Combi Boiler Market Growth Analysis, Industry Outlook, Forecast by 2024
Date: 2019-01-31   Author: Rahul Sankrityayan  Category: #market

Combi Boiler Market Growth Analysis, Industry Outlook, Forecast by 2024

Combi Boiler Market to witness boost in the commercialization scale of combi boiler industry in the times to come due to the subsequent enforcement of regulations coupled with the rising product demand. Owing to the massive investments being made in low carbon innovations, the revenue graph of combi boiler market has received a remarkable boost over the recent years. A marked increase in environmental concerns to lower the greenhouse gas emissions has compelled various regulatory authorities to prescribe stringent legislations regarding the installation of heating systems across commercial and residential spaces.

Citing an instance to validate the efficacy of the aforementioned declarations, United Kingdom’s Department for Business, Energy, and Industrial Strategy has recently introduced a new legislation to transform the manufacturing and installation procedures of heating systems across the nation. The legislation, christened as Boiler Plus, aims to raise the bar for both manufacturers and installers in combi boiler market and address the glitches pertaining to energy efficiency in these heating systems. Reportedly, the legislation comes into effect from April this year and is likely to phase out inefficient boilers from the households of UK.

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Speaking along similar lines, the Heating and Hot Water Industry Council has released a number of comprehensive guides aimed at educating consumers and installers regarding the requirements of the newly launched Boiler Plus legislation. Apparently, the regulations have mandated the combi boiler industry players to include at least one of the many novel features such as weather compensation, load compensation, flue gas heat recovery systems, and smart controls featuring automation and optimization functions while installing new boilers.

It is rather noteworthy to mention that combi boilers have acquired wide spread recognition as an economically viable alternative over conventional water and space heating systems, given the fact that they offer enhanced efficiency and function at lower operating cost. Banking on the excellent advantages of these boilers, it has been observed that numerous acclaimed companies in combi boiler market have embarked upon a product-revamp strategy to preserve their competitive edge.

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The United States headquartered water heaters and boilers manufacturer, A. O. Smith Corporation, has recently rolled out a new combi boiler that would provide seamless space heating services for residential consumers and deliver instant hot water as well. Named as ProLine XE Combination Boiler, the compact and service-friendly layout of the latest product facilitates easy maintenance, set-up, and installation to professional contractors in the overall combi boiler industry. Moreover, the latest boiler comes with an excellent energy-saving performance with a 10:1 turndown ratio and an impressive 95% Annual Fuel Utilization Efficiency. Boasting of the highest capacity across the existing product range in combi boiler market, ProLine XE Combination Boiler has been equipped with advanced technology to deliver up to 4.8 gallons of hot water per minute.

In an attempt to offer a combination boiler that has contemporary styling and smart control to suit modern homes, Daikin UK has launched its latest gas condensing boiler this month. Christened as D2CND, the new boiler has been supplemented with an adaptive gas valve which works with either LPG or natural gas. Furthermore, the latest boiler reportedly delivers an A+++ rating for hot water requirements when combined with solar thermal products and provides an A rating for space heating purposes. Bearing in mind the convenience of system installers, the combi boiler industry giant has designed D2CND with low lift weight and simple connections for easy installation.

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Considering the aforementioned aspects, it would be quite prudent to state that the emergence of highly updated heating systems demonstrates the continued efforts of players in combi boiler market in enhancing the existing product range. With stringent regulatory norms and legislations being put in place coupled with the adoption of sustainable technologies to transform product design, the overall combi boiler market share is bound to expand at a commendable pace in the forthcoming years. In fact, as per a research report by Global Market Insights, Inc., the annual installation volume of combi boiler industry is forecast to exceed 3 million units by the end of 2024.



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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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