Report overview
A hybrid boiler is the combination of a traditional boiler with a renewable system, such as an air source heat pump or ground source heat pump. It will automatically switch between the two energy sources depending on which is the most efficient at the time. Usually hybrid boilers are installed or sold with a hybrid system. These combine the best of old and new technologies by pairing a heat pump with a conventional gas, LPG or oil boiler.
This report aims to provide a comprehensive presentation of the global market for Hybrid Boiler, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hybrid Boiler. This report contains market size and forecasts of Hybrid Boiler in global, including the following market information:
Global Hybrid Boiler Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Hybrid Boiler Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Hybrid Boiler companies in 2022 (%)
The global Hybrid Boiler market was valued at US$ 616.3 million in 2022 and is projected to reach US$ 1375.7 million by 2029, at a CAGR of 12.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of hybrid boiler include Daikin Airconditioning, Immergas, Viessmann, Worcester Bosch, IBL Group, etc. Global top five manufacturers hold a share over 56%. The key players are mainly located in Europe, North America, China, Japan, and India. In terms of product, boiler with air source heat pump is the largest segment, with a share over 63%. And in terms of application, the largest application is commercial, with a share over 48%, followed by residential and industrial.
We surveyed the Hybrid Boiler manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hybrid Boiler Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Hybrid Boiler Market Segment Percentages, by Type, 2022 (%)
Boiler with Air Source Heat Pump
Boiler with Ground Source Heat Pump
Others
Global Hybrid Boiler Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Hybrid Boiler Market Segment Percentages, by Application, 2022 (%)
Commercial
Residential
Industrial
Global Hybrid Boiler Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Hybrid Boiler Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hybrid Boiler revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Hybrid Boiler revenues share in global market, 2022 (%)
Key companies Hybrid Boiler sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Hybrid Boiler sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Daikin Airconditioning
Immergas
Viessmann
Worcester Bosch
IBL Group
Hurst Boiler & Welding
OSAKA BOILER
Advanced Thermal Hydronics
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hybrid Boiler, market overview.
Chapter 2: Global Hybrid Boiler market size in revenue and volume.
Chapter 3: Detailed analysis of Hybrid Boiler manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hybrid Boiler in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Hybrid Boiler capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
