Vaillant Group Romania general manager Iuliana Pascu told a news conference Thursday the company’s turnover remained constant at EUR16.3 million last yera, a level the company hopes to reach in 2014 as well.
Conventional heating units cover 90% of the domestic heating unit market, while condensation heating units account for just 10%. Condensing units, however, will become mandatory for sale starting 2016, according to EU norms.
“Price differences between conventional heating systems and condensation systems are not large enough to justify the growth of one market next year,” said Pascu.
The conventional heating systems market decreased slightly in 2013, to round 130,000 units, with an average value of EUR400/unit, and the evolution of heating systems is expected to remain constant this year.
Last year was the first time the number of households using individual heating systems exceeded the number of homes connected to the state’s centralized heating system, said Pascu, adding the slower pace of central system disconnections is compensated by replacement works.
She said replacements generate 20% and central system disconnections cover 30-35% of sales of individual heating systems.
Vaillant Romania sells heating systems, boilers and solar systems.
Vaillant Group Romania was founded in 2004, has nearly 50 employees and a network of 100 direct partners.
The German group had a turnover of around EUR2.4 billion last year.