Global boiler market 2016-2017
[edit] 2017 market
Driven by environmental policies uptake and increasing gasification in Asia Pacific, the domestic boiler market grew in 2017 to 15 million units, with China recording the most 'dynamic market uptake'.
Socrates Christidis, Senior Market Intelligence Analyst, BSRIA’s World Market Intelligence Division, said:
“The Chinese market, driven by the accelerated effect of the ‘coal to gas’ policy, is now by far the largest global market with over 4.6 million boilers sold in 2017. The Chinese market is dominated by wall mounted gas non-condensing boilers that accounted for 90% of the market in 2017.
"However, despite South Korea recording a moderate decline in 2017, it is now the second largest market with just under 1.7 million boilers sold. With an 86% share, wall-mounted boilers also accounted for the majority of the market, the 57% share of non-condensing units is lower than in China.
"The boiler market in South Korea is quite mature; further positive prospects until 2022 are based on replacement with condensing technology but are also limited due to the low growth rate of population, residential construction market and economy.”
UK has recorded sales of 1.6 million units in 2017 remaining in third position in the list of largest markets in 2017. With over 26 million boilers installed, there is a large replacement market where almost 100% of units sold are of gas condensing type.
In 2017, the other countries to record markets of over one million domestic units were Turkey and Russia, while the North American market remains a low consumer of domestic boilers with around 400,000 units sold per annum.
In the commercial boiler market China is again the largest market with just over 109,100 units sold in 2017, with the North American (55,500) market being the second and Turkey (50,100) the third largest market.
While China is expected to post a fair growth of 5% in the next five years, higher growth rates of between 5.8% and 6.8% are expected in North America, Turkey and Russia. European commercial boiler markets are more under pressure with under 150 kW wall-mounted boilers more likely to grow.
[edit] 2016 market
Driven by environmental policy uptake and increasing gasification in Asia the domestic boiler market grew in 2016 to 12.7 million units, with China recording the most dynamic market uptake.
The growth in the China and South Korea markets resulted in the UK no longer being the largest world market for domestic boilers, now just the third largest according to the latest BSRIA market intelligence study published in July 2017.
The Chinese market, driven by the roll out of the 'coal to gas' policy, is now the largest global market with more than 1.77 million boilers sold in 2016 and further dynamic growth expected until 2021. The Chinese market is dominated by wall mounted gas non-condensing boilers, which accounted for 87% of the market in 2016.
[Graph: Yearly sales of domestic boilers by country - CAGR 2016 in EU: -1%, CAGR 2020 outside EU: 17%.]
South Korea also recorded good growth in 2016, becoming the second largest market with more than 1.75 million boilers sold, and further growth prospects until 2021. With a 76% share, wall-mounted boilers accounted for the majority of the market. The share of non-condensing units is however lower than in China, with condensing technology advancing continually.
The UK recorded sales of 1.7 million units in 2016, placing it third in the list of largest markets in 2016. With more than 26 million boilers installed, there is a large replacement market, in which almost 100% of units sold are of the gas condensing type.
The other countries with markets of more than 1 million domestic units were Turkey and Russia, whilst the North American market remains a low consumer of domestic boilers with around 400,000 units sold a year.
In the commercial boiler market China is again the largest market with more than 92,500 units sold in 2016, with the North American market was the second largest and Turkey the third largest market. While China is expected to post a fair growth of over 2% in the next few years, the highest growth rate (6.6%) is expected in Russia.
European commercial boiler markets are under pressure with floor standing boilers experiencing particular difficulties.
This article was originally published here in July 2017 and here in July 2018 by BSRIA.
--BSRIA
[edit] Related articles on Designing Buildings
- 2021 UK HVAC trends: winners and losers.
- BSRIA articles on Designing Buildings Wiki.
- Biomass boiler.
- Boiler.
- Boiler markets and the green recovery.
- Building heating systems.
- Condensing boiler.
- Domestic boiler market 2019.
- European decarbonisation and heating technologies beyond 2021.
- Global study of challenges and opportunities in the BACS market.
- Industrial gas boilers market 2020.
- Radiator.
- Thermal comfort.
- Types of domestic boiler.
Featured articles and news
How can digital twins boost profitability within construction?
A brief description of a smart construction dashboard, collecting as-built data, as a s site changes forming an accurate digital twin.
Unlocking surplus public defence land and more to speed up the delivery of housing.
The Planning and Infrastructure bill oulined
With reactions from IHBC and others on its potential impacts.
Farnborough College Unveils its Half-house for Sustainable Construction Training.
Spring Statement 2025 with reactions from industry
Confirming previously announced funding, and welfare changes amid adjusted growth forecast.
Scottish Government responds to Grenfell report
As fund for unsafe cladding assessments is launched.
CLC and BSR process map for HRB approvals
One of the initial outputs of their weekly BSR meetings.
Architects Academy at an insulation manufacturing facility
Programme of technical engagement for aspiring designers.
Building Safety Levy technical consultation response
Details of the planned levy now due in 2026.
Great British Energy install solar on school and NHS sites
200 schools and 200 NHS sites to get solar systems, as first project of the newly formed government initiative.
600 million for 60,000 more skilled construction workers
Announced by Treasury ahead of the Spring Statement.
The restoration of the novelist’s birthplace in Eastwood.
Life Critical Fire Safety External Wall System LCFS EWS
Breaking down what is meant by this now often used term.
PAC report on the Remediation of Dangerous Cladding
Recommendations on workforce, transparency, support, insurance, funding, fraud and mismanagement.
New towns, expanded settlements and housing delivery
Modular inquiry asks if new towns and expanded settlements are an effective means of delivering housing.
Building Engineering Business Survey Q1 2025
Survey shows growth remains flat as skill shortages and volatile pricing persist.