Industry Outlook and Trend Analysis
The Combi Boiler Market has encountered significant development in the recent years and is foreseen to grow tremendously over the forecast period. Strict government regulations relating to greenhouse gas emissions generally across residential establishments will drive the worldwide market estimate. These systems provide enhanced effectiveness and less operational cost when compared with isolated water and space heating systems. Individual governments as a team with the EU have introduced various proficiency standards to limit GHG outflows. For example, the Energy Related Products Directive ErP , presented in 2009 by the EU goes for reducing CO2 discharges and essential energy consumption while advancing the establishment of effective space and water heating technologies. Developing urbanization alongside interest for effective heating systems will boost the worldwide market. Rising urban population driven by internal and external migrations has brought about expanded venture towards extension of private foundations which thusly decidedly impact the business development.
Technology Outlook and Trend Analysis
Low environmental effect alongside high system proficiency will increase the condensing combi boiler market. These products tap the heat from outgoing flue gases by making use of heat exchangers. The tapped heat is provided to the approaching cool water from central heating system which brings about enhanced productivity. Measures to restrict the discharges crosswise over local structures will additionally supplement the industry development. Non-condensing combi boiler market is anticipated to grow significantly over the forecast period.
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Fuel Outlook and Trend Analysis
Gas fired combi boiler market revenue is foreseen to witness development by virtue of competitive fuel price, low cost, robust gas supply network and ease of storage over developed economies. Progressing shift toward using of supportable advances combined with harmonization of product costs over the globe are some the basic variables which have brought about raised the demand of the product. Cost viability alongside simplicity of oil accessibility will drive the oil fired combi boiler market.
Regional Outlook and Trend Analysis
Europe market is anticipated to encounter tremendous development over the estimate time frame. Government measures to restrict carbon footprint crosswise over private area alongside switching patterns toward nuclear families will support the product demand. U.S. market is set to witness solid development because of developing customer awareness regarding the usage of energy efficient heating systems. Increasing investments toward substitution of furnace-based heating systems will additionally upgrade the business landscape. Japan combi boiler market in 2017, was esteemed over USD 150 million.
Competitive Insights
The leading players in the market are Ferroli, Vaillant Group, SIME, Viessmann, Kyung Dong Navien, Hoval, Groupe Atlantic, Ariston Thermo Group, Daikin, Bosch Thermotechnik GmbH, Fondital, BDR Thermea and A. O. Smith Water Products Company. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Combi Boiler Market is segmented as follows-
By Technology:
Condensing
Non-Condensing
By Fuel:
Oil
Natural Gas
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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