These reports give an in depth insight into the development of the European
heating market. In 2009, the coverage of product sectors has been extended not
only to cover core heating technologies (boilers & burners, radiators & water
heaters), but also selected new heating technologies (heat pumps, solar
thermal and /solid fuel/biomass heating). Each report includes:
- Trends (volume) 1996-2007 and forecasts to 2012
- Market value & average prices 2007
- Product segmentations
- Market shares
- Company/distributor profiles
The heating markets of the studied countries have globally experienced growth
over the past decade due to sustained construction activity in most countries
and high replacement levels in some of the more developed economies.
In the traditional heating technology sectors, most markets have however
experienced some years of slight decrease after the turn of the millennium,
due to global economic slowdown. Up until 2006, most markets were enjoying
dynamic sales, some of them reaching historically levels. The key factors in
the growth of the European heating products market up to 2008 have been:
- the development of heating appliances/equipment in selected Southern and
Eastern European countries
- in large West European countries, a growing replacement market fed by a
very old existing boiler park,
- and by the large quantities of wall hung boilers installed in the 1970' s
and 1980' s which are now yielding increasing
- replacement sales
- the overall sustained construction activity in most countries.
The past decade has also seen the increasing significance of energy efficient
heating technologies, which have had a strong impact on the overall
replacement sales. The emergence of condensing boilers and some types of low
temperature heating systems underline this trend.
In recent years, New/Renewable Technologies (heat pumps, solar thermal and
solid fuel/biomass boilers) have offered a wider range of environmentally
friendly heating solutions to the end user and stimulated innovations and
product development from manufacturers.
In 2008, the markets continued to face new challenges with the impact of the
global financial crisis, including lower construction output and declining
consumer confidence. The outcome of the crisis will determine the future
evolution of the markets.