Europe Boiler System Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Includes Europe Boiler Heating System Market and is Segmented by Type (Boilers/Radiators/Other Heaters, Heat Pumps), by End User (Residential, Commercial, Industrial) and Country (UK, Germany, France, Spain, Eastern Europe, Benelux, Russia & CIS and Other Countries). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

Europe Boiler System Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Heating Equipment Market Size

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Europe Heating Equipment Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 7.14 Billion
Market Size (2030) USD 9.20 Billion
CAGR (2025 - 2030) 5.20 %
Market Concentration Low

Major Players

Europe Heating Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Heating Equipment Market Analysis

The Europe Heating Equipment Market size is estimated at USD 7.14 billion in 2025, and is expected to reach USD 9.20 billion by 2030, at a CAGR of 5.2% during the forecast period (2025-2030).

The government regulations concerning energy efficiency and the increasing requirement for energy-efficient heating systems are providing thrust to the market growth in the developed European regions, particularly in the UK, Germany, and France.

  • The booming construction business in individual emerging economies and the increasing end-user markets are the significant factors driving the growth of the heat pumps and burners equipment market over the forecast period. Some of the benefits of adopting the equipment include energy efficiency, improved results, and lifespan.
  • Amid the growing environmental concerns, the European Union recently raised its 2030 climate ambition as an intermediate step towards climate neutrality, committing to cutting emissions by about 55 percent by 2030. For instance, “Fit for 55” is one of the European Commission’s plans to put the decarbonization strategy. The directive governs the need to maintain policies targeting higher energy efficiency and a shift from traditional fossil-based heat supply to renewable sources. Hence, such trends create a favorable outlook for the growth of the studied market.
  • Furthermore, with the introduction of the EU Green Deal, several heating equipment suppliers have extended their commitment to reduce carbon emissions and make the European Union the first climate-neutral bloc by 2050. As decarbonization of the heating and cooling sector is believed to contribute significantly to this cause, considering the fact that it contributes about 40% of CO2 emissions, the demand for energy-efficient heating equipment is anticipated to grow in the European region during the forecast period.
  • Influenced by such directives, regional governments are also taking similar initiatives. For instance, the government of Germany is aggressively promoting the rapid development and integration of renewable and efficient heating technologies through new laws, and attractive incentives are the factors further driving the demand for the heating equipment market in the region.
  • The heating equipment market is aligned with the change to sustainability and green initiatives marking the European region. Vendors of the studied market are indulging in introducing products that facilitate the green transition of various end-user industries.
  • Macroeconomic factors are also anticipated to play an influential role in the growth of the studied market. For instance, owing to the recent Russia-Ukraine war, energy prices in Europe are anticipated to shoot up, forcing industries, businesses, and consumers alike to look for energy-efficient solutions, thus creating a favorable outlook for the growth of the studied market.

Europe Heating Equipment Industry Overview

The European heating equipment market is fragmented as the demand for heating equipment is increasing with the growing demand from industrial and commercial sectors across the globe. The key players in the market, like Daikin Industries Ltd., Robert Bosch GmbH, Mitsubishi Electric Europe B.V., and others, are continuously innovating new products and rising activities such as mergers and acquisitions and capacity expansion, further increasing the competition.

In September 2023, Aira, the Swedish company, announced its entry into Germany. The launch of Aira, a direct-to-consumer company offering heat pumps on a monthly subscription, is part of the company's European expansion plans. To further support its growth, the company also acquired a U.K. installer.

In July 2023, Panasonic Heating & Cooling Solutions started full production of its latest Aquarea L Series, a new generation of heat pump using R290 natural refrigerant, in Europe.

Europe Heating Equipment Market Leaders

  1. Daikin Industries Ltd.

  2. Robert Bosch GmbH

  3. Mitsubishi Electric Europe B.V

  4. Danfoss A/S

  5. Valliant Group

  6. *Disclaimer: Major Players sorted in no particular order
Europe Heating Equipment Market Concentration
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Europe Heating Equipment Market News

  • May 2023: Modine Manufacturing Company, a manufacturer of heat transfer coils, expanded its operations at its current location in Sremska, Serbia. According to the company, the initiative has been taken to meet the growing demand for heat pumps in Europe.
  • February 2023: Rhoss introduced the POKER290 high-temperature, low GWP reversible heat pumps with a scroll compressor. POKER290 is a reversible heat pump with a scroll compressor that operates at high temperatures and low GWP. The new range is available in one size and has a capacity ranging from around 48 to 190kW. The new integrated sequencer SDR can connect with up to 4 units.
  • October 2022: Midea's new air-to-water (ATW) heat pump production facility in Italy officially began construction, including production lines, a heat pump R&D center, and supporting facilities. Since Clivetis is a premium commercial air-conditioning brand owned by Midea Building Technology, the base is in Clivetfacility in Feltre, Italy. The base received a EUR 60 million (USD 64.4 million) investment, and its annual ATW heat pump capacity is expected to reach 300,000 units when it opens in the second quarter of 2024.

Europe Heating Equipment Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of Impact of Key Macro Economic Trends on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing Demand for Energy Efficient Heating System
    • 5.1.2 Technological Advancements in Heating Equipments
  • 5.2 Market Challenges
    • 5.2.1 Stringent Government Regulations TowardS Environmental Concern

6. SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Boilers/Radiators/Other Heaters
    • 6.1.2 Heat Pumps
  • 6.2 By End-user
    • 6.2.1 Residential
    • 6.2.2 Commercial
    • 6.2.3 Industrial
  • 6.3 By Country
    • 6.3.1 Europe
    • 6.3.1.1 United Kingdom
    • 6.3.1.2 Germany
    • 6.3.1.3 France
    • 6.3.1.4 Spain
    • 6.3.1.5 Eastern Europe
    • 6.3.1.6 Benelux
    • 6.3.1.7 Russia & CIS and Other Countries

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Daikin Industries Ltd.
    • 7.1.2 Robert Bosch GmbH
    • 7.1.3 Mitsubishi Electric Europe B.V
    • 7.1.4 Danfoss A/S
    • 7.1.5 Valliant Group
    • 7.1.6 Alfa Laval AB
    • 7.1.7 Carrier Global Corporation
    • 7.1.8 Lennox International Inc
    • 7.1.9 Ariston Thermo SpA
    • 7.1.10 BDR ThermeaGroup
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Europe Heating Equipment Industry Segmentation

Heating equipment is equipment designed to supply heat for different operations and is used in various residential, commercial, and industrial applications, which include boilers, radiators, heat pumps, and other applications. The industrial end-users include food and beverage, oil and gas, pharmaceutical, chemical industries, etc.

Europe's heating equipment market is segmented by type (boilers, radiators, other heaters, heat pumps), end user (residential, commercial, industrial), and country (United Kingdom, Germany, France, Eastern Europe, Benelux, Russia, CIS, and other countries). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

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Europe Heating Equipment Market Research FAQs

How big is the Europe Heating Equipment Market?

The Europe Heating Equipment Market size is expected to reach USD 7.14 billion in 2025 and grow at a CAGR of 5.20% to reach USD 9.20 billion by 2030.

What is the current Europe Heating Equipment Market size?

In 2025, the Europe Heating Equipment Market size is expected to reach USD 7.14 billion.

Who are the key players in Europe Heating Equipment Market?

Daikin Industries Ltd., Robert Bosch GmbH, Mitsubishi Electric Europe B.V, Danfoss A/S and Valliant Group are the major companies operating in the Europe Heating Equipment Market.

What years does this Europe Heating Equipment Market cover, and what was the market size in 2024?

In 2024, the Europe Heating Equipment Market size was estimated at USD 6.77 billion. The report covers the Europe Heating Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Heating Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Heating Equipment Industry Report

Statistics for the 2025 Europe Heating Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Heating Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.