Global Electrode Boiler Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electrode Boiler Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An Electrode Boiler is an equipment that utilizes water as a resistor to conduct electrical current and create heat to generate steam. In an electrode boiler AC current flows in water between three or more electrodes. The electrical resistance of the water generates the heat directly. The heat can be used to provide hot water for a heating system or to produce steam for industrial processes.

Market Overview:

The latest research study on the global Electrode Boiler market finds that the global Electrode Boiler market reached a value of USD 474.87 million in 2022. It’s expected that the market will achieve USD 625.18 million by 2028, exhibiting a CAGR of 4.69% during the forecast period.

Raw material prices fluctuate

For manufacturing companies, volatility and instability in global raw material markets have broad implications. From rising energy costs to unexpected fluctuations in raw material prices, unforeseen difficulties are seriously affecting the stability of supply chains, making it difficult for manufacturers to remain profitable. For fluctuations in raw material prices, manufacturers either bear the increased costs themselves and seek new ways to reduce fees, or pass on price increases to consumers or downstream markets. All of these methods have certain risks.

The main raw materials in Electrode Boilers products is metal materials. Rising energy costs around the world are expected to drive up the cost of metal raw materials, affected by the military conflict between Russia and Ukraine. In addition, the global outbreak of COVID-19 has negatively impacted the supply chain of the entire raw material market, such as traffic restrictions. COVID-19, rising raw material costs, and rising transportation costs are all having an impact. Unforeseen events like this will have an impact on Electrode Boiler' raw material market, putting more pressure on international suppliers. This is a challenge for manufacturers of Electrode Boiler products.

The clean heating equipment market has great potential

Electrode boiler utilize the conductive and resistive properties of water to carry electric current and generate steam. An A.C. current flows from an electrode of one phase to ground using the water as a conductor. Since chemicals in the water provide conductivity, the current flow generates heat directly in the water itself. The more current (amps) that flows, the more heat (Btu) is generated, and the more steam produced. Crucially, almost 100% of the electrical energy is converted into heat with no stack or heat transfer losses. With the rapid development of the clean heating market in recent years, this technical advantage of the electrode boiler just caters to the industry trend of the clean heating market.
More, as the EU and U.S. resolve to dramatically cut their greenhouse gases to combat climate change, the urgency for areas using district heating to similarly reduce their carbon emissions will only grow. Advanced, zero-emission electric boiler technology can be a readily implementable part of the solution.

Technical barriers

Electrode boilers originated in Europe, and the technical threshold is relatively high. Especially advanced electrode boiler technology.
The core technologies of electrode boilers include electrical technology, boiler technology, electrochemical technology and thermal control technology. These technologies need to be cross-integrated. The R&D technical force is comprehensive and difficult to develop in the short term. In addition, the technical test and test conditions of high-power electrode boilers are not easy to obtain. The test and test of electrode boilers require a large-capacity high-voltage power supply, which greatly exceeds the traditional factory power distribution capacity. In addition, compared with international brands with a history of nearly a century, some companies still lack large-scale and long-term application practices and on-site feedback corrections. Therefore, over the years, the technical barriers erected by well-known manufacturers have made it difficult for other manufacturers to overcome.

Region Overview:

Geographically, Asia Pacific held the largest market share -- 49.36% in 2022.

Company Overview:

Elpanneteknik is one of the major players operating in the Electrode Boiler market, holding a share of 23.35% in 2022.

Elpanneteknik

The world´s leading supplier of emission free heating focusing on electrode boilers, quality, innovative technical solutions and business models.

VAPEC

VAPEC is a company that specialises in the manufacture and maintenance of industrial boiler plants.

Segmentation Overview:

By type, Semi-immersed Electrode Boiler segment accounted for the largest share of market in 2022.

Electrode boilers are mainly divided into two types: jet type and immersion type according to different technical routes. Jet type electrode boilers spray furnace water onto electrodes for heating, and immersion type connected to high-voltage power supply electrodes are directly immersed in boiler water for heating. The immersion type is divided into Fully Submerged Electrode Boiler and Semi-immersed Electrode Boiler according to the degree of immersion.

Application Overview:

The market's largest segment by application is the segment Power Industry, with a market share of 62.7% in 2022.

Power Industry

Electrode Boiler products can be used for grid peak regulation in the Power Industry.

Heating

Electrode Boiler products in the heating industry can convert electrical energy into thermal energy for residential and commercial heating.

Chemical Industry

Electrode Boiler products can provide high-quality steam and high-heat warm water in the Chemical Industry.

Others

Electrode Boiler products are used in manufacturing processes in other industries such as paper, food, automotive and more.

Key Companies in the global Electrode Boiler market covered in Chapter 3:

Hangzhou Runpaq Energy Equipment Co., Ltd.
VAPEC
Acme Engineering
Inopower
Vapor Power International
Elpanneteknik
PARAT Halvorsen
Cleaver-Brooks

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrode Boiler market from 2018 to 2029 is primarily split into:

Fully Submerged Electrode Boiler
Semi-immersed Electrode Boiler
Jet Electrode Boiler

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrode Boiler market from 2018 to 2029 covers:

Power Industry
Heating
Chemical Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)