Heating Equipment Market in the US by Product, Energy Source, Market and Region

  • ID: 4532953
  • Report
  • Region: United States
  • 124 Pages
  • The Freedonia Group
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Heating Equipment Market in the US by Product, Energy Source, Market and Region

US demand for heating equipment is projected to advance 4.5% per year through 2021. Replacement of aging equipment that has reached the end of its operational life will remain the key driver of demand gains. In addition, the use of more efficient and typically higher value heating equipment will support sales increases in value terms. However, the pace of growth will slow through 2021 as much of the pent up demand that built up during the Great Recession was alleviated between 2011 and 2016.

This report covers heating equipment demand by product, energy source, market and region. Data are given in dollar value and units.

Heating equipment products covered in the study include:

Warm air furnaces

Boilers

Room and zone heating equipment

Energy Sources covered include:

Natural gas

Electricity

Heating oil and other energy sources (which include active solar, coal, corn, and wood and wood pellet)

The markets for heating equipment are:

Commercial, including both new buildings and existing buildings

Residential, including both new buildings and existing buildings

Demand is also broken out by US Census region:

Midwest

South

Northeast

West

Scope of the Report

This report shows the scope, size, and growth of the US heating equipment market, including key trends by product type and market. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year-by-year historical market volatility also addressed. Also included is an analysis of the key industry players and their market share.
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1. EXECUTIVE SUMMARY
2. OVERVIEW
Key Findings
Factors Influencing Heating Equipment Demand
Climate Zones
Energy Profile
Energy Efficiency
Impact of Tax Credits on Heating Equipment Demand
Pricing Trends
Market Volatility
Foreign Trade
Imports
Exports
3. PRODUCTS
Key Findings
Heating Equipment Historical Trends
Heating Equipment Forecasts
Heating Equipment Demand by Energy Source
Heating Equipment Demand by Product
Warm Air Furnace
Supply & Demand
Energy Source
Natural Gas
Electricity
Heating Oil & Other Energy Sources
Boilers
Supply & Demand
Demand by Type
Cast Iron
Steel
Room & Zone Heating Equipment
Supply & Demand
Demand Forecasts
4. MARKETS
Key Findings
Heating Equipment Demand by Market
Commercial
Demand by Building Type
Demand by Product Type

Residential
Existing Buildings
New Buildings
Demand by Building Type
Demand by Product Type
5. REGIONS
Key Findings
Climatic Factors Influencing Heating Equipment Demand
Heating Equipment Demand by Region
Northeast
Demand Forecasts
Demand by Product
Midwest
Demand Forecasts
Demand by Product
South
Demand Forecasts
Demand by Product
West
Demand Forecasts
Demand by Product
6. INDUSTRY STRUCTURE
Key Findings
Industry Composition
Market Share
Competitive Strategies
Product Development & Manufacturing
Marketing
Distribution
Cooperative Agreements
Mergers, Acquisitions, & Industry Restructuring
List of Industry Participants
7. APPENDIX
Scope
Methodology
Sources
Associations & Agencies
Related Freedonia Group Studies
Definitions
Abbreviations
Climate Zones
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Consumer Trends
Building Construction
Residential
New Housing
Housing Stock
Improvements & Repairs
Nonresidential
LIST OF TABLES
2. OVERVIEW
Table 2-1 - Average Retail Energy Costs in the US by Source, 2006-2021 ($/mil Btu)
Table 2-2 - Heating Equipment Pricing Trends, 2006-2021 (dollars/unit)
Table 2-3 - Foreign Trade in Heating Equipment, 2006-2021 (million dollars)
Table 2-4 - Heating Equipment Imports by Source, 2006-2016 (million dollars)
Table 2-5 - Heating Equipment Exports by Destination, 2006-2016 (million dollars)
3. PRODUCTS
Table 3-1 - Heating Equipment Supply & Demand, 2006-2021 (million dollars)
Table 3-2 - Heating Equipment Demand by Energy Source, 2006-2021 (million
dollars)
Table 3-3 - Heating Equipment Demand by Value & Volume, 2006-2021
Table 3-4 - Warm Air Furnace Supply & Demand, 2006-2021 (million dollars)
Table 3-5 - Warm Air Furnace Demand by Energy Source, 2006-2021 (million dollars)
Table 3-6 - Natural Gas Warm Air Furnace Demand by Value & Volume, 2006-2021
Table 3-7 - Electric Warm Air Furnace Demand by Value & Volume, 2006-2021
Table 3-8 - Heating Oil & Other Energy Source Warm Air Furnace Demand by Value &
Volume, 2006-2021
Table 3-9 - Boiler Supply & Demand, 2006-2021 (million dollars)
Table 3-10 - Boiler Demand by Type, 2006-2021 (million dollars)
Table 3-11 - Cast Iron Boiler Demand by Value & Volume, 2006-2021
Table 3-12 - Steel Boiler Demand by Value & Volume, 2006-2021
Table 3-13 - Room & Zone Heating Equipment Supply & Demand, 2006-2021 (million
dollars)
Table 3-14 - Room & Zone Heating Equipment Demand by Value & Volume, 2006-
2021
4. MARKETS
Table 4-1 - Heating Equipment Demand by Market & Segment, 2006-2021 (million
dollars)
Table 4-2 - Commercial Heating Equipment Demand by Segment, 2006-2021 (million
dollars)
Table 4-3 - Commercial Heating Equipment Demand by Building Type, 2006-2021
(million dollars)
Table 4-4 - Commercial Heating Equipment Demand by Product, 2006-2021 (million
dollars)
Table 4-5 - Residential Heating Equipment Demand by Segment, 2006-2021 (million
dollars)
Table 4-6 - Residential Heating Equipment Demand by Building Type, 2006-2021
(million dollars)
Table 4-7 - Residential Heating Equipment Demand by Product, 2006-2021 (million
dollars)
5. REGIONS
Table 5-1 - Heating Equipment Demand by Region, 2006-2021 (million dollars)
Table 5-2 - Northeast: Heating Equipment Demand by Market, 2006-2021 (million
dollars)
Table 5-3 - Northeast: Heating Equipment Demand by Product, 2006-2021 (million
dollars)
Table 5-4 - Midwest: Heating Equipment Demand by Market, 2006-2021 (million
dollars)
Table 5-5 - Midwest: Heating Equipment Demand by Product, 2006-2021 (million
dollars)
Table 5-6 - South: Heating Equipment Demand by Market, 2006-2021 (million
dollars)
Table 5-7 - South: Heating Equipment Demand by Product, 2006-2021 (million
dollars)
Table 5-8 - West: Heating Equipment Demand by Market, 2006-2021 (million
dollars)
Table 5-9 - West: Heating Equipment Demand by Product, 2006-2021 (million
dollars)
6. INDUSTRY STRUCTURE
Table 6-1 - Heating Equipment Sales by Company, 2016 (million dollars)
Table 6-2 - Selected High Efficiency Heating Equipment by Company
Table 6-3 - R&D Spending for Selected Heating Equipment Companies, 2016 (million
dollars)
Table 6-4 - Selected Cooperative Agreements
Table 6-5 - Selected Acquisitions & Divestitures
7. APPENDIX
Table 7-1 - Study Scope: Heating Equipment Markets
Table 7-2 - Study Scope: US Regions
Table 7-3 - Relevant NAICS Codes (2012)
Table 7-4 - Abbreviations & Acronyms Used in Study
Table 7-5 - Macroeconomic Indicators, 2006 - 2021 (billion 2009 dollars)
Table 7-6 - Population & Households, 2006 - 2021 (million persons)
Table 7-7 - Personal Consumption Expenditures, 2006 - 2021 (billion dollars)
Table 7-8 - Building Construction Expenditures, 2006 - 2021 (billion dollars)
Table 7-9 - Residential Building Construction Expenditures, 2006 - 2021 (billion
dollars)
Table 7-10 - New Housing Indicators, 2006 - 2021 (thousand units)
Table 7-11 - Housing Stock by Type, 2006 - 2021 (million units)
Table 7-12 - Residential Improvement & Repair Expenditures, 2006 - 2021 (billion
dollars)
Table 7-13 - Nonresidential Building Construction Expenditures, 2006 - 2021 (billion
dollars)
LIST OF FIGURES
1. EXECUTIVE SUMMARY
Figure 1-1 - Key Trends in the US Market for Heating Equipment
2. OVERVIEW
Figure 2-1 - Key Trends in the Heating Equipment Market
Figure 2-2 - Heating Equipment Pricing Trends, 2006-2021 (annual percent change)
Figure 2-3 - Heating Equipment Demand, 2006-2016 (million dollars)
Figure 2-4 - US Foreign Trade in Heating Equipment, 2006-2016 (million dollars)
Figure 2-5 - Heating Equipment Imports by Source, 2006-2016 (million dollars)
Figure 2-6 - US Heating Equipment Exports by Destination, 2006-2016 (million
dollars)
3. PRODUCTS
Figure 3-1 - Key Trends in Heating Equipment Products
Figure 3-2 - Heating Equipment Demand, 2006-2021 (million dollars)
Figure 3-3 - Heating Equipment Demand by Energy Source, 2016 (million dollars)
Figure 3-4 - Heating Equipment Demand by Value & Volume, 2016 (percent of total)
Figure 3-5 - Warm Air Furnace Demand, 2006-2016 (percent annual change)
Figure 3-6 - Warm Air Furnace Demand by Energy Source, 2016 (million dollars)
Figure 3-7 - Boiler Demand, 2006-2016 (percent annual change)
Figure 3-8 - Boiler Demand by Product Type, 2016 (million dollars)
Figure 3-9 - Selected Commercial & Residential Building Applications for Room &
Zone Heating Equipment
4. MARKETS
Figure 4-1 - Key Trends in Heating Equipment Markets
Figure 4-2 - Heating Equipment Demand by Market, 2006-2021 (percent of value
demand)
Figure 4-3 - Commercial Heating Equipment Demand, 2006-2016 (million dollars)
Figure 4-4 - Commercial Heating Equipment Demand by Building Type, 2016 (billion
dollars)
Figure 4-5 - Commercial Heating Equipment Demand by Product, 2016 (billion
dollars)
Figure 4-6 - Heating Equipment Demand in Existing Residential Buildings by Value,
2006-2016
Figure 4-7 - New Residential Building Heating Equipment Demand by Value, 2006-
2016
Figure 4-8 - Residential Heating Equipment Demand by Building Type, 2016 (billion
dollars)
Figure 4-9 - Residential Heating Equipment Demand by Product, 2016 (billion dollars)
5. REGIONS
Figure 5-1 - Key Trends in Heating Equipment Demand by Region
Figure 5-2 - US Heating Equipment Demand Relative to Construction Spending by
Region, 2016
Figure 5-3 - Heating Equipment Demand by Region, 2016 (billion dollars)
Figure 5-4 - Northeast: Heating Equipment Demand by Product, 2016 (million
dollars)
Figure 5-5 - Midwest: Heating Equipment Demand by Product, 2016 (billion dollars)
Figure 5-6 - South: Heating Equipment Demand by Product, 2016 (million dollars)
Figure 5-7 - West: Heating Equipment Demand by Product, 2016 (million dollars)
6. INDUSTRY STRUCTURE
Figure 6-1 - US Heating Equipment Market Share, 2016 (billion dollars)
Figure 6-2 - Heating Equipment: Overall Leading Supplier
Figure 6-3 - Heating Equipment: Second Leading Supplier
Figure 6-4 - Heating Equipment: Third Leading Supplier
Figure 6-5 - Heating Equipment: Fourth Leading Supplier
7. APPENDIX
Figure 7-1 - Continental US Climate Zones
Figure 7-2 - Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005
Average (percent)
Figure 7-3 - Annual Population Growth, 2001 - 2016 (percent)
Figure 7-4 - Housing Stock by Year of Construction, 2016 (percent)
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