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Summary and extracts

1 Market overview

1.1 Definition and presentation

Heating covers all the equipment used to produce heat and improve thermal comfort in the home, as well as in industry, where energy consumption for space heating or industrial processes is a key variable. This market study looks at the various stakeholders: producers of raw materials and equipment, installers and distributors, as well as the main customer industries.

At European level, heating and hot water account for 79% of household energy consumption, while space and process heating account for 70.6% of industrial energy consumption. The European market, however, is highly fragmented, with major differences in heating equipment, due not only to the habits of individual countries, but also to significant temperature differences between the north and south of the continent.

In Spain, the heating market fell by 8% in 2020, due to a slowdown in economic activity caused by confinement and business restrictions. Concerning the existing stock, 52% are conventional gas and oil-fired boilers, 37% gas and oil-fired condensing boilers, 6% solid fuel equipment and 3% heat pumps with less than 1% other technologies. The market is driven by the fast-growing renovation segment, as the quest for energy efficiency is supported by the government for both economic and ecological reasons. The market is expected to grow by over 30% by 2021, demonstrating the sector's dynamism.

1.2 The global market

The global market for heating equipment will grow steadily between **** and ****. In ****, the market was worth $**.** billion. By ****, it had risen to $**.** billion, an increase of **.*%. In ****, the market value is estimated at **.** billion, up *.*% on the previous year. In ****, the market should continue to grow, reaching **.** billion, an increase of ...

1.3 The domestic market

The heating sector in Spain has seen a contrasting evolution in terms of sales between **** and ****. After a slight drop of *.*% between **** (***), the sector saw a sharp rise of ***% in ****, reaching *** million euros. This growth continued in ****, with an increase of **.*%, taking sales to *,*** million euros. The sector's dynamism can be ...

1.4 Spanish energy mix

The Spanish government has set targets for changing the country's energy mix by ****. Compared to ****, fossil fuels are set to decrease by **% to **.*** million tonnes of oil equivalent. Nuclear power generation is set to fall by **% to *.* million tonnes of oil equivalent. Other forms of energy, which accounted for *,*** million tonnes ...

2 Demand analysis

2.1 The state of the Spanish real estate market

In ****, Spain had a total housing stock of **,***,*** homes and offices. Of these, buildings with more than ** apartments account for **.**% of the total Spanish housing stock. Buildings with * to * apartments account for **.**% of the total, and two-family homes for *.**%. Finally, office buildings are in the minority, with a share of *.**%.

Breakdown ...

2.2 Current heating structure in Spain

The map below shows Spain's climate zones. They have been defined by the CTE, the technical building code that governs Spanish insulation standards. The blue zones correspond to cold, mountain climates, while the zones tending towards red represent warmer climates. Heating demand is therefore determined by this climatic reality, and will ...

2.3 Typology of demand

Between **** and ****, there is a general downward trend in consumption in thousands of Ktoe, with some fluctuations. After a peak of **** in ****, there was a significant drop of **% in **** to ****. This value remained stable in ****. In ****, a slight increase of *% was noted to reach ****. However, in ****, a decrease of *% was recorded, ...

3 Market structure

3.1 Value chain

The graph below shows the value chain in the Spanish heating sector:

The stages in this value chain include the following:

Equipment manufacture: Spanish manufacturers produce a wide range of heating equipment, including boilers, radiators, heat pumps, solar thermal systems and systems based on renewable energies. Distribution: Heating equipment is distributed ...

3.2 Production

The number of companies in CNAE code ****, which corresponds to "Manufacture of radiators and boilers for central heating", has fluctuated over the past six years. Comparing annual data, there was a **.**% increase from **** to ****, followed by a **.**% drop in ****. In ****, the number of companies rose slightly by *.**% compared to ****, followed by ...

4 Offer analysis

4.1 Types of heating systems

There are two main categories of heating systems: "centralized" and "decentralized".[***] 

Source: ****

Centralized" systems are made up of three components:

the generator that produces the heat ; the distribution system, which transports this energy from the generator to its place of use (***); the emitter, which delivers the heat to the user.

Decentralized" ...

4.2 Prices

Energy prices in Spain. We can see that this rise in prices may prompt Spaniards to change their heating habits.

Price index base ***, **** for electricity, gas, steam and air conditioning Spain, ****-****, index base ***, **** Source: ****

The table below shows the cost of different heating systems:

Type of heating Costs Gas-fired heating Condensing ...

4.3 Supply trend: the digitalization of heating

Intelligent heating is a system that enables us to control the temperature and comfort in our homes remotely via mobile devices. These systems connect to the Internet of Things (***) and aim to deliver smarter, greener heating, improving energy savings and efficiency.

Advantages of having an intelligent heating system at home:

Freedom: ...

5 Regulations

5.1 The end of the central heating system :

Directive ****/**/EU on energy efficiency makes it compulsory to install individual metering systems for heating, air conditioning and domestic hot water from May *, ****. Its main aim is to improve the energy efficiency of buildings based on individual consumption. This means that each building user only pays for the amount of energy ...

6 Positioning the players

6.1

  • Leroy Merlin Espagne
  • Samsung Group
  • LG Electronics Deutschland
  • Fujitsu
  • Daikin Industries, Ltd.
  • J.Corradi
  • Stuv
  • Thermor
  • Tradesa
  • Ev confort
  • Ducasa
  • Haverland
  • ACV
  • Wolf
  • Baxi
  • Junkers
  • Kaysun

List of charts presented in this market study

  • Distribution of housing types in Spain
  • Breakdown of housing types in Spain by energy quality
  • Property/household breakdown
  • Habitat rehabilitation targets by 2030 in Spain
  • Main dwellings with heating systems in Spain
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Latest news

Samsung Digital City in Suwon - 27/07/2023
  • Samsung has a market share of over 60% of smartphone sales in South Korea.
  • Samsung is the world's number-one smartphone and TV sales group.
  • More than 37,000 employees work at Samsung's Suwon campus.
  • The Suwon facility covers more than 170 hectares
Samsung wins the key battle of the 3-nanometer chip - 30/06/2022
  • Samsung begins mass production of semiconductors with exceptionally fine etching
  • This generation of chips has an etch fineness of 3 nm.
  • The world's leading semiconductor foundries are vying with each other to invest heavily in constantly reducing the engraving on their transistors, in order to offer chip designers ever more efficient manufacturing solutions
  • 45% reduction in power consumption and 23% improvement in power compared with 5 nm products
  • By 2022, TSMC will have invested 42 billion euros in the modernization and expansion of its foundries

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Leroy Merlin Espagne
Samsung Group
LG Electronics Deutschland
Fujitsu
Daikin Industries, Ltd.
J.Corradi
Stuv
Thermor
Tradesa
Ev confort
Ducasa
Haverland

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The heating market | Spain

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