Global Warm Air Heating Equipment Market Size, Drivers, Trends, Opportunities And Strategies – Includes Warm Air 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
Favourable measures to reduce carbon footprint are expected to drive innovation in warm air heating equipment manufacturing, thus driving the market during the forecast period.
The global warm air heating equipment market is expected to grow from $124.43 billion in 2022 to $136.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The global warm air heating equipment market size is expected to grow to $170.58 billion in 2027 at a CAGR of 5.7%.
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Global Warm Air Heating Equipment Market Segments Include:
- By Product Type:Dehumidifiers, Heat Pumps, Humidifying Equipment
- By Capacity:Small, Medium, Large
- 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, Asia Pacific is the largest region in the global warm air heating equipment market in 2021.
Major Market Players in the warm air heating equipment market include Danfoss, Daikin, Mitsubishi Electric Corporation, WOLF GmbH, Johnson Controls Inc., Honeywell International Inc.
Companies are concentrating on developing smart devices to meet the requirements of the newly connected smart offices and homes. Homes and companies around the world are moving toward connected devices and industry players are engaged in developing smart devices, which enable optimized connectivity and preventive maintenance. For instance, in October 2020, Daikin Applied expanded its line of SmartSource compact heat pumps for a broader range of applications making it ideal for new construction and retrofits where area and budgets are limited. Similarly, in April 2020, LG Electronics USA introduced an extended portfolio of energy-efficient residential air care products including LG PuriCare 50 Pint Dehumidifier with Drain Pump for smooth everyday use. It is ergonomic and effective for residential use, controls humidity levels, and can be monitored or controlled from anywhere through the LG ThinQ smartphone app.
The Warm Air Heating Equipment Global Market Report 2023 provides a warm air heating equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The warm air heating equipment market forecast analyzes warm air heating equipment market size, warm air 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.
The warm air heating equipment refer to equipment that produce warm air to provide space heating for warehouses, retail sheds, sports centres, factories, and other buildings containing similarly large spaces.
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