July 25, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Combi Boiler Market.
It was estimated prior to this unanticipated outbreak that the Combi Boiler Market is likely to witness an impressive CAGR of 4.5% during the forecast period. Increasing investments in the installation of efficient space heating technologies, a shift toward reducing carbon footprints, and rapid urbanization are expected to drive the growth of the market during the forecast period.
A combi boiler is a type of boiler that provides both hot water and central heating in the same system. It has several advantages, such as high efficiency, compact size, ease of installation, and the ability to provide hot water on demand. It has an average shelf life of 15-20 years, depending on factors such as operating conditions, fuel usage, and maintenance.
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Based on the fuel type, the market is segmented as natural gas, oil, and others. Oil is estimated to account for the major share of the market, during the forecast period, owing to the shifting focus toward installation of sustainable technologies and the presence of robust supply network in developed and emerging economies.
Based on the technology type, the market is bifurcated into condensing and non-condensing. The condensing technology is estimated to register a higher growth in the market as a result of the stringent environmental regulations aimed at reducing the harmful GHG emissions and promoting low-emission technologies, fuelling the overall industry growth during the forecast period.
In terms of regions, North America is estimated to dominate the combi boiler market during the forecast period. Factors such as increasing replacement rates for traditional heating systems and the growing demand for energy-efficient space and water heating systems are some of the key factors fueling the growth of the North American combi boiler market during the forecast period.
Key players operating in the global Combi Boiler market are-
A. O. Smith Corporation
BDR Thermea Group
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Combi Boiler analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors