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Heating Equipment Market 2023 - Industry Insights, New Trends, Growth, And Forecast To 2032
Heating Equipment Market
The Business Research Company's Heating Equipment Global Market Report 2023 identifies growing demand for construction industry is expected to propel the growth of the heating equipment market. 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 are 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.
Technological advancements are a key trend gaining popularity in the heating equipment market. Major companies operating in the market are using new technologies, such as injection technology, to sustain their position in the market.
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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.
The Business Research Company's "Global Heating Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Heating Equipment Market Include:
1. Heating Equipment Market Executive Summary
2. Heating Equipment Market Segments
3. Heating Equipment Market Size And Heating Equipment Market Growth Rate
4. Key Heating Equipment Market Trends
5. Major Heating Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Heating Equipment Market
26. Top Heating Equipment Companies
27. Heating Equipment Market Opportunities And Strategies
28. Heating Equipment Market, Conclusions And Recommendations
29. Appendix
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