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Europe Combi Boiler Market Size - By Fuel Type (Natural Gas, Oil), By Technology (Condensing, Non-Condensing) & Forecast, 2023 – 2032

  • Report ID: GMI6881
  • Published Date: Oct 2023
  • Report Format: PDF

Europe Combi Boiler Market Size

Europe Combi Boiler Market size was valued at USD 18.3 billion in 2022 and is anticipated to observe more than 5.2% CAGR from 2023 to 2032. A combi boiler is a type of heating system that provides both hot water for domestic use and central heating for a property from a single unit. Combi boilers are commonly used in residential homes and smaller commercial buildings because they are compact, efficient, and can provide hot water on demand without the need for a separate hot water storage tank or cylinder.

Europe Combi Boiler Market

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The collaboration between private enterprises and government in the development and expansion of residential properties will positively impact the combi boiler market. Given that a large portion of conventional boilers do not adhere to the mandated regulations, this situation has opened up a chance for manufacturers to seize a substantial market share owing to the increasing rate of replacements of existing heating systems.

COVID-19 Impact

The unexpected emergence of the novel coronavirus, leading to the COVID- 19 pandemic, has had a profound and far-reaching impact on the global economy. It has resulted in reduced manufacturing activity, sluggish recovery in various sectors, and the possibility of decreased demand for water heating technologies. Nevertheless, the efforts taken by governments to restart operations in key industries, promote manufacturing, and invest in infrastructure development will contribute to the expansion of businesses in this sector.

Europe Combi Boiler Market Trends

The Europe boiler market has experienced robust growth owing to increasing stringency of emission regulations. The residential sector, a significant source of greenhouse gas emissions, has become a focal point for policymakers. Consequently, governments have implemented emission reduction goals and compliance standards to mitigate carbon emissions from households. Combi boilers, with their capacity to deliver both space heating and hot water while requiring minimal space, have seen an expanding presence within the residential heating sector.

Additionally, continuous advancements in technology to create modern heating facilities, combined with the ongoing replacement of traditional heating units with more cost-effective options, will contribute to the industry's growth. Furthermore, the rapid urbanization seen in emerging economies, in tandem with the increasing preference for sustainable solutions, will propel the growth of this sector.

Europe Combi Boiler Technology Market Analysis

Combi Boiler Market Size, By Technology, 2021 - 2032 (USD Billion)

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Based on technology, the condensing combi boiler market is set to grow at a rate of 5.8% through 2032. The introduction of rebates and other beneficial incentives by European Union member states is expected to drive increased demand for condensing combi boilers. These initiatives aim to promote the adoption of these boilers due to their advantageous features such as reduced environmental pollution, high efficiency, and cost-effective heating, making them a more attractive choice compared to other available alternatives.

Combi Boiler Market Revenue Share, By Fuel, 2022

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Based on fuel type, the gas fired boiler market holds a market share of 67.5% in 2022. The decreasing prices of natural gas, coupled with the continued uptake of sustainable technologies, will have a positive impact on the demand for natural gas-fired combi boilers. The ease of extracting natural gas and its operational safety provide strong justification for its use as a fuel source. Additionally, stringent emission regulations, supported by national goals to reduce carbon emissions across the region, will boost the Europe combi boiler market growth.

UK Combi Boiler Market Size, 2021 - 2032 (USD Billion)

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The UK combi boiler market was worth USD 3.8 billion in 2022. The business trend will be propelled by strong government investments in the promotion of energy-efficient heating systems and the ongoing advancement of modern facilities. Additionally, a growing movement towards embracing IoT-based technologies for hot water supply coupled with heightened endeavors to minimize energy usage, will further stimulate this trend. The industry's prospects will be influenced by rising disposable incomes and consumers' emphasis on adopting efficient facilities. Furthermore, the growing interest in integrating heating and hot water supply systems, along with favorable incentives and funding to encourage green infrastructure, will enhance the business environment.

Europe Combi Boiler Market Share

The major players operating in the Europe combi boiler market include:

  • Bosch Thermotechnology Ltd.
  • Ideal Boilers
  • Baxi
  • Rinnai Corporation
  • Thermodyne Boilers
  • Ariston Holding
  • Navien Inc.
  • Fonderie Sime S.p.A
  • Vaillant Group
  • A.O Smith
  • Weil-McLain
  • WOLF
  • Viessmann
  • HTP
  • Bradford White Corporation
  • Daikin
  • BDR Thermea Group

Company Market Share: Rinnai has a good presence in the heating and water heating market, and they are known for producing energy-efficient and high-quality combi boilers. Their products are used in residential and commercial applications to provide both space heating and hot water. Its series includes high-efficiency boilers designed to provide both heating and domestic hot water in a single unit while maximizing energy efficiency.

Europe Combi Boiler Market News

  • In January 2022, Bosch Thermotechnology launched innovative product solutions in AHR Expo 2022. The products include heat pumps, inverter ducted packaged systems, singular combi boiler series, Bosch connected controls systems such as BCC100, BCC50 & Greenstar boilers, Buderus SSB with low loss header, and Greentherm 9000. In addition, Bosch aims to extend its accessibility to boost connectivity and high-quality systems.
  • In May 2021, Bosch Thermotechnology unveiled its singular series combi boiler for catering to hot water requirements and optimal comfort in one simple solution. The company’s singular series combi boiler comprises Singular 4000 and Singular 5200, providing 4 and 5.2 gallons of hot water per minute, respectively. This will provide customers the ability to manage multiple showers and hot water applications. Furthermore, this series features 95% AFUE rating & up to 10:1 turndown ratio, dual stainless steel heat exchangers, and four-digit displays.

This Europe combi 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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By Fuel

  • Natural Gas
  • Oil
  • Others

By Technology

  • Condensing
  • Non-Condensing

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


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation for combi boiler in Europe was worth USD 18.3 billion in 2022 and is estimated to surpass USD 30.7 billion by 2032, due to higher usage in residential homes and smaller commercial buildings.

Europe condensing combi boiler market size is set to grow at 5.8% growth rate from 2023 to 2032, owing to the introduction of rebates and other beneficial incentives.

U.K. combi boiler industry size crossed USD 3.8 billion in 2022, driven by strong government investments for the promotion of energy-efficient heating systems and the ongoing advancement of modern facilities.

Bosch Thermotechnology Ltd., Ideal Boilers, Baxi, Rinnai Corporation, and Thermodyne Boilers among others.

Europe Combi Boiler Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 344
  • Countries covered: 18
  • Pages: 125
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