Global Heating Equipment Market to Reach $60.5 Billion by 2030
The global market for Heating Equipment estimated at US$39.9 Billion in the year 2022, is projected to reach a revised size of US$60.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Heat Pumps, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$23.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Furnaces segment is readjusted to a revised 5.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $10.8 Billion, While China is Forecast to Grow at 8.6% CAGR
The Heating Equipment market in the U.S. is estimated at US$10.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.4 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.Select Competitors (Total 42 Featured) -
- A.O. Smith Corporation
- A1 Gas Force Ltd
- ACTHERM
- Albicalor
- Arosa Energy
- Atrium Therm
- Centrometal
- Cetal S.A.S.
- Climaveneta
- Coolworld Rentals
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- A.O. Smith Corporation
- A1 Gas Force Ltd
- ACTHERM
- Albicalor
- Arosa Energy
- Atrium Therm
- Centrometal
- Cetal S.A.S.
- Climaveneta
- Coolworld Rentals
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 294 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 39.9 Billion |
Forecasted Market Value ( USD | $ 60.5 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |