Combi boiler market to be driven by rigorous regulatory frameworks and rapid product advancements Competitive Market Share & Forecast, 2018 – 2024
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Citing an instance to validate the efficacy of the aforementioned declarations, United Kingdom’s Department for Business, Energy, and Industrial Strategy has recently introduced a new legislation to transform the manufacturing and installation procedures of heating systems across the nation. The legislation, christened as Boiler Plus, aims to raise the bar for both manufacturers and installers in combi boiler market and address the glitches pertaining to energy efficiency in these heating systems. Reportedly, the legislation comes into effect from April this year and is likely to phase out inefficient boilers from the households of UK.
Speaking along similar lines, the Heating and Hot Water Industry Council has released a number of comprehensive guides aimed at educating consumers and installers regarding the requirements of the newly launched Boiler Plus legislation. Apparently, the regulations have mandated the combi boiler industry players to include at least one of the many novel features such as weather compensation, load compensation, flue gas heat recovery systems, and smart controls featuring automation and optimization functions while installing new boilers.
The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
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Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
Leadership figures such as CEOs, CSOs, VPs etc. in key companies
Supply-chain participants, distributors and domain experts
Key customers and B2B clients
It is rather noteworthy to mention that combi boilers have acquired wide spread recognition as an economically viable alternative over conventional water and space heating systems, given the fact that they offer enhanced efficiency and function at lower operating cost. Banking on the excellent advantages of these boilers, it has been observed that numerous acclaimed companies in combi boiler market have embarked upon a product-revamp strategy to preserve their competitive edge. Following are a few instances that track the latest developments in the combi boiler industry with respect to newly launched products:
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Named as ProLine XE Combination Boiler, the compact and service-friendly layout of the latest product facilitates easy maintenance, set-up, and installation to professional contractors in the overall combi boiler industry. Moreover, the latest boiler comes with an excellent energy-saving performance with a 10:1 turndown ratio and an impressive 95% Annual Fuel Utilization Efficiency. Boasting of the highest capacity across the existing product range in combi boiler market, ProLine XE Combination Boiler has been equipped with advanced technology to deliver up to 4.8 gallons of hot water per minute.
Considering the aforementioned aspects, it would be quite prudent to state that the emergence of highly updated heating systems demonstrates the continued efforts of players in combi boiler market in enhancing the existing product range. With stringent regulatory norms and legislations being put in place coupled with the adoption of sustainable technologies to transform product design, the overall combi boiler market share is bound to expand at a commendable pace in the forthcoming years. In fact, as per a research report by Global Market Insights, Inc., the annual installation volume of combi boiler industry is forecast to exceed 3 million units by the end of 2024.
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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