Europe Residential Boiler Market is anticipated to exceed 6 Million Units by 2024
Date: 2018-09-12   Author: Rahul Sankrityayan  Category: #market

Europe Residential Boiler Market is anticipated to exceed 6 Million Units by 2024

Europe residential boiler market is set to witness strong growth on account of increasing demand for space heating coupled with focus toward resource optimization and limiting carbon footprint. In line with global initiative to minimize CO2 emissions, the European Union in 2015, introduced Eco-design Directive pertaining to solid fuel boilers with an aim to minimize the negative environmental impact of GHG emissions.

In 2017, Germany accounted for over 10% of Europe residential boiler market share. Upgradation and expansion of existing residential facilities along with shifting trend from traditional to green infrastructure will drive the product deployment. For instance, in 2013 German Energy Saving Ordinance (EnEV) was amended that lays down the energy performance requirements for existing and new buildings. Rising consumer awareness toward installation of energy efficient heating systems along with robust gas supply infrastructure are some of the key factors which will further drive the business growth.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/2717

Gas fired residential boiler market will witness robust growth on account of expanding gas infrastructure coupled with ongoing shift toward deployment of energy efficient heating systems. Natural gas is one of the primary fuels consumed by residential sector to meet growing heating needs. For instance, as per European Commission, 37% of energy consumed in the residential sector was fueled by natural gas. Ongoing investment toward expansion of existing gas supply networks and declining fuel prices will further augment the business growth.

Condensing residential boiler market is anticipated to expand over 2% by 2024. Stringent government mandate to curb carbon emissions from residential establishments along with rising awareness toward energy efficient heating systems will drive the industry growth Ongoing investments toward construction sector along with rising culture of nuclear families will further fuel the industry growth. For instance, according to European Commission in 2017, single family households accounted for over 30% of the residential establishments.
 
France residential boiler market was valued over USD 600 million in 2017. Resurgent economic growth post 2008 recession has resulted in an increased demand for HVAC equipment including residential boilers. Growing migrant population and subsequent increase in residential establishments will drive the product demand.
 
Water-tube residential boiler market is predicted to witness gains over 2% by 2024. Increasing deployment of underfloor heating units along with the product’s abilities including high pressure handling, quick response and low radiation losses will increase their adoption across the industry landscape.
 
Key participants of the Europe residential boiler market comprise NIBE, BDR, Viessmann, Hoval, Groupe Atlantic, Immergas, Bosch, Ariston, Daikin, Siemens, Weishaupt, Navien, Fondital, Vaillant, Lennox, ACV, Wolf, Ferroli, amongst others.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2717

Europe residential boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:

Europe Residential Boiler Market, By Technology

Condensing
Natural Gas
Oil
Coal
Others
Non-Condensing
Natural Gas
Oil
Coal
Others
Europe Residential Boiler Market, By Product

Water-tube
Fire-tube
Europe Residential Boiler Market, By Fuel

Natural Gas
Oil
Coal
Others



About Author


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...

Read More

More from Rahul


Post Recommendents

District Heating Market is projected to reach USD 250 Billion by 2024
Author: Rahul Sankrityayan

Ongoing adoption of government regulations toward limiting carbon emissions along with advent of advanced technologies toward reusing and recycling the waste energy will augment the Industry growth. For instance, as per the Clean Air Act, the U.S....


Asphalt Mixing Plants Market Trend & Growth Forecast 2018-2024 By Application - Road Construction
Author: Rahul Varpe

Asia Pacific Asphalt Mixing Plants Market generated revenue over USD 2.5 billion and is foreseen to hold a major share of the market pie over the coming years. Owing to the robust growth in the countries of Asia Pacifi...


Painting Tools Market Trend & Growth Forecast 2018-2024 By Product - Brushes, Rollers, Scrapers, Knives, Trays, Spray Gun, Masking Tapes
Author: Rahul Varpe

Painting tools market share from construction applications is predicted to surpass a revenue collection of USD 10 billion by 2024, owing to the increasing industrialization and escalating housing need of the rapidly gr...