Global Residential Boiler Market size was valued at USD 32,829 Million in 2025 and is expected to reach USD 56,501.3 Million by 2034 at a CAGR of 5.58% from 2025 – 2034.

Residential Boiler Market: Overview

The Residential Boiler Market is a type of hydroponic heating device that converts chemical energy into thermal energy. It is used to heat the water present in the tanks. The residential boiler contains components like coils, radiators, or baseboards and heats water through the convention.

The boilers are widely used in residential sectors across homes, public buildings, farmhouses, and other residential places. Despite the water heating, the system also helps to maintain the constant temperature. The boiler system provides many advantage,s such as optimal energy efficiency, less maintenance, high reliability, less pollution, long shelf life, less floor area, etc.

There is a rapid demand for heating systems to keep homes warm and safe across the globe, especially in cold regions. This increasing demand serves as the driving factor for market growth. The wide usage of boiler heating systems in residential sectors has led to the market’s growth.

In addition to that, the Asia-Pacific and LAMEA countries focus on infrastructural construction, which is anticipated to increase the demand for residential boiler systems in the forecasting period. Thus, the aforementioned factors are mainly driving the market growth of the residential boiler market during the forecast period.

However, lack of awareness about residential boilers in developing countries, the high cost of residential boilers, stringent regulations pertaining to the usage of residential boilers, and increasing competition from alternative products are some of the factors restraining the market growth.

Technological advancements such as smart sensors and the integration of emerging technologies in residential boilers are expected to create lucrative opportunities for the market during the forecast period. Moreover, the government took the initiative to support hydrogen fuels as per the environmental concern related to carbon emissions. With the increase in awareness, the demand for hydrogen-based residential boilers will boost the market growth in the forecasting period.

The global residential boiler market is segmented by type, technology, fuel type, and by region. By technology, the condensing boiler, due to its high heating and maintenance efficiency, will likely gain traction in the market during the forecast period.

There is a rapid demand for high-efficiency boilers across residential homes, providing ample opportunity for the market to grow during the forecast period. The boiler process works as the heating of the fuel, which produces water vapor through condensation.

The boiler uses heat, which is produced by condensation. Modern boiler systems with advanced techniques are compatible with smart homes, providing vast market growth opportunities across developed regions.

Based on Region, the Residential Boiler market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America.  Among all these, the Asia-Pacific held the largest market share in 2024 and is expected to grow significantly during the forecast period owing to the region’s rapidly expanding residential construction industry. Key countries such as China, India, Japan, ASEAN, and South Korea are mainly driving the growth of this region’s market.

Report Scope

Feature of the ReportDetails
Market Size in 2025USD 32,829 Million
Projected Market Size in 2034USD 56,501.3 Million
Market Size in 2024USD 31,230 Million
CAGR Growth Rate5.58% CAGR
Base Year2024
Forecast Period2025-2034
Key SegmentBy Type, Fuel Type, Technology and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your research requirements.

CMI has comprehensively analyzed the Global Residential Boiler market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth market scenario. Segment-wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Residential Boiler industry.

The competitive landscape includes key innovators, aftermarket service providers, market giants, and niche players, all of whom are studied and analyzed extensively for their strengths, weaknesses, and value-addition prospects. In addition, the report covers key players’ profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.

Global Residential Boiler Market 2025–2034 (By Million)

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List of the prominent players in the Residential Boiler Market:

  • Ariston Group
  • BDR Thermea Group
  • Groupe Atlantic
  • Viessmann
  • Vaillant Group
  • Robert Bosch
  • Ideal Heating
  • PB Heat
  • Unical Ag Spa
  • Daikin Industries
  • AO Smith Corp
  • Bradford White Corporation
  • Ferroli S.p.A.
  • Smith Boilers
  • Thermona
  • S. Boiler Company
  • Viessmann
  • Weil-McLain
  • Wolf
  • Others

The Residential Boiler Market is segmented as follows:

By Type

  • Water Tube Boiler
  • Fire Tube Boiler
  • Electric Boiler

By Fuel Type

  • Coal Fired
  • Oil Fired
  • Gas Fired
  • Others

By Technology

  • Condensing
  • Non-condensing

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America