Boiler insurance is a form of insurance policy that covers maintenance and replacement of a home boiler. It also provides coverages for components of heating system, including plumbing and electrical equipment. There is also a limit to how much an insurer may pay for maintenance related costs for damages. Moreover, the demand for boiler insurance is relatively high in winters, owing to higher use of boiler and related equipment.
This report contains market size and forecasts of Boiler Insurance in Global, including the following market information:
Global Boiler Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Boiler Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Boiler Repairs Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Boiler Insurance include British Gas, CORGI Insurance Services, Domestic & General Insurance PLC, HomeServe PLC, Worcester Bosch, INTERGAS and Uswitch Limited, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Boiler Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Boiler Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Boiler Insurance Market Segment Percentages, by Type, 2021 (%)
Boiler Repairs
Boiler Servicing
Plumbing & Drainage Repairs
Others
Global Boiler Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Boiler Insurance Market Segment Percentages, by Application, 2021 (%)
Commercial
Personal
Global Boiler Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Boiler Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Boiler Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Boiler Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
British Gas
CORGI Insurance Services
Domestic & General Insurance PLC
HomeServe PLC
Worcester Bosch
INTERGAS
Uswitch Limited