Europe combi boiler market size will witness significant growth on account of increasing adoption of stringent environmental mandates & standards. Moreover, growing demand for efficient heating technologies will further surge the product adoption over the forecast period. In addition, low costs and minimal emission discharge are some of the other key underlying factors which will propel the deployment of these units.
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Increasing investments toward the construction & refurbishments of new & existing households coupled with harsh winter conditions across various Nordic nations will create a favorable business scenario for the combination boiler manufacturers. The winter weather in the region is characterized by heavy snowfall, especially across Northern Europe, where need for space and water heating is paramount for conducting day to day activities. Compact design and easy operation & maintenance are few of the prominent features which are favoring product installation across residential establishments. In addition, the growing awareness toward the adoption of energy efficient heating technologies amongst consumers will further augment the industry outlook over the forecast timeframe.
Oil-fired combi boiler market share will witness significant growth owing to the presence of a robust fuel supply networks. In addition, the growing investments toward the replacement of conventional heating systems will raise the product adoption sensationally. Furthermore, declining fuel prices, high reliability and ease of installation are some of the other significant factors which will augment the adoption of these units in the forecast years.
Combi boiler market from condensing technology will witness significant gains on account of high operational efficiency and low emission discharge rates. Ongoing efforts toward limiting the primary energy consumption along with the implementation of stringent emission regulations will fuel the product demand. For instance, the European Union introduced Ecodesign directive, in 2009, with obligatory energy labelling & other performance standards for products sold across the EU. The introduction of such directive with stringent emission reduction targets will significantly alter the industry dynamics in favor of energy efficient products including combi boilers.
UK Combi boiler market size is anticipated to witness strong growth on account of steady economic performance along with the adoption of stringent emission regulations. Ongoing focus toward the development of green buildings coupled with adoption of performance standards for energy products will complement business growth. For instance, in 2018, the UK government introduced Boiler Plus aimed toward increasing the energy efficiency of homes by increasing the performance output of the installed heating systems. In addition, shifting trends toward the development of zero emission buildings will further augment the business growth over the forecast timeline.
Some major players operating across the combi boiler industry are Daikin, Bosch Thermotechnology, Thermodyne Engineering system, Groupe Atlantic, KyungDong Navien, HTP, Wolf, Ferroli, Vaillant Group, BDR Thermea Group, and Ariston Thermo Group amongst others.