Europe Residential Boiler Market Overview 2019: Focusing on Leading Players 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 Th
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 reach over USD 6 Billion by 2024. In line with the global initiative to limit GHG emissions, the EU in 2015, enforced Eco-design Directive related to solid fuel boilers with an objective to limit the acute effects of CO2 emissions.
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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.
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.
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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.
Europe Residential Boiler Market, By Product
Europe Residential Boiler Market, By Fuel
• Natural Gas
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.
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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.
Eminent players operating in the Europe residential boiler market are: NIBE, BDR, Viessmann, Groupe Atlantic, Bosch, Hoval Daikin, Ariston, Immergas, Siemens, Weishaupt, Fondital, Navien, Vaillant, Lennox, Ferroli, ACV, Wolf, amongst others.
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