Commercial Electric Boilers

Global Commercial Electric Boilers Market to Reach US$6.2 Billion by 2030

The global market for Commercial Electric Boilers estimated at US$2.4 Billion in the year 2024, is expected to reach US$6.2 Billion by 2030, growing at a CAGR of 17.3% over the analysis period 2024-2030. = 0.3 - 2.5 MMBtu/hr Capacity, one of the segments analyzed in the report, is expected to record a 18.8% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the > 2.5 - 10 MMBtu/hr Capacity segment is estimated at 17.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$622.8 Million While China is Forecast to Grow at 16.2% CAGR

The Commercial Electric Boilers market in the U.S. is estimated at US$622.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$947.7 Million by the year 2030 trailing a CAGR of 16.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 16.1% and 14.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.

Global Commercial Electric Boilers Market - Key Trends & Drivers Summarized

Why Are Commercial Electric Boilers Gaining Popularity in Modern Heating Systems?

Commercial electric boilers are emerging as a viable alternative to traditional gas and oil-fired boilers due to their energy efficiency, lower emissions, and ease of installation. With rising concerns over carbon footprints and government regulations targeting energy efficiency, businesses are increasingly opting for electric boilers to comply with stringent environmental policies. These boilers are widely used in office buildings, hospitals, educational institutions, and industrial facilities for heating and hot water applications. Unlike combustion-based boilers, electric boilers operate silently and do not produce harmful emissions, making them ideal for indoor installations in commercial settings. The growing adoption of renewable energy sources such as solar and wind power is further driving the demand for electric boilers, as businesses seek to integrate them with sustainable energy systems for greater operational efficiency. The push for net-zero buildings and the phasing out of fossil fuel heating systems in various regions are also accelerating market adoption. Additionally, electric boilers have lower maintenance requirements compared to traditional boilers, reducing operational costs for commercial facility owners and operators. The increasing electrification of commercial heating solutions aligns with global decarbonization efforts, making electric boilers a future-proof investment for businesses looking to enhance energy efficiency and sustainability.

What Technological Advancements Are Shaping the Commercial Electric Boiler Market?

The commercial electric boiler industry is undergoing significant innovation, with manufacturers focusing on enhancing efficiency, scalability, and smart connectivity. Modern electric boilers are being equipped with advanced control systems that allow for precise temperature regulation, load modulation, and remote monitoring via IoT-based platforms. Smart grid compatibility is also being incorporated, enabling boilers to adjust heating loads based on real-time electricity pricing and grid demand fluctuations, reducing energy costs. High-capacity commercial electric boilers with modular configurations are being introduced to cater to large-scale applications, providing businesses with flexible and scalable heating solutions. Furthermore, AI-driven predictive maintenance technology is being integrated to monitor boiler performance, detect anomalies, and optimize efficiency, preventing costly downtime. The shift toward compact and space-saving designs is another trend, allowing for easy integration into commercial buildings with limited mechanical space. Additionally, manufacturers are developing hybrid boiler systems that combine electric heating with heat pumps or thermal storage units to enhance energy savings. With increasing governmental support for clean energy solutions, financial incentives, and carbon reduction targets, the adoption of technologically advanced commercial electric boilers is expected to rise, positioning them as a key component of next-generation commercial heating systems.

SCOPE OF STUDY:

The report analyzes the Commercial Electric Boilers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Capacity (= 0.3 - 2.5 MMBtu/hr Capacity, > 2.5 - 10 MMBtu/hr Capacity, > 10 - 50 MMBtu/hr Capacity, > 50 - 100 MMBtu/hr Capacity, > 100 - 250 MMBtu/hr Capacity); Product (Hot Water Commercial Electric Boilers, Steam Commercial Electric Boilers)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 36 Featured) -

• A. O. Smith Corporation
• Baxi (BDR Thermea Group)
• Bosch Industriekessel GmbH
• Bryan Boilers
• Burnham Commercial
• Chromalox, Inc.
• Cleaver-Brooks
• De Dietrich Remeha
• Doosan Babcock
• Electro Industries, Inc.
• Fulton Boiler Works, Inc.
• Laars Heating Systems Company
• Lattner Boiler Company
• Lochinvar, LLC
• Parker Boiler Co.
• Precision Boilers
• Slant/Fin Corporation
• Sussman Electric Boilers
• Thermal Solutions Products, LLC
• Thermogenics Boilers Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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