Combi boiler market: Five regional trends predominant in the industry over 2018-2024
Date: 2018-06-08   Author: Saipriya Iyer  Category: #market

Combi boiler market: Five regional trends predominant in the industry over 2018-2024

The increasing demand for effective heating systems that cost lesser and offer enhanced efficiency will reportedly drive combi boiler market size over 2018-2024. Experts claim that the growing population across the urban landscape has led to an increased investment in residential buildings, influencing combi boiler industry trends.

Five geographical trends prevalent in combi boiler market:

  • As per estimates from the World bank in 2015, Japan is one of those countries across the Asia Pacific that boasts of 94% of urbanized population. The rising demand for retrofitting existing residential establishments and the country’s growing economy led to Japan combi boiler market size being pegged at USD 150 million in 2017.
  • In 2017, Germany held more than 10% of Europe combi boiler market share driven by initiatives to harness sustainable technologies. With rising investments toward residential buildings, Germany combi boiler market size will witness a commendable growth rate in the years ahead.
  • U.S. combi boiler industry will garner substantial proceeds by 2024, aided by the adoption of energy efficient heating systems and the demand for integrated space and water heating systems.
  • According to the United Nations, the proportion of urban Chinese citizens will cross 75% of the overall population of the nation by 2050. Driven by rising investments for the upgradation and expansion of residential establishments, China combi boiler market size will exceed 200 thousand units by 2024.
  • In 2015, the French government had apparently launched the ‘Energy Transition for Green Growth’ law that aimed to reduce the final energy consumption in numerous economic sectors. Powered by policy initiatives to control CO2 emissions and the retrofitting of residential buildings, France combi boiler industry share will cross USD 200 million by 2024.

The competitive spectrum of combi boiler market is seemingly quite diverse, inclusive of companies such as Fondital, Daikin, Vaillant Group, Hoval, A. O. Smith Corporation, Viessmann, BDR Thermea Group, Ferroli, and HTP.

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

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