As per this study, the Global Heating Equipment Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Heating equipment is the most popular source of heat today which helps to lower down the costs and save energy with high efficiency. Heating equipment helps to conserve energy while maximizing comfort and mostly found in homes today. Some of the heating equipment are furnaces, water heaters, boilers, fireplaces, space heaters, stoves, and radiant heating. They have application across residential, commercial, and industrial sectors.
The rising demand for energy savings solution along with the growing need to improve energy efficiency is expected to drive the market growth. Also, the product is expected to experience continuous demand owing to advantage offered such as energy efficiency, ease of operation, and remote accessibility. Additionally, the establishment of new residential and commercial infrastructure, as well as replacement of the existing heating system, is further expected to enhance the market presence over the forecasted timeline.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of heating equipment.
The broad heating equipment market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Heat pumps
- Unitary heaters
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for heating equipment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Heating Equipment Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the heating equipment market include Daikin Industries, Ltd., Danfoss, Emerson Electric, Honeywell International Inc., Ingersoll-Rand Plc, Johnson Controls Inc., Lennox International Inc., Robert Bosch GmbH, United Technologies Corporation, Uponor Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.