BSRIA's first ever study on the world commercial boiler market has revealed major contrasts by country and product type. BSRIA's study, "The World Market for Commercial Boilers," was published in February covering separately 24 countries and an overview report.
According to the report, China controls 20% of the world market by volume and will increase by $ 76 million between 2000 and 2004 by which time the Asia Pacific region is set to become the largest region in the world. Russia is the fastest growing market at 9% per annum and is now the second largest by volume. Japan, Italy, Germany and Korea are the other major volume markets. The USA is the world's largest market by value at nearly $400 million and a major contributor to world growth, featuring many larger sized boilers.