市場調査レポート
商品コード
1445390

暖房機器市場:用途・製品タイプ・燃料タイプ・国別の分析・予測 (2023-2033年)

Global Heating Equipment Market: Focus on Application, Product Type, Fuel Type, and Country-Level Analysis - Analysis and Forecast, 2023-2033

出版日: | 発行: BIS Research | ページ情報: 英文 153 Pages | 納期: 1~5営業日

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価格
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本日の銀行送金レート: 1USD=156.76円
暖房機器市場:用途・製品タイプ・燃料タイプ・国別の分析・予測 (2023-2033年)
出版日: 2024年03月07日
発行: BIS Research
ページ情報: 英文 153 Pages
納期: 1~5営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の暖房機器の市場規模は、2023年の1,109億3,910万米ドルから、予測期間中は6.41%のCAGRで推移し、2033年には2,065億500万米ドルに成長すると予測されています。

世界の暖房機器市場は著しい成長を遂げており、中でもアジア太平洋地域は暖房機器技術の導入と進歩において主導的な地位を占めています。持続可能性への世界のシフトが、世界の暖房機器市場の主要な促進要因であり、暖房機器ソリューションの革新と投資の両方を促進しています。これには、炉やボイラーなどの伝統的な暖房システムの改善や、ヒートポンプや太陽熱暖房などの代替オプションの出現が含まれます。エネルギー効率と環境の持続可能性が重視されるようになったことで、高効率暖房機器の採用に有利な規制やインセンティブが実施されるようになっています。このため、特にエネルギー基準が厳しい地域では、より新しく効率の高い暖房システムへの需要が刺激されています。

主要市場統計
予測期間 2023-2033年
2023年評価 1,109億3,000万米ドル
2033年予測 約 2,065億米ドル
CAGR 6.41%

世界各国の政府は、再生可能な暖房機器ソリューションを促進するための政策やインセンティブを実施しています。2023年12月、米国ブリティッシュコロンビア州は、2030年までのCleanBCロードマップに示された、HEES (Highest Efficiency Equipment Standards) の制定を目指す政策の策定に着手しました。2030年に施行されるこれらの基準は、ブリティッシュコロンビア州全域の住宅、中小規模の商業施設、施設において、高効率で低炭素な機器を広く採用するための促進剤となります。

市場の分類:

セグメンテーション1:用途別

  • 住宅用
  • 商業用
  • 産業用

世界の暖房機器市場を独占する住宅用途

世界的にエネルギー効率に関する規制がますます厳しくなっているため、住宅所有者は効率の悪い古い暖房器具をより効率の良い新しいモデルに買い換えるようになっています。この動向は、政府がエネルギー効率の高い機器のアップグレードに対して奨励金やリベートを提供している地域で特に顕著です。

消費者は、家庭用の暖房機器を選ぶ際に、快適性、利便性、環境の持続可能性を優先するようになっています。このような嗜好の変化により、遠隔操作や他のホームオートメーションシステムとの統合が可能な、スマートでコネクテッドな暖房機器ソリューションへの需要が高まっています。

また、既存の住宅に最新の暖房機器を導入する改築や改修も市場の成長を後押ししています。

セグメンテーション2:製品タイプ別

  • ヒートポンプ
  • ボイラー
  • その他

世界の暖房機器市場を独占するヒートポンプ製品

ヒートポンプは、炉やボイラーといった従来の暖房システムと比べてエネルギー効率が高いことで知られています。ヒートポンプは、空気、地面、水源から熱を取り出すことができるため、住宅や建物を暖めるための、より持続可能な選択肢となります。

気候変動に対する意識が高まり、二酸化炭素排出量を削減する必要性が高まる中、環境に優しい暖房機器ソリューションへの需要が高まっています。ヒートポンプは、化石燃料を使用する暖房システムと比べて温室効果ガスの排出量が少なく、環境意識の高い消費者や政策立案者にとって魅力的な選択肢となっています。

ヒートポンプ技術の進歩により、効率、性能、信頼性が向上しています。最新のヒートポンプは寒冷地でも効果的に作動するため、より幅広い用途に適しています。

セグメンテーション3:燃料タイプ別

  • 天然ガス
  • 石油
  • 電気
  • その他

世界の暖房機器市場を独占する天然ガス燃料

天然ガスは、石油・電気など他の燃料タイプに比べて費用対効果が高いことが多く、特に天然ガスが豊富で比較的安価な地域では、暖房機器の魅力的な選択肢となっています。

多くの地域では、天然ガス配給のためのインフラがすでに整備されており、消費者が暖房目的で天然ガスを利用することがより簡単で便利になっています。このように確立されたインフラが、天然ガス暖房機器の採用を後押ししています。

セグメンテーション4:地域別

  • 北米:米国、カナダ、メキシコ
  • 欧州:ドイツ、フランス、英国、イタリア、その他
  • アジア太平洋:日本、中国、インド、韓国、その他
  • その他の地域:南米、中東・アフリカ

アジア太平洋地域の暖房機器市場は、都市化、経済発展、エネルギー効率に対する政府の支援、技術の進歩に後押しされ、今後も安定した成長が見込まれています。

同地域では急速な都市化と工業化が進んでおり、住宅、商業、工業の各分野で暖房機器の需要が増加しています。より多くの人々が都市部に移り住み、産業が拡大するにつれて、ビルや工場、その他のインフラの暖房システムへのニーズが大幅に高まっています。

中国、インド、日本、韓国、東南アジア諸国などの経済成長により、可処分所得水準が上昇し、建設活動が活発化しています。このため、オフィス、ホテル、モール、集合住宅など、住宅と商業の両分野で暖房機器の需要が高まっています。

当レポートでは、世界の暖房機器の市場を調査し、市場概要、市場影響因子の分析、市場規模の推移・予測、各種区分・地域別の詳細分析、競合情勢、主要企業の分析などをまとめています。

目次

エグゼクティブサマリー

第1章 市場

  • 動向:現在および将来の影響評価
    • 動向:概要
    • IoT対応暖房機器市場への注目が高まる
    • エネルギー効率に重点を置く
  • サプライチェーンの概要
  • R&Dレビュー
    • 特許出願動向(国別、年別)
  • 規制状況
  • 市場力学:概要
    • 市場促進要因
    • 市場抑制要因
    • 市場機会

第2章 用途

  • 用途の分類
  • 用途の概要
  • 世界の暖房機器市場(用途別)
    • 用途

第3章 製品

  • 製品の分類
  • 製品概要
  • 世界の暖房機器市場(製品タイプ別)
    • 製品タイプ
  • 世界の暖房機器市場(燃料タイプ別)
    • 燃料タイプ

第4章 地域

  • 地域概要
  • 促進要因・抑制要因
  • 北米
  • 欧州
  • アジア太平洋
  • その他の地域

第5章 市場:競合ベンチマーキングと企業プロファイル

  • 次のフロンティア
  • 地理的評価
    • DAIKIN INDUSTRIES, Ltd.
    • Johnson Controls
    • LG Electronics
    • Robert Bosch GmbH
    • SAMSUNG ELECTRONICS CO., LTD.
    • Hitachi, Ltd.
    • FUJITSU GENERAL
    • Carrier
    • Midea Group
    • Lennox International Inc.
    • Ingersoll Rand
    • Emerson Electric Co.
    • Mitsubishi Electric Corporation
    • Vaillant Group International GmbH
    • Rheem Manufacturing Company

第6章 調査手法

図表

List of Figures

  • Figure 1: Region with Largest Share of Market, 2022, 2026, and 2033
  • Figure 2: Global Heating Equipment Market (by Application), 2022, 2026, and 2033
  • Figure 3: Global Heating Equipment Market (by Product Type), 2022, 2026, and 2033
  • Figure 4: Global Heating Equipment Market (by Fuel Type), 2022, 2026, and 2033
  • Figure 5: Heating Equipment Market, Recent Developments
  • Figure 6: Supply Chain and Risks within the Supply Chain
  • Figure 7: Value Chain Analysis
  • Figure 8: Patent Analysis (by Country), January 2020-December 2023
  • Figure 9: Patent Analysis (by Year), January 2020-December 2023
  • Figure 10: Impact Analysis of Market Navigating Factors, 2023-2033
  • Figure 11: Building construction and energy efficiency investments in 2019/2020
  • Figure 12: Annual Energy Cost (US$)
  • Figure 13: Crude Oil Prices ($/Barrel)
  • Figure 14: U.S. Heating Equipment Market, $Million, 2022-2033
  • Figure 15: Canada Heating Equipment Market, $Million, 2022-2033
  • Figure 16: Mexico Heating Equipment Market, $Million, 2022-2033
  • Figure 17: France Heating Equipment Market, $Million, 2022-2033
  • Figure 18: Germany Heating Equipment Market, $Million, 2022-2033
  • Figure 19: U.K. Heating Equipment Market, $Million, 2022-2033
  • Figure 20: Italy Heating Equipment Market, $Million, 2022-2033
  • Figure 21: Rest-of-Europe Hydrogen Fuel Cell Market, $Million, 2022-2033
  • Figure 22: China Heating Equipment Market, $Million, 2022-2033
  • Figure 23: India Heating Equipment Market, $Million, 2022-2033
  • Figure 24: Japan Heating Equipment Market, $Million, 2022-2033
  • Figure 25: South Korea Heating Equipment Market, $Million, 2022-2033
  • Figure 26: Rest-of-Asia-Pacific Heating Equipment Market, $Million, 2022-2033
  • Figure 27: South America Heating Equipment Market, $Million, 2022-2033
  • Figure 28: Middle East and Africa Heating Equipment Market, $Million, 2022-2033
  • Figure 29: Strategic Initiatives, 2020-2023
  • Figure 30: Share of Strategic Initiatives
  • Figure 31: Data Triangulation
  • Figure 32: Top-Down and Bottom-Up Approach
  • Figure 33: Assumptions and Limitations

List of Tables

  • Table 1: Market Snapshot
  • Table 2: Heating Equipment Market, Opportunities
  • Table 3: Trends: Overview
  • Table 4: Global Heating Equipment Market (by Region), Thousand Units, 2022-2033
  • Table 5: Global Heating Equipment Market (by Region), $Million, 2022-2033
  • Table 6: North America Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 7: North America Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 8: North America Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 9: North America Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 10: North America Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 11: North America Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 12: U.S. Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 13: U.S. Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 14: U.S. Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 15: U.S. Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 16: U.S. Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 17: U.S. Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 18: Canada Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 19: Canada Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 20: Canada Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 21: Canada Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 22: Canada Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 23: Canada Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 24: Mexico Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 25: Mexico Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 26: Mexico Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 27: Mexico Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 28: Mexico Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 29: Mexico Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 30: Europe Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 31: Europe Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 32: Europe Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 33: Europe Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 34: Europe Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 35: Europe Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 36: France Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 37: France Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 38: France Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 39: France Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 40: France Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 41: France Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 42: Germany Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 43: Germany Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 44: Germany Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 45: Germany Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 46: Germany Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 47: Germany Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 48: U.K. Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 49: U.K. Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 50: U.K. Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 51: U.K. Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 52: U.K. Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 53: U.K. Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 54: Italy Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 55: Italy Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 56: Italy Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 57: Italy Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 58: Italy Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 59: Italy Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 60: Rest-of-Europe Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 61: Rest-of-Europe Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 62: Rest-of-Europe Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 63: Rest-of-Europe Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 64: Rest-of-Europe Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 65: Rest-of-Europe Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 66: Asia-Pacific Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 67: Asia-Pacific Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 68: Asia-Pacific Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 69: Asia-Pacific Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 70: Asia-Pacific Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 71: Asia-Pacific Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 72: China Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 73: China Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 74: China Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 75: China Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 76: China Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 77: China Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 78: India Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 79: India Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 80: India Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 81: India Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 82: India Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 83: India Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 84: Japan Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 85: Japan Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 86: Japan Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 87: Japan Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 88: Japan Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 89: Japan Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 90: South Korea Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 91: South Korea Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 92: South Korea Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 93: South Korea Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 94: South Korea Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 95: South Korea Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 96: Rest-of-Asia-Pacific Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 97: Rest-of-Asia-Pacific Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 98: Rest-of-Asia-Pacific Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 99: Rest-of-Asia-Pacific Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 100: Rest-of-Asia-Pacific Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 101: Rest-of-Asia-Pacific Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 102: Rest-of-the-World Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 103: Rest-of-the-World Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 104: Rest-of-the-World Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 105: Rest-of-the-World Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 106: Rest-of-the-World Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 107: Rest-of-the-World Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 108: South America Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 109: South America Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 110: South America Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 111: South America Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 112: South America Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 113: South America Heating Equipment Market (by Fuel Type), $Million, 2022-2033
  • Table 114: Middle East and Africa Heating Equipment Market (by Application), Thousand Units, 2022-2033
  • Table 115: Middle East and Africa Heating Equipment Market (by Application), $Million, 2022-2033
  • Table 116: Middle East and Africa Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
  • Table 117: Middle East and Africa Heating Equipment Market (by Product Type), $Million, 2022-2033
  • Table 118: Middle East and Africa Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
  • Table 119: Middle East and Africa Heating Equipment Market (by Fuel Type), $Million, 2022-2033
目次
Product Code: MS01921SA

The Global Heating Equipment Market Expected to Reach $206.50 Billion by 2033

Introduction to the Global Heating Equipment Market

The global heating equipment market has experienced remarkable growth, with Asia-Pacific taking the lead in adopting and advancing the heating equipment technology. The global shift toward sustainability is a key driver in the global heating equipment market, driving both innovation and investment in heating equipment solutions. This includes improvements in traditional heating systems such as furnaces and boilers, as well as the emergence of alternative options such as heat pumps and solar heating. Increasing emphasis on energy efficiency and environmental sustainability has led to the implementation of regulations and incentives favoring the adoption of high-efficiency heating equipment. This has stimulated demand for newer, more efficient heating systems, particularly in regions with stringent energy standards.

KEY MARKET STATISTICS
Forecast Period2023 - 2033
2023 Evaluation$110.93 Billion
2033 Forecast$206.50 Billion
CAGR6.41%

Governments worldwide are implementing policies and incentives to promote renewable heating equipment solutions. In December 2023, the Province of British Columbia (B.C.), U.S., embarked on the development of a policy aimed at enacting the Highest Efficiency Equipment Standards (HEES) for space and water heating commitment as delineated in the CleanBC Roadmap to 2030. Upon their implementation in 2030, these standards will serve as catalysts for the widespread adoption of high-efficiency, low-carbon equipment within residential, small-to-medium commercial, and institutional buildings across British Columbia.

The global heating equipment market is projected to reach $206,505.0 million by 2033 from $110,939.1 million in 2023, growing at a CAGR of 6.41% during the forecast period 2023-2033.

Industrial Impact

Carrier, Johnson Controls, DAIKIN INDUSTRIES, Ltd., Hitachi, Ltd., and LG Electronics are some of the leading players globally in the heating equipment market. Vornado Air, LLC, Dyson, and FUJITSU GENERAL are some of the emerging companies that have remained in the limelight for the last few years in the heating equipment market.

Some of the strategies adopted by heating equipment manufacturers are new product launches, business expansions, mergers and acquisitions, partnerships, and collaborations.

Mergers and acquisitions, partnerships, and collaborations have been the most preferred strategies in the market. The electrification of heating equipment systems is expected to gain momentum, especially in regions where electricity generation is becoming cleaner due to the growing share of renewable energy sources. Electric heat pumps could see significant growth as efficiency improves and costs decrease. There's likely to be a continued shift toward renewable energy sources for heating, driven by concerns about climate change and the desire to reduce carbon emissions.

Market Segmentation:

Segmentation 1: by Application

  • Residential
  • Commercial
  • Industrial

Residential Application to Dominate the Global Heating Equipment Market (by Application)

Increasingly stringent energy efficiency regulations worldwide have driven homeowners to replace older, less efficient heating equipment with newer, more efficient models. This trend is particularly evident in regions where governments offer incentives or rebates for upgrading energy-efficient appliances.

Consumers are increasingly prioritizing comfort, convenience, and environmental sustainability when choosing heating equipment for their homes. This shift in preferences has led to greater demand for smart, connected heating equipment solutions that can be controlled remotely and integrated with other home automation systems.

The renovation and retrofitting of existing residential buildings with modern heating equipment have also fueled market growth.

Segmentation 2: by Product Type

  • Heat Pumps
  • Furnaces
  • Boilers
  • Others

Heat Pumps to Dominate the Global Heating Equipment Market (by Product Type)

Heat pumps are known for their high energy efficiency compared to traditional heating systems such as furnaces or boilers. They can extract heat from the air, ground, or water sources, making them a more sustainable option for heating homes and buildings.

With increasing awareness of climate change and the need to reduce carbon emissions, there's a growing demand for eco-friendly heating equipment solutions. Heat pumps produce fewer greenhouse gas emissions compared to fossil fuel-based heating systems, making them an attractive choice for environmentally conscious consumers and policymakers.

Advances in heat pump technology have led to improvements in efficiency, performance, and reliability. Modern heat pumps can operate effectively even in colder climates, making them suitable for a broader range of applications.

Segmentation 3: by Fuel Type

  • Natural Gas
  • Oil
  • Electricity
  • Others

Natural Gas to Dominate the Global Heating Equipment Market (by Fuel Type)

Natural gas is often more cost-effective compared to other fuel types, such as oil or electricity, making it an attractive option for heating equipment, especially in regions where natural gas is abundant and relatively cheap.

In many regions, there is already an existing infrastructure for natural gas distribution, making it easier and more convenient for consumers to access natural gas for heating purposes. This established infrastructure encourages the adoption of natural gas heating equipment.

Segmentation 4: by Region

  • North America - U.S., Canada, Mexico
  • Europe - Germany, France, U.K., Italy, and Rest-of-Europe
  • Asia-Pacific - Japan, China, India, South Korea, and Rest-of-Asia-Pacific
  • Rest-of-the-World - South America and Middle East and Africa

The heating equipment market in the Asia-Pacific region is expected to continue growing steadily, fueled by urbanization, economic development, government support for energy efficiency, and technological advancements.

The Asia-Pacific region has been undergoing rapid urbanization and industrialization, leading to increased demand for heating equipment in residential, commercial, and industrial sectors. As more people move to urban areas and industries expand, the need for heating systems for buildings, factories, and other infrastructure has grown substantially.

Economic growth in countries such as China, India, Japan, South Korea, and Southeast Asian nations has resulted in rising disposable income levels and increased construction activities. This has fueled demand for heating equipment in both residential and commercial sectors, including offices, hotels, malls, and residential complexes.

Manufacturers are increasingly focusing on innovating heating equipment to meet the region's diverse needs, including high-performance systems tailored to specific climatic conditions.

Recent Developments in the Global Heating Equipment Market

  • In July 2023, Budapest, Hungary, hosted the Midea Building Technologies New Product Launch. The next-generation M thermal R290 Nature Series Heat Pump was unveiled by Midea Building Technologies, showcasing the company's ongoing dedication to innovation and sustainable development.
  • In June 2023, the Vaillant Group, a heating equipment technology supplier based in Remscheid, revealed that the company saw significant growth in its heat pump business in 2022, with sales rising by more than 75%. As a consequence, the company has expanded considerably faster than the European market as a whole, thus strengthening its position in the industry. Currently, one of the top three providers of heat pumps in Europe is the Vaillant Group. The Vaillant Group achieved market shares in China and Europe while increasing its sales of gas-fired boilers by 6% in a market that was typically falling.
  • In December 2021, Mitsubishi Electric Corporation introduced Ecodan Hydrodan, a newly developed, effective water-to-water heat pump. The packed plug & play solution is made especially to meet residential apartment needs for heating equipment and hot water while maximizing the considerable sustainable energy savings that the upcoming generation of heat networks offers. Additionally, it uses a small amount of low-GWP R32 refrigerant in order to minimize its negative effects on the environment.
  • In June 2023, the Triton Super and Light Duty water heaters were introduced by Rheem Manufacturing Company. The commercial units can identify and stop water heater issues before they arise, eliminating downtime with up to 98% thermal efficiency. Triton Light Duty, designed with small business owners in mind, provides a more intelligent and durable option than regular units. However, organizations that require maximum hot water supply capacity can benefit from Triton Super Duty's increased capacity. Light Duty and Triton Super complement the current Rheem Manufacturing Company's Triton lineup, which consists of heavy-duty models. The long-term demand currently surpasses production capabilities, positioning them as leaders in the sustainable heating equipment sector.

Demand - Drivers, Challenges, and Opportunities

Market Demand Drivers: Rapid Expansion of Global Construction Projects

The global construction industry is experiencing a substantial expansion, buoyed by economic growth, urbanization, and increased infrastructure investment. This broad-scale development serves as a significant catalyst for the heating equipment market, driving demand for state-of-the-art heating solutions across residential, commercial, and industrial sectors.

For instance, the residential construction boom, particularly in emerging economies, necessitates the deployment of efficient heating systems to meet the needs of new housing developments. Companies such as Robert Bosch GmbH and Lennox International Inc. are expanding their product ranges to include energy-efficient boilers and heat pumps that cater to this burgeoning market. These systems are designed to provide optimal thermal heat with minimal environmental impact, aligning with the global push toward sustainability.

Market Challenges: High Initial Capital Expenditure

High initial capital expenditure constitutes a significant restraint in the heating equipment market, posing a barrier to both adoption and technological advancement. This is particularly evident in the case of state-of-the-art systems, which, despite their long-term operational savings and environmental benefits, require substantial upfront investment.

For example, while geothermal heat pumps offer considerable energy savings over time, their initial installation is capital-intensive. The requirement for extensive underground piping and the drilling process can be cost-prohibitive for many homeowners and small businesses.

Large-scale heating systems, such as variable refrigerant flow (VRF) systems, which are highly efficient and offer superior control, are associated with hefty installation and material costs. This is sometimes exacerbated by the need for specialized labor and training for installation and maintenance.

Market Opportunities: Investment in Sustainable and Energy Efficient Heating Equipment Products

Investment in sustainable and energy-efficient heating products is creating substantial market opportunities within the heating equipment industry. The global push toward sustainability and the increasing focus on reducing carbon emissions are prompting both consumers and businesses to seek out greener, more energy-efficient heating equipment solutions.

This shift in demand is catalyzing innovation and opening new avenues for growth in the sector. One prime example of this trend is the rising investment in heat pump technology. Heat pumps offer a cleaner alternative to traditional heating systems by utilizing electricity to move heat from the air or ground into buildings.

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different applications of the heating equipment products available in the market, which is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of sustainable heating equipment solutions. Therefore, the heating equipment business is a high-investment and high-revenue generating model.

Growth/Marketing Strategy: The global heating equipment market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.

Competitive Strategy: The key players in the heating equipment market analyzed and profiled in the study include heating equipment manufacturers. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.

Research Methodology

Factors for Data Prediction and Modeling

  • The scope of this report has been focused on heating equipment only.
  • The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
  • The currency conversion rate has been taken from the historical exchange rate of the Oanda website.
  • Nearly all the recent developments from January 2021 to December 2023 have been considered in this research study.
  • The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
  • Where relevant information was unavailable, proxy indicators and extrapolation were employed.
  • Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
  • Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

Market Estimation and Forecast

This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global heating equipment market.

The process of market engineering involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.

Primary Research

The primary sources involve industry experts from the heating equipment market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

  • validation and triangulation of all the numbers and graphs
  • validation of reports segmentation and key qualitative findings
  • understanding the competitive landscape
  • validation of the numbers of various markets for market type
  • percentage split of individual markets for geographical analysis

Secondary Research

This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as GFI and Delft University of Technology.

Secondary research was done to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

  • segmentations and percentage shares
  • data for market value
  • key industry trends of the top players of the market
  • qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
  • quantitative data for mathematical and statistical calculations

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and heating equipment market penetration.

Some of the prominent names in thie global heating equipment market are:

  • Carrier
  • DAIKIN INDUSTRIES, Ltd.
  • Johnson Controls
  • Midea Group
  • Lennox International Inc.

Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

Table of Contents

Executive Summary

Scope and Definition

1 Markets

  • 1.1 Trends: Current and Future Impact Assessment
    • 1.1.1 Trends: Overview
    • 1.1.2 Rising Focus on IoT- Enabled Heating Equipment Market
    • 1.1.3 Focus on Energy Efficiency
  • 1.2 Supply Chain Overview
    • 1.2.1 Value Chain Analysis
    • 1.2.2 Market Map
  • 1.3 Research and Development Review
    • 1.3.1 Patent Filing Trend (by Country, by Year)
  • 1.4 Regulatory Landscape
  • 1.5 Market Dynamics: Overview
    • 1.5.1 Market Drivers
      • 1.5.1.1 Rapid Expansion of Global Construction Projects
      • 1.5.1.2 Environmental Consequences of the Greenhouse Effect
      • 1.5.1.3 Incorporation of Renewable Energy Sources
    • 1.5.2 Market Restraints
      • 1.5.2.1 High Initial Capital Expenditure
      • 1.5.2.2 Fluctuations in Energy Costs
    • 1.5.3 Market Opportunities
      • 1.5.3.1 Investment in Sustainable and Energy Efficient Heating Equipment Products
      • 1.5.3.2 Rise in Partnerships and Collaborations Globally

2 Application

  • 2.1 Application Segmentation
  • 2.2 Application Summary
  • 2.3 Global Heating Equipment Market (by Application)
    • 2.3.1 Applications
      • 2.3.1.1 Residential
      • 2.3.1.2 Commercial
      • 2.3.1.3 Industrial

3 Products

  • 3.1 Product Segmentation
  • 3.2 Product Summary
  • 3.3 Global Heating Equipment Market (by Product Type)
    • 3.3.1 Product Types
      • 3.3.1.1 Heat Pumps
      • 3.3.1.2 Furnaces
      • 3.3.1.3 Boilers
      • 3.3.1.4 Others
  • 3.4 Global Heating Equipment Market (by Fuel Type)
    • 3.4.1 Fuel Types
      • 3.4.1.1 Natural Gas
      • 3.4.1.2 Oil
      • 3.4.1.3 Electricity
      • 3.4.1.4 Others

4 Regions

  • 4.1 Regional Summary
  • 4.2 Drivers and Restraints
  • 4.3 North America
    • 4.3.1 Regional Overview
    • 4.3.2 Driving Factors for Market Growth
    • 4.3.3 Factors Challenging the Market
    • 4.3.4 Application
    • 4.3.5 Product
    • 4.3.6 North America (by Country)
      • 4.3.6.1 U.S.
      • 4.3.6.2 Canada
      • 4.3.6.3 Mexico
  • 4.4 Europe
    • 4.4.1 Regional Overview
    • 4.4.2 Driving Factors for Market Growth
    • 4.4.3 Factors Challenging the Market
    • 4.4.4 Application
    • 4.4.5 Product
    • 4.4.6 Europe (by Country)
      • 4.4.6.1 France
      • 4.4.6.2 Germany
      • 4.4.6.3 U.K.
      • 4.4.6.4 Italy
      • 4.4.6.5 Rest-of-Europe
  • 4.5 Asia-Pacific
    • 4.5.1 Regional Overview
    • 4.5.2 Driving Factors for Market Growth
    • 4.5.3 Factors Challenging the Market
    • 4.5.4 Application
    • 4.5.5 Product
    • 4.5.6 Asia-Pacific (by Country)
      • 4.5.6.1 China
      • 4.5.6.2 India
      • 4.5.6.3 Japan
      • 4.5.6.4 South Korea
      • 4.5.6.5 Rest-of-Asia-Pacific
  • 4.6 Rest-of-the-World
    • 4.6.1 Regional Overview
    • 4.6.2 Driving Factors for Market Growth
    • 4.6.3 Factors Challenging the Market
    • 4.6.4 Application
    • 4.6.5 Product
    • 4.6.6 Rest-of-the-World (by Region)
      • 4.6.6.1 South America
      • 4.6.6.2 Middle East and Africa

5 Markets - Competitive Benchmarking & Company Profiles

  • 5.1 Next Frontiers
  • 5.2 Geographic Assessment
    • 5.2.1 DAIKIN INDUSTRIES, Ltd.
      • 5.2.1.1 Overview
      • 5.2.1.2 Top Products/Product Portfolio
      • 5.2.1.3 Top Competitors
      • 5.2.1.4 Target Customers
      • 5.2.1.5 Key Personnel
      • 5.2.1.6 Analyst View
      • 5.2.1.7 Market Share, 2022
    • 5.2.2 Johnson Controls
      • 5.2.2.1 Overview
      • 5.2.2.2 Top Products/Product Portfolio
      • 5.2.2.3 Top Competitors
      • 5.2.2.4 Target Customers
      • 5.2.2.5 Key Personnel
      • 5.2.2.6 Analyst View
      • 5.2.2.7 Market Share, 2022
    • 5.2.3 LG Electronics
      • 5.2.3.1 Overview
      • 5.2.3.2 Top Products/Product Portfolio
      • 5.2.3.3 Top Competitors
      • 5.2.3.4 Target Customers
      • 5.2.3.5 Key Personnel
      • 5.2.3.6 Analyst View
    • 5.2.4 Robert Bosch GmbH
      • 5.2.4.1 Overview
      • 5.2.4.2 Top Products/Product Portfolio
      • 5.2.4.3 Top Competitors
      • 5.2.4.4 Target Customers
      • 5.2.4.5 Key Personnel
      • 5.2.4.6 Analyst View
    • 5.2.5 SAMSUNG ELECTRONICS CO., LTD.
      • 5.2.5.1 Overview
      • 5.2.5.2 Top Products/Product Portfolio
      • 5.2.5.3 Top Competitors
      • 5.2.5.4 Target Customers
      • 5.2.5.5 Key Personnel
      • 5.2.5.6 Analyst View
      • 5.2.5.7 Market Share, 2022
    • 5.2.6 Hitachi, Ltd.
      • 5.2.6.1 Overview
      • 5.2.6.2 Top Products/Product Portfolio
      • 5.2.6.3 Top Competitors
      • 5.2.6.4 Target Customers
      • 5.2.6.5 Key Personnel
      • 5.2.6.6 Analyst View
    • 5.2.7 FUJITSU GENERAL
      • 5.2.7.1 Overview
      • 5.2.7.2 Top Products/Product Portfolio
      • 5.2.7.3 Top Competitors
      • 5.2.7.4 Target Customers
      • 5.2.7.5 Key Personnel
      • 5.2.7.6 Analyst View
    • 5.2.8 Carrier
      • 5.2.8.1 Overview
      • 5.2.8.2 Top Products/Product Portfolio
      • 5.2.8.3 Top Competitors
      • 5.2.8.4 Target Customers
      • 5.2.8.5 Key Personnel
      • 5.2.8.6 Analyst View
      • 5.2.8.7 Market Share, 2022
    • 5.2.9 Midea Group
      • 5.2.9.1 Overview
      • 5.2.9.2 Top Products/Product Portfolio
      • 5.2.9.3 Top Competitors
      • 5.2.9.4 Target Customers
      • 5.2.9.5 Key Personnel
      • 5.2.9.6 Analyst View
    • 5.2.10 Lennox International Inc.
      • 5.2.10.1 Overview
      • 5.2.10.2 Top Products/Product Portfolio
      • 5.2.10.3 Top Competitors
      • 5.2.10.4 Target Customers
      • 5.2.10.5 Key Personnel
      • 5.2.10.6 Analyst View
    • 5.2.11 Ingersoll Rand
      • 5.2.11.1 Overview
      • 5.2.11.2 Top Products/Product Portfolio
      • 5.2.11.3 Top Competitors
      • 5.2.11.4 Target Customers
      • 5.2.11.5 Key Personnel
      • 5.2.11.6 Analyst View
    • 5.2.12 Emerson Electric Co.
      • 5.2.12.1 Overview
      • 5.2.12.2 Top Products/Product Portfolio
      • 5.2.12.3 Top Competitors
      • 5.2.12.4 Target Customers
      • 5.2.12.5 Key Personnel
      • 5.2.12.6 Analyst View
    • 5.2.13 Mitsubishi Electric Corporation
      • 5.2.13.1 Overview
      • 5.2.13.2 Top Products/Product Portfolio
      • 5.2.13.3 Top Competitors
      • 5.2.13.4 Target Customers
      • 5.2.13.5 Key Personnel
      • 5.2.13.6 Analyst View
    • 5.2.14 Vaillant Group International GmbH
      • 5.2.14.1 Overview
      • 5.2.14.2 Top Products/Product Portfolio
      • 5.2.14.3 Top Competitors
      • 5.2.14.4 Target Customers
      • 5.2.14.5 Key Personnel
      • 5.2.14.6 Analyst View
    • 5.2.15 Rheem Manufacturing Company
      • 5.2.15.1 Overview
      • 5.2.15.2 Top Products/Product Portfolio
      • 5.2.15.3 Top Competitors
      • 5.2.15.4 Target Customers
      • 5.2.15.5 Key Personnel
      • 5.2.15.6 Analyst View

6 Research Methodology

  • 6.1 Data Sources
    • 6.1.1 Primary Data Sources
    • 6.1.2 Secondary Data Sources
    • 6.1.3 Data Triangulation
  • 6.2 Market Estimation and Forecast