
Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Trending Now
Base Year
Historical Year
Forecast Year
The global residential boiler market size reached approximately USD 7.99 billion in 2024. The market is further projected to grow at a CAGR of 5.4% between 2025 and 2034, reaching a value of USD 12.90 billion by 2034.
Residential boilers are central heating appliances that are used for heating households. They heat water in a tank and distribute it to various radiators through a network of pipes. The heat generated through the boilers can be delivered by the in-floor radiant systems or baseboards.
On the basis of type, the market is divided into water tube boiler, fire tube boiler, and electric boiler. Based on technology, the market is classified into condensing and non-condensing. On the basis of fuel type, the market is bifurcated into oil-fired and gas fired.
Based on region, the residential boiler market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Electric boilers are anticipated to account for a significant residential boiler market share. This growth can be attributed to the sound free operation offered by the product. The relatively small size of the electric boilers as opposed to the alternate heating methods supports their installation in various residential buildings and compact housing units. Electric boilers directly convert electric energy into thermal energy, ensuring the maintenance of constant temperature and minimisation of risk of fluxes.
The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the expansion of the residential sectors in the region owing to increasing population. The rising investments towards the development of green buildings and increasing initiatives to minimise greenhouse gas emissions, owing to growing environmental concerns are boosting the residential boiler market demand. The quieter nature of the boilers as compared to forced air systems due to the steam produced from heated water is further bolstering the adoption of boilers in the residential sector.
Daikin Industries Ltd., headquartered in Osaka, Japan, is one of the leading manufacturers of air conditioners. The company was founded in 1924 and also specialises in defence systems, residential boilers, oil hydraulics, filter products, and fluorochemicals, among others.
Burnham Holdings, Inc. is one of the leading HVAC and refrigeration manufacturing companies that provides interior comfort and thermal solutions for industrial, residential, and commercial sectors. The company was founded in 1962 and is headquartered in Pennsylvania, United States.
BDR Thermea Group B.V. is an appliance, electrical, and electronics manufacturing company that is dedicated towards providing sustainable products to allow the customers to reduce their carbon footprint. The company was established in 1684 and is headquartered in Apeldoorn, Netherlands.
Other residential boiler market key players include Lennox International Inc., Ferroli S.p.A, Bradford White Corporation, Ariston Holding NV, Noritz Corporation, Viessmann Manufacturing Company, Inc., and SPX Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Boiler Type |
|
Breakup by Technology |
|
Breakup by Fuel Type |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market reached a value of approximately USD 7.99 billion in 2024.
The market is projected to grow at a CAGR of 5.4% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 12.90 billion by 2034.
The major market drivers include the increased adoption of electric boilers and rising stringency of government regulations to reduce carbon emissions.
The key trends fuelling the growth of the market include rising investments towards the development of green buildings and growing requirement for water and space heating solutions by the residential sector due to increasing urbanisation.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types include water tube boiler, fire tube boiler, and electric boiler.
The key players in the market are Daikin Industries Ltd., Burnham Holdings, Inc., BDR Thermea Group B.V., Lennox International Inc., Ferroli S.p.A, Bradford White Corporation, Ariston Holding NV, Noritz Corporation, Viessmann Manufacturing Company, Inc., and SPX Corporation, among others.
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share