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Heating Equipment (Except Warm Air Furnaces) Market 2023 - Market Size, Leading Competitors, Growth Trends, Major Players And Forecast To 2032
Heating Equipment (Except Warm Air Furnaces) Market Analysis
Heating Equipment (Except Warm Air Furnaces) Market Size, Growth Rate, And Forecast
The global heating equipment (except warm air furnaces) market size is expected to grow from $43.57 billion in 2022 to $47.10 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global heating equipment (except warm air furnaces) market size is expected to reach $57.99 billion in 2027 at a CAGR of 5.3%.
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Heating Equipment (Except Warm Air Furnaces) Market Drivers
The increasing number of residential construction projects is expected to propel the growth of the heating equipment (except warm air furnaces) market going forward. Residential projects refer to the construction of houses, apartments, and high-rise buildings. Heating equipment is used to control the temperature and humidity in a residential project and the goal is to provide thermal comfort and acceptable indoor air quality, as a result, an increase in the number of residential and commercial construction projects increases the demand for heating equipment (except warm air furnaces) market.
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Heating Equipment (Except Warm Air Furnaces) Market Segments
1) By Type: Fireplaces, Wood-Burning Stoves, Supplemental Heaters, Low-Pressure Steam, Hot Water Boilers, Furnaces
2) By Business Type: New Construction, Retrofits
3) By Applications: Household, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the heating equipment (except warm air furnaces) market.
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Heating Equipment (Except Warm Air Furnaces) Market Key Players
Major competitors in the heating equipment (except warm air furnaces) market include Heatstar limited, Red Dot Corporation, Thermal Solutions Products, New Yorker Boiler Company, Dte Biomass Energy Inc., Abengoa Solar S.A, Bard HVAC.
The Business Research Company's "Global Heating Equipment (Except Warm Air Furnaces) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Heating Equipment (Except Warm Air Furnaces) Market Include:
1. Executive Summary
2. Heating Equipment (Except Warm Air Furnaces) Market Characteristics
3. Heating Equipment (Except Warm Air Furnaces) Market Trends And Strategies
4. Heating Equipment (Except Warm Air Furnaces) Market - Macro Economic Scenario
5. Heating Equipment (Except Warm Air Furnaces) Market Size And Growth
.......
26. Africa Heating Equipment (Except Warm Air Furnaces) Market
27. Heating Equipment (Except Warm Air Furnaces) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Heating Equipment (Except Warm Air Furnaces) Market
29. Heating Equipment (Except Warm Air Furnaces) Market Future Outlook and Potential Analysis
30. Appendix
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