The general view now is that the Chinese commercial gas boiler market will move towards condensing technology in the future. Due to the expectation for future growth, an increasing number of competitors are entering this market, which is putting pressure on average sales prices.
Condensing boilers have been on the Chinese market for more than 5 years, and as the condensing technology is maturing, customers have started to buy local products instead of imported parts. The top foreign brands, which focus on condensing boilers, are now struggling to maintain their market share, whilst most local condensing boiler manufacturers have gained market shares in volume terms – albeit not the case in value terms.
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