Combi Boiler Market Analysis

Combi Boiler Market Analysis

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The natural gas segment in the combi boiler market is estimated to attain 5.1% growth rate till 2030. High energy savings, operational safety, and easy & low-cost installation along with easy gas extraction are some of the factors that will stimulate the market demand. In addition, stringent norms and policies to reduce GHG footprint in line with declining prices of natural gas will drive the business scenario. The European Commission has set various targets for carbon neutrality by 2050 and a 55% reduction goal by 2030.
 

The condensing technology held 80% of the market share in 2021, credited to the increasing usage of reliable & efficient heating technologies. High operational efficiency, low energy cost, reduced environmental pollution, and enhanced energy recovery are some of the parameters that will positively influence the product demand. The ongoing introduction of modern & advanced heating units will accelerate the business growth.
 

 

Europe combi boiler market is expected to register significant growth during the forecast timeframe, owing to robust government investments toward the adoption of energy-efficient heating systems along with continuous development in modern facilities. A rising shift toward the adoption of IoT-based technologies for hot water supply along with increasing efforts to reduce energy consumption will impel the business trend. In addition, stringent government norms & regulations to replace conventional heating systems with smart units will encourage the industry outlook.
 

The UK combi boiler industry is anticipated to rise at a CAGR of 5.2% through 2030. Increasing disposable incomes coupled with consumer focus toward the adoption of efficient facilities will boost the industry expansion. Moreover, rising focus toward the installation of integrated heating & hot water supply systems along with favorable incentives & funds to promote green infrastructure will augment the market landscape. The market size boiler in the U.S. is poised to surpass USD 5.7 billion by 2032.