Insights Into The Heating Equipment Except Warm Air Furnaces Market’s Growth Opportunities Through 2023-2032 – Includes Heating Equipment Except Warm Air Furnaces Market Share
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The growing number of residential development projects is likely to stimulate innovation in heating equipment production, with the exception of warm air furnaces, propelling the market over the projection period.
The global heating equipment except warm air furnaces market is expected to grow from $43.57 billion in 2022 to $47.10 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The global heating equipment (except warm air furnaces) market size is expected to reach $57.99 billion in 2027 at a CAGR of 5.3%.
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Global Heating Equipment Except Warm Air Furnaces Market Segments Include:
- By Type: Fireplaces, Wood-Burning Stoves, Supplemental Heaters, Low-Pressure Steam, Hot Water Boilers, Furnaces
- By Business Type: New Construction, Retrofits
- By Applications: Household, 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, North America is the largest region in the global heating equipment except warm air furnaces market in 2021.
Major Market Players in the heating equipment except warm air furnaces market include Heatstar limited, Red Dot Corporation, Thermal Solutions Products, New Yorker Boiler Company, Dte Biomass Energy Inc., Abengoa Solar S.A, Bard HVAC.
Product improvements are a prominent trend in the heating equipment (excluding warm air furnaces) market. To maintain their market position, major heating equipment firms (excluding warm air furnaces) are producing revolutionary products. For example, in November 2022, Rondo Energy, a US-based heat equipment business, announced two models, the RHB100 and RHB300, which incorporate a groundbreaking Rondo Heat Battery (RHB). As it retains heat energy at temperatures up to 1500°C for hours or days, the RHB provides zero-carbon heat for steel, cement, chemical industry, and low-temperature food processing. The Rondo heat battery incorporates low-cost technology that provides fast charging, high-temperature up to 1500°C, a long service life, and site efficiency.
The Heating Equipment Except Warm Air Furnaces Global Market Report 2023 provides a heating equipment except warm air furnaces market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The heating equipment except warm air furnaces market forecast analyzes heating equipment except warm air furnaces market size, heating equipment except warm air furnaces 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.
Except for warm air furnaces, heating equipment is a device that uses an energy source to heat either the air or a liquid to create warmth. This equipment is used for industrial and commercial operations such as solvent distillation, extraction with rotary evaporators, and determining physical characteristics such as boiling point, melting point, flashpoint, and others.
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