The global demand for Combi Boiler Market is presumed to reach the market size of nearly USD 36.33 MN by 2028 from USD 24 MN in 2021 with a CAGR of 6.1% under the study period 2022 - 2028.
A combination boiler or a ""combi boiler"" is a heating system that can provide hot water and heat to multiple residential premises. A combi boiler combines the operations of a water heater and a central heating boiler to condense excess energy that would otherwise be dissipated in the environment. It redirected the energy to the central heating system. A combi boiler is often more than 90% efficient, making it eco-friendly because it decreases the carbon footprint. A flue gas heat recovery system is built inside a combi boiler. Flue gases are produced inexorably throughout the functioning of any boiler. The heat from the flue gases is recycled by the combi boiler and used to pre-heat the freshwater when it enters the boiler from the mains. This implies that the boiler does not have to work as hard to heat the water, requiring less energy. Combi boilers also have a condensing pipe that allows condensed vapour to drain away while the boiler is operating.
Market Dynamics
Key elements driving demand for combi boilers are a cost-effective heating system, space savings (due to the lack of additional cumbersome equipment such as a hot water cylinder or cold tanks), compact size, and improved efficiency. As a result, combi boilers are quickly becoming a popular heating solution worldwide. Furthermore, strict government regulations governing greenhouse gas (GHG) emissions, mainly in residential settings, are likely to fuel the global market. The global combi boilers market is anticipated to be propelled by expanding urbanisation and the increased need for efficient heating systems. Rising demand for retrofitting existing residential premises and the presence of expanding economies in the Asia Pacific are expected to drive growth in the combi boilers market in the near future. Nevertheless, space availability management and temperature and pressure limits due to material strength in the boiler may stymie industry expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of combi boiler. The growth and trends of combi boiler industry provide a holistic approach to this study.
Market Segmentation
This section of the combi boiler market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Below 35 Kw
- 35-70 Kw
- Above 70 Kw
By Application
- Natural Gas
- Oil
- Industrial
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Combi Boiler market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Combi Boiler Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the combi boiler market include BDR Thermea Group, Daikin, Hoval, HTP, Viessmann, Fondital, Immergas S.p.A., Wolf, Ferroli, A. O. Smith Corporation, Vaillant Group, ACV,, KyungDong Navien, SIME, Ariston Thermo Group, Groupe Atlantic, Bosch Thermotechnology, ELNUR, Vokera, ideal BOILERS, Haier, Vanward, Midea, Rinnai Corporation, SAKURA CORPORATION. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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