Thermea, Bosch, Daikin, Lennox, Viessmann, Bradford White Europe Boiler Market Prominent boiler market participants include Siemens AG, Burnham, A. O. Smith, Groupe Atlantic, Ariston Thermo Group, Vaillant Group among others
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Regulatory bodies in fact, have even enforced norms with regards to accurate installation of boilers in new buildings. With the increasing dependency on HVAC systems, Europe boiler market is likely to witness a massive growth, having held a revenue of USD 10 billion in 2016.
In order to expand their presence across myriad geographies, most of the companies across this space have been focusing on acquiring the business of their competitors. A few years earlier, the French major Atlantic acquired Ideal Boilers, one of the renowned British boiler manufacturers. The move prompted Atlantic group to accelerate its product diversification in Europe boiler industry. In another instance, in 2010, Thermax had bought Danstoker A/S – one of the leading players of Europe boiler market, along with its German subsidiary, Omnical Kessel. This acquisition has reportedly helped Thermax mark its presence across the untapped markets and extend its product portfolio. The aforementioned instances aptly validate how the geographical expansion strategies of leading companies will help Europe boiler market share soar in the ensuing years.
Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Market definition and forecast parameters
1.2 Data Sources
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Chapter 2 Executive Summary
2.1 Europe boiler 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Technology trends
2.1.3 Product trends
2.1.4 Fuel trends
2.1.5 Application trends
2.1.6 Country trends
Chapter 3 Europe Boiler Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability
Speaking of the competitive spectrum, it is prudent to mention that several players in Europe boiler market are looking forward to inventing new boiler solutions with the advancement of technology. Not to mention, this business space is governed by a stringent set of regulations, on account of which energy efficiency and ease of installation are now counted among the most important concerns among manufacturers. Furthermore, boiler manufacturers are focusing on a high level of customer comfort with lowest energy cost.
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On these grounds, it would be fair to state that Europe boiler industry is rampant with a plethora of R&D programs focusing on innovating boiler solutions that boast of energy efficiency and optimized lifecycle.
Considering the escalating demand for multiple boiler set-ups across the commercial and residential sectors, companies have been going the whole hog to cascade a fixed number of boilers to provide the required set-up. For instance, in 2017, Weil-McLain® added three new smaller sizes to its advanced condensing boiler line. With this new addition, the company has managed to produce a condensing boiler for residential applications. In addition, for attracting more customers it has also worked on the design and aesthetic features of its products, which seemingly resulted in the improved functionality of boilers.
This provides further evidence to the fact that with the implementation of advanced control functions, major giants in Europe boiler industry are planning to extend their customer base across Europe.
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