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Electric Water Boiler Trends and Forecast
The future of the global electric water boiler market looks promising with opportunities in the residential and commercial markets. The global electric water boiler market is expected to reach an estimated $19.5 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are rising demand for energy efficient solutions, growing adoption of solar water heaters, and increasing government regulations across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric Water Boiler by Segment
The study includes a forecast for the global electric water boiler by product type, category, application, and region.
Electric Water Boiler Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Hot Water Boilers
• Steam Water Boilers
Electric Water Boiler Market by Category [Shipment Analysis by Value from 2018 to 2030]:
• Traditional Electric Boilers
• Smart Electric Boilers
Electric Water Boiler Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
Electric Water Boiler Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric Water Boiler Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric water boiler companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric water boiler companies profiled in this report include-
• A.O. Smith
• Bradford White
• General Electric
• Rheem
• Haier
• Noritz
• Bosch
Electric Water Boiler Market Insights
Lucintel forecasts that hot water boiler will remain the larger segmnet as it is easy to regulate and more effective.
Within this market, residential will remain the larger segment due to increasing adoption of efficient and reliable heating units.
APAC is expected to witness highest growth over the forecast period due to significantly growing urbanization and industrialization and rising investments in smart and efficient technology.
Features of the Global Electric Water Boiler Market
Market Size Estimates: Electric water boiler market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric water boiler market size by product type, category, application, and region in terms of value ($B).
Regional Analysis: Electric water boiler market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, category, applications, and regions for the electric water boiler market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric water boiler market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the electric water boiler market size?
Answer: The global electric water boiler market is expected to reach an estimated $19.5 billion by 2030.
Q.2 What is the growth forecast for electric water boiler market?
Answer: The global electric water boiler market is expected to grow with a CAGR of 11.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the electric water boiler market?
Answer: The major drivers for this market are rising demand for energy efficient solutions, growing adoption of solar water heaters, and increasing government regulations across the globe.
Q4. What are the major segments for electric water boiler market?
Answer: The future of the electric water boiler market looks promising with opportunities in the residential and commercial markets.
Q5. Who are the key electric water boiler market companies?
Answer: Some of the key electric water boiler companies are as follows:
• A.O. Smith
• Bradford White
• General Electric
• Rheem
• Haier
• Noritz
• Bosch
Q6. Which electric water boiler market segment will be the largest in future?
Answer: Lucintel forecasts that hot water boiler will remain the larger segmnet as it is easy to regulate and more effective.
Q7. In electric water boiler market, which region is expected to be the larger in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to significantly growing urbanization and industrialization and rising investments in smart and efficient technology.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric water boiler market by product type (hot water boilers and steam water boilers), category (traditional electric boilers and smart electric boilers), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric Water Boiler Market, Electric Water Boiler Market Size, Electric Water Boiler Market Growth, Electric Water Boiler Market Analysis, Electric Water Boiler Market Report, Electric Water Boiler Market Share, Electric Water Boiler Market Trends, Electric Water Boiler Market Forecast, Electric Water Boiler Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electric Water Boiler Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electric Water Boiler Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electric Water Boiler Market by Product Type
3.3.1: Hot Water Boilers
3.3.2: Steam Water Boilers
3.4: Global Electric Water Boiler Market by Category
3.4.1: Traditional Electric Boilers
3.4.2: Smart Electric Boilers
3.5: Global Electric Water Boiler Market by Application
3.5.1: Residential
3.5.2: Commercial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electric Water Boiler Market by Region
4.2: North American Electric Water Boiler Market
4.2.2: North American Electric Water Boiler Market by Application: Residential and Commercial
4.3: European Electric Water Boiler Market
4.3.1: European Electric Water Boiler Market by Product Type: Hot Water Boilers and Steam Water Boilers
4.3.2: European Electric Water Boiler Market by Application: Residential and Commercial
4.4: APAC Electric Water Boiler Market
4.4.1: APAC Electric Water Boiler Market by Product Type: Hot Water Boilers and Steam Water Boilers
4.4.2: APAC Electric Water Boiler Market by Application: Residential and Commercial
4.5: ROW Electric Water Boiler Market
4.5.1: ROW Electric Water Boiler Market by Product Type: Hot Water Boilers and Steam Water Boilers
4.5.2: ROW Electric Water Boiler Market by Application: Residential and Commercial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric Water Boiler Market by Product Type
6.1.2: Growth Opportunities for the Global Electric Water Boiler Market by Category
6.1.3: Growth Opportunities for the Global Electric Water Boiler Market by Application
6.1.4: Growth Opportunities for the Global Electric Water Boiler Market by Region
6.2: Emerging Trends in the Global Electric Water Boiler Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electric Water Boiler Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Water Boiler Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: A.O. Smith
7.2: Bradford White
7.3: GENERAL ELECTRIC
7.4: Rheem
7.5: Haier
7.6: Noritz
7.7: Bosch
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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