Europe Residential Boiler Market 2019: Leading 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, BALTU

Europe residential boiler market growth is propelled by expansion of gas pipeline infrastructure along with shifting trends toward adoption of advanced space heating systems. Natural gas is the primary source of fuel, among the variety of others being used for residential space heating. As per the European Commission, natural gas delivered 37% of total energy consumed by Europe residential sector. Reducing fuel prices along with the investment toward development of gas supply network will further complement the business landscape.

Europe residential boiler market is set to witness strong growth on account of increasing demand for space heating coupled with focus toward resource optimization and limiting carbon footprint. In line with global initiative to minimize CO2 emissions, the European Union in 2015, introduced Eco-design Directive pertaining to solid fuel boilers with an aim to minimize the negative environmental impact of GHG emissions.

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Gas fired residential boiler market will witness robust growth on account of expanding gas infrastructure coupled with ongoing shift toward deployment of energy efficient heating systems. Natural gas is one of the primary fuels consumed by residential sector to meet growing heating needs. For instance, as per European Commission, 37% of energy consumed in the residential sector was fueled by natural gas. Ongoing investment toward expansion of existing gas supply networks and declining fuel prices will further augment the business growth.

Growth Drivers:

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

France residential boiler market, in 2017 was valued over USD 600 million. As a result of re-emerging economic growth after 2008 recessions, the industry has witnessed a rise in demand of HVAC systems comprising residential boilers. Growing investments toward infrastructure development along with increasing migrant population will further propel the product demand.

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Condensing residential boiler market is predicted to grow over 2% by 2024. Growing awareness toward efficient heating units along with introduction of stringent government legislatives toward reduction of GHG emissions from residential sector will positively influence the business landscape.

Rising adoption of energy efficient and sustainable technologies coupled with the expansion and upgradation of extant residential facilities will boost the product penetration across the Europe residential boiler market. In 2013, The government of Germany introduced a norm-based regulatory framework; the German Energy Saving Ordinance, aiming to achieve ecologically neutral log of existing building infrastructure by 2050. The law further lays down heating system and efficiency standards for new constructions and refurbishment of existing buildings.

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

1. Daikin Europe
2. BDR Thermea Group
3. Lennox International
4. Hoval
5. Viessmann
6. Immergas S.p.A.
7. Fondital S.p.A.
8. WOLF GmbH
9. Ferroli S.p.A.
10. BOSCH THERMOTECHNOLOGIE
11. Siemens
12. Ariston Thermo Group
13. BALTUR S.p.A.
14. ACV International

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Water-tube residential boiler market is anticipated to expand over 2% by 2024. Low radiation losses, ability to handle high pressure, and quick response are some of the features that will boost the product penetration across the sector.

Shifting trends toward nuclear families coupled with growing investments toward residential construction will further drive the industry growth. In 2017, as per the European Commission, single family houses were reported to occupy over 30% of the residential establishments.

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