Combi Boilers Market Segmented by Product, Top Manufacturers, Geography Trends & Forecasts to 2026
Global Combi Boilers Market Report provides a complete decision-making overview including definition, product specifications, market gains, key geographic regions for 2020-2026.
With green credentials and efficiency, adoption of combi boilers is increasingly gaining momentum with financial incentives. Combi boiler systems are known to provide hot water instantly on demand, with efficiency. Leading companies are introducing 95% AFUE (annual fuel utilization efficiency) combi boilers which can replace both a space heater and water heater to boost performance, save space, and reduce operating costs.
Browse key industry insights spread across 350 pages with 748 market data tables & 29 figures & charts from the report, “Combi Boiler Market Size By Fuel Type (Natural Gas, Oil, Others), By Technology (Condensing, Non-Condensing), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/combi-boiler-market
Combination boilers tend to provide high efficiency space heating and domestic hot water in a way that is easy to maintain and install, thereby becoming an ideal space-saving choice. Combi boilers are expected to provide service for both space and water heating with a single appliance. Combi boilers are believed to be more than 90% efficient, curb carbon footprint and are eco-friendly. These top-notch boilers have become a viable heating system and have become highly sought-after solution in North America, Europe and APAC.
Condensing combi boilers systems provide a neat looking design and are gaining traction as an ideal space-efficient solution in residential sector. Given condensing combi boilers do not store any hot water, heat loss is negated.
Condensing combi boilers are profoundly being used in residential buildings to provide both domestic hot water and space heating. They have become a happy hunting ground for investors who vie for high operational efficiencies and combined heating functions.
Condensing combi boilers are known to be tankless DHW system and are apt for radiant and hydronic floor heating. Condensing boilers have become an ideal option for reducing carbon footprint and the manufacturers claim the efficiency rate of these innate boilers can go over 90%. Nevertheless, the condensing combi boilers are highly sought-after in buildings which require heating on demand.
Governments across the globe are committing themselves to expanding the low carbon economy. For instance, on June 27, 2017, the UK government set a legally binding target of attaining net zero greenhouse gas emission by 2050 from across the UK economy. The UK government are looking for ways to curb carbon emissions from heat during the 2020s.
In a bid to sustain a viable supply chain for heat pumps beyond the RHI (Renewable Heat Incentive), the UK government believe biogas, hydrogen and heat pumps can help meet 2050 target. Effective from April 2018, an additional energy efficiency measure will be mandatory if a gas combi boiler is installed in a domestic household in England. Notably, every combi boiler installed in the UK is required to have minimum 92% efficiency, as such merely 8% fuel would be wasted and would curb carbon footprint.
Gas combi boilers are highly sought-after in Europe and North America, natural gas is increasingly used in the latter region. Gas combi boilers are space efficient and are compact. With building regulations in countries such as UK mandating all gas combi boilers to install condensing technology, condensing boilers powered with gas are gaining traction in Europe.
Even though gas combi boilers and LPG combi boilers are hugely popular among the masses, electric combi boilers have gained popularity in recent years. They have become a popular alternative for buildings that are not connected to the gas grid. End-use consumers perceive electric combi boilers as the cleaner solution as they do not emit carbon emissions.
Taking a leap in expanding penetration, Worcester Bosch announced in October 2019 the launch of a natural gas combi boiler—Worcester 2000—available in output ratings of 25kW and 30kW.
A.O. Smith rolled out ProLine®XE combi boiler in December 2017 to deliver instant hot water and space heating for homes. The technology is said to have a backlit LCD display providing text-based diagnostic information, thereby reducing the overall time to install or adjust the unit.
Combine boilers industry is no longer a niche market but is gradually becoming mainstream. There has been an influx in the number of stakeholders being inclined towards combi boilers, while several startups have also jumped on the bandwagon. Assessing a host of industry dynamics, Global Market Insights, Inc. predicts combi boilers market size to surpass US$ 30 bn by 2026.
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