Combi Boiler Market Regional Analysis:
North American Market Insights
North America industry is likely to dominate majority revenue share of 40% by 2035. In addition, the region will also benefit from expanding demand for efficient heating systems in colder locations such as Canada and the United States, as well as increased public awareness of environmental issues. For instance, more than 55% of Americans reside in places that receive frequent winter snowfall. Moreover, the majority of Canadian homes are constructed to weather the winter, and in 2021, more than 90% of households said they had a primary heating system.
APAC Market Insights
The Asia Pacific combi boiler market is expected to rise steadily over the forecasted period, owing to the increasing adoption of combi-boilers in countries, such as Japan, China, and South Korea. These countries experience cold temperatures, especially during winter, which leads to a high demand for water heaters, as well as, central heaters. As the combi heater provides both functions in a single compact unit, its demand is growing in the region, which, in turn, is estimated to boost the market growth. Moreover, the high urban population in developing countries is further forecasted to fuel combi boiler market growth.
