Residential Boiler Market By Type (Water Tube, Fire Tube, Electric), By Technology (Condensing, Non Condensing), By Fuel Type (Coal Fired, Oil Fired, Gas Fired, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global residential boiler market was valued at $7.6 billion in 2021, and is projected to reach $12.5 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Residential boiler is a device, which converts chemical energy into thermal energy and further uses the same for water heating and keeping the residential area warm. It is used in homes, public buildings, holiday homes, farmhouses, and other residential places for air and water heating. It possesses advantages such as high reliability, long-life, high-energy efficiency, less pollution, less floor area, and others. Technological advancements in residential boiler are expected to reduce the manufacturing costs, lessen pollution, and increase efficiency, which, in turn, helps drive the market growth in the coming years.
For analysis, the residential boiler market is segmented into type, technology, fuel type, and region. The study highlights various types of residential boilers available in the market. This includes water tube boiler, fire tube boiler, and electric boiler. Furthermore, it focuses on various technologies used for operation of residential boilers, which include condensing and non-condensing. The key fuel types of residential boilers are coal fired, gas fired, oil-fired, and others. The report covers the revenue generated by residential boilers across various regions such as North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global residential boiler market are Ariston Thermo SpA, Bradford White Corporation, Burnham Holdings, Inc., Ferroli S.P.A., Lennox International, Noritz Corporation, Robert Bosch GmbH, Slant/Fin Corporation, SPX Corporation, and Viessmann Manufacturing Company, Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the residential boiler market analysis from 2021 to 2031 to identify the prevailing residential boiler market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the residential boiler market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global residential boiler market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Water Tube
Fire Tube
Electric
By Technology
Condensing
Non Condensing
By Fuel Type
Coal Fired
Oil Fired
Gas Fired
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Ariston Thermo SpA
Bradford White Corporation
Burnham Holdings,
Ferroli S.p.A
Lennox International
Noritz Corporation,
Robert Bosch GmbH
Slant/Fin Corporation
SPX Corporation
Viessmann Manufacturing Company, Inc.
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