Combi Boiler Market Size By Fuel Type (Natural Gas, Oil, Others), By Technology (Condensing, Non-Condensing), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jan 2020  |  Report ID: GMI2481  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 350   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Combi Boiler Market size was valued at over USD 23 billion in 2019 and annual sales is anticipated to exceed 11 million units by 2026. Increasing investments toward the installation of efficient space heating technologies along with growing focus toward limiting carbon emissions will drive the product demand on a global scale.
 

Combi Boiler Market

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A combination boiler, also called a “combi boiler,” is a heating system which can be used for providing hot water and heat across residential establishments. It usually comes in a single package when compared to non-integrated water and space heating units. The typical lifespan of a combi boiler system varies from 15 to 20 years, depending upon the operating conditions, maintenance and fuel usage.
 

Growing efforts toward reduction of carbon footprint coupled with the adoption of stringent energy efficiency standards for heating technologies will further enhance the industry statistics over the forecast period. The study features a detailed analysis of industry trends across the globe segmented on a regional & country basis across technology and fuel segments. Moreover, the market forecasts & estimates are in line with data represented by authorities including the EPA, DOE, EIA government regulatory bodies and company press releases.
 

Combi Boiler Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 23 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 4.5% 2026 Value Projection: 11 Million (Units)
Pages: 350 Tables, Charts & Figures: 777
Geographies covered (32): U.S., Canada, Denmark, Finland, Norway, Sweden, UK, Ukraine, Russia, Romania, Poland, Austria, Belgium, France, Germany, Netherlands, Switzerland, Greece, Italy, Portugal, Spain, China, Japan, South Korea, Australia, Saudi Arabia, UAE, Nigeria, South Africa, Brazil, Argentina, Mexico
Segments covered: Fuel, Technology
Companies covered (17): Bosch Thermotechnology, BDR Thermea Group, Daikin, Hoval, HTP, Viessmann, Fondital S.p.a, Wolf GmbH, Ferroli S.p.A, A.O. Smith Corporation, Vaillant Group, ACV, KyungDong Navien, FONDERIE SIME P, Ariston Thermo Group, Groupe Atlantic, Thermodyne Engineering System
Growth Drivers:
  • Regulations toward reducing carbon footprint
  • Growing demand for energy efficient heating systems
  • Rapid urbanization
  • Shifting trends toward low emission natural gas
Pitfalls & Challenges:
  • Growing popularity of available alternative

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Ongoing shift toward installation of sustainable technologies will drive the oil-fired combi boiler industry demand

Germany Combi Boiler Market

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Increasing replacement rate of conventional boiler with the advanced combi boiler is creating a positive environment for the oil-fired combi boiler industry players. The presence of a robust supply network in developed and developing countries is anticipated to drive the demand for oil-fired combi boiler significantly. Combi boilers provide high efficiency space heating and are easy to install when compared to other available market alternatives. This in turn is further fueling the combi boiler market statistics over the forecast timeframe.
 

Low operational & installation costs are few of the key market factors favoring the industry growth on a global scale. Moreover, several regions including North America and Europe undergo harsh winter conditions, thus creating significant market opportunities for oil fired combi boiler manufacturers. Ease of storage & installation, and declining fuel prices are the some of the other prominent factors driving the market demand of such boilers across the globe.
 

Stringent regulatory norms to promote the low emission technologies will favor growth of condensing combi boiler industry

U.S. Combi Boiler Market By Technology

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A condensing combi boiler has a low carbon discharge due to better operational efficiency than traditional boilers. Over the last decade introduction of stringent environmental mandates to curb the harmful GHG emissions has positively impacted the global condensing combi boiler market trends. For instance, the U.S. government has approved the federal regulation 81 FR 2320 on 15th January 2016, which sets the minimum AFUE standards for residential boilers manufactured in and imported into the U.S.
 

European Union in the recent years has also set various standards which have provided an impulsive growth to the global market. It has introduced Ecodesign Directive 2009/125/EC which sets mandatory ecological requirements for energy related products sold in all the 28 member states. The condensing combi boiler has the ability to capture the heat contained within the combustion gases to preheat the cold water and provides enhanced energy recovery capabilities. This will eventually improve its market demand substantially. Ongoing efforts to limit primary energy consumption with rising consumer awareness will further enhance the global industry outlook.
 

Growing replacement rates of traditional heating systems is set dominate the North America market share

Asia Pacific Combi Boiler Market By Country

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North America, Europe and Asia Pacific regions accounted for over 95% of the global market share in 2019. Growing urbanization across developing economies along with investments toward the upgradation of residential infrastructure in developed countries has raised market demand for these units. The North American market share is set to witness substantial growth on account of increasing demand for energy efficient space and water heating systems. The introduction of stringent emission norms and aging inventories of residential heating systems has created a replacement demand for conventional heating systems across the region.
 

The North America led by the U.S. market will witness significant penetration of combi boilers owing to increasing investments toward the replacement of existing furnace-based heating technologies. The region is characterized by rising penetration of gas fired heating systems on account of competitive gas pricing, established distribution & supply networks and easy availability of natural gas. In addition, shifting trends toward the adoption of integrated space and water heating systems owing to low life cycle costs and compact design will further drive the combi boiler market demand over the forecast timeline.
 

Product innovation & acquisition is the focal point of players to consolidate a dominant market share

The manufacturers are focusing on developing new products with higher efficiency and improved technology. The market leaders are focusing on their R&D activities to develop new technologies in the combi boiler industry. They are also introducing new products in the market with higher efficiency and advanced technologies in order to distinguish themselves in the highly competitive market outlook.
 

Key market players operating across the industry comprise of Bosch Thermotechnology, Hoval, Daikin, BDR Thermea Group, Viessmann, Fondital S.p.a, Ferroli S.p.A, A.O. Smith Corporation, KyungDong Navien, Vaillant Group, FONDERIE SIME P, Ariston Thermo Group, Thermodyne Engineering System, and Groupe Atlantic, amongst others.
 

Combi Boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Thousand Units”, and ‘USD” from 2015 to 2026, for the following segments:
 

By Fuel

  • Natural Gas
  • Oil
  • Others

By Technology

  • Condensing
    • Natural gas
    • Oil
    • Others
  • Non-Condensing
    • Natural gas
    • Oil
    • Others

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
  • Europe
    • Denmark
    • Finland
    • Norway
    • Sweden
    • UK
    • Ukraine
    • Russia
    • Romania
    • Poland
    • Austria
    • Belgium
    • France
    • Germany
    • Netherlands
    • Switzerland
    • Greece
    • Italy
    • Portugal
    • Spain
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Nigeria
    • South Africa
  • Latin America
    • Brazil
    • Argentina
    • Mexico
       

Frequently Asked Questions (FAQ) :

A combination boiler, also called a “combi boiler” is a heating system which can be used for providing hot water and heat across residential establishments. It usually comes in a single package when compared to non-integrated water and space heating units.
Increasing demand for high efficiency space and water heating systems will be key driving factors for the growth of the market.
Bosch Thermotechnology, Hoval, Daikin, BDR Thermea Group, Viessmann, Fondital S.p.a, Ferroli S.p.A, A.O. Smith Corporation, KyungDong Navien, Vaillant Group, FONDERIE SIME P, Ariston Thermo Group, Thermodyne Engineering System and Groupe Atlantic are the major players operating in the global market for combi boiler.

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