The price of electric water heaters and central heating boilers in the United Kingdom increased in 2024. The price of central heating boilers was ***** percent more expensive in 2023 than in 2021. Meanwhile, the prices of electric water heaters increased by **** percent in 2024.

This page includes relevant boiler statistics for 2023, such as the UK boiler market, the average cost of a new boiler, as well as boiler efficiency ratings, the most common boiler problems, and the future of central heating.

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Condensing Gas Boiler Market Size 2025-2029

The condensing gas boiler market size is valued to increase by USD 5.24 billion, at a CAGR of 5.1% from 2024 to 2029. Increasing focus on energy efficiency will drive the condensing gas boiler market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 52% growth during the forecast period.
By Product Type - Wall hung gas boilers segment was valued at USD 9.57 billion in 2023
By End-user - Residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 46.17 million
Market Future Opportunities: USD 5241.40 million
CAGR from 2024 to 2029 : 5.1%

Market Summary

The market has experienced significant growth in recent years, driven by the increasing demand for energy-efficient heating solutions. These advanced boilers, which recover heat from the exhaust gases that would otherwise be lost, offer improved efficiency levels compared to traditional non-condensing models. Despite the initial high cost of manufacturing condensing gas boilers, their energy savings and environmental benefits have made them a popular choice for businesses and homeowners alike. Innovations in condensing gas boiler design continue to push the boundaries of efficiency, with some models achieving efficiencies of up to 98%. Integration of renewable energy sources and condensate management systems, along with combustion air management, are future trends.
These advancements not only reduce greenhouse gas emissions but also lower operating costs for consumers. However, challenges remain. The high upfront investment required for condensing gas boilers can be a barrier to entry for some consumers. Additionally, the need for proper installation and maintenance adds to the overall cost. As the market continues to evolve, addressing these challenges will be crucial for driving further growth. In conclusion, the market is poised for continued expansion, fueled by the demand for energy-efficient heating solutions. With advancements in design and technology, these boilers offer significant energy savings and environmental benefits, making them a smart investment for businesses and homeowners alike.

What will be the Size of the Condensing Gas Boiler Market during the forecast period?

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How is the Condensing Gas Boiler Market Segmented ?

The condensing gas boiler industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product Type

  Wall hung gas boilers
  Floor standing gas boilers


End-user

  Residential
  Commercial
  Industrial


Fuel Type

  Natural gas
  LPG
  Biogas


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Type Insights

The wall hung gas boilers segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with innovative technologies and designs shaping the landscape. Condensing gas boilers, a popular choice for homes, offer significant advantages, including thermal inertia reduction and air-fuel ratio control. These boilers integrate advanced systems like condensate drain pumps, boiler lifespan extension mechanisms, and Pressure relief valves. Remote boiler monitoring, water heating efficiency, and gas valve modulation are other key features, driven by Boiler Control algorithms and condensing boiler technology. Heating system upgrades and optimization, enabled by premix burner technology, reduce carbon emissions and enhance energy efficiency. smart home integration, boiler safety systems, system diagnostics, and boiler pressure regulation are essential safety measures.

Energy consumption monitoring and energy efficiency standards ensure long-term savings. Thermal efficiency improvements, boiler combustion optimization, smart boiler controls, and boiler maintenance schedules further optimize performance. For instance, modern condensing gas boilers can achieve up to 95% efficiency, significantly reducing energy consumption.

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The Wall hung gas boilers segment was valued at USD 9.57 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 52% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia P

United Kingdom (UK) Boiler Market is expected to grow during 2025-2031

The UK residential boiler market is anticipated to grow at nearly 7% CAGR from 2024 to 2029, driven by increasing energy efficiency awareness and government initiatives.

In 2025, the residential boiler market was valued at approximately USD 34,615.08 million. By 2035, it is projected to reach USD 58,016.17 million, reflecting a compound annual growth rate (CAGR) of 5.3%.

Metric	Value
Market Size in 2025	USD 34,615.08 Million
Projected Market Size in 2035	USD 58,016.17 Million
CAGR (2025 to 2035)	5.3%

Country-wise Outlook- Residential boiler market

Country	CAGR (2025 to 2035)
USA	5.5%

Country	CAGR (2025 to 2035)
UK	5.1

Country	CAGR (2025 to 2035)
European Union (EU)	5.2%

Country	CAGR (2025 to 2035)
Japan	5.4%

Country	CAGR (2025 to 2035)
South Korea	5.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
Bosch Thermotechnology	18-22%
Viessmann Group	14-18%
Ariston Group	11-15%
Vaillant Group	8-12%
BDR Thermea Group	6-10%
Other Companies (combined)	30-40%

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Boilers Market Size 2024-2028

The boilers market size is valued to increase by USD 16.1 billion, at a CAGR of 3.21% from 2023 to 2028. Increasing demand for energy-efficient solutions will drive the boilers market.

Market Insights

APAC dominated the market and accounted for a 38% growth during the 2024-2028.
By End-user - Chemicals segment was valued at USD 31.70 billion in 2022
By Type - Fire-tube segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 23.71 billion 
Market Future Opportunities 2023: USD 16.10 billion
CAGR from 2023 to 2028 : 3.21%

Market Summary

The market is experiencing significant growth due to the increasing demand for energy-efficient solutions and the shift toward renewable energy sources. Biomass boilers, in particular, have gained popularity as they offer sustainable and cost-effective heating solutions. This trend is driven by various factors, including government regulations promoting the use of renewable energy and rising concerns over carbon emissions. Moreover, the integration of advanced technologies, such as automation and remote monitoring, is enabling greater operational efficiency and cost savings for businesses. For instance, a manufacturing company can optimize its supply chain by using real-time data from its boiler system to predict maintenance needs and prevent downtime. Despite these opportunities, challenges persist, including the high initial investment costs and the need for reliable fuel supply. Additionally, the intermittency of renewable energy sources, such as solar and wind, necessitates the use of backup boilers to ensure consistent energy production. In conclusion, the market is witnessing a transformation driven by the demand for energy efficiency, renewable energy sources, and advanced technologies. Businesses can leverage these trends to optimize their operations, improve compliance, and reduce costs. The future of the market lies in the integration of renewable energy sources and the development of more efficient and cost-effective technologies.

What will be the size of the Boilers Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market encompasses a diverse range of industrial equipment essential for various industries' thermal processes. Boiler operation entails the conversion of fuel into heat, which is then used to generate steam for power generation or industrial processes. Boiler efficiency is a critical business concern, with thermal performance, turbine efficiency, and fuel combustion playing significant roles. Preventive maintenance, including control valves, water chemistry, flow meters, and predictive maintenance, is crucial for optimal boiler performance and energy savings. Insulation techniques, efficiency upgrades, and safety interlocks are integral to emission reduction and overall boiler design. Boiler inspection, process control, boiler cleaning, and steam pressure and temperature sensors are essential for maintaining boiler performance and ensuring safety. Moreover, advanced technologies, such as automatic control systems and heat exchangers, contribute to improved boiler efficiency and energy savings. Pressure sensors, exhaust gas analysis, and steam traps are integral components of these systems, enabling real-time monitoring and optimization of boiler performance. In the realm of boiler retrofits and design, material selection and boiler diagnostics are pivotal. Companies have reported significant savings by implementing these measures, with some achieving up to 30% reduction in fuel consumption. Boiler retrofits and design upgrades can also lead to substantial safety improvements and extended equipment lifespan.

Unpacking the Boilers Market Landscape

In the dynamic business landscape of industrial heating, boilers continue to play a pivotal role in driving operational efficiency and cost savings. Comparatively, the implementation of advanced combustion optimization techniques has led to an average 10% reduction in fuel consumption, translating to significant cost savings. Furthermore, water treatment strategies have improved boiler efficiency by up to 5%, ensuring regulatory compliance and enhancing overall plant performance. Boiler instrumentation, including superheater design and water level control, enables real-time monitoring and optimization, resulting in a 15% increase in thermal efficiency. Boiler automation and safety systems ensure uninterrupted operations, reducing downtime and associated costs. Additionally, corrosion prevention measures and emission control systems contribute to longer boiler lifespans and improved environmental sustainability. Boiler capacity optimization through heat recovery and steam generation, along with air-fuel ratio optimization, further boosts energy consumpti

The United Kingdom heating equipment market, valued at approximately £X billion in 2025 (estimated based on provided CAGR and market trends), is projected to experience steady growth, with a compound annual growth rate (CAGR) of 4.73% from 2025 to 2033. This growth is driven by several key factors. Firstly, the increasing focus on energy efficiency and decarbonization initiatives within the UK is fueling demand for energy-efficient heating systems, such as heat pumps and boilers with improved energy ratings. Government incentives and regulations promoting renewable energy sources are further accelerating this transition. Secondly, the growing residential and commercial construction sectors contribute significantly to market expansion, with new buildings requiring modern, efficient heating solutions. Finally, technological advancements in heating equipment, including smart thermostats and improved control systems, enhance user experience and operational efficiency, leading to increased adoption. The market is segmented by type (Boilers/Radiators/Other Heaters, Furnances, Heat Pumps) and end-user industry (Residential, Commercial, Industrial), with the residential segment currently holding the largest market share. However, the market also faces certain restraints. The relatively high upfront cost of installing energy-efficient heating systems, particularly heat pumps, can be a barrier for some consumers. Furthermore, the existing infrastructure in older buildings may require significant upgrades to accommodate new heating technologies. Competition among established players like Trane Inc, Daikin Industries Ltd, and Bosch, along with emerging players, is intensifying, creating a dynamic market landscape. Despite these challenges, the long-term outlook for the UK heating equipment market remains positive, driven by sustained government support for renewable energy, rising energy prices encouraging energy-efficient solutions, and ongoing technological innovations. The market is expected to see a considerable shift towards heat pumps and other renewable heating solutions in the coming years. Recent developments include: May 2022 - FortisBC Energy Inc. announced it is installing the next generation of high-efficiency home and water heating equipment in 20 residential homes as part of a FortisBC pilot program, With the potential to cut the energy needed for space and water heating by up to 50 percent and lower greenhouse gas (GHG) emissions., March 2022 - A group of researchers in the United Kingdom announced they are developing a modular, multi-vector energy system that can be installed into new homes and retrofitted into existing buildings to provide seasonal heat storage. In the proposed system configuration, a rooftop solar array would be used to power a heat pump or another electrical heating element, which produces heat to be stored by thermal devices.. Key drivers for this market are: Supportive Government Regulations Including Incentives for Saving Energy through Tax Credit Programs, Replacement Of Existing Equipment With Better Performing Ones. Potential restraints include: Supportive Government Regulations Including Incentives for Saving Energy through Tax Credit Programs, Replacement Of Existing Equipment With Better Performing Ones. Notable trends are: Supportive Government Regulations is Driving the Market Growth.

The global commercial boiler market size is predicted to grow from USD 14.24 billion in 2024 to USD 28.28 billion by 2034, reflecting a CAGR of over 7.1% from 2025 through 2034. Prominent industry players include Viessmann Manufacturing Company, Bosch Thermotechnology Corp., Fulton Boiler Works,, Cleaver-Brooks,, Hurst Boiler & Welding Co.,, Miura America, Vapor Power International, LLC, and other prominent players..

Analysis of the UK super-heated water boiler market, including consumption, production, imports, exports, and a forecast to 2035 with a 5.4% CAGR growth in market value.

Find out about the increasing demand for super-heated water boilers in the UK and how the market is expected to grow over the next decade.

For the fourth year in a row, the UK vapour generating boiler market recorded growth in sales value, which increased by 7.9% to $53M in 2024. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $64M in 2015; however, from 2016 to 2024, consumption failed to regain momentum.

The electric boiler market was valued at USD 9.4 billion in 2025 and is projected to reach USD 19.8 billion by 2034, expanding at a CAGR of 8.6% from 2026 to 2034.
Report Scope:

Report Metric	Details
Market Size in 2025	USD 9.4 billion
Market Size in 2026	USD 10.21 billion
Market Size in 2034	USD 19.8 billion
CAGR	8.6% (2026-2034)
Base Year for Estimation	2025
Historical Data	2022-2024
Forecast Period	2026-2034
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Type,By Capacity,By End-use,By Application,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

The global electric boiler market size reached a value of around USD 9.64 Billion in 2024. The market is further expected to grow at a CAGR of 9.40% between 2025 and 2034, reaching a value of around USD 23.67 Billion by 2034.

Learn about the growing market for super-heated water boilers in the UK and how it is projected to continue to rise over the next decade. By 2035, market volume is expected to reach 9.1K tons and market value to reach $203M in nominal prices.

The Europe Boiler System Market Report is Segmented by Boiler Type (Fire-Tube Boilers, Water-Tube Boilers, Electric Boilers, and Condensing Boilers), Fuel Type (Natural Gas, Oil, Biomass, Electric, and Hydrogen Blend), Capacity (Less Than 10 MW, 10-50 MW, 51-100 MW, and Above 100 MW), End-User (Residential, Commercial, and Industrial), and Geography (UK, Germany, and More). The Market Forecasts are Provided in Terms of Value (USD).

United Kingdom (UK) Boiler Economizer Market is expected to grow during 2025-2031

The UK vapour generating boiler market is forecast to grow at a CAGR of +3.1% in volume and +3.2% in value from 2024 to 2035, driven by rising demand. This analysis covers consumption, production, import, and export trends, including key trading partners and price dynamics.

The UK super-heated water boiler market skyrocketed to $114M in 2024, picking up by 45% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2024: its value increased at an average annual rate of +6.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +52.2% against 2018 indices.

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Industrial Boiler Market Size 2025-2029

The industrial boiler market size is forecast to increase by USD 3.2 billion at a CAGR of 3.6% between 2024 and 2029.

The market is witnessing significant growth, driven by the increasing popularity of hybrid boilers that offer energy efficiency and reduced emissions. This shift towards more sustainable energy solutions is further bolstered by the global trend towards renewable energy sources, such as solar and wind, which is leading to an increase in the adoption of electric boilers. However, regulatory hurdles impact adoption, with stringent emissions regulations necessitating costly upgrades and compliance measures. Additionally, supply chain inconsistencies, including raw material availability and price volatility, temper growth potential.
Additionally, there is a global shift toward solar and wind energy, which is leading to an increased demand for boilers that can effectively integrate with these renewable energy sources. Companies seeking to capitalize on market opportunities must navigate these challenges effectively by investing in research and development for advanced technologies and fostering strong supplier relationships. By doing so, they can differentiate themselves in the market and meet the evolving energy demands of industries.

What will be the Size of the Industrial Boiler Market during the forecast period?

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The market in the US is experiencing significant activity and trends, driven by the need for improved boiler performance, safety, and emissions reduction. Boiler replacement and installation continue to be key focus areas, with a growing emphasis on boiler codes, standards, and certification to ensure safety and compliance with regulations. Boiler combustion optimization and automation systems are increasingly adopted to enhance efficiency and reduce emissions, particularly in power generation applications. Renewable energy sources, such as biomass, are gaining traction in the market, leading to an increased demand for biomass boilers and boiler water treatment solutions. Boiler inspections, maintenance programs, and monitoring are essential for ensuring optimal boiler operation and longevity.
Fuels used in industrial boilers include oil, coal, and natural gas. The boiler industry focuses on advancements that improve efficiency, reliability, and sustainability across its entire boiler life cycle, from boiler installation and boiler commissioning to boiler repair and boiler life extension. Innovative practices such as boiler optimization, supported by modern boiler control systems and boiler automation systems, ensure seamless operations and enhanced functionality. Continuous boiler monitoring enables real-time tracking, while tools like boiler data analytics, boiler modeling, and boiler simulation allow detailed boiler performance analysis to identify areas for improvement. Efforts toward boiler emissions reduction and boiler efficiency improvement are key in meeting environmental standards. Adherence to boiler standards and boiler regulations compliance ensures safety and legal conformity. Boiler certification and boiler training programs empower operators with necessary skills, while boiler maintenance programs guarantee longevity. Industry-wide boiler innovation continues to push boundaries to optimize operations for diverse applications, ensuring long-term sustainability and efficiency.

How is this Industrial Boiler Industry segmented?

The industrial boiler industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Gas fired boiler
  Coal fired boiler
  Oil fired boiler
  Others


End-user

  Chemicals and petrochemicals
  Food processing
  Paper and pulp
  Power generation
  Others


Type

  Fire-tube boilers
  Water-tube boilers


Power Rating

  10-150 BHP
  51-300 BHP
  301-600 BHP


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Source Insights

The gas fired boiler segment is estimated to witness significant growth during the forecast period.

Industrial boilers play a crucial role in various commercial applications, including process heating, power generation, and water heating in industries such as textile mills, food processing, and data centers. Natural gas, an affordable and effective fuel, is widely used in industrial boilers due to its efficiency and lower operating costs compared to other non-renewable resources. According to the US Energy Information Administration (EIA), natural gas-fired combined-cycle plants had the highest capacity utilization percentage among fossil fuels in 2024. This trend