Market Research Report
Heating Equipment Market Size, Share & Trends Analysis Report By Product (Unitary Heaters, Heat Pumps, Furnaces), By Application (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||408918|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Heating Equipment Market Size, Share & Trends Analysis Report By Product (Unitary Heaters, Heat Pumps, Furnaces), By Application (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2019 - 2025|
|Published: June 14, 2019||Content info: 110 Pages||
The global heating equipment market size is expected to reach USD 48.58 billion by 2025 registering a CAGR of 5.4%, according to a new report by Grand View Research, Inc. The market is expected to be driven by the government mandates and incentives provided on energy-efficient solutions through initiatives, such as Leadership in Energy and Environmental Design. Growing spending in construction sector coupled with repair and replacement activities for the existing systems are anticipated to drive the demand for energy-efficient heating solutions.
The construction industries in Europe and North America are focused on building sustainable and efficient structures, which is expected to drive the demand for such systems. Moreover, development of energy-efficient solutions owing to technological upgradation will significantly augment the market growth over the forecast years. Water and large space heating requirement in U.S. is also projected to fuel market expansion. In addition, rapidly expanding automotive sector is anticipated to boost the demand for advanced heating solutions in the country.