According to the recent 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 projected to expand significantly through 2028.

Growing awareness regarding reducing carbon emissions coupled with widespread adoption of energy-efficient heating technologies are some of the major factors driving the growth of the North America & Europe electric boilers market.

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Apart from this, strategic collaborations among the leading companies, technological breakthroughs, and rising R&D efforts are also stimulating the overall industry outlook.

The North America & Europe electric boilers market has been bifurcated into the application landscape, capacity type, voltage rating, and regional contribution.

As per voltage rating, the high voltage (>69 kV) segment is estimated to grow substantially through the forecast timeline, owing to its increasing applicability across electricity grids and large-scale industries.

Moving on to capacity type, the 50 - 100 MMBtu/hr segment is speculated to witness substantial growth during 2022-2028 due to the rising demand for hot water and space heating solutions across the commercial sector. Meanwhile, the > 250 MMBtu/hr segment is expected to reach a notable valuation of USD 62 million through 2028.

In terms of the application spectrum, North America & Europe electric boilers industry share from the institutions segment is projected to see a strong CAGR through the analysis period, primarily attributed to the rising government expenditure on renovating the existing educational establishments.

Meanwhile, the warehouse & storage segment is anticipated to progress significantly through 2028 on account of introduction of favorable policies and schemes to promote clean technologies’ adoption.

Regionally, Europe market is estimated to create a robust revenue opportunities for the market participants in the ensuing years, owing to infrastructure expansion-related activities coupled with the increasing demand for space heating technologies.

Elaborating on the competitive terrain, the major companies operating in this business landscape are Lacaze Energies, P. M. Lattner Manufacturing Co., Danstoker A/S, The Vaillant Group, ACV, Thermon Group Holdings, THERMONA spol. s.r.o., Weil-McLain, Värmebaronen AB, Kospel S. A., Fulton Companies, Sussman-Automatic Corporation, Ferroli S.p.A., Slant/Fin Corporation, Cerney S.A., Thermo 2000 Inc., Precision Boilers, LLC, Cleaver-Brooks, Inc., Lathrop Trotter LLC, Thermal Tech, Inc., R.F. MacDonald Co. Ross Boilers, Chromalox, Inc., Acme Engineering Prod. Ltd., Vapor Power International LLC, Parat Halvorsen AS, and ECOTHERM Austria GmbH.