Global Heating Equipment Market Overview 2023: Size, Drivers, And Trends
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 Business Research Company’s Heating Equipment Global Market Report 2023 offers crucial insights into the heating equipment market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global heating equipment market size 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 market size of the heating equipment market is expected to grow to $51.08 billion in 2027 at a CAGR of 6.2%.
The rising demand for construction equipment is likely to drive the expansion of the heating equipment market in the coming years.
- Key Trend – Technological developments are a major trend that is gaining traction in the heating equipment industry. To maintain their market position, major market players are utilising new technologies such as injection technology.
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- Largest Region – Europe was the largest region in the heating equipment market in 2022.
- Major Players – Major players in the heating equipment market are Danfoss A/S, United Technologies Corporation, Trane Technologies plc, Lennox International Inc., Robert Bosch GmbH, Johnson Controls.
- Top Market Segments –
- 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.
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The Heating Equipment Global Market Report 2023 provides a comprehensive outlook of the heating equipment market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The heating equipment market forecast offers a thorough analysis on heating equipment market size, heating equipment market share, prominent players and their strategies.
Heating equipment is a device that uses thermal energy to generate heat in order to manage the temperature of an area. A freestanding stove, fireplace, or non-electric stove are examples of heating devices used to heat a room or interior area. Heating equipment is also utilised in laboratories for studies as well as for other industrial reasons.
The Table Of Content For The Heating Equipment Market Include:
1. Heating Equipment Market Executive Summary
2. Heating Equipment Market Segments
3. Heating Equipment Market Size And Heating Equipment Market Growth Rate
4. Key Heating Equipment Market Trends
5. Major Heating Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Heating Equipment Market
26. Top Heating Equipment Companies
27. Heating Equipment Market Opportunities And Strategies
28. Heating Equipment Market, Conclusions And Recommendations
29. Appendix
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