Electric Boiler Market

Electric Boiler Market (Product Type: Hot Water Boilers and Steam Water Boilers; and Category: Traditional Electric Boilers and Smart Electric Boilers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Electric Boiler Market Outlook 2031

  • The global industry was valued at US$ 7.6 Bn in 2022
  • It is estimated to grow at a CAGR of 9.7% from 2023 to 2031 and reach US$ 17.4 Bn by the end of 2031

Analysts’ Viewpoint

Growth in demand for energy efficient solutions is a key factor driving electric boiler market growth. Electric boiler is an emission free product as it does not burn any fuel and can reduce carbon footprint by working on energy generated from renewable resources. The low maintenance and installation costs are anticipated to drive the market demand.

Rise in government regulations to curb harmful emissions is projected to significantly drive the market value. Recent market trends include the development of innovative features and technologies in electric boiler systems.

Major industry players are launching ecofriendly and sustainable products to reduce emissions and protect the environment, which is expected to strengthen their global presence and result in market progress.

Electric Boiler Market

Market Overview

An electric boiler, also known as electric boiler heater, refers to a device which is used for boiling water using electricity. It differs from a gas or oil boiler as it uses electricity rather than fossil fuels. Electric boilers are often employed in residential and commercial heating applications, such as for central heating systems, underfloor heating, and in some cases even domestic hot water delivery.

An electric heating element, a water tank or cylinder to contain the water, a thermostat to regulate the temperature, safety measures to control the temperature, and safety features to avoid overheating or electrical problems are the essential elements of an electric boiler. The electric heating element warms up as the boiler is coiled, sending heat to the water and increasing its temperature.

The availability of electric boiler heating systems in a variety of sizes, forms, and designs makes it suitable for a range of properties. Homes with restricted access to the main gas supply can benefit the most from it.

Carbon emission reduction is the goal of governments worldwide. According to the Heat and Buildings strategy of the government of the U.K., about 17% of U.K.’s carbon emission comes from heating homes. Electric boilers play a major role in emission reduction as they do not produce emission like gas and oil boilers. This is estimated to lead to electric boiler market development.

High Energy Efficiency and Low Maintenance & Installation Costs

Electric boilers are simple to use, and are often more efficient than boilers that use fossil fuels. They emit less pollutants as they do not need to be fueled by gas or oil. No energy is lost during the process of burning fuel to generate heat, which makes electric boilers highly energy-efficient. In contrast to gas boilers, which have an energy rating of 89%-95%, electric boilers often have a 99% rating. Hence, the energy efficiency advantages are driving electric boiler market growth.

Electric boilers are considered as a low maintenance device as they have no moving parts. Other types of boilers have more moving components and are thus more prone to malfunctions. Pipes may eventually need to be replaced in heating systems such as biomass boilers, wood pellet boilers, and other combustion boilers. Consumers prefer electric boilers as they are easy to maintain and manageable, which further contributes to the rising demand for electric boilers in residential heating systems.

Electric boilers, compared to other options, require less installation cost and effort. As there is no combustion taking place within the boiler, the need for fuel is eliminated. Electric boilers are simple and easy to install. Therefore, the overall installation costs are substantially lower than for a gas boiler. Consumers are increasingly inclined toward such products.

Government Regulations Regarding Ban on Fossil Fuel Boilers

Government regulations regarding emission control are expected to have a significant impact on the growth of the electric boiler market size. Governments are implementing various regulations to reduce greenhouse gas emissions and promote the use of clean energy.

According to Ecostandard.org, the European Union has announced plans to end the sale of 'standalone' fossil fuel boilers by 2029. The proposals were a component of the REPowerEU strategy and were included in the EU Save Energy message.

The ban on fossil fuel boilers are expected to create several electric boiler market revenue opportunities in the next few years.

High Demand for Hot Water Boilers

On the basis of product type, the electric boiler market segmentation includes hot water boilers and steam water boilers. Hot water boilers is the leading segment of the global electric boiler market.

Electric hot water boilers are easy to regulate and more effective. These boilers heat every part of the home to the desired temperature using a space saving and energy-efficient system. Another benefit of hot water boilers is the zoning and flexibility options offered by them. Zoning allows usage of separate emitter in each room. Different emitters can also be used in different rooms to precisely set the level of warmth in each room. All these factors are driving the segment growth.

Regional Insights

According to the latest electric boiler market forecast report, Europe is likely to dominate the global market. According to European Heat Pump Association (EHPA), European countries are planning to ban fossil fuel heaters. For instance, Germany is expected to end mono-fuel oil boilers from 2026, both in new and already existing buildings.

Oil and gas boilers would no longer be sold or installed in Ireland beginning in 2023 for new construction and in 2025 for existing structures, while Slovakia is also planning to ban the sale and installation of new fuel and oil boilers. Abolishing gas boilers is anticipated to create lucrative electric boiler market opportunities in Europe in the next few years.

Electric boiler market statistics suggests that the industry in North America and Asia Pacific is growing at a healthy pace owing to rise in demand for environment-friendly boilers for household and commercial purposes. Additionally, characteristics of electric boilers, such as compact size, less noise, and high efficiency, are expected to propel the market growth in the regions.

Analysis of Key Players

Detailed profiles of key players and competitive landscape in the electric boiler industry are provided in the electric boiler market research report to evaluate their financials, key product offerings, recent developments, and strategies. Companies are collaborating strategically to accelerate product innovation and expand their business lines in regional and international markets.

The top electric boiler manufacturers are August Brotje GmbH, Sussman Electric Boilers, BDR Thermea Group, NIBE Energy Systems Limited, P.M. Lattner Manufacturing Co., Precision Boilers, LLC., Reimers Electra Steam, Inc., Thermo 2000 Inc., Tonon Evolution S.R.L., Varmebaronen AB, Bosch Thermotechnology, and Seimens AG. These players have been progressively investing in advanced technologies and infrastructure to capture majority of the electric boiler market share.

Key Market Developments

  • On January 18, 2023, BDR Thermea Group announced the acquisition of heat network company, Fortes Energy Systems. The acquisition was done with a view to expand the product portfolio of the company's energy transition solutions for customers. The acquisition has resulted in the addition of heat networks to BDR Thermea Group’s portfolio of energy transition solutions, alongside heat pumps and hybrids.
  • On August 04, 2022, Sussman Electric Boilers, a manufacturer of electric steam and hot water boilers, was acquired by Diversified Heat Transfer Inc. (DHT), a manufacturer of heat equipment and systems. Two organizations with long histories in the heating sector would be combined owing to the acquisition.
  • On July 20, 2022, Bosch Thermotechnology one of the leading manufacturers of electric boilers, launched the new ELSB electric steam boiler for commercial and industrial steam generation, as part of its ongoing effort to provide more eco-friendly solutions that save resources, cut emissions, and safeguard the environment and climate

Each of these players has been profiled in the electric boiler market report based on parameters such as company overview, business strategies, product portfolio, financial overview, business segments, and recent developments.

Electric Boiler Market Snapshot

Attribute Detail

Market Value in 2022

US$ 7.6 Bn

Market Forecast Value in 2031

US$ 17.4 Bn

Growth Rate (CAGR)

9.7%

Forecast Period

2023-2031

Historical Data Available for

2017-2021

Quantitative Units

US$ Bn for Value & Thousand Units for Volume

Market Analysis

Qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Segmentation

  • Product Type
    • Hot Water Boilers
    • Steam Water Boilers
  • Category
    • Traditional Electric Boilers
    • Smart Electric Boilers
  • Storage
    • Storage Electric Boilers
    • Non-storage Electric Boilers
  • End-use
    • Residential
    • Commercial
  • Price
    • Low
    • Medium
    • High
  • Distribution Channel
    • Online
      • E-commerce Websites
      • Company-owned Websites
    • Offline
      • Hypermarkets and Supermarkets
      • Specialty Stores
      • Independent Retailers
      • Retail Stores

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Companies Profiled

  • August Brotje GmbH
  • Sussman Electric Boilers
  • BDR Thermea Group
  • NIBE Energy Systems Limited
  • P.M. Lattner Manufacturing Co.
  • Precision Boilers, LLC.
  • Reimers Electra Steam, Inc.
  • Thermo 2000 Inc.
  • Tonon Evolution S.R.L.
  • Varmebaronen AB
  • Bosch Thermotechnology
  • Seimens AG
  • Other Key Players

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global electric boiler market in 2022?

It was valued at US$ 7.6 Bn in 2022

How big is the electric boiler industry expected to be by 2031?

It is expected to reach US$ 17.4 Bn by 2031

What are the key factors driving the demand for electric boilers?

High energy efficiency and low maintenance & installation costs

Which electric boiler product type accounts for largest share?

Hot water boilers product type accounts for largest share

How promising is Europe for electric boiler vendors?

Europe is a highly promising market for electric boiler vendors

Who are the key players in the global electric boiler sector?

August Brotje GmbH, Sussman Electric Boilers, BDR Thermea Group, NIBE Energy Systems Limited, P.M. Lattner Manufacturing Co., Precision Boilers, LLC., Reimers Electra Steam, Inc., Thermo 2000 Inc., Tonon Evolution S.R.L., Varmebaronen AB, Bosch Thermotechnology, and Seimens AG

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

    5.1. Market Dynamics

        5.1.1. Drivers

        5.1.2. Restraints

        5.1.3. Opportunities

    5.2. Key Trends Analysis

        5.2.1. Demand Side Analysis

        5.2.2. Supply Side Analysis

    5.3. Key Market Indicators

    5.4. Porter’s Five Forces Analysis

    5.5. Value Chain Analysis

    5.6. Industry SWOT Analysis

    5.7. COVID-19 Impact Analysis

    5.8. Global Electric Boiler Market Analysis and Forecast, 2017 - 2031

        5.8.1. Market Value Projections (US$ Bn)

        5.8.2. Market Volume Projections (Thousand Units)

6. Global Electric Boiler Market Analysis and Forecast, by Product Type

    6.1. Global Electric Boiler Market Size (US$ Bn) (Thousand Units), by Product Type, 2017 - 2031

        6.1.1. Hot Water Boilers

        6.1.2. Steam Water Boilers

    6.2. Incremental Opportunity, by Product Type

7. Global Electric Boiler Market Analysis and Forecast, by Category

    7.1. Global Electric Boiler Market Size (US$ Bn) (Thousand Units), by Category, 2017 - 2031

        7.1.1. Traditional Electric Boilers

        7.1.2. Smart Electric Boilers

    7.2. Incremental Opportunity, by Category

8. Global Electric Boiler Market Analysis and Forecast, by Storage

    8.1. Global Electric Boiler Market Size (US$ Bn) (Thousand Units), by Storage, 2017 - 2031

        8.1.1. Storage Electric Boilers

        8.1.2. Non-storage Electric Boilers

    8.2. Incremental Opportunity, by Storage

9. Global Electric Boiler Market Analysis and Forecast, by End-use

    9.1. Global Electric Boiler Market Size (US$ Bn) (Thousand Units), by End-use, 2017 - 2031

        9.1.1. Residential

        9.1.2. Commercial

    9.2. Incremental Opportunity, by End-use

10. Global Electric Boiler Market Analysis and Forecast, by Price

    10.1. Global Electric Boiler Market Size (US$ Bn) (Thousand Units), by Price, 2017 - 2031

        10.1.1. Low

        10.1.2. Medium

        10.1.3. High

    10.2. Incremental Opportunity, by Price

11. Global Electric Boiler Market Analysis and Forecast, by Distribution Channel

    11.1. Global Electric Boiler Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031

        11.1.1. Online

            11.1.1.1. E-commerce Websites

            11.1.1.2. Company-owned Websites

        11.1.2. Offline

            11.1.2.1. Hypermarkets and Supermarkets

            11.1.2.2. Specialty Stores

            11.1.2.3. Independent Retailers

            11.1.2.4. Retail Stores

    11.2. Incremental Opportunity, by Distribution Channel

12. Global Electric Boiler Market Analysis and Forecast, by Region

    12.1. Global Electric Boiler Market Size (US$ Bn) (Thousand Units), by Region, 2017 - 2031

        12.1.1. North America

        12.1.2. Europe

        12.1.3. Asia Pacific

        12.1.4. Middle East & Africa

        12.1.5. South America

    12.2. Incremental Opportunity, by Region

13. North America Electric Boiler Market Analysis and Forecast

    13.1. Regional Snapshot

    13.2. Key Supplier Analysis

    13.3. Key Trends Analysis

        13.3.1. Supply side

        13.3.2. Demand Side

    13.4. Price Trend Analysis

        13.4.1. Weighted Average Selling Price (US$)

    13.5. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Product Type, 2017 - 2031

        13.5.1. Hot Water Boilers

        13.5.2. Steam Water Boilers

    13.6. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Category, 2017 - 2031

        13.6.1. Traditional Electric Boilers

        13.6.2. Smart Electric Boilers

    13.7. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Storage, 2017 - 2031

        13.7.1. Storage Electric Boilers

        13.7.2. Non-storage Electric Boilers

    13.8. Electric Boiler Market Size (US$ Bn) (Thousand Units), by End-use, 2017 - 2031

        13.8.1. Residential

        13.8.2. Commercial

    13.9. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Price, 2017 - 2031

        13.9.1. Low

        13.9.2. Medium

        13.9.3. High

        13.9.4. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031

        13.9.5. Online

            13.9.5.1. E-commerce Websites

            13.9.5.2. Company-owned Websites

        13.9.6. Offline

            13.9.6.1. Hypermarkets and Supermarkets

            13.9.6.2. Specialty Stores

            13.9.6.3. Independent Retailers

            13.9.6.4. Retail stores

    13.10. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031

        13.10.1. U.S.

        13.10.2. Canada

        13.10.3. Rest of North America

    13.11. Incremental Opportunity Analysis

14. Europe Electric Boiler Market Analysis and Forecast

    14.1. Regional Snapshot

    14.2. Key Supplier Analysis

    14.3. Key Trends Analysis

        14.3.1. Supply side

        14.3.2. Demand Side

    14.4. Price Trend Analysis

        14.4.1. Weighted Average Selling Price (US$)

    14.5. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Product Type, 2017 - 2031

        14.5.1. Hot Water Boilers

        14.5.2. Steam Water Boilers

    14.6. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Category, 2017 - 2031

        14.6.1. Traditional Electric Boilers

        14.6.2. Smart Electric Boilers

    14.7. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Storage, 2017 - 2031

        14.7.1. Storage Electric Boilers

        14.7.2. Non-storage Electric Boilers

    14.8. Electric Boiler Market Size (US$ Bn) (Thousand Units), by End-use, 2017 - 2031

        14.8.1. Residential

        14.8.2. Commercial

    14.9. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Price, 2017 - 2031

        14.9.1. Low

        14.9.2. Medium

        14.9.3. High

    14.10. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031

        14.10.1. Online

            14.10.1.1. E-commerce Websites

            14.10.1.2. Company-owned Websites

        14.10.2. Offline

            14.10.2.1. Hypermarkets and Supermarkets

            14.10.2.2. Specialty Stores

            14.10.2.3. Independent Retailers

            14.10.2.4. Retail stores

    14.11. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031

        14.11.1. U.K.

        14.11.2. Germany

        14.11.3. France

        14.11.4. Rest of Europe

    14.12. Incremental Opportunity Analysis

15. Asia Pacific Electric Boiler Market Analysis and Forecast

    15.1. Regional Snapshot

    15.2. Key Supplier Analysis

    15.3. Key Trends Analysis

        15.3.1. Supply side

        15.3.2. Demand Side

    15.4. Price Trend Analysis

        15.4.1. Weighted Average Selling Price (US$)

    15.5. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Product Type, 2017 - 2031

        15.5.1. Hot Water Boilers

        15.5.2. Steam Water Boilers

    15.6. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Category, 2017 - 2031

        15.6.1. Traditional Electric Boilers

        15.6.2. Smart Electric Boilers

    15.7. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Storage, 2017 - 2031

        15.7.1. Storage Electric Boilers

        15.7.2. Non-storage Electric Boilers

    15.8. Electric Boiler Market Size (US$ Bn) (Thousand Units), by End-use, 2017 - 2031

        15.8.1. Residential

        15.8.2. Commercial

    15.9. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Price, 2017 - 2031

        15.9.1. Low

        15.9.2. Medium

        15.9.3. High

        15.9.4. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031

        15.9.5. Online

            15.9.5.1. E-commerce Websites

            15.9.5.2. Company-owned Websites

        15.9.6. Offline

            15.9.6.1. Hypermarkets and Supermarkets

            15.9.6.2. Specialty Stores

            15.9.6.3. Independent Retailers

            15.9.6.4. Retail stores

    15.10. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031

        15.10.1. China

        15.10.2. India

        15.10.3. Japan

        15.10.4. Rest of Asia Pacific

    15.11. Incremental Opportunity Analysis

16. Middle East & Africa Electric Boiler Market Analysis and Forecast

    16.1. Regional Snapshot

    16.2. Key Supplier Analysis

    16.3. Key Trends Analysis

        16.3.1. Supply side

        16.3.2. Demand Side

    16.4. Price Trend Analysis

        16.4.1. Weighted Average Selling Price (US$)

    16.5. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Product Type, 2017 - 2031

        16.5.1. Hot Water Boilers

        16.5.2. Steam Water Boilers

    16.6. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Category, 2017 - 2031

        16.6.1. Traditional Electric Boilers

        16.6.2. Smart Electric Boilers

    16.7. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Storage, 2017 - 2031

        16.7.1. Storage Electric Boilers

        16.7.2. Non-storage Electric Boilers

    16.8. Electric Boiler Market Size (US$ Bn) (Thousand Units), by End-use, 2017 - 2031

        16.8.1. Residential

        16.8.2. Commercial

    16.9. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Price, 2017 - 2031

        16.9.1. Low

        16.9.2. Medium

        16.9.3. High

    16.10. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031

        16.10.1. Online

            16.10.1.1. E-commerce Websites

            16.10.1.2. Company-owned Websites

        16.10.2. Offline

            16.10.2.1. Hypermarkets and Supermarkets

            16.10.2.2. Specialty Stores

            16.10.2.3. Independent Retailers

            16.10.2.4. Retail stores

    16.11. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031

        16.11.1. GCC

        16.11.2. South Africa

        16.11.3. Rest of Middle East & Africa

    16.12. Incremental Opportunity Analysis

17. South America Electric Boiler Market Analysis and Forecast

    17.1. Regional Snapshot

    17.2. Key Supplier Analysis

    17.3. Key Trends Analysis

        17.3.1. Supply side

        17.3.2. Demand Side

    17.4. Price Trend Analysis

        17.4.1. Weighted Average Selling Price (US$)

    17.5. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Product Type, 2017 - 2031

        17.5.1. Hot Water Boilers

        17.5.2. Steam Water Boilers

    17.6. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Category, 2017 - 2031

        17.6.1. Traditional Electric Boilers

        17.6.2. Smart Electric Boilers

    17.7. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Storage, 2017 - 2031

        17.7.1. Storage Electric Boilers

        17.7.2. Non-storage Electric Boilers

    17.8. Electric Boiler Market Size (US$ Bn) (Thousand Units), by End-use, 2017 - 2031

        17.8.1. Residential

        17.8.2. Commercial

    17.9. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Price, 2017 - 2031

        17.9.1. Low

        17.9.2. Medium

        17.9.3. High

    17.10. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031

        17.10.1. Online

            17.10.1.1. E-commerce Websites

            17.10.1.2. Company-owned Websites

        17.10.2. Offline

            17.10.2.1. Hypermarkets and Supermarkets

            17.10.2.2. Specialty Stores

            17.10.2.3. Independent Retailers

            17.10.2.4. Retail stores

    17.11. Electric Boiler Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031

        17.11.1. Brazil

        17.11.2. Rest of South America

    17.12. Incremental Opportunity Analysis

18. Competition Landscape

    18.1. Competition Dashboard

    18.2. Market Share Analysis % (2022)

    18.3. Company Profiles [Company Overview, Product Portfolio, Financial Information (Subject to Data Availability), Business Strategies/Recent Developments]

        18.3.1. August Brotje GmbH

            18.3.1.1. Company Overview

            18.3.1.2. Product Portfolio

            18.3.1.3. Financial Information (Subject to Data Availability)

            18.3.1.4. Business Strategies/Recent Developments

        18.3.2. Sussman Electric Boilers

            18.3.2.1. Company Overview

            18.3.2.2. Product Portfolio

            18.3.2.3. Financial Information (Subject to Data Availability)

            18.3.2.4. Business Strategies/Recent Developments

        18.3.3. BDR Thermea Group

            18.3.3.1. Company Overview

            18.3.3.2. Product Portfolio

            18.3.3.3. Financial Information (Subject to Data Availability)

            18.3.3.4. Business Strategies/Recent Developments

        18.3.4. NIBE Energy Systems Limited

            18.3.4.1. Company Overview

            18.3.4.2. Product Portfolio

            18.3.4.3. Financial Information (Subject to Data Availability)

            18.3.4.4. Business Strategies/Recent Developments

        18.3.5. P.M. Lattner Manufacturing Co.

            18.3.5.1. Company Overview

            18.3.5.2. Product Portfolio

            18.3.5.3. Financial Information (Subject to Data Availability)

            18.3.5.4. Business Strategies/Recent Developments

        18.3.6. Precision Boilers, LLC.

            18.3.6.1. Company Overview

            18.3.6.2. Product Portfolio

            18.3.6.3. Financial Information (Subject to Data Availability)

            18.3.6.4. Business Strategies/Recent Developments

        18.3.7. Reimers Electra Steam, Inc.

            18.3.7.1. Company Overview

            18.3.7.2. Product Portfolio

            18.3.7.3. Financial Information (Subject to Data Availability)

            18.3.7.4. Business Strategies/Recent Developments

        18.3.8. Thermo 2000 Inc.

            18.3.8.1. Company Overview

            18.3.8.2. Product Portfolio

            18.3.8.3. Financial Information (Subject to Data Availability)

            18.3.8.4. Business Strategies/Recent Developments

        18.3.9. Tonon Evolution S.R.L.

            18.3.9.1. Company Overview

            18.3.9.2. Product Portfolio

            18.3.9.3. Financial Information (Subject to Data Availability)

            18.3.9.4. Business Strategies/Recent Developments

        18.3.10. Varmebaronen AB

            18.3.10.1. Company Overview

            18.3.10.2. Product Portfolio

            18.3.10.3. Financial Information (Subject to Data Availability)

            18.3.10.4. Business Strategies/Recent Developments

        18.3.11. Bosch Thermotechnology

            18.3.11.1. Company Overview

            18.3.11.2. Product Portfolio

            18.3.11.3. Financial Information (Subject to Data Availability)

            18.3.11.4. Business Strategies/Recent Developments

        18.3.12. Seimens AG

            18.3.12.1. Company Overview

            18.3.12.2. Product Portfolio

            18.3.12.3. Financial Information (Subject to Data Availability)

            18.3.12.4. Business Strategies/Recent Developments

19. Go To Market Strategy

    19.1. Identification of Potential Market Spaces

    19.2. Understanding the Buying Process of Customers

    19.3. Preferred Sales & Marketing Strategy

List of Tables

Table 1: Global Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Table 2: Global Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Table 3: Global Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Table 4: Global Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Table 5: Global Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Table 6: Global Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Table 7: Global Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Table 8: Global Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Table 9: Global Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Table 10: Global Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Table 11: Global Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Table 12: Global Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Table 13: Global Electric Boiler Market Value (US$ Bn), By Region, 2017 - 2031

Table 14: Global Electric Boiler Market Volume (Thousand Units), By Region, 2017 - 2031

Table 15: North America Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Table 16: North America Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Table 17: North America Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Table 18: North America Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Table 19: North America Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Table 20: North America Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Table 21: North America Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Table 22: North America Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Table 23: North America Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Table 24: North America Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Table 25: North America Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Table 26: North America Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Table 27: North America Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Table 28: North America Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Table 29: Europe Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Table 30: Europe Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Table 31: Europe Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Table 32: Europe Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Table 33: Europe Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Table 34: Europe Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Table 35: Europe Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Table 36: Europe Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Table 37: Europe Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Table 38: Europe Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Table 39: Europe Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Table 40: Europe Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Table 41: Europe Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Table 42: Europe Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Table 43: Asia Pacific Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Table 44: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Table 45: Asia Pacific Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Table 46: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Table 47: Asia Pacific Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Table 48: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Table 49: Asia Pacific Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Table 50: Asia Pacific Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Table 51: Asia Pacific Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Table 52: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Table 53: Asia Pacific Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Table 54: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Table 55: Asia Pacific Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Table 56: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Table 57: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Table 58: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Table 59: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Table 60: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Table 61: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Table 62: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Table 63: Middle East & Africa Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Table 64: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Table 65: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Table 66: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Table 67: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Table 68: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Table 69: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Table 70: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Table 71: South America Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Table 72: South America Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Table 73: South America Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Table 74: South America Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Table 75: South America Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Table 76: South America Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Table 77: South America Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Table 78: South America Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Table 79: South America Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Table 80: South America Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Table 81: South America Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Table 82: South America Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Table 83: South America Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Table 84: South America Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

List of Figures

Figure 1: Global Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Figure 2: Global Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Figure 3: Global Electric Boiler Market Incremental Opportunity (US$ Bn), By Product Type, 2017 - 2031

Figure 4: Global Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Figure 5: Global Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Figure 6: Global Electric Boiler Market Incremental Opportunity (US$ Bn), By Category, 2017 - 2031

Figure 7: Global Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Figure 8: Global Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Figure 9: Global Electric Boiler Market Incremental Opportunity (US$ Bn), By Storage, 2017 - 2031

Figure 10: Global Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Figure 11: Global Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Figure 12: Global Electric Boiler Market Incremental Opportunity (US$ Bn), By End-use, 2017 - 2031

Figure 13: Global Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Figure 14: Global Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Figure 15: Global Electric Boiler Market Incremental Opportunity (US$ Bn), By Price, 2017 - 2031

Figure 16: Global Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 17: Global Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Figure 18: Global Electric Boiler Market Incremental Opportunity (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 19: Global Electric Boiler Market Value (US$ Bn), By Region, 2017 - 2031

Figure 20: Global Electric Boiler Market Volume (Thousand Units), By Region, 2017 - 2031

Figure 21: Global Electric Boiler Market Incremental Opportunity (US$ Bn), By Region, 2017 - 2031

Figure 22: North America Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Figure 23: North America Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Figure 24: North America Electric Boiler Market Incremental Opportunity (US$ Bn), By Product Type, 2017 - 2031

Figure 25: North America Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Figure 26: North America Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Figure 27: North America Electric Boiler Market Incremental Opportunity (US$ Bn), By Category, 2017 - 2031

Figure 28: North America Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Figure 29: North America Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Figure 30: North America Electric Boiler Market Incremental Opportunity (US$ Bn), By Storage, 2017 - 2031

Figure 31: North America Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Figure 32: North America Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Figure 33: North America Electric Boiler Market Incremental Opportunity (US$ Bn), By End-use, 2017 - 2031

Figure 34: North America Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Figure 35: North America Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Figure 36: North America Electric Boiler Market Incremental Opportunity (US$ Bn), By Price, 2017 - 2031

Figure 37: North America Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 38: North America Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Figure 39: North America Electric Boiler Market Incremental Opportunity (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 40: North America Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 41: North America Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Figure 42: North America Electric Boiler Market Incremental Opportunity (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 43: Europe Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Figure 44: Europe Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Figure 45: Europe Electric Boiler Market Incremental Opportunity (US$ Bn), By Product Type, 2017 - 2031

Figure 46: Europe Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Figure 47: Europe Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Figure 48: Europe Electric Boiler Market Incremental Opportunity (US$ Bn), By Category, 2017 - 2031

Figure 49: Europe Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Figure 50: Europe Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Figure 51: Europe Electric Boiler Market Incremental Opportunity (US$ Bn), By Storage, 2017 - 2031

Figure 52: Europe Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Figure 53: Europe Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Figure 54: Europe Electric Boiler Market Incremental Opportunity (US$ Bn), By End-use, 2017 - 2031

Figure 55: Europe Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Figure 56: Europe Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Figure 57: Europe Electric Boiler Market Incremental Opportunity (US$ Bn), By Price, 2017 - 2031

Figure 58: Europe Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 59: Europe Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Figure 60: Europe Electric Boiler Market Incremental Opportunity (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 61: Europe Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 62: Europe Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Figure 63: Europe Electric Boiler Market Incremental Opportunity (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 64: Asia Pacific Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Figure 65: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Figure 66: Asia Pacific Electric Boiler Market Incremental Opportunity (US$ Bn), By Product Type, 2017 - 2031

Figure 67: Asia Pacific Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Figure 68: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Figure 69: Asia Pacific Electric Boiler Market Incremental Opportunity (US$ Bn), By Category, 2017 - 2031

Figure 70: Asia Pacific Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Figure 71: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Figure 72: Asia Pacific Electric Boiler Market Incremental Opportunity (US$ Bn), By Storage, 2017 - 2031

Figure 73: Asia Pacific Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Figure 74: Asia Pacific Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Figure 75: Asia Pacific Electric Boiler Market Incremental Opportunity (US$ Bn), By End-use, 2017 - 2031

Figure 76: Asia Pacific Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Figure 77: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Figure 78: Asia Pacific Electric Boiler Market Incremental Opportunity (US$ Bn), By Price, 2017 - 2031

Figure 79: Asia Pacific Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 80: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Figure 81: Asia Pacific Electric Boiler Market Incremental Opportunity (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 82: Asia Pacific Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 83: Asia Pacific Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Figure 84: Asia Pacific Electric Boiler Market Incremental Opportunity (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 85: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Figure 86: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Figure 87: Middle East & Africa Electric Boiler Market Incremental Opportunity (US$ Bn), By Product Type, 2017 - 2031

Figure 88: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Figure 89: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Figure 90: Middle East & Africa Electric Boiler Market Incremental Opportunity (US$ Bn), By Category, 2017 - 2031

Figure 91: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Figure 92: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Figure 93: Middle East & Africa Electric Boiler Market Incremental Opportunity (US$ Bn), By Storage, 2017 - 2031

Figure 94: Middle East & Africa Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Figure 95: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Figure 96: Middle East & Africa Electric Boiler Market Incremental Opportunity (US$ Bn), By End-use, 2017 - 2031

Figure 97: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Figure 98: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Figure 99: Middle East & Africa Electric Boiler Market Incremental Opportunity (US$ Bn), By Price, 2017 - 2031

Figure 100: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 101: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Figure 102: Middle East & Africa Electric Boiler Market Incremental Opportunity (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 103: Middle East & Africa Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 104: Middle East & Africa Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Figure 105: Middle East & Africa Electric Boiler Market Incremental Opportunity (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 106: South America Electric Boiler Market Value (US$ Bn), By Product Type, 2017 - 2031

Figure 107: South America Electric Boiler Market Volume (Thousand Units), By Product Type, 2017 - 2031

Figure 108: South America Electric Boiler Market Incremental Opportunity (US$ Bn), By Product Type, 2017 - 2031

Figure 109: South America Electric Boiler Market Value (US$ Bn), By Category, 2017 - 2031

Figure 110: South America Electric Boiler Market Volume (Thousand Units), By Category, 2017 - 2031

Figure 111: South America Electric Boiler Market Incremental Opportunity (US$ Bn), By Category, 2017 - 2031

Figure 112: South America Electric Boiler Market Value (US$ Bn), By Storage, 2017 - 2031

Figure 113: South America Electric Boiler Market Volume (Thousand Units), By Storage, 2017 - 2031

Figure 114: South America Electric Boiler Market Incremental Opportunity (US$ Bn), By Storage, 2017 - 2031

Figure 115: South America Electric Boiler Market Value (US$ Bn), By End-use, 2017 - 2031

Figure 116: South America Electric Boiler Market Volume (Thousand Units), By End-use, 2017 - 2031

Figure 117: South America Electric Boiler Market Incremental Opportunity (US$ Bn), By End-use, 2017 - 2031

Figure 118: South America Electric Boiler Market Value (US$ Bn), By Price, 2017 - 2031

Figure 119: South America Electric Boiler Market Volume (Thousand Units), By Price, 2017 - 2031

Figure 120: South America Electric Boiler Market Incremental Opportunity (US$ Bn), By Price, 2017 - 2031

Figure 121: South America Electric Boiler Market Value (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 122: South America Electric Boiler Market Volume (Thousand Units), By Distribution Channel, 2017 - 2031

Figure 123: South America Electric Boiler Market Incremental Opportunity (US$ Bn), By Distribution Channel, 2017 - 2031

Figure 124: South America Electric Boiler Market Value (US$ Bn), By Country/Sub-region, 2017 - 2031

Figure 125: South America Electric Boiler Market Volume (Thousand Units), By Country/Sub-region, 2017 - 2031

Figure 126: South America Electric Boiler Market Incremental Opportunity (US$ Bn), By Country/Sub-region, 2017 - 2031

Copyright © Transparency Market Research, Inc. All Rights reserved