SpencerMayes
Building Services Consultants
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The Pace of Heating Change
Electric Dreams, Boiler Realities: The Pace of Heating Change
In the year 2024 boilers remained the main technology to provide heating on a global level. Heat pumps are now recognised as our best hope to reduce carbon emissions from homes, however for each heat pump sold last year there were three boilers sold. In 2024 the global market for residential boilers declined by approximately 2% in volume to the previous year. In the last five years there was a 4% decrease in fossil fuel boilers, a slower than anticipated decline.
According to our recently released report on world heating there are clear regional trends shaping residential boiler preferences. In North America and Europe, the shift towards electrification (heat pumps) and away from gas is evident, likely driven by increasing environmental consciousness, supportive government policies promoting renewable energy, and advancements in electric heating technologies. However, this does not translate into significantly more sales for electric boilers, as their growth remains just under 3% in Europe. Notably, the decline in gas boiler usage in both regions is often outpacing the rise in electric boilers, suggesting that they are not seen as a replacement for gas boilers but more as a backup in bi-valent, often all electric systems.
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