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 per cent 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 five per cent in the next five years, higher growth rates of between 5.8 per cent and 6.8 per cent are expected in North America, Turkey and Russia. European commercial boiler markets are more under pressure with under 150kW wall mounted boilers more likely to grow.
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The latest BSRIA World Heating studies covering most European and World crucial markets and reporting on the five key product areas of domestic boilers, commercial boilers, water heaters, radiators and underfloor heating was published in May/June 2018.
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