China gas-fired wall-mounted boiler totaled to 623,000 units in October of 2019, with a growth rate of 65.4%.  Among them, the domestic shipment and export increased 65.7% and 56.1% to 606,000 units and 17,000 units, respectively.  The accumulated shipment in January to October increased 28.4% to 2,985,000 units.  Among them, the domestic shipment increased 32.7% to 2,833,000 units and export decreased 20.2% to 152,000 units.

Shipment of Wall-mounted boilers (Source: ChinaIOL)

China heating season begins in October, which means the sales season of wall-mounted boilers.  With the stable policy of “coal-to-gas”, the wall-mounted boiler market recovered.

Seasonal performance of gas-fired wall-mounted boilers (Source: ChinaIOL)