February 27, 2020
According to the research report titled ‘Europe Gas Fired Boiler Market Size By Technology, Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available at MarketStudyReport.com, the Europe gas fired boiler market is set to amass notable gains by the year 2026.
According to the report, strict government regulations regarding GHG emissions from traditional cooling and heating systems is a major factor driving the growth of Europe gas fired boiler industry. Surging infrastructural development and growing demand for energy efficient space heating and water boiling systems are further aiding the market expansion.
In terms of technology, the report states that condensing gas fired boiler market segment is presumed to expand significantly during the estimated timeframe. This type of boiler offers better reliability and efficiency as compared to non-condensing boilers. Moreover, it lessens heating costs and carbon emissions. These factors along with favorable government reforms towards utilizing green fuel systems are contributing towards the popularity of condensing gas fired boilers across Europe.
As per capacity, 10-50 MMBtu/hr gas fired boiler market segment is expected to register considerable growth during the forecast period. This type of gas boiler offers superior reliability and low fuel consumption. Adding to this, growing population is another growth driver for this segment.
Based on the application spectrum, commercial applications of gas fired boilers will witness lucrative growth rate during 2020-2026. Strict government regulations to reduce carbon footprint and growing demand to replace conventional heating systems are facilitating the business scenario in Europe.
As per the regional analysis, the report cites that the gas fired boiler industry in UK is poised to acquire commendable gains in the subsequent years, primarily due to stringent government regulations to reduce coal dependency. Moreover, shifting focus towards emission mitigation and increasing replacement of conventional boilers with gas fired boilers are boosting the market growth.
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The prominent companies operating in the Europe gas fired boiler industry are Bosch Thermotechnology, Groupe Atlantic, Viessman Ltd. Fondital S.p.A., Hoval, Mirua America Co. Ltd., Rentech Boiler Systems Inc., General Electric, Forbes Marshall Pvt. Ltd., AMEC Foster Wheeler Ltd., Hurst Boiler & Welding Co. Inc., Fulton Boiler Works Inc., and Babcock & Wilcox Enterprise Inc.
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