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Europe Residential Boiler Market size surpassed USD 40.6 billion in 2023 and is anticipated to expand at 8.3% from 2024 to 2032. Increasing population and urbanization rate primarily across the developing nations along with surging infrastructural investments for development of sustainable building infrastructure will foster the industry growth.
Improved living standards and rising disposable incomes along with increasing consumer inclination toward deployment of advanced boilers will propel the industry landscape. Rising emission constraints have compelled regulators to introduce design standards for development of energy efficient products and emission control regulations for manufacturers which in turn will fuel the product penetration. Moreover, ongoing transformations of categorization of rural areas as urban areas will stimulate the demand for these boilers.
Report Attribute | Details |
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Base Year: | 2023 |
Europe Residential Boiler Market Size in 2023: | USD 40.6 billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 8.3% |
2032 Value Projection: | USD 84.9 Billion |
Historical Data for: | 2019 to 2023 |
No. of Pages: | 280 |
Tables, Charts & Figures: | 639 |
Segments covered: | Technology, Fuel |
Growth Drivers: |
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Pitfalls & Challenges: |
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