The boiler market - Italy

The term "boiler" refers to a household appliance that is used for heating systems and hot water production. The different types of boilers found on the market are gas-fired, hydrosonic, and condensing boilers. Usually, the factors that are taken into consideration when choosing a boiler are the type of heating (outdoor/indoor), the water circulation profile, the circulation system (natural, assisted, or forced), and the type of fuel (natural gas, LPG, oil, biomass). The global boiler market reached $4.17 billion worth in 2020 and is expected to reach $5.5 million by 2028. The world's steady industrial development means that this sector is considered thriving and still has big growth prospects. The general trend in the industry is to focus on high efficiency, synchronization with the home automation system, and the increasingly reduced risk of failures. In Italy, the market is especially driven by the goals set by the National Integrated Energy and Climate Plan (PNIEC), which leads to numerous energy upgrades that include the use of new technologies and innovative systems. Specific to boilers, those of the conventional type show a stable trend with a general market shift toward condensing boilers, electric or gas heat pumps, and hybrid systems. As many as 28,000 condensing boilers were sold in Italy in 2018, an increase in sales of about 9 percent over the previous year. The most popular category was wall-mounted boilers followed by floor-standing and steel-blown boilers. The positive trend of class A condensing boilers is pursued in the year 2019 as well, recording a 10% increase in sales compared to the year 2018.