세계의 콤비 보일러 시장 : 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Combi Boiler Market was valued at USD 35.7 billion in 2024 and is estimated to grow at a CAGR of 7.7% to reach USD 76.7 billion by 2034, driven by the increasing adoption of energy-efficient residential heating systems and stricter government regulations on emission control. As governments introduce incentives and implement stringent policies to reduce emissions, the demand for advanced, environmentally friendly boilers is rising. Technological advancements like IoT integration, which enables remote monitoring and real-time diagnostics, make boilers smarter and more efficient. These upgrades improve operational safety, offer better control, and enhance system reliability for residential and light commercial applications.

The growing emphasis on reducing carbon emissions pushes the market toward cleaner and more efficient heating systems. This is further supported by the rise in smart homes, where integrated systems that allow remote control and monitoring are becoming increasingly popular. Combi boilers, particularly those that don't require storage tanks, are gaining popularity due to their compact design and energy-efficient operation. In addition, new hydrogen-ready models are expected to drive market growth as they cater to the demand for sustainable energy solutions.

The natural gas combi boiler segment is projected to maintain a steady growth trajectory, with an expected CAGR of 7% through 2034, fueled by advancements in gas extraction technologies, which have improved efficiency and reduced costs. The relatively low installation and operational expenses of natural gas systems further drive their adoption in residential and commercial applications. With a shift towards more sustainable and eco-friendly technologies, natural gas combi boilers are well-positioned to meet the demand for cost-effective and efficient heating solutions.

Condensing combi boilers remain the dominant choice within the market, accounting for 96.4% in 2024, attributed to their energy-efficient design, which extracts additional heat from exhaust gases, allowing them to achieve higher efficiency levels than conventional systems. This energy-efficient feature not only helps reduce energy consumption but also minimizes the environmental impact of heating systems. As governments and consumers prioritize sustainability and cost-efficiency, the demand for condensing boilers is expected to rise, driven by stringent environmental regulations and the growing adoption of green technologies in home heating systems.

United States Combi Boiler Market was valued at USD 1.1 billion in 2024, with expectations for continued growth as urbanization accelerates and home renovation projects increase. The shift towards more energy-efficient heating systems is further stimulated by the growing trend of retrofitting older homes with modern, environmentally friendly solutions. As energy costs continue to rise and homeowners seek to reduce their carbon footprint, adopting energy-efficient boilers is becoming more widespread.

The key players in the Global Combi Boiler Market include companies such as Rheem Manufacturing, Bosch, Daikin Industries, Navien, and A.O. Smith. These companies are enhancing their market position by focusing on innovation, expanding product portfolios, and offering energy-efficient and environmentally friendly products. Many manufacturers invest in customer service and after-sales support to differentiate themselves in the competitive market. Additionally, they are exploring new business models, such as providing IoT-enabled smart boilers, to tap into the growing demand for connected home solutions.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
• 1.2 Market estimates & forecast parameters
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid
    • 1.4.2.2 Public
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Trump administration tariffs analysis
  • 3.2.1 Impact on trade
    • 3.2.1.1 Trade volume disruptions
    • 3.2.1.2 Retaliatory measures
  • 3.2.2 Impact on the industry
    • 3.2.2.1 Supply-side impact (raw materials)
      • 3.2.2.1.1 Price volatility in key materials
      • 3.2.2.1.2 Supply chain restructuring
      • 3.2.2.1.3 Production cost implications
    • 3.2.2.2 Demand-side impact (selling price)
      • 3.2.2.2.1 Price transmission to end markets
      • 3.2.2.2.2 Market share dynamics
      • 3.2.2.2.3 Consumer response patterns
  • 3.2.3 Key companies impacted
  • 3.2.4 Strategic industry responses
    • 3.2.4.1 Supply chain reconfiguration
    • 3.2.4.2 Pricing and product strategies
    • 3.2.4.3 Policy engagement
  • 3.2.5 Outlook and future considerations
• 3.3 Regulatory landscape
• 3.4 Industry impact forces
  • 3.4.1 Growth drivers
  • 3.4.2 Industry pitfalls & challenges
• 3.5 Growth potential analysis
• 3.6 Porter's analysis
  • 3.6.1 Bargaining power of suppliers
  • 3.6.2 Bargaining power of buyers
  • 3.6.3 Threat of new entrants
  • 3.6.4 Threat of substitutes
• 3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2025

• 4.1 Introduction
• 4.2 Strategic dashboard
• 4.3 Strategic initiatives
• 4.4 Company market share analysis, 2024
• 4.5 Competitive benchmarking
• 4.6 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Fuel, 2021 - 2034 (USD Million & ‘000 Units)

• 5.1 Key trends
• 5.2 Natural gas
• 5.3 Oil
• 5.4 Electric
• 5.5 Others

Chapter 6 Market Size and Forecast, By Technology, 2021 - 2034 (USD Million & ‘000 Units)

• 6.1 Key trends
• 6.2 Condensing
• 6.3 Non-condensing

Chapter 7 Market Size and Forecast, By Region, 2021 - 2034 (USD Million & ‘000 Units)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
• 7.3 Europe
  • 7.3.1 Denmark
  • 7.3.2 Finland
  • 7.3.3 Norway
  • 7.3.4 Sweden
  • 7.3.5 UK
  • 7.3.6 Russia
  • 7.3.7 Romania
  • 7.3.8 Poland
  • 7.3.9 Austria
  • 7.3.10 Belgium
  • 7.3.11 France
  • 7.3.12 Germany
  • 7.3.13 Netherlands
  • 7.3.14 Switzerland
  • 7.3.15 Greece
  • 7.3.16 Italy
  • 7.3.17 Portugal
  • 7.3.18 Spain
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Japan
  • 7.4.3 South Korea
  • 7.4.4 Australia
• 7.5 Middle East & Africa
  • 7.5.1 Saudi Arabia
  • 7.5.2 UAE
  • 7.5.3 Nigeria
  • 7.5.4 South Africa
• 7.6 Latin America
  • 7.6.1 Brazil
  • 7.6.2 Argentina
  • 7.6.3 Mexico

Chapter 8 Company Profiles

• 8.1 A.O. Smith
• 8.2 Alpha Heating Innovation
• 8.3 Ariston Holding
• 8.4 Bradford White
• 8.5 Daikin Industries
• 8.6 Electric Heating Company
• 8.7 Electric Heating Systems
• 8.8 Ferroli
• 8.9 HTP
• 8.10 Laars Heating Systems
• 8.11 Lochinvar
• 8.12 Navien
• 8.13 Rheem Manufacturing
• 8.14 Rinnai America
• 8.15 Robert Bosch
• 8.16 Thermo 2000
• 8.17 Thermodyne Boilers
• 8.18 Triangle Tube
• 8.19 Viessmann
• 8.20 Weil-McLain