Global Heating Equipment Market Analysis
Machinery

Insights Into The Heating Equipment Market’s Growth Opportunities Through 2023-2032 – Includes Heating Equipment Market Analysis

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The growing demand for construction industry are expected to drive innovation in heating equipment manufacturing, thus driving the market during the forecast period.

 

The global heating equipment market is expected to grow from $36.35 billion in 2022 to $40.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The heating equipment market size is expected to grow to $51.08 billion in 2027 at a CAGR of 6.2%.

 

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Global Heating Equipment Market Segments Include:

  • By Type: By Product: Heat Pumps, Furnaces, Boilers, Unitary Heaters, Other Products
  • By Technology: Air Source, Water Source, Ground Source
  • By Application: Residential, Commercial, Industrial
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global heating equipment market in 2021.

 

Major Market Players in the heating equipment market include Danfoss A/S, United Technologies Corporation, Trane Technologies plc, Lennox International Inc., Robert Bosch GmbH, Johnson Controls, Emerson Electric Co.

 

Technological advancements are a key trend gaining popularity in the heating equipment market. Major companies operating in the market are using new technologies, such as injection technology, to sustain their position in the market. For instance, in January 2021, M-TEC GmbH, an Austrian manufacturer, launched efficient heat pumps for large-scale operations. The power series heat pumps are more efficient due to their larger evaporators, larger fans, and innovative injection technology.

 

The Heating Equipment Global Market Report 2023  provides a heating equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The heating equipment market forecast analyzes heating equipment market size, heating equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Heating equipment is a device that generates heat to regulate a space’s temperature using thermal energy. A freestanding stove, fireplace, or non-electric stove are some heating devices intended to generate heat for a room or indoor area. Heating equipment are also used in laboratories for experiments and other industrial purposes.

 

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