Europe Residential Boiler Market Size
Europe Residential Boiler Market size surpassed USD 40.6 billion in 2023 and is anticipated to expand at 8.3% from 2024 to 2032. Increasing population and urbanization rate primarily across the developing nations along with surging infrastructural investments for development of sustainable building infrastructure will foster the industry growth.
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Rising disposable incomes and better living standards combined with growing consumer desire toward advanced boiler adoption will change the industry environment. Rising pollution limits have forced authorities to create design guidelines for the creation of energy-efficient items and emission control rules for manufacturers, therefore enabling the product penetration. Moreover, constant changes in classification of rural areas as urban areas will boost the need for these boilers.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Europe Residential Boiler Market Size in 2023 | USD 40.6 billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 8.3% |
| 2032 Value Projection | USD 84.9 Billion |
| Historical Data for | 2019 to 2023 |
| No. of Pages | 280 |
| Tables, Charts & Figures | 639 |
| Segments covered | Technology, Fuel |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
COVID– 19 Impact
An outbreak of the COVID- 19 epidemic has had a major influence on Europe. The Europe residential boiler market growth has been affected by limited operations in the companies on account of shortage of raw materials from lower-tier suppliers, a reduced availability of personnel, and the gradual recovery of transportation network capacity. Manufacturers have responded to these difficulties, though, by starting fresh partnerships and creative ideas to improve resilience and reduce the effect of the epidemic on the supply chain, therefore increasing the commercial potential.
Europe Residential Boiler Market Analysis
Find more information about the main players influencing this market.
By 2032 the gas based boiler sector will have grown at an 8.2% rate. A favorable industry picture will result from strong uptake of green technologies and changing government priority reduction of green emissions. Rich availability of natural gas mostly in Middle East and Africa would propel economic development. Both public and private players are heavily funding the construction of zero-emission buildings, which will improve the situation regarding the residential boiler market in Europe.
Due in great part to government mandates and emission rules meant to reduce greenhouse gas emissions, the residential electric boiler market has seen an increase in general penetration. One of the carbon emitters, the residential sector will benefit from the business scenario given increasing demand for decarbonization. Furthermore driving the industry potential is growing consumer awareness toward the acceptance of clean technologies on account of increasing water heating demand and space heating.
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Find more about the main players influencing this market.
By 2022, the market for condensing residential boilers will have 85% share. Several major benefits they provide—lower heating costs and decreased carbon emissions—are expected to drive notable increase in the market. Moreover, key elements influencing the acceptance across the industry include small size, low power consumption, and absence of a water tank need. Furthermore, the launch of positive government policies including tax breaks and refunds will improve the dynamics of the sector.
Seeking regionally specific statistics?
By 2032, the France domestic boiler market is expected to be USD 9.5 billion. Introduction of a national energy policy together with growing tourism industry has resulted in a notable application of heating technology. The government has established aims to hasten the transformation toward a better, cleaner, and healthier environment, therefore generating a suitable business climate. Furthermore, the country is giving decarbonization and the application of sustainable energy technology top priority, thereby supporting the business statistics.
Low winter temperatures and rising needs for space heating will cause an interesting momentum in the UK residential boiler market. Different government projects aiming at the growth of new residential buildings including villas and apartments will change the scene of European boiler industry. Furthermore, the government has enacted regulations to increase public investments and green energy programs to help to improve the business environment. The market statistics will always be driven by the flourishing real estate sector as well as continuous replacement of traditional systems with energy-efficient boilers.
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Europe Residential Boiler Market Share
The key companies are focusing on technological advancements, economies of scale and brand recognition to meet the competition prevailing in the industry. The major residential boiler market players in Europe include
- BDR Thermea Group
- Hoval
- VIESSMANN
- Immergas S.p.A
- Bradford White Corporation
- Bosch Industriekessel
- A. O. Smith
- FERROLI
- ACV
- NTI Boilers
- Atlantic
- Ariston Holding N.V
- Fonderie Sime S.p.A
- Carrier
- Vaillant Group
- Lennox International Inc.
Europe Residential Boiler Industry News
- Ariston Holding N.V. reported in January 2023 the purchase of CENTROTEC Climate Systems GmbH from CENTROTEC SE. The purchased company runs under well-known names; Wolf is a leader in the creation of modern household boilers. In the European markets, the CENTROTEC enjoys a strong market posture. The purchase will help Ariston to expand across the area and increase its market share all around.
- VISSEMANN unveiled its Vitodens boiler series with 35 kW power in November 2022. The additional addition provides a heating output between 3.2 and 32 kW and a Domestic Hot Water output ranging from 2.9 kW to 35 kW. With the ViCare app, the Wi-Fi-enabled new models let the homeowner totally control the heating. The new series has increased corporate income and driven expansion.
The Europe residential boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments
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Market, By Fuel
- Natural Gas
- Oil
- Electric
- Others
Market, By Technology
- Condensing
- Natural Gas
- Oil
- Electric
- Others
- Non-Condensing
- Natural Gas
- Oil
- Electric
- Others
The above information has been provided for the following countries
- Denmark
- Finland
- Norway
- Sweden
- UK
- Russia
- Romania
- Poland
- Austria
- Belgium
- France
- Germany
- Netherlands
- Switzerland
- Greece
- Italy
- Portugal
- Spain
Frequently Asked Questions (FAQ)
What is the market size of residential boiler in Europe?
The market size of residential boilers in Europe surpassed USD 40.6 billion in 2023 and expected to depict 8.3% CAGR during 2024 to 2032, explains the GMI report.
What are the leading factors for gas-based boiler demand?
Gas-based boiler industry size will record 8.2% growth during 2023 to 2032 due to the robust adoption of green technologies and shifting government focus on the reduction of green emissions.
What is the France residential boiler business forecast by 2032?
France residential boiler sector is estimated to amass USD 9.5 billion by 2032 owing to the introduction of a national energy policy along with the flourishing tourism sector.
Who are the top companies in the Europe residential boiler industry?
BDR Thermea Group, Hoval, VIESSMANN, Immergas S.p.A, Bradford White Corporation, Bosch Industriekessel, A. O. Smith, FERROLI, ACV, NTI Boilers, Atlantic, Ariston Holding N.V., Fonderie Sime S.p.A., Carrier, Vaillant Group, and Lennox International Inc.
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