Press release
North America Heating Equipment Market Forecast to 2027 by Danfoss, Daikin Industries, Ltd.,Emerson Electric Co., Johnson Controls, Inc.
The North America heating equipment market was valued at US$ 7,610.8 million in 2019 and is projected to reach US$ 11,839.8 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027.The US, Canada, and Mexico are major economies in North America. The changing climate has led to an increase in demand for electrical cooling systems in summer and natural gas, fuel oil, wood and electrical heating equipment in winter. In addition, climate change damages the energy use of buildings and affects air conditioning loads that vary depending on the ambient temperature and humidity. In the US, the energy efficiency of heating equipment is expected to improve with the introduction of new government regulations. This provides the key to the smart heating equipment for most modern building heating and air conditioning units.
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Manufacturing and supply chains have been disrupted by a lockdown and bans on transport in many countries. There has been economic stagnation and uncertainty in the manufacturing sector. In addition, school and workplace closures also reduced the commercial demand for heating appliances.. However, major growth is expected over the next few years from the efforts of key players in product creation and innovation.
North America Heating Equipment Market – by Product
Heat pumps
Furnaces
Boilers
Unitary Heaters
North America Heating Equipment Market – by End-user
Residential
Commercial
Industrial
North America Heating Equipment Market – by Country
US
Canada
Mexico
North America Heating Equipment Market – Companies Mentioned
Carrier Global Corporation
Daikin Industries, Ltd.
Danfoss
Emerson Electric Co.
Haier Group Corporation
Johnson Controls, Inc.
Lennox International, Inc.
Panasonic Corporation
Robert Bosch GmbH
Trane Technologies
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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