How big is the Electric Boiler Market | Growth and Global Trends 2025

Q: What is the overall size of the electric boiler market?

The electric boiler market is projected at approximately USD 6.1 billion by 2031.

Q: What are the major applications of electric boilers?

Electric boilers are widely used in space heating, hot water supply, and industrial process heating across residential and manufacturing sectors.

Q: What is the CAGR of the electric boiler market during the forecast period?

The electric boiler market is expected to grow at a CAGR of 8.6% during forecast period.

Q: Which type of electric boiler is leading the market?

Resistance boilers hold a major share due to simple design, ease of use, and compatibility with various applications.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5887

Publication Date: Jul 2025

How big is the electric boiler market?

According to 6Wresearch internal database and industry insights, electric boiler market was valued at approximately USD 3.4 billion in 2024 and is projected to reach USD 6.1 billion by 2031, growing at a CAGR of 8.6% during the forecast period.

This growth is driven by increasing demand for low-emission heating solutions, strict environmental regulations, and the shift toward electrification in the residential and industrial sectors. Enhanced energy efficiency and compact system designs are further boosting market penetration worldwide.

Key Growth Factors of the Electric Boiler Market

Rising focus on clean and emission-free heating technologies
Strict government regulations on carbon emissions
Technological advancements in thermal storage and system efficiency
Easy integration with renewable energy sources like solar and wind
Increased demand for compact, space-saving heating units in urban setups
Growing electrification in residential and commercial heating applications

Electric Boiler Market Trends

The market is seeing increased adoption of smart electric boilers with IoT-based temperature controls, remote diagnostics, and energy consumption analytics. Hybrid boiler systems combining heat pumps and electric units are gaining popularity. Europe dominates due to strong regulatory frameworks, while Asia-Pacific is witnessing growth in industrial adoption and smart infrastructure development.

Emerging Developments in the Electric Boiler Market

Vendors are launching modular electric boilers for industrial process heating, along with fully programmable thermostatic controls for residential use. Integration with home automation systems and support for demand-side management are on the rise. Additionally, advancements in electrode and resistance heating technologies are expanding application versatility.