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Europe Boiler Market Eminent participants are Thermea, Bosch, Daikin, Lennox, Viessmann, Bradford White, Wolf, Weil-McLain, Siemens AG, Burnham, A. O. Smith, Groupe Atlantic, Ariston Thermo Group, KyungDong Navien, NIBE, Vaillant Group among others

11-12-2018 06:17 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Europe Boiler Market

Europe Boiler Market

The last few years have observed Europe boiler market undergoing a transformation of sorts, especially with regards to the methodology of boiler development. Emission control for example, has now evolved as a major concern in boiler production, on the grounds of which many European countries have implemented several emission control policies. In addition, the rapidly changing climatic conditions and increasing need for energy efficiency are also encouraging giants in Europe boiler industry to manufacture advanced versions of the current products. Consequently, the demand for highly developed and energy-efficient boilers is on the rise, prompting the EU to lay down an even more stringent regulatory framework with regards to energy efficiency. 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.

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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.
Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

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

1.2.1 Secondary

1.2.2 Primary

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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

In 2016, Germany accounted for over 13% of Europe boiler market share. Robust growth across construction sector coupled with initiatives to promote sustainable heating technologies will boost the product adoption. In 2016, the government of Germany introduced “National Action Plan on Energy Efficiency” with an aim to promote energy efficient technologies and raise consumer awareness pertaining to energy efficient products.

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Europe commercial boiler market is set to witness gain of over 2.5% by 2024. Ongoing investments toward establishment of new commercial centers along with retrofitting of existing buildings will fuel the business growth. Efforts toward improvement of building energy efficiency coupled with EU mandate towards reduction of carbon foot print across the various sectors of economy will further enhance the industry outlook.

Spain boiler market is set to witness strong growth owing to resurgent economic growth post 2008 recession. Ongoing investments toward development of new commercial centers along with rising disposable income will fuel the business growth. The country in recent years has witness growing adoption of gas-based boilers on account of its improved efficiency and safety when compared to available alternative.

High efficiency and compliance with the efficiency standards are some of the paramount factors which will drive the condensing boiler market. These systems offer improved efficiency when compared to traditional systems by tapping the heat from the flue gases. Competitive pricing with the heating system of similar efficiency has led to increased product penetration across the region.

Key industry participants in the Europe boiler market include Bosch, BDR Thermea, Lennox, Daikin, Bradford White, Viessmann, Weil-McLain, Wolf, Burnham, Siemens AG, Groupe Atlantic, A. O. Smith, KyungDong Navien, Ariston Thermo Group, Vaillant Group and NIBE.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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