Report: USA Heating Core + New Technologies 2009

Abstract

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
Distribution
Company/distributor profiles

Market Developments

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.