BSRIA has released its findings from the latest Traditional and Renewable Heating World Markets Analysis, publishing 80 reports for 22 countries as part of its World Multi-Client Study.
BSRIA Worldwide Market Intelligence (WMI) senior manager Krystyna Dawson said: “Europe has seen a different development overall. Nearly all the main European heating markets have recorded a decrease in sales of boilers in 2014.
“Weak economy, efficiency requirements in the new-build sector and uncertainty about the future in both economics and regulations have caused the consumers to adopt a ‘wait and see’ attitude. The UK, with the biggest domestic boiler market worldwide, has been a bright spot of the region recording further growth, thanks to the ongoing Energy Company Obligation programme 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. This allows it to observe what type of systems are installed in the new-build segment as well as for replacement in existing dwellings.
Ms Dawson said that while in the EU the shift towards condensing technology had already started in view of the imminent introduction of the Energy-related Products Directive in September, the remaining large boiler markets are prevalently non-condensing in both the new build and replacement sectors.
The reports contain analysis of the current market as well as a five-year forecast prepared based on the analysis of main market drivers.
Description of the competitive market environment is also provided, which includes market shares per type of products and analysis of the distribution channels.
BSRIA can provide heating studies that includes analysis of:
- domestic boilers (including heat-interface units);
- commercial boilers;
- comprehensive water heating;
- radiators; and
- underfloor heating.