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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.
The North America combi boiler market was valued at USD 1.2 billion in 2023 and is set to grow at 4.6% CAGR up to 2032, driven by surging development of multi-story buildings including apartments and duplexes.
Natural gas combi boiler segment will surpass USD 1.2 billion by 2032, owing to significant energy savings and operational safety.
The U.S. combi boiler market is set to reach USD 1.5 billion by 2032, driven by favorable regulatory programs toward the promotion of energy-efficient heating systems.
A.O. Smith, Ariston Holding, Baxi, BDR Thermea Group, Bosch Thermotechnology Ltd., Bradford White Corporation, Daikin among others.