PUBLISHER: The Business Research Company | PRODUCT CODE: 1932582
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932582
Heating equipment, excluding warm air furnaces, refers to devices that utilize an energy source to heat either air or a liquid, providing warmth for various purposes. These devices find applications in industrial and commercial operations, including the purification of solvents through distillation, extraction processes using rotary evaporators, and the determination of physical parameters such as boiling point, melting point, flashpoint, and more.
The primary types of heating equipment, excluding warm air furnaces, include fireplaces, wood-burning stoves, supplemental heaters, low-pressure steam, hot water boilers, and furnaces. Fireplaces are open areas built into the structure of a home where a contained fire generates heat, creating a cozy atmosphere, and waste gases and smoke are safely expelled through a chimney. Businesses engaged in the heating equipment industry may be involved in new construction projects or retrofits. These heating solutions find use in various applications, including households, commercial establishments, and industrial settings.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the heating equipment except warm air furnaces market by increasing the cost of imported boilers, pressure vessels, heating elements, and control systems. Industrial and commercial users in North America and Europe are most affected due to reliance on imported specialized equipment, while Asia-Pacific exporters face pricing pressure. These tariffs are increasing capital expenditure and delaying system upgrades. However, they are also encouraging domestic manufacturing, localized sourcing of components, and development of efficient and application-specific heating solutions.
The heating equipment(except warm air furnaces)market research report is one of a series of new reports from The Business Research Company that provides heating equipment(except warm air furnaces)market statistics, including heating equipment(except warm air furnaces)industry global market size, regional shares, competitors with heating equipment (except warm air furnaces)market share, detailed heating equipment(except warm air furnaces)market segments, market trends and opportunities, and any further data you may need to thrive in the heating equipment(except warm air furnaces)industry. This heating equipment (except warm air furnaces) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The heating equipment (except warm air furnaces) market size has grown strongly in recent years. It will grow from $55.79 billion in 2025 to $58.73 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to expansion of industrial processing facilities, demand for precise temperature control, growth of laboratory testing activities, adoption of boiler-based heating, industrial safety requirements.
The heating equipment (except warm air furnaces) market size is expected to see strong growth in the next few years. It will grow to $75.05 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to industrial decarbonization initiatives, replacement of legacy heating systems, adoption of high-efficiency boilers, growth in chemical and pharmaceutical processing, automation of industrial heating. Major trends in the forecast period include growing demand for process heating equipment, expansion of laboratory heating applications, adoption of energy-efficient boiler systems, rising use in industrial fluid heating, modernization of heating infrastructure.
The increasing number of residential construction projects is expected to drive the growth of the heating equipment (except warm air furnaces) market going forward. Residential projects include the construction of houses, apartments, and high-rise buildings. Heating equipment is used to regulate temperature and humidity in these projects, ensuring thermal comfort and acceptable indoor air quality. As the number of residential and commercial construction projects rises, demand for heating equipment (except warm air furnaces) also increases. For instance, in January 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, 1.4 million residential houses were constructed, representing a 12.8% increase compared to January 2022. Therefore, the growing number of residential construction projects is boosting the heating equipment (except warm air furnaces) market.
Major companies in the heating equipment (except warm air furnaces) market are focusing on air-to-water heat pumps to drive revenue growth. Air-to-water heat pumps use ambient air to either absorb or reject heat, depending on the operating mode, for heating or cooling purposes. For instance, in May 2023, Daikin Industries Ltd., a Japan-based manufacturer specializing in air conditioning, heating, ventilation, and refrigeration systems, launched an air-to-water heat pump. The device features a reversing function that allows it to switch between heating and cooling modes based on process or space temperature requirements. With a coefficient of performance (COP) of 3.12 in heating mode and a seasonal coefficient of performance (SCOP) of 3.31, it delivers a heating capacity of 91.2 kW and a cooling capacity of 23.58 tons. The heat pump includes a brazed plate evaporator with low refrigerant pressure drops, low discharge pressure, continuous fan speed modulation, a large condenser coil surface for optimal heat transfer, and high-efficiency scroll compressors.
In July 2024, Bradford White Corporation, a US-based provider of residential, commercial, and industrial water heaters, boilers, and storage-tank products, acquired Heat-flo Inc. for an undisclosed amount. This acquisition provides Bradford White access to Heat-flo's portfolio of stainless-steel indirect water-heating solutions and hydronic storage tanks for residential, commercial, and industrial applications, enhancing its water- and space-heating capabilities while expanding its customer reach and compliance with evolving regulatory standards. Heat-flo Inc. is a US-based company specializing in stainless-steel indirect water-heating systems, hydronic storage tanks, multi-energy and solar-compatible water-heating solutions, and hydronic and radiant-heating applications.
Major companies operating in the heating equipment (except warm air furnaces) market are Thermal Solutions Products LLC, New Yorker Boiler Company Inc., Bard HVAC, Fulton Thermal Corporation, John Zink Company LLC, Toyotomi Co. Ltd., ECR International Inc., Daikin Industries Ltd., Robert Bosch GmbH, A.O. Smith Corporation, Bosch Thermotechnology Corp., Bradford White Corporation, Burnham Holdings Inc., Carrier Corporation, Danfoss A/S, Emerson Electric Co., Honeywell International Inc., HTP Comfort Solutions LLC, Johnson Controls International plc, Laars Heating Systems Company, Lochinvar LLC, Mitsubishi Electric Corporation
North America was the largest region in the heating equipment (except warm air furnaces) market in 2025. The regions covered in the heating equipment (except warm air furnaces) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the heating equipment (except warm air furnaces) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The heating equipment (except for warm air furnaces) market consists of sales of heating boilers, heating stoves, floor and wall furnaces, wall and baseboard heaters, and heating units. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Heating Equipment (Except Warm Air Furnaces) Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses heating equipment (except warm air furnaces) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for heating equipment (except warm air furnaces) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The heating equipment (except warm air furnaces) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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