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PUBLISHER: IMARC | PRODUCT CODE: 1379002
PUBLISHER: IMARC | PRODUCT CODE: 1379002
Heating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 139 Pages
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Abstract
The global heating equipment market size reached US$ 40.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2022-2028.
Heating equipment refers to the devices used for warming or maintaining the desired temperature in an enclosed space. The equipment is usually centralized for heat, air and forced displacement of ventilation and consists of a heat pump that disseminated hot water, steam or air through the ducts. Some of the commonly available heating equipment includes heat pumps, boilers, furnaces and space heaters. These devices aid in conserving energy and maximizing comfort for the users. As a result, they are widely used across various industries, such as automotive, construction, steel fabrication, food processing and healthcare.
Heating Equipment Market Trends:
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing requirement for energy-efficient heating systems is providing a thrust to the market growth. The heating equipment is widely used in countries with extreme cold temperatures to increase the ambient temperatures with minimal impact on the environment. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and artificial intelligence (AI), are acting as other growth-inducing factors. These technologies enable the user to remotely control the heating equipment through smartphones and wearable devices. Product manufacturers are also developing innovative and self-contained heating equipment units for residential and small business complexes and central heating systems for larger commercial spaces. Other factors, including rapid industrialization, along with the implementation of favorable government policies to promote the construction of sustainable and energy-efficient structures, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global heating equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
Heat Pumps
Furnaces
Boilers
Unitary Heaters
Others
Breakup by Application:
Residential
Commercial
Industrial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Daikin Industries Ltd., Emerson Electric Co., Honeywell International Inc., Johnson Controls, Lennox International Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Robert Bosch GmbH, Schneider Electric SE, Siemens AG and The Danfoss Group.
Key Questions Answered in This Report
- 1. How big is the global heating equipment market?
- 2. What is the expected growth rate of the global heating equipment market during 2023-2028?
- 3. What are the key factors driving the global heating equipment market?
- 4. What has been the impact of COVID-19 on the global heating equipment market?
- 5. What is the breakup of the global heating equipment market based on the product?
- 6. What is the breakup of the global heating equipment market based on the application?
- 7. What are the key regions in the global heating equipment market?
- 8. Who are the key players/companies in the global heating equipment market?
Product Code: SR112023A3897
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Heating Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Heat Pumps
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Furnaces
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Boilers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Unitary Heaters
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Residential
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Industrial
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Daikin Industries Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Emerson Electric Co.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Honeywell International Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Johnson Controls
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Lennox International Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Mitsubishi Electric Corporation
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Panasonic Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Robert Bosch GmbH
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 SWOT Analysis
- 13.3.9 Schneider Electric SE
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Siemens AG
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 The Danfoss Group
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 SWOT Analysis
- 13.3.1 Daikin Industries Ltd.
Product Code: SR112023A3897
List of Figures
- Figure 1: Global: Heating Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Heating Equipment Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Heating Equipment Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Heating Equipment Market: Breakup by Product (in %), 2022
- Figure 5: Global: Heating Equipment Market: Breakup by Application (in %), 2022
- Figure 6: Global: Heating Equipment Market: Breakup by Region (in %), 2022
- Figure 7: Global: Heating Equipment (Heat Pumps) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Heating Equipment (Heat Pumps) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Heating Equipment (Furnaces) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Heating Equipment (Furnaces) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Heating Equipment (Boilers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Heating Equipment (Boilers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Heating Equipment (Unitary Heaters) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Heating Equipment (Unitary Heaters) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Heating Equipment (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Heating Equipment (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Heating Equipment (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Heating Equipment (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Heating Equipment (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Heating Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Heating Equipment (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Heating Equipment (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: North America: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: North America: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: United States: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: United States: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Canada: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Canada: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Asia-Pacific: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Asia-Pacific: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: China: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: China: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Japan: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Japan: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: India: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: India: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: South Korea: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: South Korea: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Australia: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Australia: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Indonesia: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Indonesia: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Others: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Others: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Europe: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Europe: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Germany: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Germany: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: France: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: France: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: United Kingdom: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: United Kingdom: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Italy: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Italy: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Spain: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Spain: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Russia: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Russia: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Latin America: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Latin America: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Brazil: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Brazil: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Mexico: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Mexico: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Middle East and Africa: Heating Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Middle East and Africa: Heating Equipment Market: Breakup by Country (in %), 2022
- Figure 71: Middle East and Africa: Heating Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Global: Heating Equipment Industry: SWOT Analysis
- Figure 73: Global: Heating Equipment Industry: Value Chain Analysis
- Figure 74: Global: Heating Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Heating Equipment Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Heating Equipment Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Heating Equipment Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Heating Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Heating Equipment Market: Competitive Structure
- Table 6: Global: Heating Equipment Market: Key Players
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