Abstract
Europe Heating Report - Core Option
This report gives an in depth insight into the development of the European
market for core heating products. The sectors covered within this option
include boilers & burners, radiators and water heaters and each report
includes:
- Trends (volume) 1996-2007 and forecasts to 2012
- Market value & average prices 2007
- Product segmentations
- Market shares
- Distribution
- Company/distributor profiles
Market Developments
The traditional heating markets of the 30 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.
Most markets 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 high
levels.
The key factors in the growth of the European heating products market up to 2007 have been:
- The key factors in the growth of the European heating products market up
to 2007 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.
From 2007, most markets started 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.
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