Residential Boiler Market Projected at USD 58,0

According to a Future Market Insights (FMI) report, the residential boiler market was estimated to be worth USD 34,615.08 million in 2025. It is anticipated to increase at a compound annual growth rate (CAGR) of 5.3% to reach USD 58,016.17 million by 2035. The market is expected to rise as a result of growing investments in next-generation boiler technologies, growing consumer preference for high-efficiency home heating, and growing use of eco-friendly boiler systems.

The demand for residential boiler is increasing owing to the growth in residential construction activities in developing regions. The demand for energy-efficient heating solutions is high due to the growing emphasis on energy efficiency and sustainability, this is expected to drive the demand for Residential Boiler that offer higher efficiency ratings.

The increasing government regulations and Incentives for reducing greenhouse gas emissions and promoting energy efficiency are driving the adoption of Residential Boiler with higher efficiency ratings. The increasing government incentives, tax credits, or subsidies available to homeowners who install energy-efficient boilers, further stimulate the market.

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North America is expected to witness steady growth in the residential boiler market owing to factors like cold climates, a significant number of residential buildings, and the replacement of older boiler systems that have contributed to the demand for Residential boilers. The residential boiler industry in Asia Pacific is witnessing significant growth due to rapid urbanization, population growth, and increasing disposable income in emerging economies.

Key Takeaways from the Market Study:

From 2018 to 2022, the residential boiler market demand expanded at a CAGR of 4.5%.
Based on capacity, the below 24 kW segment accounts for a CAGR of 5.3%.

By application, the apartment segment is expected to expand at a CAGR of 5.4% during the forecast period.
North America to emerge as a promising residential boiler industry, capturing a CAGR of 5.4%.
The residential boiler industry in the United Kingdom is predicted to reach USD 3.3 Billion by 2033.
Asia Pacific is an opportunistic residential boiler market, expected to capture a CAGR of 5.2% during the forecast period.
South Korea’s residential boiler industry is predicted to achieve a market revenue of USD 2.7 Billion by 2033.

Competitive Landscape:

The global residential boiler market is fragmented with the presence of several large and medium-scale players. The leading players in the residential boiler industry are investing in strategic agreements in order to capture market share.

Prominent players in the Residential Boiler Industry are: