The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global residential boiler market was valued at US$ 7.73 Billion in 2021.
We expect the global residential boiler market to exhibit a CAGR of 5.10% during 2022-2027.
The increasing adoption of residential boilers for easy access to warm water as they are affordable,
eco-friendly, and energy efficient is primarily driving the global residential boiler market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of residential boilers.
Based on the type, the global residential boiler market can be categorized into water tube boiler, fire
tube boiler, and electric boiler. Currently, fire tube boiler exhibits clear dominance in the market.
Based on the fuel type, the global residential boiler market has been segmented into coal fired, oil
fired, gas fired, and others. Among these, gas fired currently represents the largest market share.
Based on the technology, the global residential boiler market can be bifurcated into condensing and
non-condensing. Currently, condensing technology accounts for the majority of the total market
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global residential boiler market include 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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at