Global Residential Boiler

Global Residential Boiler Market Research Report: Forecast (2022-27)

By Fuel Type (Natural Gas, Oil), By Product Type (Water Tube, Fire Tube, Electric), By Technology (Condensing, Non-Condensing), By Region (North America, South America, Europe, Middle East & Africa, A Read more

  • Environment
  • Jul 2022
  • 201
  • ET10227

Market Definition

Residential boilers are heating devices deriving combustion from fuels like oil, natural gas, wood, & even coal to produce heat to be transferred to radiators and facilitate a complete heating process. These boilers are also used extensively for applications like improving the air quality, yet find most utilization in the residential sector for personal uses. The demand for residential boilers is increasing worldwide owing to their capability to reduce the production of pollutants & emissions and produce a higher quality of heat with minimum energy consumption.

Market Insights

The Global Residential Boiler Market is expected to register a CAGR of around 5.7% during the forecast period, i.e., 2022-2027. The growth of the market is likely to be driven primarily by the growing inclination of people toward adopting energy-efficient boilers at residential complexes to attain a flow of hot water or steam and easy access to warm water while reducing energy consumption & carbon emissions. Besides, the mounting focus of governments of different countries worldwide on curbing emissions and bringing better technology to these boilers to address various environmental issues is also driving the installation of residential boilers globally.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 5.7%
Regions Covered North America: The US, Canada, Mexico
South America: Brazil, Rest of South America
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific
Middle East & Africa: GCC, South Africa, Rest of Middle East and Africa
Key Companies Profiled AO Smith Corporation, Ariston Holding NV, Bradford White Corporation, Burnham Holdings Inc., Daikin Industries Ltd., Ferroli S.p.A, Lennox International Inc., Noritz Corporation, Robert Bosch GmbH, Slant/Fin Corporation, SPX Corporation, Viessmann, Weil-McLain, Others, Disclaimer
Unit Denominations USD Million/Billion

 

Moreover, the active participation of the leading players in several research & development activities and strategic mergers & acquisitions, collaborations, & partnerships, among others, are also positively influencing the expansion of the Global Residential Boiler Market, thereby enabling the players to attain a competitive edge during the forecast period.

However, this projected market growth is not without challenges. The industry might witness hindrance in its expansion owing to the considerably high installation & maintenance costs of residential boilers, coupled with the fact that households & societies are seeking sustainable alternatives and investing in renewable energy sources. 

Nevertheless, the leading players are viewing it as an opportunity to utilize renewable energy resources and integrate them into residential boilers to generate optimistic prospects for the Global Residential Boiler Market in the years ahead.

Impact of Covid-19 on the Global Residential Boiler Market

Like any other industry, the Global Residential Boiler Market also witnessed significant impacts of the Covid-19 pandemic in 2020. The worldwide lockdowns & movement restrictions obstructed the flow of goods & people across borders & temporarily dampened the import & export dynamics of international trade. Besides, with supply chain disruptions & financial fluctuations, the demand for residential boilers observed a notable decline and negatively influenced the overall growth of the global market.

However, with the gradual decline in the number of Covid-19 cases, governments of different countries uplifted the restrictions & allowed the recommencement of industries as usual. It, in turn, allowed all operations associated with the functioning of the residential boiler market to cater to the burgeoning consumer requirements worldwide. As a result, the market players indulged themselves in bringing innovations and increasing their production & distribution capabilities to lead the market toward quick recovery.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition
  2. Executive Summary
  3. Impact of Covid-19 on Global Residential Boiler Market
  4. Global Residential Boiler Market Regulations & Policy
  5. Global Residential Boiler Market Trends & Insights
  6. Global Residential Boiler Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Residential Boiler Market Hotspots & Opportunities
  8. Global Residential Boiler Market Value Chain Analysis
  9. Global Residential Boiler Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Fuel Type
        1. Natural Gas
        2. Oil
      2. By Product Type
        1. Water Tube
        2. Fire Tube
        3. Electric
      3. By Technology
        1. Condensing
        2. Non-condensing
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  10. North America Residential Boiler Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Product Type
      3. By Technology
      4. By Country
        1. The U.S.
        2. Canada
        3. Mexico
  11. South America Residential Boiler Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Product Type
      3. By Technology
      4. By Country
        1. Brazil
        2. Rest of South America
  12. Europe Residential Boiler Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Product Type
      3. By Technology
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
  13. Middle East & Africa Residential Boiler Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Product Type
      3. By Technology
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  14. Asia-Pacific Residential Boiler Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Fuel Type
      2. By Product Type
      3. By Technology
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia-Pacific
  15. Global Residential Boiler Market Key Strategic Imperatives for Success and Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. AO Smith Corporation
      2. Ariston Holding NV
      3. Bradford White Corporation
      4. Burnham Holdings Inc.
      5. Daikin Industries Ltd.
      6. Ferroli S.p.A
      7. Lennox International Inc.
      8. Noritz Corporation
      9. Robert Bosch GmbH
      10. Slant/Fin Corporation
      11. SPX Corporation
      12. Viessmann
      13. Weil-McLain
      14. Others
  17. Disclaimer
residential-boiler-market-segmentation
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