Market Research Report
Russia Heating 2019
|Published by||BRG Building Solutions||Product code||260847|
|Published||Content info||191 Pages
Delivery time: 1-2 business days
|Russia Heating 2019|
|Published: May 31, 2019||Content info: 191 Pages||
This report provides an in-depth analysis of the Russian heating market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.
The overall European heating market experienced modest growth rates during the 1990s and early 2000s as the market benefited from high construction activities (both residential and non-residential), a strong economic performance and private consumption growth. Developments for the overall European heating market mainly depend on the market developments in Russia, Turkey, United Kingdom and France, which together account for more than 50% of total heating product sales volumes.
However this positive development came to an abrupt end towards the end of 2008, when the economic crisis started to take effect on the heating markets in the leading countries of Europe. This negative development was mainly caused by the downturn of construction activity and the pressure on household expenditure.
The boiler and hydronic heat pump markets are shaped by the move towards more efficient products driven by Ecodesign. The 2018 market developed positively with an overall volume growth rate across Europe of about 6%.
The market for solar thermal collectors is continuing its contraction across most of Europe (approximately -3%), with some exceptions. Radiators are facing tough competition from the underfloor heating market, increasingly also in the RMI segment, and contracted further in 2018 (-2%).
The medium-term outlook over the coming five years for the boilers and hydronic heat pumps market is positive with expected growth rates in the lower single digits. The main market drivers are new housing activities as well as replacement patterns.
This report focuses on the following product categories: