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Global Heating Equipment Market Report 2023 | Market Size, Key Drivers And Top Trends | Danfoss A/S, United Technologies Corporation, Trane Technologies plc, Lennox International Inc., Robert Bosch GmbH
Heating Equipment Market Report
As per the heating equipment market report by The Business Research Company The growing demand for construction industry is expected to propel the growth of the heating equipment market going forward. The construction sector refers to the organizations that deals with creating, maintaining, and repairing infrastructures. The growing construction industry uses heating equipment such as heat pumps to provide heating and cooling in large as well as medium-sized buildings.
The global heating equipment market size grew from $36.35 billion in 2022 to $40.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The heating equipment market size is expected to grow to $51.08 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the heating equipment market include Danfoss A/S, United Technologies Corporation, Trane Technologies plc, Lennox International Inc., Robert Bosch GmbH, Johnson Controls, Emerson Electric Co., Honeywell International Inc., Siemens AG, Daikin Industries Ltd., Uponor Corporation, Mitsubishi Electric Corporation, Nortek Inc., Pentair, and Nexans.
The heating equipment market is segmented -
•By Product: Heat Pumps, Furnaces, Boilers, Unitary Heaters, Other Products
•By Technology: Air Source, Water Source, Ground Source
•By Application: Residential, Commercial, Industrial
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the heating equipment market.
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Heating equipment is a device that generates heat to regulate a space's temperature using thermal energy. A freestanding stove, fireplace, or non-electric stove are some heating devices intended to generate heat for a room or indoor area. Heating equipment are also used in laboratories for experiments and other industrial purposes.
The Table Of Content For The Heating Equipment Market Include:
1. Executive Summary
2. Heating Equipment Market Characteristics
3. Heating Equipment Market Trends And Strategies
4. Heating Equipment Market - Macro Economic Scenario
5. Heating Equipment Market Size And Growth
……
26. Africa Heating Equipment Market
27. Heating Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Heating Equipment Market
29. Heating Equipment Market Future Outlook and Potential Analysis
30. Appendix
The "Global Heating Equipment Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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