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Gas Condensing Boiler Market by Type (Combi Boiler, System Boiler/Conventional Boiler), by Application (Residential, Commercial, Industrial), by North America (United States, Canada, Mexico), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The size of the Gas Condensing Boiler Market was valued at USD 27.86 Billion in 2023 and is projected to reach USD 43.78 Billion by 2032, with an expected CAGR of 6.67 % during the forecast period. A gas condensing boiler, often refer to as condenser boiler, is a central heating boiler that uses gas as the fuel and recovers heat from the exhaust gases that is lost in a non-condensing boiler. These features make it possible to work at high levels of efficiency; often over 90% for the boiler in the process. There are two main types: combi boilers, the boilers which provide both the hot water and acts as a central heating system and the system boilers which will require a hot water storage tank. These are sophistication in heat exchangers; low emissions as well as the small sizes. A gas condensing boiler is a piece of equipment for space heating and hot water supply in residential and commercial building which is found to have lower energy consumption and lower CO2 emissions than older traditional boilers.
Gas Condensing Boiler Trends
Type:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.67 % from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.67 % from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
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