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Residential Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global residential boiler market reached a value of US$ 7.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.52 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Residential boilers refer to hydronic heating systems that convert chemical energy into thermal energy to heat the water present inside the tank. They consist of radiators or baseboards that assist in heating the water via convection and maintaining the temperature while circulating it through metallic vessels. Residential boilers offer high reliability, longer shelf-life, less maintenance, optimal energy efficiency, and are environmental-friendly. On account of these properties, they are employed across public infrastructures, holiday homes, and residential establishments. At present, residential boilers are commercially available in condensing and non-condensing technologies.

 

 
 

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Residential Boiler Market Trends:

With the rising ongoing construction activities, particularly in emerging economies, there has been an increasing demand for energy-efficient water heating equipment, such as residential boilers, to offer consumers an easy access to warm water. This represents the prime factor currently driving the market growth. In line with this, the rising concerns regarding the heat and pollution generated by boilers have prompted the governments of various countries to undertake stringent initiatives for promoting the establishment of green buildings and uptake of eco-friendly residential boilers as a sustainable heating technology. This, in turn, assists in improving air quality by mitigating the depletion of natural resources and minimizing the emissions of greenhouse gases (GHGs). Additionally, significant technological advancements and growing investments in research and development (R&D) activities have led the introduction of coal, oil, and gas-fired residential boilers at reduced manufacturing cost, which is also contributing to the market growth. Moreover, the extensive utilization of condensing boilers in residential areas on account of its various beneficial properties, including affordability, reduced carbon footprints, and clean heating operation, is propelling the market growth. Other factors, such as rapid urbanization and rising disposable incomes in developing regions, along with the increasing need for high-performance heating devices with easy maintenance and installation, are creating a positive outlook for the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global residential boiler market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, fuel type and technology.

Breakup by Type:

 

 
 

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  • Water Tube Boiler
  • Fire Tube Boiler
  • Electric Boiler
     

Breakup by Fuel Type:

  • Coal Fired
  • Oil Fired
  • Gas Fired
  • Others
     

Breakup by Technology:

  • Condensing
  • Non-condensing
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being A. O. Smith Corporation, Ariston Holding N.V., Bradford White Corporation, Burnham Holdings Inc., Daikin Industries Ltd., FERROLI S.p.A, Lennox International Inc., NORITZ Corporation, Robert Bosch GmbH, Slant/Fin Corporation, SPX Corporation and Viessmann.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Fuel Type, Technology, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered A. O. Smith Corporation, Ariston Holding N.V., Bradford White Corporation, Burnham Holdings Inc., Daikin Industries Ltd., FERROLI S.p.A, Lennox International Inc., NORITZ Corporation, Robert Bosch GmbH, Slant/Fin Corporation, SPX Corporation and Viessmann.
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global residential boiler market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global residential boiler market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the technology?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global residential boiler market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Residential Boiler Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Water Tube Boiler
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Fire Tube Boiler
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Electric Boiler
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Fuel Type
    7.1    Coal Fired
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Oil Fired
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Gas Fired
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Technology
    8.1    Condensing
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Non-condensing
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    A. O. Smith Corporation
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Ariston Holding N.V. 
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Bradford White Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Burnham Holdings Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Daikin Industries Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    FERROLI S.p.A
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Lennox International Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    NORITZ Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Robert Bosch GmbH
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 SWOT Analysis
        14.3.10    Slant/Fin Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    SPX Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Viessmann
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Residential Boiler Market: Major Drivers and Challenges
Figure 2: Global: Residential Boiler Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Residential Boiler Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Residential Boiler Market: Breakup by Type (in %), 2021
Figure 5: Global: Residential Boiler Market: Breakup by Fuel Type (in %), 2021
Figure 6: Global: Residential Boiler Market: Breakup by Technology (in %), 2021
Figure 7: Global: Residential Boiler Market: Breakup by Region (in %), 2021
Figure 8: Global: Residential Boiler (Water Tube Boiler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Residential Boiler (Water Tube Boiler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Residential Boiler (Fire Tube Boiler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Residential Boiler (Fire Tube Boiler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Residential Boiler (Electric Boiler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Residential Boiler (Electric Boiler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Residential Boiler (Coal Fired) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Residential Boiler (Coal Fired) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Residential Boiler (Oil Fired) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Residential Boiler (Oil Fired) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Residential Boiler (Gas Fired) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Residential Boiler (Gas Fired) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Residential Boiler (Other Fuel Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Residential Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Residential Boiler (Condensing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Residential Boiler (Condensing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Residential Boiler (Non-condensing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Residential Boiler (Non-condensing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Residential Boiler Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Residential Boiler Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Residential Boiler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Residential Boiler Industry: SWOT Analysis
Figure 76: Global: Residential Boiler Industry: Value Chain Analysis
Figure 77: Global: Residential Boiler Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Residential Boiler Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Residential Boiler Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Residential Boiler Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 4: Global: Residential Boiler Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Residential Boiler Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Residential Boiler Market: Competitive Structure
Table 7: Global: Residential Boiler Market: Key Players

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