According to market research from IMARC Group, the global residential boiler market Reached $7.73 billion in 2021, and it is anticipated to reach $10.52 billion by 2027, at a CAGR of 5.10% over 2022-2027.
Additionally, Global Market Insights reports that the commercial boiler market size was estimated at over USD 8.5 billion in 2020 and is set to register more than 4% CAGR between 2021 and 2028.