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Combi boiler Market Size By Fuel, Technology, Regional Outlook & Forecast, 2018 – 2024

Author : Rahul Sankrityayan | Published Date : 2019-08-20 

The Combi Boiler Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Combi Boiler Market is predicted to surpass USD 3.5 Billion by 2024. Investments toward refurbishment of residential infrastructure along with rise in demand for effective water & space heating will complement the industry outlook. Respective governments have introduced efficiency norms for limiting the GHG emissions which is further augmenting the business growth.

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Regulatory agencies across the globe have adopted policy measures that are encouraging the replacement of conventional heating units to minimize carbon footprint which is positively impacting combi boiler market share. Energy Performance of Building Directive (EPBD), Energy labelling and Eco-design directive & Energy Efficiency Directive are few key measures adopted by the EU to reduce GHG emissions.

China combi boiler market is projected to outgrow an annual installation of 200,000 units by 2024. Rapid urbanization in the country, coupled with rising disposable income of the residents will positively impact the industry landscape. According to the UN, percentage of urban residents in the country will surpass 75% of the overall population by 2050. Continuous investments toward upgradation and expansion of residential infrastructure will further enhance the product demand.

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Germany combi boiler market, in 2017, accounted for 10% of the regional share. In the recent years, the country has experienced growing investment toward residential construction which has further complimented the industry growth. For instance, new residential buildings in Germany exceeded 230 thousand in 2014, further witnessing growth of over 26% as compared to 2011. Furthermore, evolving construction sector coupled with government initiatives to promote sustainable technologies will drive the product installation.

Natural gas combi boiler market is expected to witness robust growth owing to competitive gas prices, ease of fuel storage and low cost. Stringent emission norms coupled with ongoing efforts in order to optimize the energy consumption in residential sector will further stimulate the industry growth. Further, availability of gas supply networks along with volatile crude oil prices has led to increase in installation of these units over its alternatives. In addition, growing consumer awareness towards integrated water & space heating systems will positively impact the business outlook.

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France combi boiler market is projected to exceed USD 200 million by 2024. Policy initiatives to restrain carbon footprint coupled with retrofitting of existing buildings will drive the replacement of conventional heating units. Further, the government announced "Energy Transition for Green Growth" law in 2015, that targets to limit the final consumption of energy across several sectors of the economy.

Key industry vendors in the combi boiler market comprises of Hoval, Daikin, BDR Thermea Group, Wolf, Ferroli, HTP, Viessmann, Vaillant Group, Fondital, ACV, SIME, A. O. Smith Corporation, Ariston Thermo Group, Bosch Thermotechnology, KyungDong Navien, and Groupe Atlantic.

Related Report:

Gas Fired Boiler Market 2024

https://www.globenewswire.com/news-release/2018/12/05/1662217/0/en/Gas-Fired-Boiler-Market-worth-over-20-billion-by-2024-Global-Market-Insights-Inc.html

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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