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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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