Europe Boiler Market Growth Analysis 2024 by Top Industry Players Bradford White, Siemens, Weil-McLain, A. O. Smith Corporation, Bosch, Lennox, Daikin North America, Viessmann

Europe Boiler market business outlook is propelled by introduction of several standards to promote the development and deployment of energy efficient heating system to reduce greenhouse gas emissions. EU introduced several directives including Renewable Energy Directive, Energy Labelling & Ecodesign, Energy Efficiency Directive, and Energy Performance of Building Directive to limit the GHG emissions.

Europe Boiler market is predicted to reach over USD 12 billion by 2024. Increasing spending toward renovation of existing building coupled with increasing demand for energy efficient space heating systems will drive the industry growth.

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Austria boiler market in 2016, is set to reach over annual installations of 95 thousand units. Increasing investment towards construction sector along with growing economic will fuel the industry growth. In 2014, according to the European Commission the country witnessed over 47 thousand new residential establishments.

Europe boiler market share is set to witness growth owing to increasing demand for space heating system along with positive outlook toward adoption of renewable technologies. Major players across the region have introduced smart control system integrated products to enhance the system efficiency and reduce fuel loss. Strict efficiency norms have initiated the deployment of high efficiency condensing boilers across the region

Shifting trends toward adoption of sustainable technologies along with rising need for space heating owing to low average temperatures will augment the Europe Boiler Market. Major industry participants have introduced products with smart control systems to minimize the fuel loss and improve the system efficiency. Furthermore, stringent efficiency norms have instigated the adoption of high efficiency condensing boilers across the region.

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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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Bosch
2. BDR Thermea
3. Lennox
4. Daikin
5. Bradford White
6. Viessmann
7. Weil-McLain
8. Wolf
9. Burnham
10. Siemens AG
11. Groupe Atlantic
12. A. O. Smith
13. KyungDong Navien
14. Ariston Thermo Group
15. Vaillant Group
16. NIBE

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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.

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