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Summary
The global boiler market, estimated at $85 billion in 2022, is projected to grow at a CAGR of 7.5% from 2023 to 2032, fueled by rising demand for energy-efficient and sustainable heating solutions. In the French market, boiler sales reached almost 750,000 units in 2021, with gas and oil condensing boilers dominating the market. However, sales declined in 2022, particularly for these types. France's trade balance for boilers remains largely in deficit, and the coverage ratio is less than 5%.
Key French players include Saunier Duval with sales of 289 million euros in 2021 and Société Industrielle de Chauffage at 538 million euros in 2021, while component manufacturer Sermeta reported 260 million euros in sales for 2022. The sector's shift towards digital technologies and smarter, more connected boilers suggests a future of more precise energy management.
Trends and Key Figures in the Heating Equipment Market
The heating equipment market in the specified country is undergoing significant changes influenced by ecological awareness, energy savings, and policy measures aimed at promoting more environmentally-friendly energy solutions. The market, a segment of the larger HVAC engineering category, emphasizes the development of sustainable and efficient heating systems. As part of the ecological transition, there is a major shift towards eliminating oil-fired boilers and encouraging the adoption of renewable energy equipment.
From a production standpoint, France had between 40 and 50 manufacturers specializing in central heating radiators and boilers as of 2022. Employment in this sector has risen from about 3,500 to over 4,000 individuals, indicating growth in the size of establishments. The production activity is primarily concentrated in the Grand Est and Bretagne regions.
In terms of market segmentation, wood-fired boilers saw a steady increase from over 9,000 units to approximately 45,000 units in 2022. Within this category, pellet-fired boilers, in particular, experienced substantial growth in recent years. Conversely, the gas and oil boiler sector is experiencing a transition from standard to condensing boilers, with the latter seeing a rise from 145,000 units to 510,000 units in 2020.
Concerning financial support, the government offers incentives for energy renovations, such as the "coup de pouce chauffage" that can reach up to €4,000, as well as eco-loans and tax credits to encourage the replacement of less efficient and pollutant heating systems with greener alternatives like biomass boilers.
Key Operators in the French Boiler and Heating Market
In the domain of French boiler manufacturing, several esteemed companies stand out due to their significant market presence and contribution to the industry.
- Saunier Duval, a member of the Vaillant Group, is a prominent name recognized for delivering reliable heating and hot water solutions.
- Another notable manufacturer is Société Industrielle de Chauffage, part of the Atlantic Group, known for its extensive range of heating products that accommodate a variety of customer needs.
- When it comes to domestic wood-burning appliances, the Invicta Group leads with its innovative designs and high-quality manufacturing, delivering products that not only provide warm and cozy environments but also emphasize aesthetic appeal.
- Additionally, SUPRA is also a key player, renowned for their commitment to creating efficient and environmentally-friendly heating solutions that align with consumer demands for sustainable living.
- Furthermore, Sermeta stands out as the world leader in condensing gas heat exchanger manufacturing. With its advanced technology and dedication to quality, Sermeta has become an essential component supplier, enabling countless households to enjoy efficient and effective heating systems.
As the market evolves with a focus on sustainability and efficiency, these companies continue to shape the landscape of the French boiler and heating industry through innovation, quality, and a dedication to customer satisfaction.
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Inforamtion
- Number of pages : 30 pages
- Format : Digital and PDF versions
- Last update : 25/11/2021
Summary and extracts
1 Market overview
1.1 Market overview and definition
The boiler market is part of the HVAC engineering category. HVAC engineering is a business with a strong focus on sustainable development and energy savings, since its aim is to develop solutions for regulating the temperature of business premises or homes. Because of the stakes involved, HVAC engineering, and therefore the boiler segment, is linked to renewable energies (solar, biomass, condensing boilers, biogas, etc.).
The market is largely influenced by growing ecological concerns, as well as the ever-increasing cost of energy to heat homes. The sector is also largely dependent on the public sphere and policies that can stimulate the use of more environmentally-friendly energy solutions.
Gas and oil condensing boilers are driving sales in the domestic market. By 2022, however, sales are set to decline, not least because of this particular segment.
In terms of foreign trade, France is largely in deficit, and this deficit is widening all the time (the coverage rate has fallen below 5%).
France's boiler market is also increasingly influenced by government measures to promote energy-efficiency renovations, which are steering the boiler market towards new product forms (notably high-performance boilers and biomass boilers). As a result, certain segments of the market could disappear altogether in the next decade, forcing players to reshape the structure of the market and renew their offering and positioning.
Innovation therefore represents a real growth driver for the market. with a renewed, ever more connected and intelligent offering, boilers should be able to manage energy consumption levels even more precisely and appropriately, an economic as well as an ecological advantage.
List of charts
- Wood fuel prices for home heating
- Establishments registered under activity 25.21Z
- Employees registered under activity 25.21Z
- Activity sales index 25.21Z
- Wood-fired boiler sales
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Latest news
Taurus: Wood-burning stoves: 21 of Supra's 28 employees threatened with redundancy - 10/07/2023
- The Obernai wood-burning stove factory is owned by the Spanish Taurus Group.
- The plant currently employs 28 people.
- The group has announced its intention to lay off 21 of these 28 employees for economic reasons.
- Supra, which was acquired by Taurus in February 2020, has been in existence for almost 150 years.
- Supra generates sales of ten million euros.
Yuna Josse, the new face of Saunier Duval | Yuna Josse joins Saunier Duval - 06/04/2023
- Saunier Duval has 1,100 employees
- Heat pump production has doubled by 2022 and will double again this year
- A 30 million euro investment plan has been launched to reorganize the Nantes plant.
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