Europe Boiler Market Analysis

Europe Boiler Market Analysis

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The ≤ 10 MMBtu/hr boiler market will exceed over USD 80 billion by 2032. Increasing applicability of these units across residential building and small scale commercial establishments will drive the industry growth. Increasing disposable income along with improving living standard of consumers will foster the industry landscape. The introduction of tax incentives to promote the adoption of energy-efficient technologies that consume less fuel and deliver high energy will increase the product penetration.
 

The electric fired boiler market size will witness growth rate of over 10.5% by 2032. Growing predominance of single family households along with stringent government initiatives toward zero emission buildings will stimulate the industry scenario. Ongoing replacement of traditional heating systems with advanced boiler units will accelerate the industry potential. The replacement demand for boilers is particularly strong across nations where the age of boiler stock is close to or over the average operating life.
 

The France boiler market is set to surpass USD 12 billion by 2032. Introduction of various government policies to phase out fossil fuels in the heating & cooling industry will significantly strengthen market growth. Continuous development of new buildings along with extensive investments across the industrial sector will favor the business scenario. The expansion of the existing retail centers and robust development of refineries and metal mining industries will fuel the product penetration.
 

Extensive investment by the public players toward development of manufacturing plants and shifting government focus toward decarbonization will energize the UK boiler market. Stringent norms for the development of green buildings coupled with the ongoing replacement of traditional boiler systems with condensing technology will escalate business growth. Flourishing tourism sector across the various nations has led to robust deployment of boilers for steam generation and pool heating in hotels and spas, accelerating the industry potential.