Heating Equipment Market Analysis By Product (Heat Pumps, Furnaces, Boilers, Unitary Heaters), By Application (Residential, Commercial, Industrial), Competitive Benchmarking, Trends, And Segment Forecasts, 2014 - 2025

  • ID: 3989860
  • Report
  • 110 pages
  • Grand View Research
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The global heating equipment market is expected to reach USD 48.58 billion by 2025. Mandatory government regulations and incentives provided on energy saving solutions in the commercial as well as industrial sector is projected to boost the demand for heating equipment.

Growing disposable income coupled with low-interest rates in several countries has given companies more cash in hand to upgrade their capital equipment in offices, production facilities, and stores. Low-interest rates are expected to augment the growth of this market as it makes it easier to invest in costly equipment upgrades.

Rapidly growing space and water heating requirement in North America, Europe, and Asia Pacific is projected to boost the demand for heating equipment in these regions.Industrial buyers focus on factors such as energy and operational cost savings, maintenance cost, and product lifespan. However, residential buyers seek energy-saving solutions at economical prices.

Further key findings from the report suggest:

Technological upgradations and development of energy efficient solutions are anticipated to drive market demand

Heat pumps were the largest product segment and accounted for over 40% of total revenue in 2015. Heat pumps are of the most efficient as compared to other fuel, gas, and other electric heating systems. Furnaces are expected to witness the highest growth of 5.8% over the forecast period.

Industrial was the largest application segment with demand share exceeding 55% in 2015. It is also expected to witness the highest growth of 5.7% over the forecast period.

The growing demand for space and water heating products is expected to aid products growth in residential sector

Europe led the global industry with demand share estimated at 38.5% in 2015. The favorable regulatory scenario is expected to drive the regional market.

Asia Pacific is projected to witness the highest growth of 6.2% on account of increasing manufacturing activities in China and India

Acquiring certifications such as ENERGY STAR, AHRI, and CEE is expected to benefit manufacturers as customer prefer solutions that help reduce their energy consumption cost

Companies work continuously with their supply base to ensure sourcing of quality raw materials at reasonable prices

Companies pursue cost reductions through strategies such as consolidating purchases, bidding among potential suppliers, and global strategic sourcing

Major companies identified in this industry include Danfoss, United Technologies Corporation, Ingersoll-Rand Plc, Lennox International, Inc., Daikin Industries Ltd., Johnson Controls, Robert Bosch GmbH among others
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1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
2 Executive Summary
3 Market Snapshot
3.1 Heating equipment - Industry snapshot and key buying criteria
4 Market Variables, Trends & Scope
4.1 Market segmentation & scope
4.2 Penetration & growth prospect mapping
4.3 Value chain analysis
4.4 Raw material trend
4.5 Regulatory framework
4.6 Market dynamics
4.6.1 Market driver analysis
4.6.1.1 Favorable government policies
4.6.1.2 Growing construction activities
4.6.1.3 Increasing demand for energy efficient solutions
4.6.2 Market restraint analysis
4.6.2.1 High cost of installation
4.7 Industry analysis - Porter’s
4.8 PESTEL analysis
5 Heating Equipment Market: Product Estimates & Trend Analysis
5.1 Product movement analysis & market share, 2015 & 2025
5.2 Market size forecasts and trend analysis by product, 2014 - 2025 (USD Million)
5.2.1 Heat pumps
5.2.1.1 Market estimates & forecast, 2014 - 2025
5.2.1.2 Market estimates & forecast by region, 2014 - 2025
5.2.2 Furnaces
5.2.2.1 Market estimates & forecast, 2014 - 2025
5.2.2.2 Market estimates & forecast by region, 2014 - 2025
5.2.3 Boilers
5.2.3.1 Market estimates & forecast, 2014 - 2025
5.2.3.2 Market estimates & forecast by region, 2014 - 2025
5.2.4 Unitary heaters
5.2.4.1 Market estimates & forecast, 2014 - 2025
5.2.4.2 Market estimates & forecast by region, 2014 - 2025
5.2.5 Others
5.2.5.1 Market estimates & forecast, 2014 - 2025
5.2.5.2 Market estimates & forecast by region, 2014 - 2025
6 Heating Equipment Market: Application Estimates & Trend Analysis
6.1 Application movement analysis & market share, 2015 & 2025
6.2 Market size forecasts and trend analysis by application, 2014 - 2025 (USD Million)
6.2.1 Residential
6.2.1.1 Market estimates & forecast, 2014 - 2025
6.2.1.2 Market estimates & forecast by region, 2014 - 2025
6.2.2 Commercial
6.2.2.1 Market estimates & forecast, 2014 - 2025
6.2.2.2 Market estimates & forecast by region, 2014 - 2025
6.2.3 Industrial
6.2.3.1 Market estimates & forecast, 2014 - 2025
6.2.3.2 Market estimates & forecast by region, 2014 - 2025
7 Heating Equipment Market: Regional Estimates & Trend Analysis
7.1 Regional movement analysis & market share, 2015 & 2025
7.2 Market size forecasts & trend analysis by region, 2014 - 2025 (USD Million)
7.3 North America
7.3.1 Market estimates & forecast, 2014 - 2025
7.3.2 Market estimates & forecast by product, 2014 - 2025
7.3.3 Market estimates & forecast by application, 2014 - 2025
7.3.4 U.S.
7.3.4.1 Market estimates & forecast, 2014 - 2025
7.3.4.2 Market estimates & forecast by product, 2014 - 2025
7.3.4.3 Market estimates & forecast by application, 2014 - 2025
7.3.5 Canada
7.3.5.1 Market estimates & forecast, 2014 - 2025
7.3.5.2 Market estimates & forecast by product, 2014 - 2025
7.3.5.3 Market estimates & forecast by application, 2014 - 2025
7.3.6 Mexico
7.3.6.1 Market estimates & forecast, 2014 - 2025
7.3.6.2 Market estimates & forecast by product, 2014 - 2025
7.3.6.3 Market estimates & forecast by application, 2014 - 2025
7.4 Europe
7.4.1 Market estimates & forecast, 2014 - 2025
7.4.2 Market estimates & forecast by product, 2014 - 2025
7.4.3 Market estimates & forecast by application, 2014 - 2025
7.4.4 Germany
7.4.4.1 Market estimates & forecast, 2014 - 2025
7.4.4.2 Market estimates & forecast by product, 2014 - 2025
7.4.4.3 Market estimates & forecast by application, 2014 - 2025
7.4.5 France
7.4.5.1 Market estimates & forecast, 2014 - 2025
7.4.5.2 Market estimates & forecast by product, 2014 - 2025
7.4.5.3 Market estimates & forecast by application, 2014 - 2025
7.4.6 UK
7.4.6.1 Market estimates & forecast, 2014 - 2025
7.4.6.2 Market estimates & forecast by product, 2014 - 2025
7.4.6.3 Market estimates & forecast by application, 2014 - 2025
7.4.7 Russia
7.4.7.1 Market estimates & forecast, 2014 - 2025
7.4.7.2 Market estimates & forecast by product, 2014 - 2025
7.4.7.3 Market estimates & forecast by application, 2014 - 2025
7.5 Asia Pacific
7.5.1 Market estimates & forecast, 2014 - 2025
7.5.2 Market estimates & forecast by product, 2014 - 2025
7.5.3 Market estimates & forecast by application, 2014 - 2025
7.5.4 China
7.5.4.1 Market estimates & forecast, 2014 - 2025
7.5.4.2 Market estimates & forecast by product, 2014 - 2025
7.5.4.3 Market estimates & forecast by application, 2014 - 2025
7.5.5 Japan
7.5.5.1 Market estimates & forecast, 2014 - 2025
7.5.5.2 Market estimates & forecast by product, 2014 - 2025
7.5.5.3 Market estimates & forecast by application, 2014 - 2025
7.5.6 India
7.5.6.1 Market estimates & forecast, 2014 - 2025
7.5.6.2 Market estimates & forecast by product, 2014 - 2025
7.5.6.3 Market estimates & forecast by application, 2014 - 2025
7.6 Central & South America
7.6.1 Market estimates & forecast, 2014 - 2025
7.6.2 Market estimates & forecast by product, 2014 - 2025
7.6.3 Market estimates & forecast by application, 2014 - 2025
7.6.4 Brazil
7.6.4.1 Market estimates & forecast, 2014 - 2025
7.6.4.2 Market estimates & forecast by product, 2014 - 2025
7.6.4.3 Market estimates & forecast by application, 2014 - 2025
7.7 Middle East & Africa
7.7.1 Market estimates & forecast, 2014 - 2025
7.7.2 Market estimates & forecast by product, 2014 - 2025
7.7.3 Market estimates & forecast by application, 2014 - 2025
7.7.4 Saudi Arabia
7.7.4.1 Market estimates & forecast, 2014 - 2025
7.7.4.2 Market estimates & forecast by product, 2014 - 2025
7.7.4.3 Market estimates & forecast by application, 2014 - 2025
8 Competitive Landscape
8.1 Vendor landscape
8.2 Competitive environment
8.3 Company market positioning
8.3.1 Four Quadrant positioning
8.4 Strategy framework
9 Company Profiles
9.1 Danfoss
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Industries & services catered
9.1.4 Product benchmarking
9.1.5 Strategic initiatives
9.2 United Technologies Corporation
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Industries &services catered
9.2.4 Product benchmarking
9.2.5 Strategic initiatives
9.3 Ingersoll-Rand Plc
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Industries & services catered
9.3.4 Product benchmarking
9.4 Lennox International Inc.
9.4.1 Company overview
9.4.2 Financial performance
9.4.3 Industries & services catered
9.4.4 Product benchmarking
9.4.5 Strategic initiatives
9.5 Daikin Industries, Ltd.
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Industries &services catered
9.5.4 Product benchmarking
9.5.5 Strategic initiatives
9.6 Johnson Controls Inc.
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Industries & services catered
9.6.4 Product benchmarking
9.6.5 Strategic initiatives
9.7 Robert Bosch GmbH
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Industries &services catered
9.7.4 Product benchmarking
9.7.5 Strategic initiatives
9.8 Honeywell International Inc.
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Industries &services catered
9.8.4 Product benchmarking
9.8.5 Strategic initiatives
9.9 Uponor Corporation
9.9.1 Company overview
9.9.2 Financial performance
9.9.3 Industries &services catered
9.9.4 Product benchmarking
9.10 Emerson Electric
9.10.1 Company overview
9.10.2 Financial performance
9.10.3 Industries &services catered
9.10.4 Product benchmarking

List of Tables

Table 1 Heating equipment - Regulatory framework
Table 2 Heating equipment - Key market driver impact
Table 3 Heating equipment - Key market restraints impact
Table 4 Heating equipment market revenue estimates & forecast by product, 2014 - 2025 (USD Million)
Table 5 Heating equipment market estimates & forecast from heat pumps, 2014 - 2025 (USD Million)
Table 6 Heating equipment market revenue estimates & forecast from heat pumps, by region, 2014 - 2025 (USD Million)
Table 7 Heating equipment market estimates & forecast from furnaces, 2014 - 2025 (USD Million)
Table 8 Heating equipment market revenue estimates & forecast from furnaces, by region, 2014 - 2025 (USD Million)
Table 9 Heating equipment market estimates & forecast from boilers, 2014 - 2025 (USD Million)
Table 10 Heating equipment market revenue estimates & forecast from boilers, by region, 2014 - 2025 (USD Million)
Table 11 Heating equipment market estimates & forecast from unitary heaters, 2014 - 2025 (USD Million)
Table 12 Heating equipment market revenue estimates & forecast from unitary heaters, by region, 2014 - 2025 (USD Million)
Table 13 Heating equipment market estimates & forecast from other products, 2014 - 2025 (USD Million)
Table 14 Heating equipment market revenue estimates & forecast from other products, by region, 2014 - 2025 (USD Million)
Table 15 Heating equipment market revenue estimates & forecast by application, 2014 - 2025 (USD Million)
Table 16 Heating equipment market estimates & forecast from residential, 2014 - 2025 (USD Million)
Table 17 Heating equipment market revenue estimates & forecast from residential, by region, 2014 - 2025 (USD Million)
Table 18 Heating equipment market estimates & forecast from commercial, 2014 - 2025 (USD Million)
Table 19 Heating equipment market revenue estimates & forecast from commercial, by region, 2014 - 2025 (USD Million)
Table 20 Heating equipment market estimates & forecast from industrial, 2014 - 2025 (USD Million)
Table 21 Heating equipment market revenue estimates & forecast from industrial, by region, 2014 - 2025 (USD Million)
Table 22 Heating equipment revenue estimates & forecast by region, 2014 - 2025 (USD Million)
Table 23 North America heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 24 North America heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 25 North America heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 26 U.S. heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 27 U.S. heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 28 U.S. heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 29 Canada heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 30 Canada heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 31 Canada heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 32 Mexico heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 33 Mexico heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 34 Mexico heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 35 Europe heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 36 Europe heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 37 Europe heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 38 Germany heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 39 Germany heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 40 Germany heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 41 France heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 42 France heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 43 France heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 44 UK heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 45 UK heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 46 UK heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 47 Russia heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 48 Russia heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 49 Russia heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 50 Asia Pacific heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 51 Asia Pacific heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 52 Asia Pacific heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 53 China heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 54 China heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 55 China heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 56 Japan heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 57 Japan heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 58 Japan heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 59 India heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 60 India heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 61 India heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 62 CSA heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 63 CSA heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 64 CSA heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 65 Brazil heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 66 Brazil heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 67 Brazil heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 68 MEA heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 69 MEA heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 70 MEA heating equipment market revenue by application, 2014 - 2025 (USD Million)
Table 71 Saudi Arabia heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
Table 72 Saudi Arabia heating equipment market revenue by product, 2014 - 2025 (USD Million)
Table 73 Saudi Arabia heating equipment market revenue by application, 2014 - 2025 (USD Million)

List of Figures

Figure 1 Heating equipment market revenue share, 2015 (USD Million)
Figure 2 Heating equipment industry snapshot
Figure 3 Heating equipment market segmentation
Figure 4 Global heating equipment market, 2014 - 2025 (USD Million)
Figure 5 Heating equipment value chain analysis
Figure 6 Heating equipment market dynamics
Figure 7 Construction spending by country, 2013 (USD Billion) & CAGR, 2013 - 2017 (%)
Figure 8 Heating equipment - Porter’s analysis
Figure 9 Global heating equipment PESTEL analysis
Figure 10 Heating equipment market revenue by product, 2015 & 2025 (USD Million)
Figure 11 Heating equipment market revenue by application, 2015 & 2025 (USD Million)
Figure 12 Heating equipment market share by region, 2015 & 2025 (USD Million)
Figure 13 Heating equipment revenue growth rate, by region, 2016 to 2025
Figure 14 Competitive strategy adopted by leading players
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