Combi Boiler Market Opportunities and Strategies to Boost Growth, Revenue & Trends 2031
Research Nester published a report titled “Combi Boiler Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global combi boiler market in terms of market segmentation by technology, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global combi boiler market is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The market is bifurcated on the basis of end-user into residential, and non-residential, out of which, the residential segment is anticipated to hold the notable share over the forecast period.
This can be attributed to the higher demand for both, water heaters, and central heating systems amongst the residential end-users. Moreover, growing environment awareness amongst the people, as well as the lower overall cost of combi boilers are estimated to boost the segment growth.
The global combi boiler market is anticipated to grow on the back of dual application of combi boilers. Combi boilers are combined water and central heating systems, which are compact in size, and save significant amount of energy. Moreover, these are cost-effective and save space, which is further expected to boost the market growth. Moreover, growing adoption of efficient heating systems amongst the urban population, along with the growing urban population, is estimated to boost the market growth.
On the basis of geographical analysis, the global combi boiler market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period, owing to the high demand for energy efficient heating systems in the region. Moreover, growing urban population in countries, such as, Japan, and China, is further projected to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Global Urban Population to Boost the Market Growth
According to the World Bank data, 56.156% of the global population lived in urban settlements in 2020.
The high demand for combi boilers in the urban regions, supported by the growing urban population is estimated to boost the market growth. Moreover, higher environment awareness, and disposable income of the people living in urban areas, is further estimated to boost the market growth.
However, high competition from alternative sources, and low awareness amongst the people are expected to operate as key restraint to the growth of global combi boiler market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global combi boiler market which includes company profiling of Hoval Corp., Daikin Industries, Ltd., Haier Electronics Group Co., Ltd., Noritz Corporation, Rinnai Corp., BDR Thermea Group, A.O. Smith Corporation, Ferroli S.p.A., and Vaillant Group.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global combi boiler market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
