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North America Combi Boiler Market Size - By Fuel Type (Natural Gas, Oil), By Technology (Condensing, Non-Condensing), By Country Outlook & Forecast, 2024 – 2032

Report ID: GMI8907 Published Date: April 2024Report Format: PDF
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North America Combi Boiler Market Size

North America Combi Boiler Market size in 2023 was valued at USD 1.2 billion and is estimated to grow at a rate of 4.6% from 2024 to 2032. Surging development of multi-story buildings including apartments and duplexes along with stringent government regulations to limit carbon emissions will energize the business dynamics. For instance, in 2023, the investments in real estate sector have grown at a rate of over 4% across the U.S.

North America Combi Boiler Market

To get key market trends

A combi boiler functions as a heating system that offers both hot water for domestic purposes and central heating for a property, all from a single unit. These boilers are frequently installed in residential homes and smaller commercial buildings owing to their compact design, efficiency, and ability to supply hot water instantly without requiring a separate hot water storage tank or cylinder.

North America Combi Boiler Market Trends

Introduction of emission reduction goals and compliance standards to mitigate carbon emissions across residential sector will energize the combi boiler market. The continuous evolution of technology aimed at creating modern heating facilities, coupled with the ongoing adoption of more economically viable alternatives over traditional heating units, will fuel the product penetration.

North America Combi Boiler Market Analysis

North America Combi Boiler Market, By Fuel Type, 2022 - 2032  (USD Billion)
Learn more about the key segments shaping this market

The natural gas combi boiler market will surpass USD 1.2 billion by 2032. The key advantages including significant energy savings, operational safety, and straightforward, cost-effective installation, coupled with easy gas extraction, are poised to drive the product demand. Moreover, the implementation of stringent regulations and policies aimed at reducing greenhouse gas emissions, in tandem with the decreasing prices of natural gas, will enhance the business landscape.

North America Combi Boiler Market Revenue Share, By Technology, 2023
Learn more about the key segments shaping this market

The North America combi boiler market from condensing segment will witness growth rate of over 5% by 2032. The emerging trend toward incorporating IoT-based technologies for hot water supply coupled with growing initiatives to minimize energy usage will propel the business landscape. Rising disposable incomes coupled with growing consumer preference for efficient water heating systems will foster the product deployment. Growing inclination towards embracing IoT-based technologies coupled with increasing investments across real estate sector will augment the industry outlook.

U.S. Combi Boiler Market Size, 2022 - 2032 (USD Billion)
Looking for region specific data?

The U.S. boiler market is set to reach USD 1.5 billion by 2032. Favorable regulatory programs toward the promotion of energy-efficient heating systems in line with robust development of green infrastructure will favor the business scenario. Growing demand for modular and compact boiler systems coupled with paradigm shift toward sustainability will positively impact the industry landscape.

North America Combi Boiler Market Share

Company Market Share Analysis, 2023

Daikin is known for its expertise in heating, ventilation, and air conditioning (HVAC) systems. The company offers compact heating systems that provide both central heating and hot water in a single unit. They are known for their efficiency and space-saving design. Additionally, its boilers incorporate features including advanced controls, energy efficiency measures and possibly integration with other Daikin products like heat pumps for hybrid heating systems.

North America Combi Boiler Market Companies

The key industry players include:

  • A.O. Smith
  • Ariston Holding
  • Baxi
  • BDR Thermea Group
  • Bosch Thermotechnology Ltd.
  • Bradford White Corporation
  • Daikin
  • FERROLI S.p.A
  • Fonderie Sime S.p.A
  • HTP
  • Ideal Boilers
  • Navien Inc.
  • Rinnai Corporation
  • Thermodyne Boilers
  • Vaillant Group
  • Viessmann
  • Weil-McLain
  • WOLF

North America Combi Boiler Industry News

  • In March 2022, Weil McLain introduced the latest Advanced Aqua Balance HE Combi-Boiler facilitated by hydronic technology for residential applications. This combination boiler has a capacity of 155,000 BTUH input and produces a consistent supply of hot water with maximum 4 gallons/minutes at 70°F temperature rise. Aqua Balance is energy star-rated to cater to residentials with maximum operation cost savings and delivers qualifications for local utility rebates.
  • In June 2021, Viessmann presented its residential product line at an event. The product comprises combi & non-combi boilers with the most recent advanced applications in the Vitodens line. Moreover, its Vitodens 100-W wall-mounted gas condensing boiler is lightweight and has a compact design with zero clearance. The company’s Vitodens 200-W, B2HE takes special care of various venting choices, warming interests, and fuel adaptability.

The North America combi boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Billion” from 2019 to 2032, for the following segments:

Market, By Fuel

  • Natural Gas
  • Oil
  • Others

Market, By Technology

  • Condensing
  • Non-Condensing

The above information has been provided for the following countries:

  • U.S.
  • Canada

 

Author: Ankit Gupta, Shubham Chaudhary
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North America Combi Boiler Market Scope

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