2025 Warm Air Heating Equipment Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Warm Air Heating Equipment Market Size By 2025?
In recent years, the market size for warm air heating equipment has seen considerable growth. The market is predicted to expand from $128.87 billion in 2024 to $138.54 billion in 2025, at a compound annual growth rate (CAGR) of 7.5%. The historic period's growth can be traced back to factors such as energy efficiency, environmental regulations, economic conditions, and the replacement cycle.

How Big Is the Warm Air Heating Equipment Market Size Expected to Grow by 2029?
The market size for warm air heating equipment is set to witness significant expansion in the coming years, with projections estimating its worth at $172.67 billion by 2029. This represents a compound annual growth rate (CAGR) of 5.7%. This predicted growth for the forecast period can be linked to factors such as building efficiency standards, energy prices, and the overall global economic climate. Further, the forecast period is expected to see prominent trends such as intelligent heating systems, electrification and heat pumps, hybrid systems, customization, zoning, and factors regarding health and comfort, together with industry collaboration.

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Which Key Market Drivers Powering Warm Air Heating Equipment Market Expansion and Growth?
The growth of the warm air heating equipment market is anticipated to be propelled by advantageous initiatives aimed at diminishing carbon emissions. Across the globe, countries are striving to slash carbon emissions in a bid to foster a sustainable environment and enhance the quality of the world we live in. Devices such as heat pumps that form part of the warm air heating equipment market help curb carbon emissions through the utilization of green energy sources. For example, Samsung Electronics Co. Ltd., a company based in South Korea, outlined an environmental roadmap in September 2022 which features a goal to attain net-zero carbon emissions by 2050 through investment in renewable energy, recycling resources effectively, and creating innovative technologies to mitigate climate change and foster sustainability. Likewise, in June 2022, Pfizer Inc., a pharma firm from the United States, committed to realizing the voluntary Net-Zero Standard by 2040, wherein they aim to curtail greenhouse gas emissions by 95% and supply chain emissions by 90% from the rates measured in 2019. Therefore, initiatives by companies to cut down carbon footprint contribute to the expansion of the warm air heating equipment market.

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Which Fast-Growing Trends Are Poised to Disrupt the Warm Air Heating Equipment Market?
Companies are focusing on the creation of intelligent devices to cater to the needs of emerging smart homes and offices. There is a global trend of homes and corporations shifting towards these connected devices, with industry magnates actively developing smart devices that offer enhanced connectivity and proactive maintenance. For instance, in June 2022, Trane Technologies (NYSE), a company from the United States that specializes in warm heating services, unveiled the Model ACX Ascend Air-to-Water Heat Pump, the first in their portfolio to provide both electric heating and cooling. This innovation presents building proprietors with an electrification route to decarbonization. The product is designed for superior energy efficiency, capable of integrating flawlessly with existing systems, thereby diminishing dependence on fossil fuels and promoting environmental sustainability. The design of the heat pump facilitates efficient operation across diverse climates, further demonstrating its adaptability and efficiency. Trane's commitment towards sustainability is visibly present in its new generation Precedent rooftop units which are designed to boost performance and integrate legacy systems for elevated operational efficiency.

What Are the Emerging Segments in the Warm Air Heating Equipment Market?
The warm air heating equipment market covered in this report is segmented -

1) By Product Type: Dehumidifiers, Heat Pumps, Humidifying Equipment
2) By Capacity: Small, Medium, Large
3) By Application: Residential, Commercial, Industrial

Subsegments:
1) By Dehumidifiers: Refrigerant Dehumidifiers, Desiccant Dehumidifiers, Thermoelectric Dehumidifiers
2) By Heat Pumps: Air Source Heat Pumps, Ground Source Heat Pumps, Water Source Heat Pumps
3) By Humidifying Equipment: Steam Humidifiers, Evaporative Humidifiers, Impeller Humidifiers, Ultrasonic Humidifiers

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Who Are the Global Leaders in the Warm Air Heating Equipment Market?
Major companies operating in the warm air heating equipment market include Danfoss, Daikin, Mitsubishi Electric Corporation, WOLF GmbH, Johnson Controls Inc., Honeywell International Inc., Haier Group (China), Hitachi Appliances Inc. (Japan), Viessmann Werke GmbH & Co. KG, Bosch Thermotechnology, Carrier, Lucky Goldstar Electronics, NIBE Group, Lennox International Inc., Trane Technologies plc, Rheem Manufacturing Company, Goodman Manufacturing Company L.P., Fujitsu General Limited, Samsung Electronics Co. Ltd., Nortek Global HVAC LLC, Modine Manufacturing Company, Amana Corporation, Bryant Heating & Cooling Systems, American Standard Companies Inc., Armstrong Air Conditioning Inc., Broan-NuTone LLC, Burnham Holdings Inc., ClimateMaster Inc., Dunkirk Boilers, ECR International Inc., Friedrich Air Conditioning Co. Ltd., Heat Controller Inc., Heil Heating & Cooling Products, International Comfort Products LLC

Which are the Top Profitable Regional Markets for the Warm Air Heating Equipment Industry?
Asia-Pacific was the largest region in the warm air heating equipment market in 2023. North America was the second largest region in the warm air heating equipment market analysis. The regions covered in the warm air heating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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