

This report gives an in depth insight into the development of the European market for core heating products. The sectors covered within this option include boilers & burners, radiators and water heaters. Each report includes:
The heating markets of the studied countries had experienced strong growth in the decade leading up to 2007
In the traditional heating technology sectors, most markets have however experienced some years of slight decrease after the turn of the millennium, due to global economic slowdown. Up until 2007, most markets enjoyed dynamic sales, some of them reaching historically high levels. The main factors for this growth were:
However, in 2008 the European markets for heating products began to feel the full effects of the global economic crisis, with sales declines witnessed across a wide range of product and markets. The decline in construction activity in all key markets had a particularly profound effect on sales. The length and depth of the recession will determine the future evolution of the market.
In terms of product trends, the past decade has seen the increasing significance of energy efficient heating technologies, which have had a strong impact on the overall replacement sales. The emergence of condensing boilers and some types of low temperature heating systems underline this trend.
In recent years, New/Renewable Technologies (heat pumps, solar thermal and solid fuel/biomass boilers) have offered a wider range of environmentally friendly heating solutions to the end user and stimulated innovations and product development from manufacturers.