09 July 2019 | Herpreet Kaur Grewal
The Asia-Pacific region remains the largest heating market in the world, in volume terms, despite a decline in sales volume in 2018 by 8 per cent, according to research by BSRIA.
Wall-hung, non-condensing boilers dominate, but heat pumps are increasingly important, reaching 40 per cent of the heating market in that region, according to BSRIA.
China, by far the largest heating market in the region, has seen mixed performance in 2018 with domestic boilers recording a significant fall in sales.
In Europe, ErP [energy-related products] legislation has ensured that condensing boilers dominate the marketplace; Turkey has just introduced similar legislation making condensing technology mandatory.
The trend away from floor-standing boilers towards wall-hung type continues and has seen a 6 per cent swing in 2018; that is happening in both Western and Eastern Europe alike.
Europe has also recorded the dynamic growth of 13 per cent in the hydronic heat pump market, with France being a strong market leader in terms of the number of units sold and Germany, Ireland, Italy, Netherlands and UK being most important markets in terms of growth recorded.
Heating in North America continues to be dominated by furnaces, however, wall-hung condensing boilers continue to make strong inroads to the residential market, where they now account for 36 per cent.
Condensing technology is also progressing strongly, with condensing residential and commercial boilers reaching the 57 per cent share of the total boiler market.
BSRIA's investigation of the countries' market shares reveals a dynamic change of the competitive landscape, as big players keep moving into emerging or faster-growing markets.
The recently published BSRIA World Market Intelligence studies on heating monitor the global and regional heating markets and their dynamics in technology, sales volume and competitive environment.
The reports explain heating practices of the nations, look at the impact of policies and technology innovations that aim to reduce CO2 emissions and respond to the consumer expectations.
BSRIA reports include information on sales, with a high level of granularity in segmentation, on legislation, regulations and incentives, technology shifts, changes in energy prices and also analyse how all these factors affect each territory's market.