Global Residential Boiler Market trends research and projections for 2017 – 2024

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Global Residential Boiler Market trends research
and projections for 2017 2024
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Global Market Scenario of Residential Boiler
Industry

• Ongoing investments toward residential
  construction coupled with growing demand for
  efficient space heating systems will drive the
  residential boiler market size. In 2016, total
  investment towards residential building
  construction in China was valued over USD 1
  trillion. Government ambitious plan towards zero
  emission buildings will lead to replacement of
  traditional heating systems with efficient
  boilers.
• Growing concern towards greenhouse gas emissions
  coupled with measures to reduce carbon footprints
  will foster the residential boiler market share.
  According to Environmental Protection Agency, in
  2015, the U.S. residential and commercial sector
  accounted for over 12 of total GHG emissions.
  Introduction of codes and standards toward
  adoption of energy efficient space and water
  heating technologies will further embellish the
  business growth.
• Ongoing measures toward energy conservation
  coupled with mandate toward minimal efficiency
  requirements will drive the condensing
  residential boiler market growth. The Ecodesign
  directive 2009/125/EC introduced by the European
  Union underlines the ecological requirements for
  all energy related products.

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• Non-condensing residential boiler market size in
  2016 was valued over USD 4 billion. Ability to
  operate under extreme climatic conditions and
  compact design are some of the key features which
  make its adoption preferable over other available
  counterparts. Ease of installation and minimum
  maintenance cost of the system will further
  propel the industry growth.
• Reasons to Buy This Report
• 1. Residential Boiler Market size share
  forecast by product application, 2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Residential Boiler Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Fire-tube in 2016 accounted for over 13 of
  residential boiler market share. Low installation
  and operational cost of the system will further
  stimulate the product penetration. However, low
  steam production rate and lower safety when
  compared to water-tube boilers may act as an
  industry restraint.
• Water-tube residential boiler market is predicted
  to exceed 9 million units by 2024. Growing
  popularity of hydronic underfloor heating systems
  coupled with better safety features will
  stimulate the product demand. High efficiency and
  ability to handle high pressure will further
  complement the industry outlook.

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Research Methodology
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