Market Overview:
The Global Space Heating 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 space heating boilers from commercial and residential applications across the globe. In addition, the growing awareness about energy-efficient space heating solutions is also propelling the growth of this market. Non-condensing boilers are expected to dominate the global space heating boilers market in terms of revenue share during 2018-2030. This can be attributed to their low cost as compared to condensing boilers and their ability to heat large spaces quickly.
Product Definition:
Space heating boilers are a type of boiler used to provide heat to a building or other structure. They are typically fired by natural gas, but can also be fired by oil or propane. Space heating boilers are important because they provide a way to heat buildings and other structures during the winter months.
Non-condensing Boilers:
Non-condensing boilers are used to generate steam for space heating. They are also referred to as storage or secondary heat exchangers. The boiler is made up of several components including a combustion chamber, super-heat interconnects, re-heater, feed & circulating pumps and a pressure vessel. These components work together to transfer heat from the combustion process to the system area where it can be utilized for space heating purposes by means of radiators or convectors.
Condensing Boilers:
Condensing boilers are used in space heating boilers to provide heat energy for residential and commercial buildings. They are also referred to as cold-air or indirect fired boilers. Condensing boiler is a closed system which helps in saving the fuel cost by avoiding the combustion of unneeded fuel and air into the furnace during cooling down process.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017. The demand for space heating boilers in the commercial sector is expected to witness growth on account of growing construction activities and rising expenditure by various industries on energy efficiency measures, which will result in increased boiler installations.
The residential application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing urbanization and rising disposable income among consumers, especially in developing countries including China, India and Brazil where electricity rates are high, will drive the product demand over the forecast period.
In addition, government initiatives such as Feed-in Tariffs (FiT) program offered by U.S.
Regional Analysis:
Asia Pacific dominated the global space heating boilers market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, especially in China, which makes it an attractive regional market for space heating boilers. However, with increasing competition among manufacturers due to entry of new players and expansion of product portfolio by existing companies is expected to challenge the dominance of regional industry participants over the next eight years.
The European region accounted for a significant share owing to high demand from residential application segment coupled with growing commercial sector mainly due to infrastructural developments across countries such as Turkey and Russia are anticipated boost growth in this region.
Growth Factors:
- Increasing demand for space heating boilers from the commercial sector as a result of growing construction and renovation activities
- Rising popularity of condensing technology, which helps improve energy efficiency and reduce greenhouse gas emissions
- Growing awareness about the benefits of space heating boilers among consumers, leading to an increase in demand for these products
- Proliferation of smart home technologies that allow users to control their heating systems remotely using smartphones or other devices
- Increasing focus on energy conservation by governments and utilities providers, which is likely to spur demand for more efficient space heating boilers
Scope Of The Report
Report Attributes
Report Details
Report Title
Space Heating Boilers Market Research Report
By Type
Non-condensing Boilers, Condensing Boilers
By Application
Commercial, Residential
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Space Heating Boilers Market Report Segments:
The global Space Heating 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
Commercial, Residential
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 Space Heating 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:
- Commercial
- Residential
- 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 Space Heating 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
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- Consumer Insights
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- Product & Brand Management
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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?
Space heating boilers are used to heat spaces in buildings, such as apartments and offices. They use a variety of fuels, including natural gas, propane, or oil. Space heating boilers can be either electric or gas-fired.
Some of the major players in the space heating boilers market are Bosch, Viessmann, Vaillant, Ideal Boilers, Baxi, Vok¨ra, Rheem, U.S. Boiler Company, Navien, Ariston, Biasi, Slant/Fin, Lennox, Crown.
The space heating 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 Space Heating 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 Space Heating Boilers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Space Heating 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 Space Heating 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 Space Heating Boilers Market Size & Forecast, 2020-2028
4.5.1 Space Heating Boilers Market Size and Y-o-Y Growth
4.5.2 Space Heating 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 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Space Heating 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 Space Heating 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 Commercial
9.10.2 Residential
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 Commercial
10.10.2 Residential
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 Commercial
11.10.2 Residential
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 Commercial
12.10.2 Residential
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 Commercial
13.10.2 Residential
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 Space Heating Boilers Market: Competitive Dashboard
14.2 Global Space Heating 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
