Canada Residential Boiler Market Research Report, 2029

The way the residential boiler market in Canada looked throughout the years, similar to the line of technological development, has been affected by regulatory changes and consumer behavior. Traditionally, the leading products in the market were those based on oil firing and gas firing, thus attesting to the country's dependence on fossil fuel. However, in the late 20th century, with amplified awareness of environmental issues and energy costs, the shift toward more energy-efficient and environmentally friendly solutions began in earnest. Canada Energy Regulator (CER) and Natural Resources Canada (NRCan) have set varying standards to help improve the energy efficiency and reducing emissions. One of the most vital steps for ensuring energy efficiency was the introduction of the EnerGuide program in the 1990s, which provides for rating the energy performance of residential appliances, including boilers. The Canadian government has set a building code and energy efficiency regulations that raise the demand for advanced boiler technologies, focusing on minimum efficiency standards in new and existing residential buildings. The regulations have been directed in the last years toward the reduction of greenhouse gas emissions by the promotion of renewable energies. The 2016 Pan-Canadian Framework on Clean Growth and Climate Change, complemented by further measures, enabled additional high-efficiency condensing boiler installations and alternative heating products, such as electric and biomass boilers, to penetrate the marketplace. The federal government has provided incentives for the upgrade of systems by home owners through rebate programs. In the residential boiler market, some key players in Canada include Viessmann, Bosch, Navien, and Burnham. All of them have a large portfolio of high-efficiency products and innovation. Among them, Viessmann is highly regarded for its advanced condensing boiler technology, Bosch has a wide range of energy-efficient solutions, Navien offers high-efficiency condensing and combination boilers, and Burnham has a wide range of innovative and traditional heating solutions. According to the research report "Canada Residential Boiler Market Research Report, 2029," published by Actual Market Research, the Canada residential boiler market is anticipated to grow at more than 7% CAGR from 2024 to 2029. The demand for residential boilers is highest during the colder months, typically from October to March, when heating needs peak. As Canadians seek reliable heating solutions to combat harsh winter conditions, the shift towards modern, eco-friendly boiler systems becomes crucial. Moreover, the push for electrification of heating systems, in line with Canada’s climate goals, is propelling the adoption of electric and hybrid boilers, which are more sustainable than traditional fossil fuel-based systems. The residential boiler market in Canada is experiencing significant growth, primarily driven by increasing awareness of climate change and the need for energy-efficient heating solutions. As the effects of climate change become more pronounced, Canadian homeowners are increasingly motivated to adopt sustainable technologies, including high-efficiency boilers that reduce greenhouse gas emissions. Industries play a pivotal role in supporting the residential boiler market's growth. Manufacturers are innovating to develop advanced boiler technologies that are both efficient and environmentally friendly. Collaborations between government and industry facilitate research and development of new products that comply with stringent emissions regulations. The construction and home improvement sectors are increasingly focused on integrating energy-efficient systems into new builds and retrofits. This synergy between government policy, industry innovation, and consumer demand positions the residential boiler market in Canada for sustained growth as the nation strives to meet its climate targets and enhance energy security.

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The fire hose segment currently leads the Canadian residential boiler market. Fire chimneys are preferred for their durability, efficiency and withstanding harsh Canadian winters. They are known for their reliability and longevity, making them very popular with homeowners. Additionally, Fire Tube boilers can operate with a variety of fuels including natural gas, propane and oil, making it flexible in regions where certain fuels may be abundant or cost-effective Segment leaders also bolstered by distribution networks a established and strong support after sales services builds. The power segment is growing rapidly for several reasons. There is an increasing demand for clean and environmentally friendly heating solutions, and electric boilers are suitable for this scenario while releasing no harmful emissions into the environment Furthermore, Canadian government policies to promote energy efficiency and reduce carbon emissions have encouraged off-the-shelf electric boilers. The efficiency and effectiveness of steam engines has improved, increasing user satisfaction. As electricity from renewable sources becomes more available, interest in hydroelectric power plants is expected to increase further. The water hose segment, although not as robust as fire hose, still occupies a dominant position in the market. Pipelines are known for their rapid response to load changes and high water temperatures, making them suitable for typical residential applications they are also compact and can be installed in small areas, which is an advantage in urban areas where space is large. However, their market share is somewhat limited by higher initial costs and maintenance requirements compared to other types. The condensing segment leads the Canadian residential boiler market for several compelling reasons. Condensing boilers are very efficient, typically achieving efficiencies of 90% or more, which means they can significantly reduce homeowners’ energy use and utility bills This process is efficient by removing heat from exhaust gases which would be lost on non-condensing machines. Moreover, boilers produce fewer greenhouse gases and meet Canadian environmental goals and regulations. The government push for energy-efficient products, coupled with rebate schemes, has further increased the demand for boilers. Their popularity is also due to their compatibility with modern heating systems and their ability to provide a consistent and comfortable temperature for it. Despite the advantages of condensing boilers, the non-condensing segment is growing. One of the main reasons for this growth is that non-condensing boilers have lower upfront costs, making them an attractive option for budget-conscious customers they are simpler in design and it can be easy to install and maintain, which can be satisfactory for homeowners and contractors. Also, where natural gas is relatively inexpensive, a non-hot water heater a viable option, offsetting the advantages of a chilled water heater. Some homeowners as well prefer stainless steam bottles for their proven reliability and durability, as they have often been the choice for many years. The Gas Fired segment leads the residential boiler market in Canada for several key reasons. Natural gas is abundant and relatively inexpensive in many parts of Canada, making gas-fired boilers affordable for homeowners. This boiler makes it more efficient and more environmentally friendly compared to other fuel types, as natural gas produces fewer emissions. Additionally, gas-powered boilers are known for their reliability, ease of use and low maintenance requirements. An extensive natural gas distribution network also contributes to the segment’s lead, as it provides ready availability of gas in many urban and rural areas. Despite the dominance of gas-fired boilers, the oil-fired segment is growing. This growth is driven by the availability and reliability of oil as a heating fuel, especially in remote or rural areas where natural gas is limited Oil-fired boilers are known that it is very warm, making it suitable for colder climates. In addition, advances in oil-fired technologies have improved efficiency and reduced carbon emissions, creating more attractive options changes in oil prices can also lead to liquid oil production an oil production has become more cost-effective as oil prices are lower . Biomass boilers using wood chips, chips and other organic materials are gaining traction because they are renewable and carbon-neutral and are particularly popular in areas where forest resources are abundant. Coal-fired power plants, although rare for environmental reasons, are still used in some areas where coal is readily and cheaply available. Electric boilers are also part of this segment, appealing to consumers seeking cleaner and more efficient heating solutions, especially as electricity from renewable sources becomes more prevalent.

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Kripa Shah

Senior Analyst

Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Residential Boiler market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Type • Fire Tube • Electric • Water Tube By Technology • Condensing • Non Condensing By Fuel Type • Gas Fired • Oil Fired • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Residential Boiler industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry. Keywords: Residential Boiler, Fire Tube, Electric, Water Tube, Condensing, Non Condensing, Gas Fired, Oil Fired