Heating Equipment Market worth $81.78 billion by 2030, growing at a CAGR of 7.23% - Exclusive Report by 360iResearch

The "Heating Equipment Market by Product (Boilers, Furnaces, Heat Pumps), Technology (Arc Heating, Dielectric Heating, Induction Heating), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Heating Equipment Market to grow from USD 50.16 billion in 2023 to USD 81.78 billion by 2030, at a CAGR of 7.23%.

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Heating equipment encompasses a range of devices used in generating and distributing heat in selective areas or throughout an entire building. Heating systems are integral in maintaining indoor temperature control, particularly in harsh winter weather. Global population growth, coupled with rapid urbanization, has led to an increased demand for heating equipment in residential spaces to optimize the temperature in buildings. Stringent regulations and policies by various governments across the globe aimed at reducing carbon footprint are driving demand for energy-efficient heating equipment. However, the high cost of heating equipment installation may impact their use by the end-use industries globally. Moreover, the integration of innovative technologies in heating equipment can increase their operational efficiency and expand their deployment across the end-use sectors globally.

The Americas region displays a rising preference for energy-efficient and environmentally sustainable heating systems, attributed to increasing energy prices and growing awareness about ecological sustainability. The heating equipment market in Europe, the Middle East, and the African region is rapidly evolving, fueled by the availability of modern infrastructure and concerns over carbon dioxide emissions. Meanwhile, in the EU, substantial investments are committed by the European Investment Bank to boost research and innovation in energy-efficient heating technologies, creating innovative product portfolios. The heating equipment market in the Asia-Pacific region is driven by urbanization and a surge in demand for solar-powered heating systems due to ample sunlight and the growing need to reduce reliance on conventional energy sources. Moreover, stringent regulations and policies by various governments across the Asia-Pacific region aimed at reducing carbon footprint are driving demand for energy-efficient heating equipment. These mandates push Asian manufacturers to increase the energy efficiency rating of their products.

Market Segmentation & Coverage:

This research report categorizes the Heating Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Boilers, Furnaces, Heat Pumps, and Unitary Heaters. The Heat Pumps is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Arc Heating, Dielectric Heating, Induction Heating, Infrared Heating, Power Frequency Heating, and Resistance Heating. The Induction Heating is projected to witness significant market share during forecast period.

Based on Application, market is studied across Commercial, Industrial, and Residential. The Industrial is further studied across Automotive, Chemical, Construction, Food Processing, Manufacturing, Mining, Oil &Gas, and Textile. The Residential is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.01% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Heating Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Heating Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Heating Equipment Market, highlighting leading vendors and their innovative profiles. These include A. O. Smith Corporation, AB Electrolux, BEIJER REF AB, Carrier Global Corporation, Daikin Industries, Ltd., Danfoss, Emerson Electric Co., Ferrite Microwave Technologies, Honeywell International Inc., Johnson Controls International PLC, Lennox International Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Rinnai Corporation, Robert Bosch GmbH, Royal DSM, Siemens AG, Systemair AB, Trane Technologies PLC, Uponor Corporation, and Watsco, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Heating Equipment Market, by Product
7. Heating Equipment Market, by Technology
8. Heating Equipment Market, by Application
9. Americas Heating Equipment Market
10. Asia-Pacific Heating Equipment Market
11. Europe, Middle East & Africa Heating Equipment Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Heating Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Heating Equipment Market?
3. What is the competitive strategic window for opportunities in the Heating Equipment Market?
4. What are the technology trends and regulatory frameworks in the Heating Equipment Market?
5. What is the market share of the leading vendors in the Heating Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Heating Equipment Market?

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