The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Warm Air Heating Equipment Global Market Report 2024 offers crucial insights into the warm air heating equipment market help businesses analyse and build stronger strategies.

The warm air heating equipment market has witnessed robust growth, with the market size climbing from $123.83 billion in 2023 to a projected $133.66 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.9%. This growth in the historic period is attributed to factors such as a focus on energy efficiency, adherence to environmental regulations, economic factors, and the replacement cycle of heating equipment.

Future Outlook: Strong Growth Prospects

Anticipating continued growth, the warm air heating equipment market is set to expand further, reaching $167.66 billion in 2028 at a CAGR of 5.8%. The forecasted growth in the upcoming years can be linked to building efficiency standards, energy costs, and global economic conditions. Major trends expected in the forecast period include the rise of smart heating systems, electrification and heat pumps, hybrid systems, customization and zoning, health and comfort considerations, and increased industry collaboration.

Decarbonization Initiatives Fuel Growth In Warm Air Heating Equipment Market

Driving Forces for Decarbonization

One of the primary drivers propelling the warm air heating equipment market’s growth is the global push towards decarbonization. Countries worldwide are actively working towards reducing their carbon footprint for a sustainable environment. Warm air heating equipment, particularly heat pumps, plays a crucial role in achieving this goal by utilizing renewable energies.

Corporate Commitments to Sustainability

Companies such as Samsung Electronics and Pfizer Inc. are setting environmental agendas to combat climate change. Samsung aims for net-zero carbon emissions by 2050, investing in renewable energy and developing innovative technologies. Pfizer has committed to achieving the Net-Zero Standard by 2040, demonstrating a substantial reduction in greenhouse gas emissions. These initiatives not only contribute to a sustainable environment but also bolster the warm air heating equipment market.

Product Innovations Transforming The Warm Air Heating Equipment Market

Innovative Hybrid Dual Fuel Systems

Major companies in the warm air heating equipment market are driving transformation through innovative products, such as hybrid dual fuel systems. A hybrid dual fuel system combines an electric heat pump with a gas or propane furnace, providing energy-efficient and year-round home comfort while reducing carbon emissions.

Smart Solutions for Energy Efficiency

An example of this innovation is the Hitachi air365 Hybrid dual fuel system launched by Johnson Controls-Hitachi Air Conditioning. This system uses a smart sensor to automatically switch between the heat pump and furnace based on outdoor temperatures, optimizing efficiency and reducing utility costs during extremely cold weather. This not only enhances energy efficiency but also aligns with homeowners’ goals to decarbonize their heating and cooling systems.

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Johnson Controls Strengthens Heat Pump Portfolio With Acquisition Of Hybrid Energy As

Strategic Acquisition for Sustainability

In a strategic move, Johnson Controls International PLC acquired Hybrid Energy AS in January 2023, enhancing its capabilities to offer high-temperature heat pumps and sustainable energy management solutions. This acquisition aligns with Johnson Controls’ commitment to decarbonization and sustainability, particularly in Europe. Hybrid Energy AS specializes in high-temperature energy management solutions, focusing on heat pumps for district heating and industrial processes.

Market Segmentation: Understanding Varied Dynamics

Critical Components of Market Segmentation

The warm air heating equipment market is segmented based on product type, capacity, and application:

1. Product Type:
   • Dehumidifiers
   • Heat Pumps
   • Humidifying Equipment
2. Capacity:
   • Small
   • Medium
   • Large
3. Application:
   • Residential
   • Commercial
   • Industrial

Regional Influence

In 2023, Asia-Pacific emerged as the largest region in the warm air heating equipment market, highlighting the region’s dominance and influence in shaping the industry landscape.

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The Warm Air Heating Equipment Global Market Report 2024  provides a comprehensive outlook of the warm air heating equipment market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The warm air heating equipment market forecast offers a thorough analysis on warm air heating equipment market size, warm air heating equipment market share, prominent players and their strategies.

The Table Of Content For The Warm Air Heating Equipment Market Include:
1. Warm Air Heating Equipment Market Executive Summary
2. Warm Air Heating Equipment Market Segments
3. Warm Air Heating Equipment Market Size And Warm Air Heating Equipment Market Growth Rate
4. Key Warm Air Heating Equipment Market Trends
5. Major Warm Air Heating Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Warm Air Heating Equipment Market
26. Top Warm Air Heating Equipment Companies
27. Warm Air Heating Equipment Market Opportunities And Strategies
28. Warm Air Heating Equipment Market, Conclusions And Recommendations
29. Appendix

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