Europe Residential Boiler Market Comprehensive Analysis | Key Players - NIBE, BDR, Viessmann, Groupe Atlantic, Bosch, Hoval Daikin, Ariston, Immergas, Siemens, Weishaupt, Fondital, Navien, Vaillant, Lennox, Ferroli, ACV, Wolf

The 'Europe Residential Boiler market' study formulated by Market Study Report, LLC, offers an in-depth analysis of the current market trends influencing this business vertical. The study also includes market valuation, market size, revenue forecasts, geographical spectrum and SWOT Analysis of the industry. In addition, the report depicts key challenges and growth opportunities faced by the industry bigwigs, in consort with their product offerings and business strategies.

Europe Residential Boiler Market is set to reach over USD 6 Billion by 2024. Growing focus toward reduction of carbon footprint and resource optimization along with growing demand for efficient space heating system will drive the business growth. 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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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.

Expansion of gas pipeline infrastructure along with shifting trends toward adoption of advanced space heating systems will drive the gas fired residential boiler market growth. 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.

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.

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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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.

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.

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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Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Europe Residential Boiler Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Europe Residential Boiler Market, By Region

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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