SELLBYVILLE, Del., July 17, 2018
/PRNewswire-iReach/ -- The Europe Residential Boiler Market is
projected to cross USD 6 Billion by
2024, as reported in the latest study by Global Market Insights,
Inc. Europe residential boiler
market is set to witness strong growth on account of increasing
demand for space heating coupled with focus toward resource
optimization and limiting carbon footprint. In line with global
initiative to minimize CO2 emissions, the European Union in 2015,
introduced Eco-design Directive pertaining to solid fuel boilers
with an aim to minimize the negative environmental impact of GHG
emissions.
In 2017, Germany accounted for
over 10% of Europe residential
boiler market share. Upgradation and expansion of existing
residential facilities along with shifting trend from traditional
to green infrastructure will drive the product deployment. For
instance, in 2013 German Energy Saving Ordinance (EnEV) was amended
that lays down the energy performance requirements for existing and
new buildings. Rising consumer awareness toward installation of
energy efficient heating systems along with robust gas supply
infrastructure are some of the key factors which will further drive
the business growth.
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Gas fired residential boiler market will witness robust growth
on account of expanding gas infrastructure coupled with ongoing
shift toward deployment of energy efficient heating systems.
Natural gas is one of the primary fuels consumed by residential
sector to meet growing heating needs. For instance, as per European
Commission, 37% of energy consumed in the residential sector was
fueled by natural gas. Ongoing investment toward expansion of
existing gas supply networks and declining fuel prices will further
augment the business growth.
Condensing residential boiler market is anticipated to expand
over 2% by 2024. Stringent government mandate to curb carbon
emissions from residential establishments along with rising
awareness toward energy efficient heating systems will drive the
industry growth Ongoing investments toward construction sector
along with rising culture of nuclear families will further fuel the
industry growth. For instance, according to European Commission in
2017, single family households accounted for over 30% of the
residential establishments.
Browse key industry insights spread across 320 pages with 534
market data tables & 30 figures & charts from the report,
"Europe Residential Boiler Market" in detail along with the
table of contents:
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France residential boiler
market was valued over USD 600
million in 2017. Resurgent economic growth post 2008
recession has resulted in an increased demand for HVAC equipment
including residential boilers. Growing migrant population and
subsequent increase in residential establishments will drive the
product demand.
Water-tube residential boiler market is predicted to
witness gains over 2% by 2024. Increasing deployment of underfloor
heating units along with the product's abilities including high
pressure handling, quick response and low radiation losses will
increase their adoption across the industry landscape.
Key participants of the Europe residential boiler market comprise
NIBE, BDR, Viessmann, Hoval, Groupe Atlantic, Immergas, Bosch,
Ariston, Daikin, Siemens, Weishaupt, Navien, Fondital, Vaillant,
Lennox, ACV, Wolf, Ferroli, amongst others.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our
business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research
methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and
biotechnology.
Media Contact: Jignesh
Thakkar, Global Market Insights, Inc., +13028467766,
sales@gminsights.com
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SOURCE Global Market Insights, Inc.