According to the research report titled ‘North America & Europe Electric Boilers Market Size, By Voltage Rating (Low Voltage (< 1 kV), Medium Voltage (1 kV to 69 kV), High Voltage (> 69 kV)), By Capacity (< 10 MMBtu/hr, 10 - 50 MMBtu/hr, 50 - 100 MMBtu/hr, 100 - 250 MMBtu/hr, > 250 MMBtu/hr), By Application (Residential, Healthcare, Offices, Institutions, Warehouse & Storage, Food & Beverage, Chemical), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028’, available with MarketStudyReport, North America & Europe electric boilers market is anticipated to garner lucrative returns by the year 2028.

Report findings suggest that flourishing industrial and commercial sectors is the major growth determinant for North America & Europe electric boilers market.

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Furthermore, implementation of stringent regulations aimed at reducing carbon emissions as well as widespread use of energy-efficient heating technologies are expected to fuel the industry outlook during the forecast years.

Based on voltage rating, the high voltage (>69 kV) segment is poised to grow at a rapid rate over the analysis period, owing to electricity grid control, increasing applicability across large-scale industries, and peak demand management.

In terms of capacity, the 50 - 100 MMBtu/hr segment is likely to grow significantly over the forecast timeframe, owing to the increasing demand for space heating and hot water in the commercial sector. Whereas the > 250 MMBtu/hr sub-segment is anticipated to reach a valuation of USD 62 million by the end of 2028.

On the basis of application gamut of North America & Europe electric boilers market, the institution segment is poised to record a substantial CAGR through 2028, due to surging government expenditure towards the renovation of existing educational facilities. Meanwhile, the warehouse & storage segment is reckoned to register a strong growth curve over 2022-2028, because of introduction of favourable schemes and discounts to encourage the adoption of clean technologies.

Regionally, Europe industry is projected to grow at a considerable pace during the analysis timeframe. The expansion is attributed to ongoing infrastructure expansion, in consort with rising demand for space heating in the region.

Thermo 2000 Inc., Vapor Power International LLC, Cleaver-Brooks Inc., Parat Halvorsen AS, Lathrop Trotter, Ross Boilers, Thermal Tech Inc., Hi-Therm Boilers Pvt. Ltd., R.F. MacDonald Co., ECOTHERM Austria GmbH, Lacaze Energies, Värmebaronen AB, Kospel company, P. M. Lattner Manufacturing Co., Fulton Companies, Danstoker A/S, Sussman Automatic Corporation, Vaillant Group, Ferroli S.p.A, ACV – Excellence in hot water, Slant/Fin Corporation, Thermon Inc., Cerney S.A., Thermona spol. s r.o., and WM Technologies LLC are the leading players in North America & Europe electric boilers market.