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Residential Boiler Market Size and Trends 2029 | TechSci Research
Global Residential Boiler Market was valued at USD 10.08 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.19% through 2029.
The residential boiler market refers to the sector within the broader heating industry that focuses on the production, sale, and installation of boilers designed for residential buildings. A residential boiler is a central heating system component responsible for heating water, which is then distributed throughout the home to provide warmth. These boilers can operate on various fuels, including natural gas, oil, electricity, and, increasingly, renewable energy sources like solar, biomass, or geothermal. The market encompasses a range of boiler types, from traditional cast-iron units to modern, high-efficiency condensing boilers.
Key Market Players
Bosch Thermotechnik GmbH
Viessmann Group
Baxi Group
Ariston Thermo Group
Vaillant Group
Daikin Industries Ltd
Honeywell International Inc.
Lennox International Inc.
Carrier Global Corporation
Burnham Holdings Inc.
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