Domestic Boiler Trends and Forecast
The future of the global domestic boiler market looks promising with opportunities in the home, commercial, and industrial markets. The global domestic boiler market is expected to reach an estimated $11.9 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing demand for automation technology, rising number of smart homes ,and rising preference for Wi-Fi enabled smart thermostats.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Domestic Boiler by Segment
The study includes a forecast for the global domestic boiler by type, fuel, technology, application, and region
Domestic Boiler Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Condensing Boiler
• Non-Condensing Boiler
Domestic Boiler Market by Fuel [Shipment Analysis by Value from 2018 to 2030]:
• Natural Gas
• Oil
• Electricity
• Renewable Energy
Domestic Boiler Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Heat-Only Boiler
• Combi Boiler
• System Boiler
Domestic Boiler Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Home
• Commercial
• Industrial
Domestic Boiler Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Domestic Boiler Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies domestic boiler companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the domestic boiler companies profiled in this report include-
• A.O. Smith
• Bosch Thermotechnology
• Vaillant
• Ideal Heating
• Suntec Energy Systems
Domestic Boiler Market Insights
Lucintel forecast that condensingis expected to witness highest growth over the forecast period due to increasing demand among various users owing to its improved water heating, lower energy use, less carbon emissions, minimal energy waste, and affordable.
Home will remain the largest segment due to increasing need for a central heating system in this space to produce hot water that is piped inside home to keep warm.
APAC is expected to witness highest growth over the forecast period due to continuous growth of smart cities, rising concern towards greenhouse gases, and significant demand for smart home devices in the region.
Features of the Global Domestic Boiler Market
Market Size Estimates: Domestic boiler market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Domestic boiler market size by various segments, such as by type, fuel, technology, application, and region in terms of value ($B).
Regional Analysis: Domestic boiler market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, fuel, technology, application, and region for the domestic boiler market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the domestic boiler market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the domestic boiler market size?
Answer: The global domestic boiler market is expected to reach an estimated $11.9 billion by 2030.
Q.2 What is the growth forecast for domestic boiler market?
Answer: The global domestic boiler market is expected to grow with a CAGR of 5.3% from 2024 to 2030
Q.3 What are the major drivers influencing the growth of the domestic boiler market?
Answer: The major drivers for this market are growing demand for automation technology, rising number of smart homes, and rising preference for Wi-Fi enabled smart thermostats.
Q4. What are the major segments for domestic boiler market?
Answer: The future of the domestic boiler market looks promising with opportunities in the home, commercial, and industrialmarkets.
Q5. Who are the key domestic boiler market companies?
Answer: Some of the key domestic boiler companies are as follows:
• A.O. Smith
• Bosch Thermotechnology
• Vaillant
• Ideal Heating
• Suntec Energy Systems
Q6. Which domestic boiler market segment will be the largest in future?
Answer: Lucintel forecast that condensingis expected to witness highest growth over the forecast period due to increasing demand among various users owing to its improved water heating, lower energy use, less carbon emissions, minimal energy waste, and affordable.
Q7. In domestic boiler market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to continuous growth of smart cities, rising concern towards greenhouse gases, and significant demand for smart home devices in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the domestic boiler market by type (non-condensing boiler and condensing boiler), fuel (natural gas, oil, electricity, and renewable energy), technology (heat-only boiler, combi boiler, and system boiler), application (home, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Domestic Boiler Market, Domestic Boiler Market Size, Domestic Boiler Market Growth, Domestic Boiler Market Analysis, Domestic Boiler Market Report, Domestic Boiler Market Share, Domestic Boiler Market Trends, Domestic Boiler Market Forecast, Domestic Boiler Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.