Combi Boiler Market Analysis, Growth Challenges & Outlook 2022-2026
The combi boiler market is projected to grow substantially by 2026 owing to rising demand for energy efficient heating systems worldwide. High operational efficiency, compact size and ease of installation are some of the features that will drive product deployment. Combi boilers are used for domestic and commercial purposes and operate using the heat from flue gases via heat exchangers that gives better operational efficiency.
The need for using sustainable energy has led combi boiler manufacturers to develop advanced products and technologies. In 2016, North American hydronic comfort heating systems manufacturer, Weil-McLain® introduced the new AquaBalance™ combination boiler incorporated with cutting-edge hydronic technology for compact space residential applications. With such innovations and new product developments, GMI, suggests that the combi boiler market is likely to reach an annual installation of more than 11 million units by 2026.
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Mentioned below are some of the ongoing trends advancing combi boiler market outlook:
- Robust demand for condensing boilers
Condensing boilers are witnessing a huge demand owing to high system efficiency and minimal impact on the environment. Strict government regulations to reduce the use of primary energy sources throughout residential areas is anticipated to drive the condensing combi boiler market size.
According to a report, in 2016, the Department of Energy (DOE) finalized new standards that will take effect in 2021 under which gas-fired and oil-fired water used in the residential spaces will require minimum efficiency levels of 84% and 86% respectively. The increasing demand from residential spaces for cost-effective and energy efficient solutions is likely to further boost the market growth.
- Domestic sector driving gas fired combi boiler deployment
Reduction in product prices and consumer focus on using sustainable solutions is boosting the growth of gas fired combi boiler market. Increased product demand is also owing to ease of storage and competitive fuel prices. Growing investments toward green building infrastructure and government measures to reduce carbon emissions throughout the domestic sector are major growth drivers, which will fuel the overall industry size over the coming years.
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- Asia Pacific to register considerable product demand
Asia Pacific combi boiler market is expected to grow over 6% during the forecast period owing to increasing construction activities due to surge in urbanization. As per the United Nations, a majority of China’s population is anticipated to live in urban areas by 2025. The demand for combi boiler is likely to be supported in the region on account of rising investments for upgradation of natural gas supply networks to fulfill growing demand for primary energy in the domestic sector.
Partial Chapter of the Table of Content
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
Chapter 3 Combi Boiler Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2015 – 2026 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability
3.5 Regulatory landscape
3.5.1 Europe
3.5.1.1 Ecodesign Directive 2009/125/EC
3.5.2 U.S.
3.5.3 China
3.5.3.1 Minimum Energy Performance Standards (MEPS)
3.5.3.1.1 Mandatory labels
3.6 Price trend analysis
3.6.1 Price trend, by technology
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Regulations toward reducing carbon footprint
3.7.1.2 Growing demand for energy efficient heating systems
3.7.1.3 Rapid urbanization
3.7.1.4 Shifting trends toward low emission natural gas
3.7.2 Industry pitfalls and challenges
3.7.2.1 Growing popularity of available alternative
3.8 Technology trends
3.8.1 Condensing
3.8.2 Non-condensing
3.9 Growth potential analysis
3.10 Porter’s Analysis
3.11 Competitive landscape, 2019
3.11.1 Strategy dashboard
3.11.1.1 Groupe Atlantic
3.11.1.1.1 Contract
3.11.1.1.2 Acquisition
3.11.1.2 Bosch Thermotechnology
3.11.1.2.1 Acquisition
3.11.1.2.2 Product Launch
3.11.1.3 A.O. Smith
3.11.1.3.1 Acquisition
3.11.1.3.2 Product Launch
3.11.1.4 Ariston Thermo
3.11.1.4.1 Acquisition
3.11.1.5 Ariston Thermo
3.11.1.5.1 Acquisition
3.11.1.6 Viessmann
3.11.1.6.1 Product Launch
3.11.2 Mergers and Acquisitions
3.11.3 OEM Market Share
3.12 PESTEL Analysis
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