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Global Heating Equipment (Except Warm Air Furnaces) Market 2023 - By Size, Trends, Share And Market Growth Opportunities To 2032
Heating Equipment (Except Warm Air Furnaces) Market
The Business Research Company's Heating Equipment (Except Warm Air Furnaces) Global Market Report 2023 identifies increasing number of residential construction projects as the major driver for the Heating Equipment (Except Warm Air Furnaces) market's growth in the forecast period. 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.
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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Major competitors in the Heating Equipment (Except Warm Air Furnaces) market are Heatstar limited, Red Dot Corporation, Thermal Solutions Products, New Yorker Boiler Company.
A key trend in the Heating Equipment (Except Warm Air Furnaces) market includes product innovations. Major companies operating in heating equipment (except warm air furnaces) are introducing innovative products to sustain their position in the market. For instance, in November 2022, Rondo Energy, a US-based company operating in heat equipment, launched two models that include a revolutionary Rondo Heat Battery (RHB), the RHB100 and RHB300. The RHB delivers zero-carbon heat for steel, cement, chemical manufacturing, and to low-temperature food processes as it stores heat energy at temperatures up to 1500°C for hours or days. Rondo heat battery includes low-cost technology that delivers fast charging, high-temperature up to 1500°C, possesses long service life, and enables site efficiency.
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The Heating Equipment (Except Warm Air Furnaces) market is segmented -
• By Type: Fireplaces, Wood-Burning Stoves, Supplemental Heaters, Low-Pressure Steam, Hot Water Boilers, Furnaces
• By Business Type: New Construction, Retrofits
• 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.
The Business Research Company's "Global Heating Equipment (Except Warm Air Furnaces) 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 (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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