About Hybrid Boiler
A hybrid condensing boiler heats a building by combining condensing and non-condensing boilers. The main benefits of using a hybrid system are cheaper installation costs and increased system efficiency. This also aids in the regulation of the boiler system's initial cost. Electric boilers are also utilized in hybrid boiler facilities to effectively burn fuels and create substantial amounts of heat.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 202 |
Unit | Value (USD N) |
CAGR | 12.7% |
The global market for Hybrid Boiler is fragmented by the global key players owing to the rising demand for the wheat germ oil in cosmetic industry due to nutritional contain like vitamin E and in food supplements industry as functional and convenience foods. The growing field of organic oil usage in daily life because of rising awareness for healthy lifestyle and diet is pushing the manufacturers to innovate new products integrated with wheat germ oil. Analyst at AMA Research estimates that United Kingdom Manufacturers will contribute the maximum growth to Global Hybrid Boiler market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Daikin Airconditioning UK Ltd (United Kingdom), Cerney (United Kingdom), Warm Front Ltd (United Kingdom), PARAT Halvorden (Norway), Hies consumer code (United Kingdom), Goes Heating Systems (United States), Hurst Boiler & Welding Co. Inc. (United States), OSAKA BOILER MFG. Co. Ltd (Japan), Sermeta (France), Superior Boiler Works, Inc. (United States) and Immergas S.p.A (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ambica Boiler Private Limited (India), PRESSELS PVT.LTD (India) and IBL group (Mauritius).
Segmentation Overview
AMA Research has segmented the market of Global Hybrid Boiler market by , Application (Residential Building, Collage & Schools, Office Building, Hospitals, Supermarket & Malls, Factories & Plants and Vessels & Marine) and Region.
On the basis of geography, the market of Hybrid 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). If we see Market by Installation, the sub-segment i.e. New Installed will boost the Hybrid Boiler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Commercial will boost the Hybrid Boiler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Heat Capacity, the sub-segment i.e. Less than 1,000 lbs/hr. will boost the Hybrid Boiler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Automated Technology for Boiler Fuel Such as Artificial Intelligence and Internet on Things and Installation in Ships to Supply Steam to the Engine
Market Growth Drivers:
Advancement in Hybrid Boiler with Hydraulic Separator to Protect from Air and Dust Present in System Pipeline and Rising Demand of Flexi-Fuel Boiler in Multi-Functional System
Challenges:
Complex Installation and Assembling of Hybrid Boiler can hinder the Market and Lack of Skilled Labor to Operate the Boilers is Challenge for the Hybrid Boiler Market
Restraints:
High Maintenance and Repairing Over Conventional Boiler Can Hamper the Hybrid Boiler Market
Opportunities:
Significant Use of Boiler in Residential Purpose will grow the Hybrid Boiler Market
Market Leaders and their expansionary development strategies
In Feb 2021, Heru a UK firm announces a partnership with Siemens to advance the production of the energy-from-waste hybrid boilers. This partnership will help the HERU Hybrid Water Heating System's manufacturing phase by providing important expertise and best practices presently employed inside. This is a pivotal step in bringing the HERU to market, and it builds on the promising findings of continuing field testing as well as an independent lifecycle evaluation by Ricardo Energy & Environment.
On 13 Oct 2021, PARAT Halvorsen has launched a new multi-fuel boiler that delivered ongoing assets tremendous flexibility. The MCS Combined Exhaust Gas / Fuel-Fired / Electrical Boiler from the business is a small, high-efficiency boiler that allows ship operators to move between multiple fuel sources to maximize efficiency. Its adaptable design may also reduce emissions, provide additional electrical backup during vessel operations, and allow ships to utilize more environmentally friendly and emission-free shore power when available. The new boiler is appropriate for a wide range of maritime and offshore assets, and it represents a substantial step forward in both sectors in terms of decarburization.
Key Target Audience
Hybrid Boiler Manufactures, Hybrid Boiler Distributors and Suppliers, Hybrid Boiler International Traders, Research and Development Institutes, Upstream and Downstream Buyers, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.