What is Condensing Oil Boiler Market Scope?
Condensing oil boilers are closed pressure vessels that are used to heat fluids such as water or steam. They range in size, fluid, the temperature of the fluid, and design configurations in condensing oil boilers the heat exchanger has to be made of robust materials to prevent the acidic condensate from rusting and completely demeaning the materials within the boiler and the outlet stack. Condensing oil boiler are heat exchangers that constructed of either stainless steel or aluminium construction that are more resistant to acid in the acidic condensate compared to non-condensing oil boilers that are made of cast iron, steel, or copper. The rising demand for condensing oil boilers across the chemical industries is one of the key driver fuelling the growth of the market.
The Condensing Oil Boiler market study is being classified, by Application (Textile industry, Pharmaceutical, Chemical, Domestic purpose and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United Kingdom and German will contribute to the maximum growth of Global Condensing Oil Boiler market throughout the predicted period.
The Viessmann Group (Germany), The Vaillant Group (Germany), De Dietrich Company (France), Grant Engineering (Ireland), Rotex Automation Limited (India), Firebird heating solutions (Ireland), Hounsfield Boilers Ltd (United Kingdom), PB Heat LLC (United States) and Daikin Industries, Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Mistral Energy Products Limited (United Kingdom), U.S. Boiler Company, Inc. (United States), PERGE (Ireland), Warmflow (Ireland) and Hoval Group (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Condensing Oil Boiler market by Type, Application and Region.
On the basis of geography, the market of Condensing Oil Boiler has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In June 2018, Daikin Industries, Ltd., a Japanese air conditioning manufacturing company launched A2 condensing oil boiler that is the solution for boiler replacement and the modernisation of heating systems that maximizes the energy efficiency through wide modulation range ensuring ultra-convenient hot water production in high-end bathrooms and showers.
Influencing Market Trend
- Lower Temperature of Combustion Products in Condensing Oil Boiler than Non-Condensing Oil Boiler
Market Drivers
- Condensing Oil Boilers Help in Combat Climate Change by Reducing CO2 Emissions
- Condensing Oil Boilers Are More Space-Efficient
- Growing Demand for Condensing Oil Boilers in Manufacturing Sectors
Opportunities
- Condensing Oil Boilers Are Better Than Non-Condensing That They Are At Least 25% More Efficient
Restraints
- High Initial Cost
- Maintenance of Condensing Oil Boilers Are Necessary For Efficient Running
Challenges
- Condensing Oil Boilers Produces Carbon Dioxide Which Is Harmful To Environment
Key Target Audience
New Entrants/Investors, Condensing oil boiler Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations, End Use Industry and Others
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