Global and United States Oil Condensing Boiler Market Report & Forecast 2022-2028
Oil condensing boilers are water heaters fueled by oil. They achieve high efficiency (typically greater than 90% on the higher heating value) by condensing water vapour in the exhaust gases and so recovering its latent heat of vaporisation, which would otherwise have been wasted. This condensed vapour leaves the system in liquid form, via a drain. In many countries, the use of condensing boilers is compulsory or encouraged with financial incentives.
Market Analysis and Insights: Global and United States Oil Condensing Boiler Market
This report focuses on global and United States Oil Condensing Boiler market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Oil Condensing Boiler market size is estimated to be worth US$ 487 million in 2022 and is forecast to a readjusted size of US$ 581.4 million by 2028 with a CAGR of 3.0% during the review period. Fully considering the economic change by this health crisis, by Type, Floor Standing Boiler accounting for % of the Oil Condensing Boiler global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Residential was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The oil condensing boilers is classified into the floor standing boiler and wall mounted boiler according to the product type. As of 2019, floor standing oil condensing boilers segment dominates the market contributing more than 73% of the total market share.
The oil condensing boilers market is concentrated market; key players include Worcester Bosch, Wolf GmbH, Viessmann, Grant Engineering, KD Navien, August Brotje GmbH, ELCO, De Dietrich Heating, Hoval, ROTEXP, FERROLI, Mistral Boilers, MHG Heating; the revenue of top five manufacturers accounts about 52% of the total revenue, in 2019.
Global Oil Condensing Boiler Scope and Market Size
Oil Condensing Boiler market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Oil Condensing Boiler market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Oil Condensing Boiler market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type, the Oil Condensing Boiler market is segmented into
Floor Standing Boiler
Wall Mounted Boiler
Segment by Application, the Oil Condensing Boiler market is segmented into
Residential
Commercial
Regional and Country-level Analysis
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Competitive Landscape and Oil Condensing Boiler Market Share Analysis
Oil Condensing Boiler market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2017-2022. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2017-2022. Details included are company description, major business, company total revenue and the sales, revenue generated in Oil Condensing Boiler business, the date to enter into the Oil Condensing Boiler market, Oil Condensing Boiler product introduction, recent developments, etc.
The major vendors covered:
Worcester Bosch
Wolf GmbH
Viessmann
Grant Engineering
KD Navien
August Brotje GmbH
ELCO
De Dietrich Heating
Hoval
ROTEXP
FERROLI
Mistral Boilers
MHG Heating
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