Europe Gas Fired Boiler Market Size - By Capacity, By Technology (Condensing, Non-Condensing), By Application (Residential, Commercial, Industrial), By Country Outlook & Forecast, 2024 - 2032

Europe Gas Fired Boiler Market Size - By Capacity, By Technology (Condensing, Non-Condensing), By Application (Residential, Commercial, Industrial), By Country Outlook & Forecast, 2024 - 2032

Europe Gas Fired Boiler Market size is projected to grow at over 8.5% CAGR between 2024 and 2032, led by the increasing demand for energy-efficient heating solutions, driven by rising energy costs and environmental concerns. Several government regulations and incentives promoting low-emission and high-efficiency heating systems are encouraging the adoption of gas fired boilers. Significant advancements in boiler design and functionality are also enhancing the performance and reliability, making them more attractive to consumers.

The shift towards cleaner energy sources, like natural gas, across the region is also supporting the transition from coal and oil-fired boilers, further driving innovations in the sector. For instance, in September 2023, Immergas, a European designer and manufacturer of gas boilers, launched Victrix Tera V2, a new series of advanced gas-fired condensing boilers for Romania's residential market for catering to both individual and collective needs.

The growing construction and renovation activities across residential and commercial verticals is pushing the demand for modern heating systems. The rising focus on reducing greenhouse gas emissions and improving air quality will further boost the market expansion.

The Europe gas fired boiler market is segregated into capacity, technology, application, and country.

Based on technology, the condensing segment is estimated to rise at substantial rate between 2024 and 2032, driven by their high energy efficiency and lower emissions compared to traditional boilers. Condensing technology captures and reuses heat from exhaust gases for significantly improving efficiency. Multiple government regulations and incentives are also promoting eco-friendly and energy-saving solutions. The rising energy costs and increasing awareness of environmental benefits are further driving consumers and businesses to choose condensing boilers for their heating needs.

Europe gas fired boiler industry size from the commercial application segment will grow at notable rate through 2032, due to the increasing demand for efficient heating solutions in offices, hotels, and retail spaces. The rising energy costs and stringent environmental regulations are pushing the regional businesses to adopt gas fired boilers. The rise in government incentives for energy-efficient systems and the rising need for reliable, high-capacity heating will further boost the segment growth.

Italy gas fired boiler industry is anticipated to grow at substantial CAGR from 2024 to 2032, owing to the increasing demand for energy-efficient heating solutions and the launch of government incentives promoting low-emission systems. The rising energy costs and the shift towards cleaner energy sources is boosting the adoption of gas fired boilers. The construction and renovation boom in the residential and commercial sectors is also driving the regional industry expansion.