Press release
Europe Boiler Market with Pertinent Opportunities by 2024 | Key Players: Grundfos, BDR Thermea Group, Daikin, Lennox
Europe Boiler Market
Incidentally, condensation boilers are about EUR1,000 costlier than the current residential boilers, but the additional cost is being viewed as an investment that will be paid back within 3 to 5 years in the form of energy savings that consumers can have with the use of a more energy efficient boiler. In fact, estimates show that the average household can be saving up to EUR480 on average by 2020 in the form of reduced energy bills. According to the European Environmental Bureau 6.6 million boilers are sold in Europe every year. With the implementation of environmentally conscious legislations such as the Ecodesign standard, Europe boiler market will also receive a commendable boost as boilers join the line of ecofriendly heating systems.
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Countries like Italy and Germany have been hailed for their efforts in bringing more ecofriendly heating solutions to Europe boiler industry. A firm in Italy has in fact developed a project which uses a condensation boiler based on a catalytic hydrogen burner to produce heat power. The merit of the system lies in the fact that it is a zero-emission system that uses hydrogen and atmospheric air as fuel, combining hydrogen and oxygen in a catalytic reaction to produce heat and steam. Electricity from solar panels on the roof is used to produce and store hydrogen required by the boiler.
Europe boiler market has been largely captured by oil and gas boilers. Given that natural gas is relatively cheap in the continent, Europe boiler market size from gas-fired product sales is expected to exceed 3.5 million annual installations by 2024. In the ensuing years however, other ecofriendly technologies are expected to overtake gas and oil-fired boilers subject to governmental policies and incentive programs.
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Driven by low carbon heating solutions becoming increasingly competitive with traditional boilers and a favorable trend created by a positive policy framework, condensing boiler market is expected to be at par with the traditional boiler market.
Powered by the improvements in building standards and new legislations, consumer energy demands have now reduced for a while. Companies have been constantly inventing modern boilers with progressive design and technology, endowed with advanced controls, easy integration into existing boiler systems, lower energy usage and efficient heating. In conjunction with the rising number of boiler retrofitting projects, these pointers contribute majorly toward impelling Europe boiler market.
Partial Table of Contents (ToC) of the report:
Chapter 4 Europe Boiler Market, By Technology
4.1 Europe boiler market share by technology, 2016 & 2024
4.2 Condensing
4.2.1 Europe market from condensing, 2013 - 2024
4.2.2 Europe market from condensing, by country, 2013 - 2024
4.3 Non-condensing
4.3.1 Europe market from non-condensing, 2013 - 2024
4.3.2 Europe market from non-condensing, by country, 2013 - 2024
Chapter 5 Europe Boiler Market, By Product
5.1 Europe boiler market share by product, 2016 & 2024
5.2 Fire-tube
5.2.1 Europe market from fire-tube, 2013 - 2024
5.2.2 Europe market from fire-tube, by country, 2013 - 2024
5.3 Water-tube
5.3.1 Europe market from water-tube, 2013 - 2024
5.3.2 Europe market from water-tube, by country, 2013 - 2024
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Similar to how conventional boilers are designed to fit into narrow hallways and small elevators, modern boilers are being deigned to fit into tight spaces. Suitable installers can bring in one section at a time when the complete boiler assembly is too large for the entryway. With the heat sector being covered in the EU Renewable Energy Directive, eco friendly heating systems and renewable technologies are being used in tandem with traditional boilers to reign in emission and climate change, driving Europe boiler market.
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