Top Electric Boiler Companies

Global Electric Boiler Market size was valued at USD 11.97 Billion in 2024 and is poised to grow from USD 13.4 Billion in 2025 to USD 32.94 Billion by 2033, growing at a CAGR of 11.9% during the forecast period (2026–2033).

The electric boiler market is characterized by a mix of well-established players and emerging innovators, all striving to meet the rising demand for clean, efficient heating solutions. Key players such as Bosch Thermotechnology, Vaillant Group, Thermosense, and ACV Group dominate the space with a broad range of electric boiler offerings designed for residential, commercial, and industrial applications. These companies are leveraging technological advancements, strategic partnerships, and product diversification to maintain market leadership. In 2024, Bosch expanded its smart home ecosystem by integrating its electric boiler units with building energy management systems, enabling real-time performance monitoring and remote control. This move aligns with the growing demand for connected and automated heating solutions, particularly in Europe. 'Bosch Thermotechnology (Germany) ', 'NIBE Energy Systems Limited (Sweden/UK) ', 'Viessmann (Germany) ', 'Thermon (USA) ', 'Reimers Electra Steam, Inc. (USA) ', 'Precision Boilers, LLC (USA) ', 'P.M. Lattner Manufacturing Co. (USA) ', 'Thermo 2000 Inc. (Canada) ', 'ACV (Belgium) ', 'Sussman Electric Boilers (USA) ', 'BDR Thermea Group (Netherlands) ', 'Elnur UK Ltd (UK) ', 'Fulton (USA) ', 'Parat Halvorsen AS (Norway) ', 'Chromalox (USA) ', 'Flexiheat UK (UK) ', 'Unilux Advanced Manufacturing, LLC (USA) ', 'Vulcan Electric Company (USA) ', 'Laars Heating Systems (USA) ', 'Hurst Boiler & Welding Company, Inc. (USA)'

The transition to cleaner energy sources has led many countries to phase out fossil fuel-based heating systems in favor of electric solutions. Electric boilers, which produce zero on-site emissions, are becoming a key component of decarbonization strategies across residential, commercial, and institutional settings. With increasing regulatory pressure and incentives in regions like Europe and North America, homeowners and building developers are increasingly choosing electric boilers as part of sustainable retrofitting and new construction projects. This driver is crucial to meeting climate goals such as the EU’s 2030 emission targets or the UK’s net-zero plan by 2050.

Smart Boilers Reshaping Home Energy Systems: The digitalization of home energy systems is leading to the rise of smart electric boilers equipped with IoT sensors, remote monitoring, programmable thermostats, and mobile app control. These intelligent systems can adapt to user preferences, learn behavior patterns, and optimize heating schedules to improve energy efficiency and comfort. Startups like ThermaFY and Tado° are developing platforms that integrate boiler performance with other smart home devices, enabling holistic energy management and predictive maintenance—essential features in today’s connected living environments.

North America is witnessing a robust transition to electric boilers as part of its broader energy-efficiency and decarbonization goals. The region benefits from advanced infrastructure, rising environmental awareness, and government-driven electrification mandates. Incentive programs, such as rebates for energy-efficient appliances and green building certifications, are encouraging both residential and commercial sectors to adopt electric heating systems.