Residential Boiler Market Analysis

Fuel Type (Coal Fired, Oil Fired, Gas Fired)

The global residential boiler market is segmented and analyzed for demand and supply by fuel type into coal fired, oil fired, and gas fired. Out of which, the gas fired segment is anticipated to grow significantly over the forecast period. The growth of the segment can be attributed to growing government stringent rules to control pollution. For instance, by 2026, the UK government wants to outlaw the installation of conventional gas boilers in residential buildings and replace them with "hydrogen ready" heating systems. Since the housing stock is responsible for about a fifth of the UK's greenhouse gas emissions, replacing gas-fired boilers is a crucial component of the country's goal to attain net zero emissions by 2050. Natural gas is used in many gas-fired residential boilers. Energy efficiency, quiet operation, economic effectiveness, comfortable heating, and clean heating are just a few advantages of gas-fired residential boilers. These advantages are estimated to increase residential consumers' demand for gas-fired boilers, which would fuel the segment’s expansion throughout the course of the forecast period. Moreover, in larger apartments with boilers, natural gas is burned to generate electricity during power outages. Hence this factor is also estimated to boost the growth of the segment.

Type (Water Tube, Fire Tube, Electric)

The global residential boiler market is also segmented and analyzed for demand and supply by type into water tube, fire tube, and electric. Out of which, the fire tube segment is anticipated to garner the highest revenue by the end of 2037, backed by growing disposable income, along with volatile climatic condition. Smaller industrial facilities with lower operating pressures frequently employ fire tube boilers as they are a more affordable option to water tube boilers. Moreover, a fire tube boiler's key benefits include its straightforward design, small size, and straightforward ability to adapt to sudden changes in steam demand. Also, since there is less pressure in a fire-tube boiler, there is less possibility of explosion. Hence, the adoption is estimated to increase since this tubes are safer is use, and it is predicted to boost the segment’s growth in the market.

Our in-depth analysis of the global market includes the following segments: