Combi Boiler Market Size

Combi Boiler Market Size

Combi Boiler Market size valued at USD 26.1 billion in 2023 and is projected to expand at a CAGR of around 5.3% from 2024 to 2032.

Simple design, compact size, high energy savings, increased efficiency, and reliable operation across various applications in line with ongoing investments toward the installation of space heating technologies will boost the industry demand. Additionally, continuous deployments of low emission units to cater to rising environmental concerns and strict government norms will sway the market trend. The global market for boilers is likely to cross USD 180 billion by 2032.

To get key market trends

  Download Free Sample

The combi boiler market growth is further attributed to the rising concerns toward carbon emissions along with increasing penetration of integrated space & water heating solutions. Continuous technological advancements for the development of modern facilities coupled with the ongoing replacement of conventional units with cost-effective solutions will foster the industry dynamics. Moreover, rapid urbanization across emerging economies in line with shifting trends sustainable solutions will spur the market expansion. Global gas fired boiler industry is poised to surpass USD 105.9 billion by 2032.
 

The global economy has been significantly impacted by an unanticipated outbreak of the novel coronavirus, giving rise to the COVID- 19 pandemic. Limited manufacturing, slow economic rebounds across various industries, and potentially less demand for water heating technologies has hampered the product adoption. However, respective government measures to restart the operations across major industries, manufacturing facilities and infrastructural developments will complement the market growth.