Summary

The residential boiler market in Australia is undergoing a dynamic transformation, driven by a growing emphasis on energy efficiency, sustainability, and advanced technological innovations. In Australia, residential boilers refer to hydronic heating systems that convert chemical energy into thermal energy to heat the water present inside the tank. They consist of radiators or baseboards that assist in heating the water via convection and maintaining the temperature while circulating it through metallic vessels. Residential boilers offer high reliability, longer shelf-life, less maintenance, optimal energy efficiency, and are environmental-friendly. On account of these properties, they are employed across public infrastructures, holiday homes, and residential establishments. At present, residential boilers are commercially available in condensing and non-condensing technologies. The increased focus on energy efficiency, which are both cost-effective and ecologically benign, is fueling market demand. Demand for residential boilers will rise in response to the increasing need for high-efficiency house boilers. The boiler heats interior rooms by utilizing trapped heat created by the condensation of water vapors while using substantially less fuel. Due to their great efficiency and cost-effectiveness, household boiler demand is thus anticipated to soar. With the introduction of smart home concepts, it is projected that modern boilers with smart management choices will become more commonplace. Due to youth preference for smart home products, sales of smart boilers are expected to rise. With increasing carbon levels in the atmosphere, government regulations and spending on hydrogen as a fuel source are increasing. Over the projection period, it is anticipated that demand in the market will increase due to growing awareness of the advantages of residential boilers driven by hydrogen.

According to the research report "Australia Residential Boiler Market Overview, 2029," published by Bonafide Research, the Australia residential boiler market is anticipated to grow at more than 5% CAGR from 2024 to 2029. With the rising ongoing construction activities, particularly in emerging economies, there has been an increasing demand for energy-efficient water heating equipment, such as residential boilers, to offer consumers an easy access to warm water. This represents the prime factor currently driving the market growth in Australia. In line with this, the rising concerns regarding the heat and pollution generated by boilers have prompted the governments of various countries to undertake stringent initiatives for promoting the establishment of green buildings and uptake of eco-friendly residential boilers as a sustainable heating technology. This, in turn, assists in improving air quality by mitigating the depletion of natural resources and minimizing the emissions of greenhouse gases (GHGs). Significant technological advancements and growing investments in research and development (R&D) activities have led the introduction of coal, oil, and gas-fired residential boilers at reduced manufacturing cost, which is also contributing to the Australia market growth. The extensive utilization of condensing boilers in residential areas on account of its various beneficial properties, including affordability, reduced carbon footprints, and clean heating operation, is propelling the market growth. Other factors, such as rapid urbanization and rising disposable incomes in developing regions, along with the increasing need for high-performance heating devices with easy maintenance and installation, are creating a positive outlook for the Australia market.
The leading market segment is the Fire Tube segment at present. Thus, this supremacy relates to some of the reasons mentioned here. These types of boilers are robustly designed, very efficient, and therefore proven in the industry for the reliable choice for domestic needs. They are also versatile; they can take a range of fuels like natural gas, oil, and, at times, even biomass, which works well in an energy landscape such as that prevalent in Australia. They are, for sure, long term boilers and the least maintenance cost, hence in turn, they are long-term boilers considering that economies in the long run. These have attributed to the common use of Fire Tube boilers in homes throughout Australia. Electricity is quick in growth; this has been occasioned mainly by factors such as more keenness on sustainability, as well as energy sources and efficiency. Electric boilers are very effective and some models can have an efficiency level of about 100%. Besides, modern electric boilers do not produce emissions at the point of use, which is friendly to the environment; thus, creating this level of clean energy solutions is a proposal Australia is striving for. In addition, the units are cost-effective for homeowners since the equipment's initial cost is generally less. This segment is also driven by the fact that an increased supply of renewable electricity in Australia can be used to power these boilers. The Water Tube segment is not as dominant as Fire Tube or as fast-growing as Electric, but it still occupied an important share in the market. Water Tube boilers have the advantage in the high-pressure handling and ability to produce steady heat output. They are used most often in applications where even heat is going to be important to the process, but their higher initial cost and more hands-on maintenance requirements may prove an obstacle to some homeowners.

The Condensing segment is currently dominating the market. These condensing boilers are designed to put in use the heat from exhaust gases that are normally lost in non-condensing models. This contributes to much higher efficiency rates, often going past 90%, which would be a major cause for supportive market dominance. Being highly efficient in nature, the low consumption of energy saves a lot of money and reduces greenhouse emissions, thus suiting the sustainability and carbon reduction goals in Australia. They further increase in their appeal, as condensing boilers work with modern heating systems and easily adapt to renewable energy sources. On all parameters, right from maintenance costs to costs incurred or saved in the long run, condensing boilers are cost-effective for a homeowner, and this makes them extremely viable despite their high installation price. The non-condensing segment is growing, although slowly compared with the condensing segment. Non-condensing boilers are designed simply and, by and large, are cheaper to purchase and install, thus an effective option for consumers who intend to save on cost. They are also easier to support and repair with a simple design. This can come in handy in the countryside or even well off from major urban conglomerations where specialist services for boiler installations may not necessarily be available. In homes with their venting system already installed, a non-condensing boiler remains a feasible option because they do not need the specialized venting that condensing boilers do. Growth in this segment is also supported by the advancements in non-condensing technology, leading to ever-increasingly efficient and cleaner models. Nonetheless, a great distance remains between non-condensing models and condensing boilers in absolute efficiency terms.

Gas Fired segment is dominating the segment now. This can be attributed to many factors. Primarily natural gas is in abundant supply in Australia. Consecutively, it tends to be reasonably more cost-effective than most other fuels. Gas-fired Boiler could be tagged reliable and efficient; use of it guarantees continuous dwelling warmth. It is the greener fuel when compared to either oil or coal, with considerably fewer emissions; it meets Australia's goals for protecting the environment. Because natural gas is readily available in most urban areas, gas-fired boilers are also dominant in the market. At the same time, technological improvements especially the creation of highly efficient condensing gas boilers, with efficiency going beyond 90% have made for increased economic value both for consumers seeking billing reduction and for carbon footprint reduction. Oil Fired, the market has been growing, especially in those areas where natural gas infrastructure is not well established. Other benefits of oil-fired boilers include that they have high heat outputs and that fuel storage on site can be considered, something that is a must for remote and rural locations. The ongoing technological advance in oil-fired appliances has also ensured that they are much cleaner burning and efficient units, making it a real contender against gas-fired boilers. Sometimes, its dynamism in terms of price makes that oil becomes a better competitor, with chances of a spike in this denominator. Boilers powered by biomass, for instance, have potential for growth due to sources of renewable fuel and relatively low carbon emissions. Over the years, coal boilers reduced in use, but due to increased emissions from other forms of boilers, they have been in less popularity but may be used at places where the amount of coal is in abundant supply. Electric boilers share this segment, offering high efficiency and zero emissions at point of use, but with some limits to growth due to the cost of electricity being high in some areas.



Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Residential Boiler market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Fire Tube
• Electric
• Water Tube

By Technology
• Condensing
• Non Condensing

By Fuel Type
• Gas Fired
• Oil Fired
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Residential Boiler industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
Keywords:
Residential Boiler, Fire Tube, Electric, Water Tube, Condensing, Non Condensing, Gas Fired, Oil Fired

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Table of Contents

Table of Contents

1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Australia Macro Economic Indicators
5. Market Dynamics
5.1. Market Drivers & Opportunities
5.2. Market Restraints & Challenges
5.3. Market Trends
5.3.1. XXXX
5.3.2. XXXX
5.3.3. XXXX
5.3.4. XXXX
5.3.5. XXXX
5.4. Covid-19 Effect
5.5. Supply chain Analysis
5.6. Policy & Regulatory Framework
5.7. Industry Experts Views
6. Australia Residential Boiler Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast, By Type
6.3. Market Size and Forecast, By Technology
6.4. Market Size and Forecast, By Fuel type
6.5. Market Size and Forecast, By Region
7. Australia Residential Boiler Market Segmentations
7.1. Australia Residential Boiler Market, By Type
7.1.1. Australia Residential Boiler Market Size, By Fire tube, 2018-2029
7.1.2. Australia Residential Boiler Market Size, By Electric, 2018-2029
7.1.3. Australia Residential Boiler Market Size, By Water tube, 2018-2029
7.2. Australia Residential Boiler Market, By Technology
7.2.1. Australia Residential Boiler Market Size, By Condensing, 2018-2029
7.2.2. Australia Residential Boiler Market Size, By Non-condensing, 2018-2029
7.3. Australia Residential Boiler Market, By Fuel type
7.3.1. Australia Residential Boiler Market Size, By Gas-fired, 2018-2029
7.3.2. Australia Residential Boiler Market Size, By Oil-fired, 2018-2029
7.3.3. Australia Residential Boiler Market Size, By Others, 2018-2029
7.4. Australia Residential Boiler Market, By Region
7.4.1. Australia Residential Boiler Market Size, By North, 2018-2029
7.4.2. Australia Residential Boiler Market Size, By East, 2018-2029
7.4.3. Australia Residential Boiler Market Size, By West, 2018-2029
7.4.4. Australia Residential Boiler Market Size, By South, 2018-2029
8. Australia Residential Boiler Market Opportunity Assessment
8.1. By Type, 2024 to 2029
8.2. By Technology, 2024 to 2029
8.3. By Fuel type, 2024 to 2029
8.4. By Region, 2024 to 2029
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures

Figure 1: Australia Residential Boiler Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 2: Market Attractiveness Index, By Type
Figure 3: Market Attractiveness Index, By Technology
Figure 4: Market Attractiveness Index, By Fuel type
Figure 5: Market Attractiveness Index, By Region
Figure 6: Porter's Five Forces of Australia Residential Boiler Market

List of Tables

Table 1: Influencing Factors for Residential Boiler Market, 2023
Table 2: Australia Residential Boiler Market Size and Forecast, By Type (2018 to 2029F) (In USD Million)
Table 3: Australia Residential Boiler Market Size and Forecast, By Technology (2018 to 2029F) (In USD Million)
Table 4: Australia Residential Boiler Market Size and Forecast, By Fuel type (2018 to 2029F) (In USD Million)
Table 5: Australia Residential Boiler Market Size of Fire tube (2018 to 2029) in USD Million
Table 6: Australia Residential Boiler Market Size of Electric (2018 to 2029) in USD Million
Table 7: Australia Residential Boiler Market Size of Water tube (2018 to 2029) in USD Million
Table 8: Australia Residential Boiler Market Size of Condensing (2018 to 2029) in USD Million
Table 9: Australia Residential Boiler Market Size of Non-condensing (2018 to 2029) in USD Million
Table 10: Australia Residential Boiler Market Size of Gas-fired (2018 to 2029) in USD Million
Table 11: Australia Residential Boiler Market Size of Oil-fired (2018 to 2029) in USD Million
Table 12: Australia Residential Boiler Market Size of Others (2018 to 2029) in USD Million
Table 13: Australia Residential Boiler Market Size of North (2018 to 2029) in USD Million
Table 14: Australia Residential Boiler Market Size of East (2018 to 2029) in USD Million
Table 15: Australia Residential Boiler Market Size of West (2018 to 2029) in USD Million
Table 16: Australia Residential Boiler Market Size of South (2018 to 2029) in USD Million