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Europe Residential Boiler Market Key Players are Daikin Europe, BDR Thermea Group, Lennox International, Hoval, Viessmann, Immergas S.p.A., Fondital S.p.A., WOLF GmbH, Ferroli S.p.A., BOSCH THERMOTECHNOLOGIE, Siemens, Ariston Thermo Group, BALTUR S.p.A.,

08-13-2018 12:15 PM CET | Energy & Environment

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Europe Residential Boiler Market

Europe Residential Boiler Market

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has been encouraging most of the European countries to adopt zero emission energy facilities. In fact, several countries in EU have already been following established energy efficiency legislatives to promote the use of renewable energy facilities across the residential sector, thereby stimulating Europe residential boiler market trends.'

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Growth Drivers:
1. Regulations toward reducing carbon footprint
2. Increasing demand for space heating

The deployment of energy efficiency legislatives is bound to help the continent balance the increasing fossil fuel-based energy consumption which led to a major rise in the levels of carbon dioxide. For the record, in UK, the domestic sector accounted for 28% of total energy consumption in 2017, out of which most of the energy was used for water and space heating purposes. Thus, in order to comply with the deployment of energy efficiency measures, most of the masses have been installing more efficient boilers and renovating existing home insulations. The surging awareness regarding the benefits of efficient boiler installation is thus poised to boost Europe residential boiler industry share.

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Energy giants partaking in Europe residential boiler market have come to shift their focus toward the development of high quality and efficient products. In accordance, several countries have taken initiatives to support product manufacturers by providing them with the required financial support. Validating the aforementioned fact, recently, London’s Mayor unveiled a GBP 10 million scheme to improve the capital’s air quality and encourage industry contributors to replace traditional and inefficient boilers deployed in residential sector with energy-efficient, advanced models. The development of energy efficient boilers could save a huge amount of money from energy bills. Moreover, the UK government is planning to make London a zero-carbon city by the end of 2050. The collective efforts of the regulatory bodies and regional governments are thus poised to impel Europe residential boiler market size over the years ahead.

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