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Report Snapshots
Residential Boiler Market- Competitive Analysis, Opportunity & Forecast, 2027

Global Residential Boiler Market Size By Technology [Condensing and Non-Condensing], By Product [Water-tube, Fire-tube], By Fuel [Gas, Coal, Oil], By Region [North America, Europe, Asia Pacific, Middle East & Africa and Latin America], Forecast & Opportunities, 2020-2027

Market Overview

Global Residential boiler market was registered at around USD 10 billion in 2018 and the market is expected to grow significantly during the forecasted period of 2020-27 due to government policies and increasing environmental awareness.

Residential boilers are enclosed metallic vessels which transfer the heat to water which is then circulated through radiators or other devices for space heating purpose. The boilers are eco-friendly and help to reduce pollution. With advancements in technologies, residential boilers can greatly help in reducing electricity cost

Rapid urbanization, need for energy efficient system and environmental norms towards reducing GHG gases is creating demand for the residential boiler market globally.

However, availability of alternatives is hindering the growth of the Global Residential boiler market.

Market Segmentation

Global Residential Boiler Market can be segmented into Technology, Product, Fuel and Region.

By Technology, Global Residential Boiler Market can be segmented into Condensing and Non-Condensing. The condensing residential boiler segment is expected to grow significantly during the forecasted period of 2020-27 due to various government measures toward energy conservation.

By Product, Global Residential Boiler Market can be segmented into Water-tube, Fire-tube.The Fire tube segment accounts for the largest market share due to low operation and installation cost.

By Fuel, Global Residential Boiler Market can be segmented into Gas, Coal, Oil.The natural gas segment holds the largest market share due to low pollution, competitive pricing and minimal maintenance cost. Oil fired residential boiler market is expected to grow significantly during the forecasted period of 2020-27  due to growing popularity of central heating system and low accessibility of natural gas.

By Region, Global Residential Boiler Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Regional Analysis

North America and Europe Residential boiler market holds the largest market share due to government initiatives on limiting carbon emissions. Germany dominates the Europe market due to favorable policies and ongoing retrofitting and replacement of traditional heating units will influence the demand. The US leads the North American market due to growing demand for condensing boilers and governments’ norms on minimum efficiency requirements for residential boilers.

Asia Pacific Residential boiler market is expected to grow significantly during the forecasted period of 2020-27 due China’s spending on residential establishments and rising urbanization in Asian countries.

Competitor Analysis

The key market players in Global Residential Boiler Market are Bosch, Weil-McLain, A.O. Smith, Siemens AG, HTP, Viessmann Manufacturing Company Inc, Parker Boiler,ACV, Slant/Fin Corporation,Buderus, ECR International, Burnham Holdings,NTI Boilers, PB Heat, AC Boilers S.p.A., NAVIEN Inc, Saudi Boilers,Bradford White Corporation (BWC), Lennox International Inc,Baxi.

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