Oil boilers for residential heating are an established form of heating especially in countries with less extensive gas supply coverage. Decarbonization policies such as bans in new buildings, but with robust sales in like-for-like replacement nonetheless, means that they are a very volatile market, difficult to predict, as renewable sources gradually replace fossil fuel heating sources. The picture in 2021 is mixed as they posted a growth in some countries, but a decline in others. This overview focuses on the state of the oil boilers’ market, looking at the current oil boiler market size segmentation, drivers, and post-COVID-19 5-year forecast.
Countries covered: Austria, Belgium, France, Germany, Ireland, Portugal, Spain, Switzerland, UK.
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