According to the research report titled ‘Combi Boiler Market Size By Fuel Type (Natural Gas, Oil, Others), By Technology (Condensing, Non-Condensing), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026’, available with MarketStudyReport, global combi boiler market is anticipated to witness annual installations of more than 11 million units by 2026.
 

Surging consumer demand for energy-efficient and cost-effective heating systems is the major factor driving worldwide combi boiler market growth.
 

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Government trends for adopting strict rules to decrease primary energy usage throughout residential settings, driven by rising environmental concerns and a strong focus on decreasing the global carbon footprint, is likely to propel product adoption in the coming years.
 

Rising demand for equipment across the residential sector owing to low maintenance and installation charges, high energy efficiency, and compact size will further boost the market outlook.
 

Based on technology, condensing segment is anticipated to witness greater demand over the forecast period, due to several benefits including higher operational efficiency, easy installation, and compact size.
 

Speaking of fuel type terrain of combi boiler industry, gas fired segment is slated to register remarkable growth over 2020-2026, due to harmonization of product prices, and consumer inclination for switching to sustainable heating technologies.
 

Considering the regional outlook, the research literature industry trends spans across North America (US, Canada), Europe (Denmark, Finland, Norway, Sweden UK, Ukraine, Russia, Romania, Poland, Austria, Belgium, France, Germany, Netherlands, Switzerland, Greece, Italy, Portugal, Spain), Asia Pacific (Japan, China, South Korea, Australia), Middle East and Africa (Saudi Arabia, UAE, Nigeria, South Africa), Latin America (Brazil, Argentina, Mexico).
 

Out of these, Asia Pacific market is expected to grow at a CAGR of 6% during 2020-2026. The region is home to a prominent construction sector driven by the strong economic growth, combined with increasing urbanization and industrialization, which is predicted to stimulate building & infrastructure development in the coming years, thus prompting regional market growth.
 

Key players in global combi boiler market are Bosch Thermotechnik GmbH, Daikin Industries Ltd., BDR Thermea Group, Wolf GmbH, Viessmann Group, A. O. Smith Corporation, HTP (Ariston Thermo USA LLC),  Hoval AG, Fondital S.p.A, Ferroli S.p.A, Vaillant Group, Fonderie Sime S.p.A., ACV - Excellence in Hot Water, Kyungdong Navien Co., Ltd.,  Groupe Atlantic, Ariston Thermo S.p.A., and Thermodyne Engineering Systems.