Market Overview:
The global residential combi 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 heating systems, rising awareness about environment-friendly solutions, and growing construction activities across the globe. Based on type, the global residential combi boilers market is segmented into non-condensing boilers and condensing boilers. The non-condensing boiler segment is projected to account for a larger share of the global market in 2018 owing to its low installation and maintenance costs as compared to condensing boilers. However, with technological advancements being made in the field of condensing boiler technology, this segment is expected to witness high growth during the forecast period. Based on application, the global residential combi boilers market is divided into apartment buildings and houses/single family units.
Product Definition:
A combi boiler is a water heater and central heating system in one. It is a type of boiler that heats water on demand, meaning there’s no need to have a hot water cylinder. This means you can save space in your home because you don’t need to have an additional hot water tank. Combi boilers are also ideal for small homes, flats and apartments because they take up very little room.
Non-condensing Boilers:
Non-condensing boilers are used in combi boilers to provide heat and electricity. They are mainly used where the boiler is located outside the main building or house. These systems can be single phase or three-phase, depending on local regulations and consumer demand.
Condensing Boilers:
Condensing boilers are used in combi boilers to provide heat and steam for the household. These are small sized boiler which can be fit into a range or kitchen cupboard. It is an easy way to generate heat and steam for cooking, cleaning, bathing and other domestic activities without any hassles of open fireplaces or large scale heating systems.
Application Insights:
The apartment application segment accounted for the largest share of over 60.0% in 2017. Combination boiler is considered as a perfect solution for small space heating applications, where a large number of small apartments are heated using a single system. These residential boilers provide efficient heat output at lower costs and with greater ease of installation as compared to standard boilers. The product has been gaining popularity due to its ability to reduce carbon footprint by reducing the usage of energy on multiple systems, thereby promoting environment-friendly products across the globe especially in North America and Europe regions.
House application segment is expected to expand at fastest CAGR during forecast period owing to rising disposable income among consumers coupled with increasing need for heating equipment in households particularly in Asia Pacific and Middle East & Africa regions due largely from growing population along with increasing urbanization trends which promote demand over the projected period horizon (2018-2030).
Regional Analysis:
Europe dominated the global residential combi boilers market in 2017 owing to rising demand for condensing and non-condensing models. The region is expected to witness significant growth over the forecast period due to increasing consumer preference for convenient heating solutions. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of rapid urbanization, growing population, and rising disposable income levels in emerging economies such as China and India. In addition, favorable government initiatives aimed at improving energy infrastructure are also likely boost product demand over the next eight years.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for residential combi boilers is expected to grow at a CAGR of more than 5% during the forecast period. This can be attributed to the increasing demand for energy-efficient appliances, especially in developed countries.
- Rising awareness about environment-friendly products: There is a growing awareness among consumers about the benefits of using environment-friendly products such as residential combi boilers. This is likely to boost the growth of this market in the coming years.
- Growing popularity of condensing technology: Residential combi boilers that use condensing technology are becoming increasingly popular due to their high efficiency levels and low emissions levels. This is likely to drive the growth of this market in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Combi 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Residential Combi Boilers Market Report Segments:
The global Residential Combi 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 Residential Combi 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 Residential Combi 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
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- Consumer Insights
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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?
Residential combi boilers are a type of boiler that combines the features of both central heating and hot water systems. They are designed to provide both heating and hot water for a single residence, typically in an apartment or condo building. Combi boilers operate using either natural gas or propane as their fuel source, and they typically have two heat outputs: one for heating purposes, and one for producing hot water.
Some of the key players operating in the residential combi boilers market are Bosch, Viessmann, Vaillant, Ideal Boilers, Baxi, Vok¨ra, Rheem, U.S. Boiler Company, Navien, Ariston, Biasi, Slant/Fin, Lennox, Crown.
The residential combi 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 Residential Combi 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 Residential Combi Boilers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Combi 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 Residential Combi 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 Residential Combi Boilers Market Size & Forecast, 2020-2028
4.5.1 Residential Combi Boilers Market Size and Y-o-Y Growth
4.5.2 Residential Combi 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 Residential Combi 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 Residential Combi 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 Residential Combi Boilers Market: Competitive Dashboard
14.2 Global Residential Combi 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
