Driven by environmental policies uptake and increasing gasification in Asia Pacific, the domestic boiler market grew in 2017 to 15 million units, with China recording the most “dynamic market uptake”.
Socrates Christidis (pictured), senior market intelligence analyst, of Bsria’s World Market Intelligence Division, said: “The Chinese market, driven by the accelerated effect of the ‘coal to gas’ policy, is now by far the largest global market with over 4.6 million boilers sold in 2017. The Chinese market is dominated by wall mounted gas non-condensing boilers that accounted for 90% of the market in 2017.
However, despite South Korea recording a moderate decline in 2017, it is now the second largest market with just under 1.7 million boilers sold. With an 86% share, wall-mounted boilers also accounted for the majority of the market, the 57% share of non-condensing units is lower than in China.
UK has recorded sales of 1.6 million units in 2017 remaining in third position in the list of largest markets in 2017. With over 26 million boilers installed, there is a large replacement market where almost 100% of units sold are of gas condensing type.
