Study #: 4117 | Published: 10/2021 | Pages: 140 | Individual User License: US$ 3,900

Global demand for central heating boilers is forecast to increase 3.5% per year to $16.0 billion in 2025. In unit terms, sales will grow 1.6% annually to 8.1 million. Demand will be driven by rising building construction activity and the ongoing need for replacement boilers.

Energy Efficiency Improvements Crucial to Retaining West European Market

Western Europe has historically been a particularly large market for central heating boilers. High demand is driven by the region’s cool climates, high levels of development, and building practices that have made boilers the dominant form of heating technology.

However, boilers in Western Europe are rapidly losing share in the heating equipment market to heat pumps, a process that is expected to be ongoing throughout the 2020s. The shift toward heat pumps has been driven by the strong environmental profile of these products, which has led to them being supported by various government incentive schemes. In order to keep pace and mitigate further regulatory pressure, boiler suppliers must continue to invest in improving the energy efficiency of their products.

Climate Limits Opportunities in Many Emerging Markets

Most of the world’s most dynamic and fastest growing economies are located in warm weather regions, where climate factors will keep boiler demand limited even as economies grow. As a result, boiler manufacturers face a challenging market environment, and sustaining replacement sales in large, mature markets must represent a core strategy. However, there are some opportunities for growth in less heralded emerging markets, such as those in Central Asia, which feature cooler climates.

Hydrogen Boilers Require Development

Oil- and gas-powered boilers are increasingly being targeted by climate-related regulations, with the International Energy Agency suggesting that an aggressive plan could even completely ban gas boilers by 2025. The IEA’s proposed alternative is hydrogen-powered boilers, a technology that is in the early stages of development. Companies like BDR Thermea and Bosch have deployed hydrogen boilers in pilot projects, but there are not yet any commercially available models.

The basic technology of hydrogen boilers is relatively straightforward, and the larger challenge surrounds the logistics of hydrogen supply, as pipeline infrastructure will need to be converted and more efficient methods of transporting hydrogen will need to be developed. As such, partnership with natural gas firms and utilities will be crucial. In the short term, boiler suppliers are likely to begin deploying hydrogen-ready boilers that can operate on both current natural gas mixes and future hydrogen infrastructure.


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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Unit Demand

Demand by Region

Leading Country Markets

Fastest Growing Country Markets

Demand by Market

Residential Buildings

Nonresidential Buildings

Pricing Trends

Competitive Products

Market Share & Leading Producers

Regulatory Issues & Technology

Climate Regulation

Hydrogen Boilers

4. US & Canada

US & Canada: Central Heating Boilers Market Size & Historical Trends

US & Canada: Demand by Country & Market

United States

United States: Central Heating Boilers Market Size & Historical Trends

United States: Demand by Market

Canada

Canada: Central Heating Boilers Market Size & Historical Trends

Canada: Demand by Market

5. Latin America

Latin America: Central Heating Boilers Market Size & Historical Trends

Latin America: Demand by Country & Market

Brazil

Brazil: Central Heating Boilers Market Size & Historical Trends

Brazil: Demand by Market

Other Latin America

Other Latin America: Central Heating Boilers Market Size & Historical Trends

Other Latin America: Demand by Market

6. Western Europe

Western Europe: Central Heating Boilers Market Size & Historical Trends

Western Europe: Demand by Country & Market

United Kingdom

United Kingdom: Central Heating Boilers Market Size & Historical Trends

United Kingdom: Demand by Market

Germany

Germany: Central Heating Boilers Market Size & Historical Trends

Germany: Demand by Market

Italy

Italy: Central Heating Boilers Market Size & Historical Trends

Italy: Demand by Market

France

France: Central Heating Boilers Market Size & Historical Trends

France: Demand by Market

Spain

Spain: Central Heating Boilers Market Size & Historical Trends

Spain: Demand by Market

Other Western Europe

Other Western Europe: Central Heating Boilers Market Size & Historical Trends

Other Western Europe: Demand by Market

7. Eastern Europe

Eastern Europe: Central Heating Boilers Market Size & Historical Trends

Eastern Europe: Demand by Country & Market

Russia

Russia: Central Heating Boilers Market Size & Historical Trends

Russia: Demand by Market

Poland

Poland: Central Heating Boilers Market Size & Historical Trends

Poland: Demand by Market

Other Eastern Europe

Other Eastern Europe: Central Heating Boilers Market Size & Historical Trends

Other Eastern Europe: Demand by Market

8. Asia/Pacific

Asia/Pacific: Central Heating Boilers Market Size & Historical Trends

Asia/Pacific: Demand by Country & Market

China

China: Central Heating Boilers Market Size & Historical Trends

China: Demand by Market

South Korea

South Korea: Central Heating Boilers Market Size & Historical Trends

South Korea: Demand by Market

Australia

Australia: Central Heating Boilers Market Size & Historical Trends

Australia: Demand by Market

Japan

Japan: Central Heating Boilers Market Size & Historical Trends

Japan: Demand by Market

India

India: Central Heating Boilers Market Size & Historical Trends

India: Demand by Market

Other Asia/Pacific

Other Asia/Pacific: Central Heating Boilers Market Size & Historical Trends

Other Asia/Pacific: Demand by Market

9. Africa/Mideast

Africa/Mideast: Central Heating Boilers Market Size & Historical Trends

Africa/Mideast: Demand by Country & Market

Turkey

Turkey: Central Heating Boilers Market Size & Historical Trends

Turkey: Demand by Market

Other Africa/Mideast

Other Africa/Mideast: Central Heating Boilers Market Size & Historical Trends

Other Africa/Mideast: Demand by Market

10. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Outlook

Global Population

Global Residential Building Construction Outlook

Global Nonresidential Building Construction Outlook


List of Tables

2. About This Report

Table 2-1 | Annual Global Central Heating Boiler Demand by Market, 2019 - 2021 (million dollars)

Table 2-2 | Annual Global Central Heating Boiler Demand by Region, 2019 - 2021 (million dollars)

3. Overview

Table 3-1 | Global Central Heating Boiler Demand, 2010 - 2020 (million dollars & thousand units)

Table 3-2 | Global Central Heating Boiler Demand by Region, 2010 - 2030 (thousand units)

Table 3-3 | Global Central Heating Boiler Demand by Region, 2010 - 2030 (million dollars)

Table 3-4 | Global Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars)

Table 3-5 | Global Residential Central Heating Boiler Demand by Region, 2010 - 2030 (million dollars)

Table 3-6 | Global Nonresidential Central Heating Boiler Demand by Region, 2010 - 2030 (million dollars)

Table 3-7 | Global Central Heating Boiler Pricing, 2010 - 2030 (dollars per unit)

4. US & Canada

Table 4-1 | US & Canada: Central Heating Boiler Demand by Country & Market, 2010 - 2030 (million dollars & thousand units)

Table 4-2 | United States: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 4-3 | Canada: Central Heating Boiler Demand by Market, 2010 - 2030 (million US dollars & thousand units)

5. Latin America

Table 5-1 | Latin America: Central Heating Boiler Demand by Country & Market, 2010 - 2030 (million dollars & thousand units)

Table 5-2 | Brazil: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 5-3 | Other Latin America: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

6. Western Europe

Table 6-1 | Western Europe: Central Heating Boiler Demand by Country & Market, 2010 - 2030 (million dollars & thousand units)

Table 6-2 | United Kingdom: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 6-3 | Germany: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 6-4 | Italy: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 6-5 | France: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 6-6 | Spain: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 6-7 | Other Western Europe: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

7. Eastern Europe

Table 7-1 | Eastern Europe: Central Heating Boiler Demand by Country & Market, 2010 - 2030 (million dollars & thousand units)

Table 7-2 | Russia: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 7-3 | Poland: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 7-4 | Other Eastern Europe: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

8. Asia/Pacific

Table 8-1 | Asia/Pacific: Central Heating Boiler Demand by Country & Market, 2010 - 2030 (million dollars & thousand units)

Table 8-2 | China: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 8-3 | South Korea: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 8-4 | Australia: Central Heating Boiler Demand by Market, 2010 - 2030 (million US dollars & thousand units)

Table 8-5 | Japan: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 8-6 | India: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 8-7 | Other Asia/Pacific: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

9. Africa/Mideast

Table 9-1 | Africa/Mideast: Central Heating Boiler Demand by Country & Market, 2010 - 2030 (million dollars & thousand units)

Table 9-2 | Turkey: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

Table 9-3 | Other Africa/Mideast: Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars & thousand units)

10. Appendix

Table 10-1 | Relevant HS Codes

Table 10-2 | Relevant NACE Codes

Table 10-3 | Relevant NAICS & SIC Codes

Table 10-4 | United States & Canada

Table 10-5 | Countries in Latin America

Table 10-6 | Countries in Western Europe

Table 10-7 | Countries in Eastern Europe

Table 10-8 | Countries in the Asia/Pacific Region

Table 10-9 | Countries in the Africa/Mideast Region

Table 10-10 | Global Gross Domestic Product by Region & Country, 2010 - 2030 (billion 2019 dollars)

Table 10-11 | Global Population by Region & Country, 2010 - 2030 (million persons)

Table 10-12 | Global Residential Building Construction Expenditures by Region & Country, 2010 - 2030 (billion 2019 dollars)

Table 10-13 | Global Nonresidential Building Construction Expenditures by Region & Country, 2010 - 2030 (billion 2019 dollars)


List of Figures

1. Executive Summary

Figure 1-1 | Global Central Heating Boilers Market

2. About This Report

Figure 2-1 | Annual Global Central Heating Boiler Demand, 2018 - 2025 (million dollars)

3. Overview

Figure 3-1 | Global Central Heating Boiler Demand, 2003 - 2020 (million dollars)

Figure 3-2 | Global Central Heating Boiler Demand by Region, 2010 - 2030 (million dollars)

Figure 3-3 | Central Heating Boilers: Leading Country Markets, 2020 (million dollars)

Figure 3-4 | Central Heating Boilers Value Demand: Fastest Growing Country Markets, 2020 -2025 (% CAGR)

Figure 3-5 | Global Central Heating Boiler Demand by Market, 2010 - 2030 (million dollars)

Figure 3-6 | Global Central Heating Boiler Pricing, 2010 - 2020 (dollars per unit)

Figure 3-7 | Comparative Value Growth: Central Heating Boilers & Competitive Products, 2020 - 2025 (%CAGR)

Figure 3-8 | Global Central Heating Boiler Market Share by Company, 2020 (billion dollars)

4. US & Canada

Figure 4-1 | US & Canada: Central Heating Boiler Market Key Indicators, 2020

Figure 4-2 | US & Canada: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

Figure 4-3 | US & Canada: Central Heating Boiler Demand by Country, 2020 (billion dollars)

Figure 4-4 | United States: Central Heating Boiler Market Key Indicators, 2020

Figure 4-5 | United States: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

Figure 4-6 | Canada: Central Heating Boiler Market Key Indicators, 2020

Figure 4-7 | Canada: Central Heating Boiler Demand, 2010 - 2020 (million US dollars & million Canadian dollars)

5. Latin America

Figure 5-1 | Latin America: Central Heating Boiler Market Key Indicators, 2020

Figure 5-2 | Latin America: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

Figure 5-3 | Latin America: Central Heating Boiler Demand by Country, 2020 (million dollars)

Figure 5-4 | Brazil: Central Heating Boiler Market Key Indicators, 2020

Figure 5-5 | Brazil: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million real)

Figure 5-6 | Other Latin America: Central Heating Boiler Market Key Indicators, 2020

Figure 5-7 | Other Latin America: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

6. Western Europe

Figure 6-1 | Western Europe: Central Heating Boiler Market Key Indicators, 2020

Figure 6-2 | Western Europe: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

Figure 6-3 | Western Europe: Central Heating Boiler Demand by Country, 2020 (billion dollars)

Figure 6-4 | United Kingdom: Central Heating Boiler Market Key Indicators, 2020

Figure 6-5 | United Kingdom: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million pounds)

Figure 6-6 | Germany: Central Heating Boiler Market Key Indicators, 2020

Figure 6-7 | Germany: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million euro)

Figure 6-8 | Italy: Central Heating Boiler Market Key Indicators, 2020

Figure 6-9 | Italy: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million euro)

Figure 6-10 | France: Central Heating Boiler Market Key Indicators, 2020

Figure 6-11 | France: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million euro)

Figure 6-12 | Spain: Central Heating Boiler Market Key Indicators, 2020

Figure 6-13 | Spain: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million euro)

Figure 6-14 | Other Western Europe: Central Heating Boiler Market Key Indicators, 2020

Figure 6-15 | Other Western Europe: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

7. Eastern Europe

Figure 7-1 | Eastern Europe: Central Heating Boiler Market Key Indicators, 2020

Figure 7-2 | Eastern Europe: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

Figure 7-3 | Eastern Europe: Central Heating Boiler Demand by Country, 2020 (billion dollars)

Figure 7-4 | Russia: Central Heating Boiler Market Key Indicators, 2020

Figure 7-5 | Russia: Central Heating Boiler Demand, 2010 - 2020 (million dollars & billion rubles)

Figure 7-6 | Poland: Central Heating Boiler Market Key Indicators, 2020

Figure 7-7 | Poland: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million zloty)

Figure 7-8 | Other Eastern Europe: Central Heating Boiler Market Key Indicators, 2020

Figure 7-9 | Other Eastern Europe: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

8. Asia/Pacific

Figure 8-1 | Asia/Pacific: Central Heating Boiler Market Key Indicators, 2020

Figure 8-2 | Asia/Pacific: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

Figure 8-3 | Asia/Pacific: Central Heating Boiler Demand by Country, 2020 (billion dollars)

Figure 8-4 | China: Central Heating Boiler Market Key Indicators, 2020

Figure 8-5 | China: Central Heating Boiler Demand, 2010 - 2020 (million dollars & billion yuan)

Figure 8-6 | South Korea: Central Heating Boiler Market Key Indicators, 2020

Figure 8-7 | South Korea: Central Heating Boiler Demand, 2010 - 2020 (million dollars & billion won)

Figure 8-8 | Australia: Central Heating Boiler Market Key Indicators, 2020

Figure 8-9 | Australia: Central Heating Boiler Demand, 2010 - 2020 (million US dollars & million Australian dollars)

Figure 8-10 | Japan: Central Heating Boiler Market Key Indicators, 2020

Figure 8-11 | Japan: Central Heating Boiler Demand, 2010 - 2020 (million dollars & billion yen)

Figure 8-12 | India: Central Heating Boiler Market Key Indicators, 2020

Figure 8-13 | India: Central Heating Boiler Demand, 2010 - 2020 (million dollars & billion rupee)

Figure 8-14 | Other Asia/Pacific: Central Heating Boiler Market Key Indicators, 2020

Figure 8-15 | Other Asia/Pacific: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

9. Africa/Mideast

Figure 9-1 | Africa/Mideast: Central Heating Boiler Market Key Indicators, 2020

Figure 9-2 | Africa/Mideast: Central Heating Boiler Demand, 2010 - 2020 (million dollars)

Figure 9-3 | Africa/Mideast: Central Heating Boiler Demand by Country, 2020 (million dollars)

Figure 9-4 | Turkey: Central Heating Boiler Market Key Indicators, 2020

Figure 9-5 | Turkey: Central Heating Boiler Demand, 2010 - 2020 (million dollars & million lira)

Figure 9-6 | Other Africa/Mideast: Central Heating Boiler Market Key Indicators, 2020

Figure 9-7 | Other Africa/Mideast: Central Heating Boiler Demand, 2010 - 2020 (million dollars)


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