Residential Boilers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Residential boilers are used for heating water for various purposes. The source of heat for a boiler is combustion of any of the fuels such as wood, coal, oil, or natural gas. Residential boilers transfer the heat to water which circulates through the radiators for heating purpose. Efforts are taken toward reducing the emission of harmful gases and improving the air quality through the use of residential boilers.
The residential boilers market can be segmented based on product, technology, and region. In terms of product type, the residential boilers market can be classified into fire tube residential boilers, water tube residential boilers, and electrical residential boilers. Fire tube boilers comprise a series of straight tubes which are housed in the interior part of a water-filled outer-shell. Water tube boilers are manufactured and assembled as such that they circulate hot combustible gases around the outer area of large number of water-filled tubes. Electrical residential boilers use electricity as the prime source of energy for heating water. In terms of technology, residential boilers are divided into condensing and non-condensing boilers. Condensing residential boilers are fueled by oil or gas to heat water with better efficiency. Non-condensing residential boilers are the traditional boilers which use the waste heat in flue gas to preheat the cold water entering the boiler. Residential boilers are used primarily in residential constructions. However, they are also used in the commercial and industrial segments. Residential boilers find their usage in the cold countries for the purpose of heating water.
Advantages of residential boilers are that they are eco-friendly in nature and help in curbing environmental pollution. High quality of heat is generated for the residential boilers which helps in saving electricity. New technologies and various products are emerging to further develop and reduce the costs of residential boilers. Maximum thermal efficiency is obtained with the help of residential condensing boilers. Subsidies are granted by the government for the installation of residential boilers in order to curtail pollution.
High production cost of boilers is a major restraint of the residential boilers market. Furthermore, maintenance and installation of boilers is complex which needs to be tackled. Large diameters of cylinders are required to install residential boilers. The heat emitting from the radiators of the residential boilers is hot to bear.
In terms of geography, the residential boilers market in countries in Asia Pacific such as India, China, and Japan has witnessed significant growth due to concerns about environment pollution and rise in demand for electricity. North America is the emerging market for residential boilers due to significant growth in the industrial sector and efforts toward reducing emissions in the region. In Europe, countries such as the U.K., Germany, and France have promoted the usage of residential boilers owing to industrial advancement and move toward curbing harmful gases and environmental pollution. Furthermore, countries in Latin America such as Brazil and Mexico have considerably increased the demand for residential boilers. Countries in Africa such as South Africa and Angola are projected to offer lucrative opportunities for the residential boiler market in the next few years as efforts are being taken toward reducing emissions.
Notable key players in residential boiler market are Thermax, Bosch, Baxi, Parker Boiler, and Suadi Boilers.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.