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  • Combi Boiler Market Forecast | 2023-2028

    Combi Boiler Market Forecast | 2023-2028

    Combi Boiler Market Forecast | 2023-2028
    Report code - SR2011 Delivery - 2 Weeks
    Combi Boiler Market Size, Share, Forecast, Industry, and Growth Analysis (2023-2028)
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    Market Insights

    Combi Boiler Market is expected to grow from USD 23.07 billion in 2022 to USD 31.36 billion by 2028 at a healthy CAGR of 5.2% during the forecast period of 2023-2028.

    Combi Boiler Market Size

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    What is combi boiler?

    A combi boiler is a type of boiler that provides both hot water and central heating in the same system. It has several advantages, such as high efficiency, compact size, ease of installation, and the ability to provide hot water on demand.

    It has an average shelf life of 15-20 years, depending on factors such as operating conditions, fuel usage, and maintenance.

    Combi Boiler Market Report Highlights

    Market Size in 2022

    US$ 23.07 Billion

    Market Size in 2028

    US$ 31.36 Billion

    Market Growth by 2023-2028

    CAGR of 5.2%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Dominant Region

    North America is estimated to dominate the combi boiler market.

    Market Drivers

    The prime factors that are driving the market are –

    Rising demand for energy-efficient solutions – Rather than heating water and storing it in another tank, combi boilers instantly heat water on demand, which saves energy and cuts utility bills. Such energy-efficient solutions hence are gaining traction.

    Need for space-saving solutions – In properties with limited space, combi boilers fit in perfectly since they are compact. This makes combi boilers suitable and in demand for a wide range of residential and commercial places.

    Government regulations to save energy – Governments across the world are promoting sustainability and are introducing regulations to save energy. Combi boilers are proven to be energy-efficient solutions, and hence, the global market for combi boilers is expected to grow in the coming years.

    Advanced technologies like connected controls – The demand for combi boilers are set to rise due to rapid advancements like remote monitoring and connected controls. Such appealing technologies aid in the comfort of consumers.

    Combi Boiler Market Snapshot

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    Key Players

    Some of the major players in the market are-

    Market Segments Analysis

    By Fuel Type

    The market is segmented into natural gas, oil, and others. 

    Oil is estimated to account for the major share of the market, during the forecast period, owing to the shifting focus toward the installation of sustainable technologies and the presence of robust supply networks in developed and emerging economies.

    By Technology Type

    The market is bifurcated into condensing and non-condensing.

     Condensing Technology is estimated to register higher growth in the market because of the stringent environmental regulations aimed at reducing harmful GHG emissions and promoting low-emission technologies, fuelling the overall industry growth during the forecast period.

    By Region

    North America is estimated to dominate the combi boiler market during the forecast period.

    Factors such as increasing replacement rates for traditional heating systems and the growing demand for energy-efficient space and water heating systems are some of the key factors fueling the growth of the North American combi boiler market during the forecast period.

    Combi Boiler Market by Region

    To know which region offers the best growth opportunities, Click Here.

    The market is segmented into the following categories. 

    By Fuel Type

    • Natural Gas
    • Oil
    • Others

    By Technology Type

    • Condensing
    • Non-Condensing

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s combi boiler market realities and future market possibilities for the forecast period of 2023 to 2028.

    The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    Report – Features

    Market Segmentation

    03

    Regions Covered

    04

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >120

    Company Profiles

    10

     

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: 

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    A combi boiler is a type of boiler that provides both hot water and central heating in the same system. It has several advantages, such as high efficiency, compact size, ease of installation, and the ability to provide hot water on demand. It has an average shelf life of 15-20 years, depending on factors such as operating conditions, fuel usage, and maintenance.

    The combi boiler market is expected to grow from USD 23.07 Bn in 2022 to USD 31.36 Bn by 2028.

    The market is expected to grow at a CAGR of 5.2 % during the forecast period.

    1. Rising demand for energy-efficient solutions Rather than heating water and storing it in another tank, combi boilers instantly heat water on demand, which saves energy and cuts utility bills. Such energy-efficient solutions hence are gaining traction. 2. Need for space-saving solutions In properties with limited space, combi boilers fit in perfectly since they are compact. This makes combi boilers suitable and in demand for a wide range of residential and commercial places. 3. Government regulations to save energy Governments across the world are promoting sustainability and are introducing regulations to save energy. Combi boilers are proven to be energy-efficient solutions, and hence, the global market for combi boilers is expected to grow in the coming years. 4. Advanced technologies like connected controls The demand for combi boilers are set to rise due to rapid advancements like remote monitoring and connected controls. Such appealing technologies aid in the comfort of consumers.

    Some of the major players in the market are- A. O. Smith Corporation, BDR Thermea Group, Bosch Thermotechnology, Daikin, Ferroli S.P.A., Fondital S.P.A., Hoval, Vaillant Group, Viessmann, and Wolf GmbH.

    North America is estimated to dominate the combi boiler market during the forecast period.