According to Future Market Insights, the global residential boiler market is anticipated to grow significantly during the forecast period (2022-2032). This due to increasing demand for advanced home appliances in residential sector across the globe.
The expanding demand from the real estate sector in the United States, Germany, India, and China is predicted to be the main driver of demand for residential boilers. The global residential boilers market is anticipated to reach US$ 29.5 Bn in 2022 and develop at a CAGR of 5.4% from 2022 to 2032, according to a Future Market Insights analysis.
During the projected period, the demand for space heating and water heating household equipment is expected to rise along with government development plans, new construction projects, and need for a comfortable lifestyle.
Download Sample PDF: https://www.futuremarketinsights.com/reports/sample/rep-gb-15147
Key Takeaways of Residential Boiler Market Study
- Residential boilers with capacities under 24 kW are anticipated to rise at a CAGR of 4.8 % during the projection period.
- By technology, the condensing residential boiler segment will account for more than 70% of the global market.
- In terms of fuel type, gas is anticipated to account for more than 74% of the global market share.
- Based on application, the apartment segment is anticipated to expand at a value CAGR of 5.1% by 2032.
Competitive Landscape
Top manufacturers are dominating the residential boiler market globally, which is highly consolidated. Market players are attempting to increase their market share by creating new products and upgrading existing product lines due to technological advancements.
Some of the companies are collaborating to expand their market-based sales channels while concentrating on providing consumers a network of post-purchase services. Additionally, key supply trends like the introduction of new products and significant investments in R&D are followed by producers of residential boilers. Ariston Thermo Group, Groupe Atlantic, Vaillant Group, and Viessmann are a few of the major companies in the sector.
Speak with our expert: https://www.futuremarketinsights.com/ask-question/rep-gb-15147
Find More Valuable Insights
The research report analyzes the market demand trends of residential boilers. The Egypt market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of residential boilers. As per Future Market Insights research scope, the residential boilers Market has been studied and segmented on the basis of product capacity and end-use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.
About FMI – Industrial Automation
The Industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.
Key Segments Covered in Residential Boiler Industry Analysis
By Capacity
- Below 24 kW
- 24kW to 35 kW
- Above 35 kW
By Technology
- Condensing
- Non-Condensing
By Fuel Type
- Gas
- Oil
- Electric
- Others
By Application
- Apartments
- Villas
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights, Inc.
Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse the latest Market Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials
LinkedIn| Twitter| Blogs
