Low Voltage Commercial Electric Boilers

Global Low Voltage Commercial Electric Boilers Market to Reach US$2.8 Billion by 2030

The global market for Low Voltage Commercial Electric Boilers estimated at US$1.3 Billion in the year 2024, is expected to reach US$2.8 Billion by 2030, growing at a CAGR of 14.1% over the analysis period 2024-2030. Hot Water, one of the segments analyzed in the report, is expected to record a 12.7% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Steam segment is estimated at 16.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$347.1 Million While China is Forecast to Grow at 18.6% CAGR

The Low Voltage Commercial Electric Boilers market in the U.S. is estimated at US$347.1 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$594.7 Million by the year 2030 trailing a CAGR of 18.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.5% and 12.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR.

Global Low Voltage Commercial Electric Boiler Market – Key Trends & Drivers Summarized

What Is a Low Voltage Commercial Electric Boiler and Why Is It Gaining Momentum in Sustainable Heating?
A low voltage commercial electric boiler is a type of water heating system used in commercial buildings such as schools, hospitals, office spaces, and retail facilities. It operates using electricity to heat water for space heating or domestic hot water (DHW) purposes, typically within low voltage applications (below 1,000V). Unlike conventional boilers that rely on fossil fuels like gas or oil, electric boilers are considered cleaner, safer, and more sustainable—making them increasingly attractive in the context of decarbonization and the global energy transition.

These boilers are compact, efficient, and highly controllable, offering near 100% efficiency at the point of use. They produce zero on-site emissions, have fewer moving parts, and require less maintenance compared to combustion-based systems. As electricity generation continues to shift toward renewables in many regions, electric boilers also enable buildings to reduce their overall carbon footprint. With regulatory pressure on carbon emissions, rising fuel costs, and expanding electrification policies, low voltage electric boilers are emerging as a key heating solution in commercial energy strategies.

What Are the Key Innovations and Market Trends in Electric Boiler Technology?
The low voltage commercial electric boiler market is benefiting from a wave of technological advancements and digital integration. Modern systems now feature smart control capabilities, including programmable thermostats, Wi-Fi connectivity, and integration with building management systems (BMS). These enable precise load modulation and energy optimization based on real-time demand, occupancy, and ambient temperature conditions—improving operational efficiency and reducing peak load stress on the electrical grid.

Another emerging trend is the use of modular and scalable electric boiler units, which allow commercial facilities to expand heating capacity incrementally without major structural changes. This is especially beneficial for buildings with fluctuating heat loads or for properties undergoing retrofits. Some models are also designed to integrate with thermal storage systems, enabling off-peak electricity usage and further reducing operational costs.

Furthermore, the electrification of heat aligns well with renewable energy integration. Buildings with on-site solar PV, wind turbines, or energy storage systems can use electric boilers as a controllable thermal load—absorbing excess renewable energy and contributing to grid balancing. Manufacturers are also focusing on low-noise, high-efficiency resistive heating elements, improved corrosion-resistant materials, and compact, wall-mounted units to meet the design constraints of urban and high-density commercial properties.

What Is Driving the Growth of the Global Low Voltage Commercial Electric Boiler Market?
The growth in the global low voltage commercial electric boiler market is driven by several factors, including increasing decarbonization goals, electrification of the building sector, and rising demand for clean, maintenance-friendly heating systems. With governments and corporations committing to net-zero targets, the electrification of heating in commercial buildings is seen as a critical pathway to reduce carbon emissions. As fossil fuel-based heating systems face stricter emissions regulations and higher operational costs, electric boilers are gaining traction as compliant, future-proof alternatives.

Urbanization and the expansion of commercial real estate—particularly in regions such as Europe, North America, and parts of Asia-Pacific—are creating demand for heating systems that are compact, scalable, and easy to install. Retrofitting existing buildings to replace aging gas or oil boilers with electric alternatives is also accelerating due to policy incentives, energy-efficiency mandates, and carbon pricing mechanisms. Programs like the EU Green Deal, the U.S. Inflation Reduction Act, and various local electrification initiatives are reinforcing this trend by offering rebates, subsidies, and grants for electric heating technologies.

In addition, growing awareness of indoor air quality, safety, and operational simplicity is leading facility managers to prefer electric boilers, especially in sectors like healthcare, education, and hospitality. With improvements in grid infrastructure, energy storage, and smart energy systems, the low voltage commercial electric boiler market is expected to continue its upward trajectory, supported by the twin forces of policy-driven sustainability and technology-enabled performance.

SCOPE OF STUDY:

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

Segments:
Type (Hot Water, Steam); Application (Offices, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Aalberts Integrated Piping Systems
• Acme Engineering Products Ltd.
• Babcock Wanson
• Bosch Thermotechnology
• Cleaver-Brooks Inc.
• Cochrane Engineering
• Electro Industries, Inc.
• Fulton Companies
• Hi-Therm Boilers Pvt. Ltd.
• Klöpper-Therm GmbH & Co. KG
• Lochinvar
• NIBE Industrier AB
• Precision Boilers
• Reimers Electra Steam, Inc.
• Rinnai Corporation
• Siemens AG
• Stiebel Eltron
• The Viessmann Group
• Värmebaronen
• Vicinity Energy

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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