BSRIA Shares Heating Market Reports
World Multi-Client Study includes 80 reports for 22 countries
BRACKNELL, U.K. — BSRIA recently launched its findings on the latest Traditional and Renewable Heating World Markets Analysis (May 2015), publishing 80 reports for 22 countries as part of its World Multi-Client Study.
Worldwide sales of boilers are growing, supported by positive economic developments and progressing gasification in many heating regions worldwide. China, South Korea, and Iran have represented particularly bright spots in 2014.
“Europe has seen a different development overall,” said Krystyna Dawson, senior manager, heating and renewables, BSRIA Worldwide Market Intelligence. “Nearly all the main European heating markets have recorded a decrease in the sales of boilers in 2014. A weak economy, efficiency requirements in the new build market, and uncertainty about the future in both economics and regulations have caused consumers to adopt a ‘wait and see’ attitude. The U.K., the biggest domestic boiler market worldwide, has been a bright spot of the region, recording further growth thanks to the ongoing ECO obligation program and positive economic development alike.
“BSRIA WMI reports analyse the world boiler market by type of technology used, tracking the development of the most-efficient products as well as by the end-user segment and the way products are installed, both allowing to observe what type of systems are installed in the new build segment and as a replacement in existing dwellings,” Dawson continued. “While in the EU area, the shift toward condensing technology has already started in view of the imminent introduction of the ErP legislation in September, the remaining large boiler markets are prevalently noncondensing in both the new build and replacement segments.”
Although the market volume is not expected to grow significantly in Europe in the years to come, the market value will increase, thanks to the increasing dominance of condensing technology.
The published reports contain a comprehensive analysis of the current market as well as a five-year forecast based on the analysis of main market drivers and a methodology that provides a holistic approach to the market. A description of the competitive market environment is also provided that includes market shares per type of products and analysis of the distribution channels.
To order a copy of the report, contact Steve Turner at email@example.com or 01344 465 610.
Publication date: 9/21/2015