Electric Boiler Market Size

Global Electric Boiler Market size was valued at USD 10.7 billion in 2023 and is poised to grow from USD 11.97 billion in 2024 to USD 29.43 billion by 2032, growing at a CAGR of 11.9% during the forecast period (2025-2032).

The global electric boiler market is witnessing substantial growth, propelled by the rising demand for energy-efficient and environmentally friendly heating systems. As governments across the world tighten regulations on carbon emissions and promote clean energy adoption, electric boilers are emerging as a viable alternative to traditional gas and oil-fired systems. Europe, for instance, is at the forefront of this transition, with countries like Germany and the UK actively phasing out fossil fuel-based heating in favor of electric solutions. Germany’s federal incentives for energy-efficient home upgrades have significantly increased the deployment of electric boilers in residential settings.

Technological advancements are also playing a pivotal role in shaping the market landscape. Manufacturers are incorporating features like smart thermostats, digital interfaces, and remote monitoring capabilities to enhance user control and energy savings. In France, several residential complexes have adopted smart electric boilers equipped with AI-driven energy optimization tools, allowing users to adjust heating based on real-time usage patterns and outdoor weather conditions.

Moreover, the increasing electrification of industrial heating is contributing to market expansion. In countries like China and South Korea, industrial sectors are installing high-capacity electric boilers to replace coal-fired units, aiming to meet national carbon neutrality targets. These boilers are often integrated with renewable power sources like solar and wind energy, making them a key component in achieving sustainable industrial operations.

How Is AI Enhancing Efficiency and Predictive Maintenance in Electric Boilers?

In 2024, artificial intelligence (AI) profoundly influenced various market sectors, driving innovation, enhancing efficiency, and reshaping competitive landscapes. A notable example is the advertising industry, where companies like WPP have strategically acquired AI-focused firms such as InfoSum. This acquisition aims to bolster WPP's AI capabilities, enabling more effective data utilization and personalized marketing strategies for clients.

In the realm of international business, AI advancements have intensified global competition. China's AI firm DeepSeek has emerged as a formidable contender, developing models that rival those of leading U.S. companies. This development has raised concerns about the U.S.'s position in the AI sector and underscores the rapid technological progress in other regions.

Furthermore, AI has played a pivotal role in marketing, particularly in enhancing customer experiences through hyper-personalization. By analyzing vast amounts of customer data, AI enables businesses to tailor their offerings to individual preferences, thereby improving engagement and satisfaction. For instance, companies are leveraging AI-driven recommendation engines to suggest products and content that align with users' past behaviors and interests.

How Are Startups Driving the Shift Toward Decarbonized Home Heating?

Startups are playing a pivotal role in transforming the traditional heating landscape by developing low-emission, energy-efficient electric boiler systems designed to support the global transition toward decarbonization. With buildings accounting for a significant share of global CO₂ emissions, particularly from space and water heating, startups are stepping in with disruptive technologies that provide clean alternatives to fossil fuel-based systems.

• Tepeo: Tepeo, a UK-based clean tech startup founded in 2018, is reshaping how we think about electric home heating. Their flagship product, the Zero Emission Boiler (ZEB), is designed as a low-carbon replacement for traditional gas and oil boilers. Tepeo uses machine learning algorithms to forecast usage patterns and optimize energy consumption in real time, ensuring efficiency without compromising comfort. This innovation not only helps homeowners save on energy bills but also supports decarbonization goals by aligning heat usage with renewable energy availability on the grid. Tepeo has received significant interest from both homeowners and government decarbonization initiatives in the UK, positioning itself as a key player in the electric heating revolution.

• Warmup PLC: Founded in 2017, Warmup PLC is a UK-based company that initially built its reputation in electric underfloor heating systems but has since expanded its portfolio to include smart electric boilers and heating controls. Their strategy centers on data-driven heating solutions, using AI-powered thermostats and IoT-enabled controls to optimize home heating. Warmup’s systems gather data on temperature preferences, home insulation levels, occupancy patterns, and even weather forecasts to make automated, intelligent heating decisions. Their cloud-based platform allows users to monitor and control heating remotely while also receiving energy efficiency tips. The company’s emphasis on energy savings, carbon reduction, and personalized comfort makes it a top contender in the AI-enhanced electric boiler market.