What's driving the Combi boiler Market Growth? Bosch Thermotechnology, A.O. Smith Corporation, Daikin, Viessmann, Vaillant Group, Wolf GmbH, Hoval
Global combi boiler market will witness an annual installation of more than 11 million units by 2026. The growing adoption of gas fired heating units can be also linked with competitive fuel prices and the ease of storage. Moreover, governments in most parts of the world are increasingly focusing on minimizing carbon emissions across the residential sector. This is likely to accelerate investments towards the development of green buildings and sustainable infrastructure, which will open up ample opportunities for combi boiler manufacturers across the globe.
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Global combi boiler market share is poised to record substantial gains over the next few years. This can be mainly attributed to growing consumer demand for cost-effective and energy-efficient heating systems. Driven by mounting environmental concerns and a strong focus on reducing the global carbon footprint, governments and other bodies have introduced stringent norms to minimize the primary energy consumption across residential spaces.
According to the United Nations (UN), by the end of 2025, more than 65% of the Chinese population is projected to live in urban regions. Moreover, the region is increasingly focusing on upgrading its existing natural gas supply networks. Robust investments towards the upgradation of natural gas supply chains to address the surging primary energy demand will certainly present lucrative opportunities for regional manufacturers and suppliers.
The growing adoption of gas fired heating units can be also linked with competitive fuel prices and the ease of storage. Moreover, governments in most parts of the world are increasingly focusing on minimizing carbon emissions across the residential sector. This is likely to accelerate investments towards the development of green buildings and sustainable infrastructure, which will open up ample opportunities for combi boiler manufacturers across the globe.
Condensing combi boilers utilize the heat from the flue gases via heat exchangers which helps the system achieve an excellent operational efficiency. Compared to non-integrated water and space heating systems, these systems provide much greater efficiency and help minimize operating costs. Ongoing investments towards the upgradation of existing residential infrastructure on account of rapid urbanization is anticipated to fuel the product demand over the projected period.
Global combi boiler market can be segmented into natural gas, oil, and others based on the fuel use to power the equipment. Gas fired combi boilers will most likely witness increased adoption in the near future mainly due to harmonization of product prices. Moreover, consumers are increasingly switching to sustainable heating technologies which will further boost the demand for gas fired combi boilers.
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Bosch Thermotechnology, A.O. Smith Corporation, Daikin, Viessmann, Vaillant Group, Wolf GmbH, Hoval and are some of the major industry participants constituting global combi boiler market share. Industry participants are expected to make significant R&D efforts and investments to introduce more energy efficient heating systems, which will complement combi boiler industry outlook.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Combi boiler Industry Insights
Chapter 4. Combi boiler Market, By Fuel
Chapter 5. Combi boiler Market, By Technology
Chapter 6. Combi boiler Market, By Fuel
Chapter 7. Combi boiler Market, By Region
Chapter 8. Company Profiles
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Global Boiler Market Analysis & Forecast 2018 - 2024
Global Boiler Market is predicted to reach over USD 65 Billion by 2024. Growing investment toward the expansion and upgradation of commercial facilities coupled with ongoing industrialization across developing economies will propel the deployment of these steam generating units. In addition, rising focus toward energy efficient units on account of growing concerns over greenhouse gas emissions will further drive the product demand.
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