Press release
Whats Driving the Combi Boilers Market Growth? Bosch Thermotechnology, BDR Thermea, Daikin, Hoval, HTP, Viessmann, Ferroli S.p.A, A.O. Smith Corporation, Vaillant Group
Combi Boilers Market
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The size of Combi Boilers Market was registered at USD 23 billion in the year 2019 and is anticipated to cross 11 Million (Units) by 2026. Between the period 2020-2026, the Combi Boilers Market is expected to register a CAGR of 4.5%.
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.
Growth Drivers of Combi Boilers Market:
o Regulations toward reducing carbon footprint
o Growing demand for energy efficient heating systems
o Rapid urbanization
o Shifting trends toward low emission natural gas
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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Asia Pacific combi boiler industry is projected to record a robust 6% CAGR during 2020-2026. The region holds a dominant share in the global construction sector. Strong economic growth in the region in recent decades along with growing urbanization and industrialization is expected to fuel construction and infrastructure development activities in the next few years. Driven by the increasing population, the rate of urbanization, particularly in countries like China, India, and Japan is estimated to escalate.
Key Players of Combi Boilers Market :
o Bosch Thermotechnology
o BDR Thermea Group
o Daikin
o Hoval
o HTP
o Viessmann
o Fondital S.p.a
o Wolf GmbH
o Ferroli S.p.A
o A.O. Smith Corporation
o Vaillant Group
o ACV
o KyungDong Navien
o FONDERIE SIME P
o Ariston Thermo Group
o Groupe Atlantic
o Thermodyne Engineering System
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.
Table of content:
Chapter 1 Methodology
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Combi boiler market 3600 synopsis, 2015 - 2026
2.1.1 Business trends
2.1.2 Fuel trends
2.1.3 Technology trends
2.1.4 Regional trends
Read More About Combi Boilers Market At: https://www.prnewswire.com/news-releases/combi-boiler-market-worth-over-35-billion-by-2024-global-market-insights-inc-679122823.html
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