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Europe Gas Fired Boiler Market Size
Europe Gas Fired Boiler Market was valued at USD 27.7 billion in 2023 and is estimated to grow at a CAGR of over 8.5% between 2024 and 2032. Rising investments in infrastructure projects along with increasing demand for space heating in residential and commercial properties will augment the business landscape.
A gas boiler, a sealed metallic container, serves the purpose of generating steam and hot water for various applications. These systems circulate heated water, which is then distributed through radiators for heating purposes. The widespread adoption of energy-efficient space and water heating systems, coupled with the substitution of traditional heating units, will greatly improve the business environment.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 27.7 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.5% |
| 2032 Value Projection: | USD 57.9 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 415 |
| Segments covered: | Capacity, Technology, Application & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Europe Gas Fired Boiler Market Trends
The heightened climatic challenges are poised to spur a growing need for advanced hot water systems incorporating intelligent heating technologies, thereby propelling the industry's potential. Furthermore, the escalating emphasis on energy efficiency and carbon emission reduction will fuel the boiler market. Additionally, the integration of Internet of Things (IoT) and smart technologies in these systems will escalate the industry growth.
Europe Gas Fired Boiler Market Analysis
The ≤ 10 MMBtu/hr gas fired boiler market will surpass USD 50 billion by 2032. Increasing consumer awareness of environmental impact and the implementation of stricter regulations promoting the adoption of efficient and reliable heating systems. Continued expansion in the industrial sector coupled with a favorable outlook for manufacturing plants, will drive increased demand for these systems.
The residential boiler market size will witness growth rate of over 7.5% through 2032. The ongoing shift toward energy-efficient technologies combined with supportive government schemes and funding, will drive the adoption of these products. The growing demand for heating systems that are energy-efficient along with increasing emphasis on conserving energy, will have a positive impact on business potential.
The France boiler market is set to reach over USD 5 billion by 2032. The evolving trend toward nuclear families in line with ongoing investments in expanding gas infrastructure will escalate the industry outlook. Government legislation promoting energy conservation and initiatives encouraging the adoption of cleaner fuels will additionally incentivize the demand for these units. Continual technological advancements, along with rising demand for contemporary heating systems, will enhance the business landscape.
Europe Gas Fired Boiler Market Share
Daikin is a one of the leaders in heating, ventilation, and air conditioning (HVAC) systems, including gas-fired boilers. These boilers are designed for high efficiency to help customers save on energy costs and reduce their carbon footprint. These boilers typically feature advanced combustion technology and modulation controls to optimize fuel usage and provide consistent heating performance.
Europe Gas Fired Boiler Market Companies
Eminent players operating in the Europe gas fired boiler industry include:
- A.O. Smith
- Ariston Holding N.V.
- Babcock & Wilcox Enterprises
- BAXI
- Bosch Industriekessel
- Bradford White Corporation
- BURNHAM COMMERCIAL BOILERS
- Carrier
- Daikin
- FERROLI
- Hurst Boiler & Welding
- Ideal Heating
- Miura America
- Slant/Fin Corporation
- The Fulton Companies
- Vaillant Group
- Viessmann
- WM Technologies
Europe Gas Fired Boiler Industry News
- In January 2023, Ariston Holding N.V. has acquired CENTROTEC Climate Systems from CENTROTEC SE. Renowned for its brands such as Wolf, a trailblazer in innovative residential boiler development, the acquired company boasts a workforce of 2,500 employees. CENTROTEC holds a strong market position in Germany and the Netherlands, with notable presence across various European markets. This acquisition is poised to bolster Ariston's expansion throughout Europe.
- In January 2023, Babcock Wanson's acquired Parat, a leader in high-voltage boilers, and PBS Power Equipment, a prominent European boiler solutions manufacturer, have significantly bolstered its market position in Europe. These strategic moves not only enhance Babcock's market share but also reinforce its commitment to becoming a frontrunner in industrial sector decarbonization solutions. These acquisitions have not only expanded the company's expertise but also broadened its customer reach, contributing to its overall growth and leadership objectives.
This Europe gas fired boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2019 to 2032, for the following segments:
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Market, By Capacity
- ≤ 10 MMBtu/hr
- > 10 - 50 MMBtu/hr
- > 50 - 100 MMBtu/hr
- > 100 - 250 MMBtu/hr
- > 250 MMBtu/hr
Market, By Technology
- Condensing
- Non-Condensing
Market, By Application
- Residential
- Commercial
- Offices
- Healthcare Facilities
- Educational Institutions
- Lodgings
- Retail Stores
- Others
- Industrial
- Food Processing
- Pulp & Paper
- Chemical
- Refinery
- Primary Metal
- Others
The above information has been provided for the following countries:
- France
- UK
- Poland
- Italy
- Spain
- Austria
- Germany
- Sweden
- Russia
Frequently Asked Questions (FAQ) :