Last edited 23 Feb 2021

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Domestic boiler market 2019



[edit] Introduction

While cooling is often mentioned in the context of the impact climate change might have on its rising demand and consequently on the energy demand that growth in cooling need is likely to cause, heating is often somewhat neglected in global discussions on changes that are needed to reduce the CO2 emission levels. It is therefore worth having a closer look at the global heating market's performance as it provides a picture worth considering in further discussions about the net zero carbon future.

[edit] Market growth

The latest release of BSRIA heating reports with global outreach reveals that the world domestic boiler market has grown by 6% year on year in 2019, and sales of non-condensing boilers accounted for 48% of total sales across the world.

While condensing boilers dominate in the EU markets and are making stronger inroads in Turkey and the North American market, the non-condensing wall hung and floor standing boilers are prevalently sold in European countries outside the EU and across Asia.

Gas boilers (which account for the vast majority of sales worldwide) are still considered as good news in parts of the world, where coal was a basic heating fuel not that long ago. Gas prices that, with few exceptions, are usually lower than the price of electricity, help retain consumers.

Out of the total of some 15.6 million units sold globally, 68% are sold as replacements of older units and 32% are still installed in the newly built dwellings.

Boilers are usually installed to provide both heating and domestic hot water – such units accounted for some 83% of the global market in 2019. They are a convenient solution for both end users and installers.

[edit] Projections

So, what does the future hold for this market segment? Technologies that could displace boilers in homes are already available (heat pumps) and in some parts of the world policies are providing strong support for their uptake. Overall, heat pumps account for some 19% of the domestic heating market globally.

Research and development are intensifying to roll out green gas solutions, including the use of biogas and hydrogen, with some serious challenges still to overcome.

With strong regional differences in future performance, BSRIA has forecast the overall global boiler market to remain broadly flat between 2019 and 2024, before taking the impact of COVID-19 pandemic into consideration. The latter is likely to cause strong disruption in 2020 which will be assessed by the BSRIA team later in 2020.

The BSRIA global research programme on domestic and commercial boiler markets allows for analysis of the market dynamics on a global, regional and country levels, with country in-depth analysis available to support a more strategic decision taking process.

The studies provide a full understanding of the latest market trends in terms of sales development by product type, price evolution, structure of the supply, long-term forecast and analysis of driving forces.

This article was originally published as Domestic boiler market grew again in 2019, on the BSRIA blog on 29 April 2020. It was written by Aline Breslauer, Research Consultant, BSRIA WMI.


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