#Residential #Boiler #Market #Estimated #Worth #USD
New York, US, Aug. 29, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Residential Boiler Market Analysis by Type, Technology, Fuel Type and Region — Forecast till 2030” valuation is poised to reach USD 13 Billion by 2030, registering a 6% CAGR throughout the forecast period (2022–2030).
Residential Boiler Market Overview
The increasing concerns about greenhouse gas emissions and the measures to decrease the carbon footprints will offer lucrative opportunities for the market in the assessment period.
Residential Boiler Market Report Scope:
| Report Metric | Details |
| Market Size by 2030 | USD 13 Billion |
| Growth From 2022 to 2030 | 6% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Key Market Opportunities | Growing Concerns regarding Greenhouse Gas Emissions to offer Robust Opportunities |
| Key Market Drivers | Growing Need for Heating Equipment to Boost Residential Boiler Market Growth |
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Drivers
Growing Need for Heating Equipment to Boost Market Growth
The growing need for heating equipment for keeping home warm and heating water across the world will boost market growth in the assessment period.
High Installation Cost to act as Market Challenge
The high installation cost of residential boilers may act as a market challenge over the forecast period.
Complexity in Installation and Maintenance of Boilers to act as Market Challenge
The complexity in the installation and maintenance of residential boilers may act as a market challenge over the forecast period.
Residential Boiler Market Segments
The global residential boiler market is bifurcated based on type, technology, and fuel type.
By type, fire tube boiler will lead the market over the forecast period. This is…
Read on GNW: Residential Boiler Market Estimated to be Worth USD 13
