The global residential boiler market revenue was around US$ 7.9 billion in 2022 and is estimated to reach US$ 12.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2031.
Residential boiler is the kind of heating equipment that develops heat for space heating and water heating applications. It can be utilized in commercial applications by raising its capacity. Residential boiler systems are hot water boiler systems. Natural gas is the main utilized fuel in residential boilers.
Market Driving Factors
The increasing emphasis on energy-efficient products propels the market growth. This is generally owing to the residential boilers that run on natural gas becoming more famous among private households due to the enhanced government policy and natural gas supply. As a result, lower fuel prices and favorable government initiatives are encouraging the usage of fuels with less carbon emissions. Moreover, the preference for eco-friendly fuel sources which include solar-powered home boilers, biogas, and electricity-based residential boilers is rising. Thus, the sales of residential boilers are estimated to increase in the upcoming decade with surging legislation and policies on less carbon-emission fuels.
The growing emphasis on sustainability and the utilization of renewable energy sources creates a positive impact on the market. This is because manufacturers are creating hybrid systems that may be combined with solar and geothermal energy, as well as biomass boilers, in an attempt to cater to environmentally conscious customers.
Innovations in boiler technology, including condensing boiler development, IoT integration, and smart thermostats are boosting the market growth. This is because modern boilers are becoming more attractive to homeowners owing to these advances that raise efficiency, lower energy consumption, and enhance user convenience.
High prices associated with production & installation are estimated to hinder the market growth.
Regional Analysis
Europe dominated the market in terms of the largest shares and is estimated to continue its dominance. This can be attributed to different factors such as the existence of a huge customer base and the presence of major players in the region. Furthermore, cold weather and climatic changes in the region are predicted to fuel the market growth in the region.
Asia-Pacific dominates the market in terms of the highest revenue. This is owing to the economies, such as India, China, South Korea, Australia, and Japan making efforts to lower greenhouse gas emissions, surging investment toward green buildings, and adopting efficient heating products.
Segmentation Insights
Type Insight
The fire tube segment is the fastest-growing segment during the projection period. This is mainly due to the surge in demand for boilers owing to an increase in disposable income, volatile climatic situations, and others.
Technology Insight
The condensing segment is estimated to dominate the market in terms of the shares. This is because increase in demand for boilers from water heating and space heating applications.
Fuel Type Insight
Gas fired segment dominated the market in terms of revenue and is estimated to maintain its dominance. This can be majorly attributed to the increase in demand for space heating and hot water coupled with strict government rules toward lowering carbon emissions.
Prominent Companies
Segmentation Outline
The global residential boiler market segmentation focuses on Type, Technology, Fuel Type, and Region.
By Type
By Technology
By Fuel Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL RESIDENTIAL BOILER MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: RESIDENTIAL BOILER MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL RESIDENTIAL BOILER MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL RESIDENTIAL BOILER MARKET, BY TYPE
5.1 OVERVIEW
5.2 WATER TUBE
5.3 FIRE TUBE
5.4 ELECTRIC
6 GLOBAL RESIDENTIAL BOILER MARKET, BY TECHNOLOGY
6.1 OVERVIEW
6.2 CONDENSING
6.3 NON-CONDENSING
7 GLOBAL RESIDENTIAL BOILER MARKET, BY FUEL TYPE
7.1 OVERVIEW
7.2 COAL FIRED
7.3 OIL FIRED
7.4 GAS FIRED
7.5 OTHERS
8 GLOBAL RESIDENTIAL BOILER MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL RESIDENTIAL BOILER MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 NORITZ CORPORATION
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 ARISTON THERMO S.P.A
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 FERROLI S.P.A
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 BURNHAM HOLDINGS
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 LENNOX INTERNATIONAL
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 SLANT/FIN CORPORATION
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 SPX CORPORATION
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 ROBERT BOSCH GMBH
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 BRADFORD WHITE CORPORATION
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 VIESSMANN MANUFACTURING COMPANY INC.
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved