Market Overview:
The global home boilers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient boilers across the globe. In addition, the growing awareness about environment-friendly heating systems is also propelling the growth of this market. The global home boilers market can be segmented on the basis of type into non-condensing and condensing boilers. The condensing boiler segment is expected to grow at a higher CAGR as compared to non-condensing boiler segment during the forecast period from 2018 to 2030 owing to its high efficiency and low emissions levels. On the basis of application, apartment accounted for majority share in 2017.
Product Definition:
A home boiler is a heating system that heats water which is then circulated through the house in pipes to provide heat. Home boilers are typically powered by natural gas, propane, or oil.
Non-condensing Boilers:
Non-condensing boilers are used to generate steam for household and commercial purposes. They are also known as standby or storage heat boilers, they do not produce enough pressure for a full scale heating system but can be used in conjunction with one.
The global non-condensing boiler’s market was valued at USD 2,500 million in 2012.
Condensing Boilers:
Condensing boilers are used in the home boilers market to provide heat and energy for cooking, heating water, making steam and hot drinks. These are small-sized boiler appliances that use a simple on/off switch control system to operate. Condensing boilers can be attached with direct electric current or with natural gas connections. The heat produced by these devices is used for various household applications like drying clothes, warming up baby’s bottle and feeding baby etc.
Application Insights:
The house application segment accounted for the largest share of over 70.0% in 2017. The increasing number of single-family houses in developed countries including Germany, U.K., and France is expected to remain a favorable factor for the market growth over the forecast period. In addition, an increase in disposable income among households across various regions is anticipated to further fuel product demand from 2018 to 2030.
The apartment application segment is expected to witness significant growth owing to rising awareness about energy efficiency and environmental protection among consumers, coupled with government initiatives promoting these products as an effective solution for space heating applications within buildings or complexes (wohnturms). Furthermore, manufacturers are entering into partnerships with local authorities or housing providers who install/service boilers at subsidized costs; this arrangement benefits both parties by reducing electricity bills while providing reliable heat source at affordable prices (for apartments). Such trends are likely drive home boilers demand from 2018 to 2030 positively.
Regional Analysis:
Asia Pacific dominated the global home boilers market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing awareness regarding energy conservation and environmental protection, coupled with rising disposable income of consumers. Furthermore, government initiatives promoting low-cost housing loans are anticipated to boost construction activities in this region, thereby driving product demand.
North America accounted for a significant share of the overall revenue in 2017 due to high consumer awareness regarding energy consumption and environmental effects associated with fossil fuels such as coal and petroleum gas used for heating purposes. Rising concerns about carbon footprints have led North Americans towards alternative sources of energy generation that do not involve any emission into environment, which is further likely to increase adoption rates of home boilers over the coming years.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for energy-efficient appliances is expected to grow at a CAGR of more than 9% during the forecast period. This is owing to the increasing awareness about the benefits of using energy-efficient appliances, such as home boilers.
- Rising demand from developing countries: The developing countries are expected to account for the majority of the growth in the global home boilers market during the forecast period. This is due to their growing population and rising income levels, which are resulting in an increase in demand for residential buildings and related infrastructure development projects.
- Technological advancements: Home boiler manufacturers are constantly innovating and introducing new technologies that improve performance and efficiency, while reducing emissions levels. This is helping to drive growth in this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Boilers Market Research Report
By Type
Non-condensing Boilers, Condensing Boilers
By Application
Apartment, House
By Companies
Bosch, Viessmann, Vaillant, Ideal Boilers, Baxi, Vokèra, Rheem, U.S. Boiler Company, Navien, Ariston, Biasi, Slant/Fin, Lennox, Crown
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Home Boilers Market Report Segments:
The global Home Boilers market is segmented on the basis of:
Types
Non-condensing Boilers, Condensing Boilers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Apartment, House
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Viessmann
- Vaillant
- Ideal Boilers
- Baxi
- Vokèra
- Rheem
- U.S. Boiler Company
- Navien
- Ariston
- Biasi
- Slant/Fin
- Lennox
- Crown
Highlights of The Home Boilers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-condensing Boilers
- Condensing Boilers
- By Application:
- Apartment
- House
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Boilers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home boilers are a type of water heater that uses the natural heat of your home to generate hot water. They're a great choice for people who want to save energy and money on their heating bills.
Some of the major companies in the home boilers market are Bosch, Viessmann, Vaillant, Ideal Boilers, Baxi, Vok¨ra, Rheem, U.S. Boiler Company, Navien, Ariston, Biasi, Slant/Fin, Lennox, Crown.
The home boilers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Boilers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Boilers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Boilers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Boilers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Boilers Market Size & Forecast, 2020-2028
4.5.1 Home Boilers Market Size and Y-o-Y Growth
4.5.2 Home Boilers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Non-condensing Boilers
5.2.2 Condensing Boilers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Apartment
6.2.2 House
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Boilers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Boilers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Non-condensing Boilers
9.6.2 Condensing Boilers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Apartment
9.10.2 House
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Non-condensing Boilers
10.6.2 Condensing Boilers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Apartment
10.10.2 House
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Non-condensing Boilers
11.6.2 Condensing Boilers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Apartment
11.10.2 House
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Non-condensing Boilers
12.6.2 Condensing Boilers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Apartment
12.10.2 House
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Non-condensing Boilers
13.6.2 Condensing Boilers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Apartment
13.10.2 House
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Boilers Market: Competitive Dashboard
14.2 Global Home Boilers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Viessmann
14.3.3 Vaillant
14.3.4 Ideal Boilers
14.3.5 Baxi
14.3.6 Vokèra
14.3.7 Rheem
14.3.8 U.S. Boiler Company
14.3.9 Navien
14.3.10 Ariston
14.3.11 Biasi
14.3.12 Slant/Fin
14.3.13 Lennox
14.3.14 Crown
