New York – May 15, 2023 - Research Nester’s recent market research report on “Residential Boiler Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview in terms of market segmentation by type, technology, fuel type, and by region.
Growing Urbanization and Industrialization to Promote Global Market Share of Residential Boiler
In the past few years, the world has seen a considerable shift in the global population from rural areas to urban areas. Subsequently, their standard of living and spending capacity have increased which is anticipated to increase the demand for residential boilers in the next few years. Furthermore, the rising focus on reducing the carbon footprint on the world and reducing green-house emissions has led to the introduction of policies by the government to invest in hydrogen fuel and increase the utilization rate of residential boilers as it is the most efficient and sustainable way of heating the house without wasting energy. Therefore, it is estimated to
Some of the major growth factors and challenges that are associated with the growth of the global residential boiler market are:
- Growing Construction and Housing Activities
- Surge in Disposable Income
The surge in the use of renewable systems along with the high cost of production of residential boilers and the concern regarding high maintenance are some of the major factors anticipated to hamper the global market size of residential boilers.
Access our detailed report on “ Residential Boiler Market Analysis by Type (Water Tube, Fire Tube, Electric); Technology (Condensing, Non-Condensing); Fuel Type (Coal Fired, Oil Fired, Gas Fired) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035” @
By fuel type, the global residential boiler market is segmented into coal-fired, oil-fired, and gas-fired. The diabetes segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period, backed by growing government stringent rules to control pollution. For instance, by 2026, the UK government wants to outlaw the installation of conventional gas boilers in residential buildings and replace them with ‘hydrogen-ready’ heating systems. Energy efficiency, quiet operation, economic effectiveness, comfortable heating, and clean heating are just a few advantages of gas-fired residential boilers. These advantages are estimated to increase residential consumers' demand for gas-fired boilers, which would fuel the segment’s expansion throughout the course of the forecast period.
By region, the Europe residential boiler market is to generate the highest revenue by the end of 2035, owing to the growing construction project in this region, along with rising investment in environmental energy sources, which include natural gas and more. Furthermore, the constant change in the climate along with the rising spending capacity of the European people is also estimated to increase the demand for residential boilers shortly. Additionally, the availability of hydrogen energy storage systems is also estimated to drive the market in this region.
This report also provides the existing competitive scenario of some of the key players of the market which includes company profiling of Pricer, SES-imagotag, Samsung Electro-Mechanics, E Ink, Holdings Inc., Displaydata Limited, NCR Corporation, Diebold Nixdorf, Incorporated, A.O. Smith Corporation, Robert Bosch GmbH, Viessmann, and other key players.