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Heating Equipment Market Size, Share & Trends Analysis Report by Product (Unitary Heaters, Heat Pumps, Furnaces), by Application (Commercial, Residential, Industrial), by Region, and Segment Forecasts, 2019 - 2025

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    Report

  • June 2019
  • Region: Global
  • Grand View Research
  • ID: 3989860
Description Jump to:
The global heating equipment market size is expected to reach USD 48.58 billion by 2025 registering a CAGR of 5.4%, according to this report. The market is expected to be driven by the government mandates and incentives provided on energy-efficient solutions through initiatives, such as Leadership in Energy and Environmental Design. Growing spending in construction sector coupled with repair and replacement activities for the existing systems are anticipated to drive the demand for energy-efficient heating solutions.

The construction industries in Europe and North America are focused on building sustainable and efficient structures, which is expected to drive the demand for such systems. Moreover, development of energy-efficient solutions owing to technological upgradation will significantly augment the market growth over the forecast years. Water and large space heating requirement in U.S. is also projected to fuel market expansion. In addition, rapidly expanding automotive sector is anticipated to boost the demand for advanced heating solutions in the country.

Further key findings from the study suggest:
  • The furnaces product segment is expected to witness the highest CAGR from 2019 to 2025 on account of rising product demand due to low maintenance and installation costs

  • The heat pumps segment accounted for the largest share in 2018 and is projected to continue its dominance throughout the forecast years

  • Europe led the market in 2018 and is projected to maintain its leading position over the estimated period due to rapid industrialization and demand for energy-efficient solutions as a result of stringent regulatory framework

  • Some of the major companies include Danfoss, United Technologies Corporation, Ingersoll-Rand Plc, Lennox International, Inc., Johnson Controls, and Robert Bosch GmbH

  • Companies work continuously with their supply base to ensure sourcing of quality raw materials at reasonable prices and pursue cost reductions through strategies, such as consolidating purchases, bidding among potential suppliers, and global strategic sourcing


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal database
1.3.3 Secondary Sources & Third-Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & growth prospect mapping
3.3 Value chain analysis
3.4 Raw material trend
3.5 Regulatory framework
3.6 Market dynamics
3.6.1 Market driver analysis
3.6.1.1 Favorable government policies
3.6.1.2 Growing construction activities
3.6.1.3 Increasing demand for energy efficient solutions
3.6.2 Market restraint analysis
3.6.2.1 High cost of installation
3.7 Business Environment Analysis
3.7.1 Industry Analysis - Porter’s
3.7.1.1 Supplier Power
3.7.1.2 Buyer Power
3.7.1.3 Substitution Threat
3.7.1.4 Threat from New Entrant
3.7.1.5 Competitive Rivalry
3.7.2 PESTEL Analysis
3.7.2.1 Political Landscape
3.7.2.2 Environmental Landscape
3.7.2.3 Social Landscape
3.7.2.4 Technology Landscape
3.7.2.5 Economic Landscape
3.7.2.6 Legal Landscape
Chapter 4 Heating Equipment Market: Product Estimates & Trend Analysis
4.1 Definition & Scope
4.2 Product movement analysis & market share, 2018 & 2025
4.3 Market size forecasts and trend analysis by product, 2014 - 2025 (USD Million)
4.3.1 Heat pumps
4.3.1.1 Market estimates & forecast from heat pumps, 2014 - 2025 (USD Million)
4.3.1.2 Market estimates & forecast from heat pumps, by region, 2014 - 2025 (USD Million)
4.3.2 Furnaces
4.3.2.1 Market estimates & forecast from furnaces, 2014 - 2025 (USD Million)
4.3.2.2 Market estimates & forecast from furnaces, by region, 2014 - 2025 (USD Million)
4.3.3 Boilers
4.3.3.1 Market estimates & forecast from boilers, 2014 - 2025 (USD Million)
4.3.3.2 Market estimates & forecast from boilers, by region, 2014 - 2025 (USD Million)
4.3.4 Unitary heaters
4.3.4.1 Market estimates & forecast from unitary heaters, 2014 - 2025 (USD Million)
4.3.4.2 Market estimates & forecast from unitary heaters, by region, 2014 - 2025 (USD Million)
4.3.5 Others
4.3.5.1 Market estimates & forecast from other products, 2014 - 2025 (USD Million)
4.3.5.2 Market estimates & forecast from other products, by region, 2014 - 2025 (USD Million)
Chapter 5 Heating Equipment Market: Application Estimates & Trend Analysis
5.1 Definition & Scope
5.2 Application movement analysis & market share, 2018 & 2025
5.3 Market size forecasts and trend analysis by application, 2014 - 2025 (USD Million)
5.3.1 Residential
5.3.1.1 Market estimates & forecast from residential, 2014 - 2025 (USD Million)
5.3.1.2 Market estimates & forecast from residential, by region, 2014 - 2025 (USD Million)
5.3.2 Commercial
5.3.2.1 Market estimates & forecast from commercial, 2014 - 2025 (USD Million)
5.3.2.2 Market estimates & fLorecast from commercial, by region, 2014 - 2025 (USD Million)
5.3.3 Industrial
5.3.3.1 Market estimates & forecast from industrial, 2014 - 2025 (USD Million)
5.3.3.2 Market estimates & forecast from industrial, by region, 2014 - 2025 (USD Million)
Chapter 6 Heating Equipment Market: Regional Estimates & Trend Analysis
6.1 Definition & Scope
6.2 Regional movement analysis & market share, 2018 & 2025
6.3 Market size forecasts & trend analysis by region, 2014 - 2025 (USD Million)
6.4 North America
6.4.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.4.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.4.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.4.4 U.S.
6.4.4.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.4.4.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.4.4.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.4.5 Canada
6.4.5.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.4.5.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.4.5.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.4.6 Mexico
6.4.6.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.4.6.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.4.6.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.5 Europe
6.5.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.5.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.5.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.5.4 Germany
6.5.4.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.5.4.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.5.4.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.5.5 France
6.5.5.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.5.5.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.5.5.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.5.6 U.K.
6.5.6.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.5.6.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.5.6.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.5.7 Russia
6.5.7.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.5.7.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.5.7.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.6 Asia Pacific
6.6.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.6.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.6.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.6.4 China
6.6.4.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.6.4.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.6.4.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.6.5 Japan
6.6.5.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.6.5.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.6.5.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.6.6 India
6.6.6.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.6.6.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.6.6.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.6.7 Indonesia
6.6.7.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.6.7.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.6.7.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.7 Central & South America
6.7.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.7.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.7.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.7.4 Brazil
6.7.4.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.7.4.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.7.4.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.8 Middle East & Africa
6.8.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.8.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.8.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
6.8.4 Saudi Arabia
6.8.4.1 Market estimates & forecast, 2014 - 2025 (USD Million)
6.8.4.2 Market estimates & forecast by product, 2014 - 2025 (USD Million)
6.8.4.3 Market estimates & forecast by application, 2014 - 2025 (USD Million)
Chapter 7 Competitive Landscape
7.1 Vendor landscape
7.2 Competitive environment
7.3 Company market positioning
7.3.1 Four quadrant positioning
7.4 Strategy framework
Chapter 8 Company Profiles
8.1 Danfoss
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Industries & services catered
8.1.4 Product benchmarking
8.1.5 Strategic initiatives
8.2 United Technologies Corporation
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Industries & services catered
8.2.4 Product benchmarking
8.2.5 Strategic initiatives
8.3 Ingersoll-Rand Plc
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Industries & services catered
8.3.4 Product benchmarking
8.4 Lennox International, Inc.
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Industries & services catered
8.4.4 Product benchmarking
8.4.5 Strategic Initiatives
8.5 Daikin Industries, Ltd.
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Industries & services catered
8.5.4 Product benchmarking
8.5.5 Strategic initiatives
8.6 Johnson Controls, Inc.
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Industries & services catered
8.6.4 Product benchmarking
8.6.5 Strategic initiatives
8.7 Robert Bosch GmbH
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Industries & services catered
8.7.4 Product benchmarking
8.7.5 Strategic initiatives
8.8 Honeywell International, Inc.
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Industries & services catered
8.8.4 Product benchmarking
8.8.5 Strategic Initiatives
8.9 Uponor Corporation
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Industries & services catered
8.9.4 Product benchmarking
8.10 Emerson Electric
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Industries & services catered
8.10.4 Product benchmarking

Companies Mentioned

  • Danfoss
  • United Technologies Corporation
  • Ingersoll-Rand Plc
  • Lennox International, Inc.
  • Daikin Industries, Ltd.
  • Johnson Controls, Inc.
  • Robert Bosch GmbH
  • Honeywell International, Inc.
  • Uponor Corporation
  • Emerson Electric

Methodology

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