ('000 UNITS & USD MILLION)
6.1 Key trends
6.2 ? 0.3 - 2.5 MMBtu/hr
6.3 > 2.5 - 10 MMBtu/hr
6.4 > 10 - 50 MMBtu/hr
6.5 > 50 - 100 MMBtu/hr
6.6 > 100 - 250 MMBtu/hr
CHAPTER 7 MARKET SIZE AND FORECAST, BY PRODUCT ('000 UNITS & USD MILLION)
7.1 Key trends
7.2 Hot water
7.3 Steam
CHAPTER 8 MARKET SIZE AND FORECAST, BY APPLICATION ('000 UNITS & USD MILLION)
8.1 Key trends
8.2 Offices
8.3 Healthcare facilities
8.4 Educational institutions
8.5 Lodgings
8.6 Retail stores
8.7 Others
CHAPTER 9 MARKET SIZE AND FORECAST, BY REGION ('000 UNITS & USD MILLION)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 France
9.3.2 UK
9.3.3 Poland
9.3.4 Italy
9.3.5 Spain
9.3.6 Germany
9.3.7 Russia
9.3.8 Austria
9.3.9 Sweden
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.4.6 Indonesia
9.4.7 Philippines
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 Iran
9.5.3 UAE
9.5.4 Egypt
9.5.5 Nigeria
9.5.6 Kenya
9.5.7 Morocco
9.5.8 South Africa
9.6 Latin America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Colombia
9.6.4 Chile
CHAPTER 10 COMPANY PROFILES
10.1 Acme Engineering Products
10.2 ACV
10.3 Babcock Wanson
10.4 Bosch Industriekessel
10.5 Cleaver-Brooks
10.6 Cochran
10.7 Danstoker
10.8 Ecotherm Austria
10.9 Electro Industries
10.10 Flexiheat UK
10.11 Hi-Therm Boilers
10.12 Kloepper-Therm
10.13 LAARS Heating Systems
10.14 Lochinvar
10.15 Precision Boilers
10.16 SAS Lacaze Energies
10.17 Slant/Fin Corporation
10.18 Thermon
10.19 Varmebaronen
10.20 Viessmann
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Market estimates & forecast parameters
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Introduction
4.2 Strategic outlook
4.3 Innovation & sustainability landscape
CHAPTER 5 MARKET SIZE AND FORECAST, BY VOLTAGE RATING ('000 UNITS & USD MILLION)
5.1 Key trends
5.2 Low voltage
5.3 Medium voltage
CHAPTER 6 MARKET SIZE AND FORECAST, BY CAPACITY ('000 UNITS & USD MILLION)
6.1 Key trends
6.2 ? 0.3 - 2.5 MMBtu/hr
6.3 > 2.5 - 10 MMBtu/hr
6.4 > 10 - 50 MMBtu/hr
6.5 > 50 - 100 MMBtu/hr
6.6 > 100 - 250 MMBtu/hr
CHAPTER 7 MARKET SIZE AND FORECAST, BY PRODUCT ('000 UNITS & USD MILLION)
7.1 Key trends
7.2 Hot water
7.3 Steam
CHAPTER 8 MARKET SIZE AND FORECAST, BY APPLICATION ('000 UNITS & USD MILLION)
8.1 Key trends
8.2 Offices
8.3 Healthcare facilities
8.4 Educational institutions
8.5 Lodgings
8.6 Retail stores
8.7 Others
CHAPTER 9 MARKET SIZE AND FORECAST, BY REGION ('000 UNITS & USD MILLION)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 France
9.3.2 UK
9.3.3 Poland
9.3.4 Italy
9.3.5 Spain
9.3.6 Germany
9.3.7 Russia
9.3.8 Austria
9.3.9 Sweden
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.4.6 Indonesia
9.4.7 Philippines
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 Iran
9.5.3 UAE
9.5.4 Egypt
9.5.5 Nigeria
9.5.6 Kenya
9.5.7 Morocco
9.5.8 South Africa
9.6 Latin America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Colombia
9.6.4 Chile
CHAPTER 10 COMPANY PROFILES
10.1 Acme Engineering Products
10.2 ACV
10.3 Babcock Wanson
10.4 Bosch Industriekessel
10.5 Cleaver-Brooks
10.6 Cochran
10.7 Danstoker
10.8 Ecotherm Austria
10.9 Electro Industries
10.10 Flexiheat UK
10.11 Hi-Therm Boilers
10.12 Kloepper-Therm
10.13 LAARS Heating Systems
10.14 Lochinvar
10.15 Precision Boilers
10.16 SAS Lacaze Energies
10.17 Slant/Fin Corporation
10.18 Thermon
10.19 Varmebaronen
10.20 Viessmann
