Heating Equipment (Except Warm Air Furnaces) Market Anticipated To Witness Robust Growth, Surpassing $71.38 Billion By 2029

The Heating Equipment (Except Warm Air Furnaces) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Heating Equipment (Except Warm Air Furnaces) Market Size Expected to Be by 2034?
The market size for heating equipment, excluding warm air furnaces, has experienced significant growth over the recent years. The market is anticipated to expand from $52.19 billion in 2024 to $56 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.3%. This progression in the historical period can be ascribed to various driving factors such as energy efficiency legislation, population growth coupled with urbanization, industrial development and commercial construction, governmental incentives and subsidies, and consumer demand for comfort.

Rapid expansion is predicted in the heating equipment (excluding warm air furnaces) market size in the upcoming years, projected to rise to $71.38 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. This predicted growth during the forecast period is credited to factors such as the assimilation of renewable energy, incorporation of smart home technology, standards for environmental sustainability, increased demand for retrofitting, global concerns over climate change, and market progression in emergent regions. Key trends shaping the forecast period encompass the integration of technology for improved efficiency, technological enhancements, hydronic heating systems, decentralized heating solutions, modern materials and design, and electrification of heating.

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How Are Emerging Segments Shaping the Heating Equipment (Except Warm Air Furnaces) Market Landscape?
The heating equipment (except warm air furnaces) market covered in this report is segmented -

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

Subsegments:
1) By Fireplaces: Traditional Fireplaces, Electric Fireplaces, Gas Fireplaces, Pellet Fireplaces
2) By Wood-Burning Stoves: Traditional Wood Stoves, Modern Wood Stoves, Cook Stoves
3) By Supplemental Heaters: Electric Space Heaters, Infrared Heaters, Ceramic Heaters
4) By Low-Pressure Steam: Steam Boilers, Steam Radiators, Steam Traps
5) By Hot Water Boilers: Conventional Hot Water Boilers, Combi Boilers, Condensing Boilers
6) By Furnaces: Gas Furnaces, Oil Furnaces, Electric Furnaces

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Which Growth Factors Are Influencing Heating Equipment (Except Warm Air Furnaces) Market Expansion?
The growth of the heating equipment (except warm air furnaces) market is anticipated to be boosted by the surging quantity of residential construction developments. These residential undertakings involve the building of homes, apartments, and lofty structures. Heating systems play a crucial role in controlling the temperature and humidity within these projects, aiming to ensure acceptable indoor air quality and thermal comfort. As such, the growth in both residential and commercial construction projects escalates the demand for heating equipment (except warm air furnaces) market. For example, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported in January 2023 that 1.4 million residential properties were built, which is a rise of 12.8% compared to January 2022. Consequently, the heating equipment (except warm air furnaces) market is driven by the growing number of residential construction projects.

Who Are the Dominant Players Across Different Heating Equipment (Except Warm Air Furnaces) Market Segments?
Major companies operating in the heating equipment (except warm air furnaces) market include Heatstar Limited, Red Dot Corporation, Thermal Solutions Products LLC, New Yorker Boiler Company Inc., DTE Biomass Energy Inc., Bard HVAC, Fulton Thermal Corporation, John Zink Company LLC, Toyotomi Co. Ltd., ECR International Inc., Daikin Industries Ltd., Ingersoll-Rand plc, Lennox International Inc., Robert Bosch GmbH, A.O. Smith Corporation, ABB Ltd., Bosch Thermotechnology Corp., Bradford White Corporation, Burnham Holdings Inc., Carrier Corporation, Danfoss A/S, Emerson Electric Co., Ground Heaters Inc., Honeywell International Inc., HTP Comfort Solutions LLC, Johnson Controls International plc, Laars Heating Systems Company, Lochinvar LLC, Mitsubishi Electric Corporation

What Are the Latest Developing Trends in the Heating Equipment (Except Warm Air Furnaces) Market?
Major corporations in the heating equipment sector (excluding warm air furnaces) are adopting the key trend of product innovations to maintain their market stance. This is exemplified by the US-based company, Rondo Energy, known for its operation in heat equipment, which launched two innovative models in November 2022. These models were equipped with the pioneering Rondo Heat Battery (RHB), specifically the RHB100 and RHB300. Functioning at up to 1500°C, the RHB provides zero-carbon heat for various industrial sectors including steel, cement, and chemical production, as well as low-temperature food processing, sustaining this heat for extended periods. Furthermore, the cost-efficient technology used in the Rondo heat battery allows for fast charging, enduring service life, a high temperature of up to 1500°C, and improved efficiency at the site.

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Which Geographic Regions Are Expected to Dominate the Heating Equipment (Except Warm Air Furnaces) Market in the Coming Years?
North America was the largest region in the heating equipment (except warm air furnaces) market in 2024. The regions covered in the heating equipment (except warm air furnaces) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Heating Equipment (Except Warm Air Furnaces) Market?
2. What is the CAGR expected in the Heating Equipment (Except Warm Air Furnaces) Market?
3. What Are the Key Innovations Transforming the Heating Equipment (Except Warm Air Furnaces) Industry?
4. Which Region Is Leading the Heating Equipment (Except Warm Air Furnaces) Market?

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