North America Commercial Electric Boiler Market Share ,Growth and Segment Forecast to 2034
North America Commercial Electric Boiler Market Size- By Voltage Rating, By Capacity, By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: POAE25174 | Pages: 1 - 244 | Formats*: |
| Category : Power & Energy | |||
North America Commercial Electric Boiler Market Introduction and Overview
According to SPER Market Research, the North America Commercial Electric Boiler Market is estimated to reach USD 1285.37 million by 2034 with a CAGR of 16.85%.
The report includes an in-depth analysis of the North America Commercial Electric Boiler Market, including market size and trends, product mix, Applications, and supplier analysis.
The North America Commercial Electric Boiler Market was valued at USD 270.86 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 16.85% between 2025 and 2034. Stringent government regulations and emission norms, combined with a growing focus on energy-efficient heating technologies, are expected to boost the electric boiler market. In North America, the market will likely grow due to rising consumer demand and supportive environmental policies promoting reliable, efficient heating systems. Increasing urbanization and significant commercial sector investments will further enhance market prospects. Additionally, the enforcement of stricter emission standards and continued investments by public and private entities in expanding operational facilities will significantly drive the adoption and deployment of commercial electric boilers across the region.
By Voltage Rating Insights:
The low voltage commercial boiler market is poised for significant growth in the coming years. Legislative measures targeting the reduction of greenhouse gas emissions, along with the steady shift toward low-emission heating solutions, will drive product adoption. The enforcement of energy-efficient building codes and standards will further encourage the use of advanced technologies. Additionally, increased investment in the tourism industry by government authorities, along with rising demand for commercial flats and duplexes, will further strengthen market dynamics and support the expansion of energy-efficient heating systems across the commercial sector.
By Capacity Insights:
The boiler market in the >10 to 50 MMBtu/hr capacity range is expected to experience robust growth in the coming years. This growth is driven by the widespread use of these boilers in medium-scale applications for steam generation and the presence of supportive regulatory policies. Additionally, government initiatives, including tax incentives, are encouraging the adoption of energy-efficient technologies that offer high performance while consuming less fuel. These factors are collectively enhancing product adoption and creating a favorable environment for the continued expansion of this segment in the commercial heating market.
Regional Insights
The U.S. commercial boiler market is expected to witness substantial growth in the coming years. Rising demand for cost-effective and efficient systems to meet water heating and storage needs in commercial establishments is positively influencing product adoption. A growing emphasis on decarbonization, combined with the integration of advanced digital technologies, is further driving industry expansion. Additionally, government and private institutions across various states are increasingly focused on providing space heating in universities and training centers, which is expected to further boost the demand for commercial boilers across the country.
Market Competitive Landscape
The North America Commercial Electric Boiler Market is moderately fragmented. Some key players are- ACV, Bosch Industriekessel GmbH, Chromalox, Cleaver-Brooks, Inc., Danstoker A/S, Ecotherm Austria GmbH, Flexiheat UK Ltd., Lochinvar, Miura America Co., Ltd., Precision Boilers, Reimers Electra Steam, Inc., Slant/Fin Corporation, Sussman Electric Boilers, The Fulton Companies.
Recent Developments:
In June 2022, Lochinvar launched the FTX 1.0 series of fire-tube boilers, offering a maximum input capacity of 999,000 Btu/hr. These boilers are specifically designed for compact mechanical room installations. The series features SmartTouch operating controls and CON·X·US Remote Connectivity, enabling improved communication between contractors and the units.
In March 2022, Fulton Companies launched the Endura condensing hydronic boiler, featuring a vertical fire-tube design and available in 1.5 to 2 million BTU/hr models. It offers high performance, innovative design, and versatility for various applications.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | Canada, Mexico, United States |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | ACV, Bosch Industriekessel GmbH, Chromalox, Cleaver-Brooks, Inc., Danstoker A/S, Ecotherm Austria GmbH, Flexiheat UK Ltd., Lochinvar, Miura America Co., Ltd., Precision Boilers, Reimers Electra Steam, Inc., Slant/Fin Corporation, Sussman Electric Boilers, The Fulton Companies. |
Key Topics Covered in the Report
- North America Commercial Electric Boiler Market Size (FY’2021-FY’2034)
- Overview of North America Commercial Electric Boiler Market
- Segmentation of North America Commercial Electric Boiler Market By Voltage Rating (Low Voltage, Medium Voltage)
- Segmentation of North America Commercial Electric Boiler Market By Capacity (≤ 0.3 - 2.5 MMBtu/hr, > 2.5 - 10 MMBtu/hr, > 10 - 50 MMBtu/hr, > 50 - 100 MMBtu/hr, > 100 - 250 MMBtu/hr)
- Segmentation of North America Commercial Electric Boiler Market By Product (Hot Water, Steam)
- Segmentation of North America Commercial Electric Boiler Market By Application (Offices, Healthcare Facilities, Educational Institutions, Lodgings, Retail Stores, Others)
- Statistical Snap of North America Commercial Electric Boiler Market
- Expansion Analysis of North America Commercial Electric Boiler Market
- Problems and Obstacles in North America Commercial Electric Boiler Market
- Competitive Landscape in the North America Commercial Electric Boiler Market
- Details on Current Investment in North America Commercial Electric Boiler Market
- Competitive Analysis of North America Commercial Electric Boiler Market
- Prominent Players in the North America Commercial Electric Boiler Market
- SWOT Analysis of North America Commercial Electric Boiler Market
- North America Commercial Electric Boiler Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths
5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.North America Commercial Electric Boiler Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Commercial Electric Boiler Market
7.North America Commercial Electric Boiler Market, By Voltage Rating (USD Million) 2021-2034
7.1.Low Voltage7.2.Medium Voltage
8.North America Commercial Electric Boiler Market, By Capacity (USD Million) 2021-2034
8.1.≤ 0.3 - 2.5 MMBtu/hr8.2.> 2.5 - 10 MMBtu/hr8.3.> 10 - 50 MMBtu/hr8.4.> 50 - 100 MMBtu/hr8.5.> 100 - 250 MMBtu/hr
9.North America Commercial Electric Boiler Market, By Product (USD Million) 2021-2034
9.1.Hot Water9.2.Steam
10.North America Commercial Electric Boiler Market, By Application (USD Million) 2021-2034
10.1.Offices10.2.Healthcare Facilities10.3.Educational Institutions10.4.Lodgings10.5.Retail Stores10.6.Others
11.North America Commercial Electric Boiler Market, (USD Million) 2021-2034
11.1.North America Commercial Electric Boiler Market Size and Market Share
12.North America Commercial Electric Boiler Market, By Region, (USD Million) 2021-2034
12.1.Canada12.2.Mexico12.3.United States
13.Company Profile
13.1.ACV13.1.1.Company details13.1.2.Financial outlook13.1.3.Product summary13.1.4.Recent developments13.2.Bosch Industriekessel GmbH13.2.1.Company details13.2.2.Financial outlook13.2.3.Product summary13.2.4.Recent developments13.3.Chromalox13.3.1.Company details13.3.2.Financial outlook13.3.3.Product summary13.3.4.Recent developments13.4.Cleaver-Brooks, Inc.13.4.1.Company details13.4.2.Financial outlook13.4.3.Product summary13.4.4.Recent developments13.5.Danstoker A/S13.5.1.Company details13.5.2.Financial outlook13.5.3.Product summary13.5.4.Recent developments13.6.Ecotherm Austria GmbH13.6.1.Company details13.6.2.Financial outlook13.6.3.Product summary13.6.4.Recent developments13.7.Flexiheat UK Ltd.13.7.1.Company details13.7.2.Financial outlook13.7.3.Product summary13.7.4.Recent developments13.8.Lochinvar13.8.1.Company details13.8.2.Financial outlook13.8.3.Product summary13.8.4.Recent developments13.9.Miura America Co., Ltd.13.9.1.Company details13.9.2.Financial outlook13.9.3.Product summary13.9.4.Recent developments13.10.Precision Boilers13.10.1.Company details13.10.2.Financial outlook13.10.3.Product summary13.10.4.Recent developments13.11.Reimers Electra Steam, Inc.13.11.1.Company details13.11.2.Financial outlook13.11.3.Product summary13.11.4.Recent developments13.12.Slant/Fin Corporation13.12.1.Company details13.12.2.Financial outlook13.12.3.Product summary13.12.4.Recent developments13.13.Sussman Electric Boilers13.13.1.Company details13.13.2.Financial outlook13.13.3.Product summary13.13.4.Recent developments13.14.The Fulton Companies13.14.1.Company details13.14.2.Financial outlook13.14.3.Product summary13.14.4.Recent developments13.15.Others
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The North America is anticipated to have the highest Market share in the North America Commercial Electric Boiler Market .
ACV, Bosch Industriekessel GmbH, Chromalox, Cleaver-Brooks, Inc., Danstoker A/S, Ecotherm Austria GmbH, Flexiheat UK Ltd., Lochinvar, Miura America Co., Ltd., Precision Boilers, Reimers Electra Steam, Inc., Slant/Fin Corporation, Sussman Electric Boilers, The Fulton Companies.
The report includes an in-depth analysis of the North America Commercial Electric Boiler Market, including market size and trends, product mix, Applications, and supplier analysis.
North America Commercial Electric Boiler Market is projected to reach USD 1285.37 by 2034, growing at a CAGR of 16.85% during the forecast period.
North America Commercial Electric Boiler Market size from 2025. The Market is expected to reach USD 1285.37 by 2034, at a CAGR of 16.85% during the forecast period.
North America Commercial Electric Boiler Market CAGR of 16.85% during the forecast period.
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North America Commercial Electric Boiler Market size is USD 1285.37 from 2025 to 2034.
North America Commercial Electric Boiler Market covered By Voltage Rating, By Capacity, By Product, By Application
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