Global Domestic Boiler Market 2017-2021

Overview of the global domestic boiler market

There is a rising preference towards the adoption of the smart home concept since it makes life more convenient, comfortable, and entertaining. Smart home technologies use advanced sensors to connect household appliances including boilers, lighting systems, air conditioning units, entertainment systems, and security devices. With the changing lifestyle and increasing preference for convenience, the demand for smart homes will increase  in the coming years. Technavio's research analysis on the global domestic boiler market identifies that the growing demand for smart homes and the development of smart cities will be the major factors that will have a positive impact on the market's growth. Our market research analysts predict that this market will grow at a CAGR of almost 7% by 2021.

The growing usage of smart thermostats in residential as well as commercial spaces will be one of the latest trends that will gain traction in the domestic boiler market during the next four years. These systems are automatically installed with advanced firmware and algorithms, which, along with their learning ability, help in boosting the energy efficiency of buildings while also helping to ensure low installation costs. Additionally, these smart thermostats are Wi-Fi enabled which can adjust the room temperature automatically from a remote location and provide in-depth detail on the consumers' energy use.

Competitive landscape and key vendors

Owing to the presence of a considerable number of vendors, the domestic boiler market appears to be highly competitive. The need to increase energy efficiency and reduce energy consumption are inducing the major vendors to make huge investments in the R&D of new products.

The leading vendors in the market are -

• O. Smith Water Products
• Bosch Thermotechnology
• Bryant Heating & Cooling Systems
• Immergas
• Viessmann Manufacturing

The other prominent vendors in the market are Alfa Laval, Beretta International, Carrier, Columbia Boiler Company, Crown Boiler, De Dietrich (DDR Americas), Glow-worm, LAARS Heating Systems, Lennox International, Lochinvar, NTI Boilers, PB Heat (Peerless), Raypak, Remeha, SIME, Slant/Fin, Smith Cast Iron Boilers, Superior Boiler Works, Unical, US Boiler Company, Utica Boilers, Vaillant Group,Velocity Boiler Works, Weil-McLain, and Westinghouse Electric.

Segmentation by product and analysis of the domestic boiler market

• Non-condensing boilers
• Condensing boilers

During 2016, the non-condensing segment accounted for the major shares of this marketspace. The non-condensing boilers are classified into fire tube boilers, flexible water tube boilers, and firebox or cast-iron boilers and use natural gas as their primary fuel or fuel oil as the secondary fuel. Though this segment will witness a decrease in its market shares due to the improved efficiency of the condensing boilers, the segment will continue to account for the major shares throughout the next few years.

Geographical segmentation and analysis of the domestic boiler market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market till 2021. The demand for domestic boilers in the region is primarily driven by the residential construction activities and the need to replace old and inefficient equipment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global domestic boiler market?
• What are the key market trends impacting the growth of the global domestic boiler market?
• What are the challenges to market growth?
• Who are the key vendors in the global domestic boiler market?
• What are the market opportunities and threats faced by the vendors in the global domestic boiler market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global domestic boiler market? 

Technavio also offers customization on reports based on specific client requirement.

The primary function of domestic boilers is to heat water that can be used to supply hot water taps, or central heating systems, or both in a residential set-up. This upcoming research report on the global domestic boiler market offers insights into the significant trends and drivers influencing the growth of the heavy industry. Our reports for the heavy industry also follow a scrupulous data collection methodology and offer insights into the market segments like engineering tools.    

By taking into account, the growth of the domestic boiler market along with the rising demand for various segments of the engineering tools sector, the industry analyst at Technavio present a detailed market intelligence report on the global domestic boiler market for 2017 to 2021. Furthermore, our research helps clients strategize and keep pace with the continually changing market dynamics. This market research report also presents intelligence into several products and services based on the insights from the information gathered from resources such as channel partners and market stakeholders. 

This forthcoming market research report on the domestic boiler market also covers vendors like Remeha, Bosch Thermotechnology, and Potterton. According to our market experts, the rapidly rising popularity of geothermal energy driven heat pumps may influence the growth of the market during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the domestic boiler market also covers geographies like the Americas, APAC, and EMEA.  

The upcoming industry research report for domestic boiler market also categorizes the drivers, upcoming trends, along with the imminent restraints that the engineering tools sector currently experiences. This upcoming report on the domestic boiler market presents insights into the rapidly changing competitive landscape to give clients an overview of the forthcoming events within the heavy industry. Technavio also offers in-depth market assessments into the sectors such as tools and components, unit operations, and construction.  

Our market research methodology for the domestic boiler market

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.