暖房機器市場レポート：製品・用途・地域別、2024～2032年

世界の暖房機器市場規模は2023年に420億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに614億米ドルに達し、2024～2032年の間に4.2％の成長率（CAGR）を示すと予測しています。都市化の進展、急速な技術進歩、省エネルギー意識の高まり、厳しい政府規制、建設セクターの成長、スマートホーム技術の進歩、旧式システムの買い替え、可処分所得の増加などが市場成長を加速する要因となっています。

暖房機器市場分析

市場の成長と規模暖房機器市場の世界市場は、住宅、商業、産業の各セグメントにおける製品需要の増加に牽引され、大幅な成長を遂げています。市場の拡大は、多様な気候条件下での効率的な温度調節に対するニーズの高まりが大きな要因となっています。

主要市場促進要因：市場を形成する主要促進要因としては、極端な気象条件の増加、環境に優しい暖房ソリューションへの嗜好の高まり、エネルギー効率の高いシステムを促すエネルギー価格の上昇、不動産部門の拡大などが挙げられます。さらに、ヒートポンプ技術の進歩、古い建物の改修活動の増加、地熱暖房システムの人気の高まり、太陽熱暖房技術の開拓、室内空気の質への注目の高まり、暖房システムにおける人工知能（AI）と機械学習（ML）の統合が市場成長に影響を与えています。

技術の進歩：ヒートポンプや高度燃焼システムを含む高効率暖房技術の開発など、急速な技術開拓が市場全体の成長に寄与しています。さらに、遠隔監視と制御を提供するスマート暖房技術の人気が高まっており、ユーザーに利便性と運用効率の向上を提供しています。

産業用途：暖房機器市場は様々なセグメントに対応し、重要な温度調節を記載しています。住宅、商業、工業など、さまざまな産業で応用されています。さらに、製造や化学生産などの産業プロセスで広く採用されていることが、市場の成長をさらに後押ししています。

主要市場動向：市場の新たな動向としては、再生可能エネルギーベースのシステムへのシフト、従来技術と再生可能技術を組み合わせたハイブリッド暖房システムの台頭、床暖房の普及などが挙げられます。さらに、スマートでコネクテッドな暖房ソリューションへのシフト、ポータブル暖房機器市場の拡大、パーソナライズされた暖房ソリューションへの需要の高まり、予知保全のためのAI利用の急増が市場成長を後押ししています。

地理的動向：地域的には、暖房機器市場は欧州や北米のような寒冷な気候の地域が牽引しています。これらの地域が市場を独占しているのは、厳しい冬の状況に対処するための暖房ソリューションが広く必要とされているためです。さらに、これらの地域の高い生活水準と厳しい環境規制が、高度でエネルギー効率の高い暖房システムの採用を促進しています。アジア太平洋のような新興市場も、急速な都市化、産業の成長、エネルギー効率の高いソリューションに対する意識の高まりによって成長を遂げています。

競合情勢：競合情勢：競合情勢は、多数の地域メーカーや地元メーカーに加え、主要世界企業の存在によって特徴付けられています。この競争は、継続的な技術革新、製品の多様化、M&Aなどの戦略的提携によって促進されています。企業は、先進的でエネルギー効率が高く、環境に優しい暖房ソリューションを導入するため、研究開発に投資しています。市場はまた、顧客サービスやアフターセールス・サポートに重点を置くようになり、ブランド・ロイヤルティと市場での存在感を高めています。

課題と機会：市場は、初期導入コストの高さ、法規制遵守の複雑さ、継続的な技術アップグレードの必要性といった課題に直面しています。しかし、こうした課題は機会でもあります。特に発展途上地域では、費用対効果が高くエネルギー効率の高い暖房システムへの需要が高まっています。また、再生可能エネルギー源の統合や、スマートなIoT対応暖房ソリューションの開発にも機会があります。環境問題への関心が高まり続けるなか、市場は持続可能性の目標に沿った技術革新の態勢を整えており、大きな成長の可能性を提供しています。

暖房機器市場動向

都市化と工業化の進展

都市化と工業化は、世界の暖房機器市場の主要な促進要因です。都市が発展し産業が拡大するにつれ、効果的で信頼性の高い暖房ソリューションへのニーズが大幅に高まっています。高密度の居住空間や商業空間を持つ都市部では、快適性と安全性のために効率的な暖房システムが必要とされます。工業プロセスでは、製造や生産に熱を利用することが多いため、堅牢な暖房設備が必要となります。新興経済国では、都市部への人口移動が進んでおり、この需要がさらに高まっています。さらに、これらの地域における産業の成長には大規模な暖房ソリューションが必要であり、このセグメントは暖房機器メーカーにとって有利な市場となっています。

急速な技術進歩

再生可能エネルギー源の暖房システムへの統合は、市場成長を促進する重要な要因です。これに伴い、エネルギー効率、排出削減、暖房効果の革新が主要な促進要因となっています。メーカー各社は、エネルギー消費量の少ない暖房システムの開発に注力し、運用コストと環境への影響を低減しています。材料科学の進歩により、耐久性が高く、メンテナンスの手間が少ない暖房器具が開発されています。さらに、遠隔操作や自動化を可能にするスマート技術の暖房システムへの統合により、これらのシステムはより使いやすく効率的になっています。

省エネ意識の高まり

省エネルギーに対する意識の高まりが、暖房機器市場を推進する主要要因です。消費者や企業は、エネルギー使用量とそれが環境に与える影響について、より強く意識するようになっています。こうした意識が、エネルギー消費量を大幅に削減し光熱費を削減できる、エネルギー効率の高い暖房ソリューションへのシフトを促しています。世界各国の政府は、省エネルギーを促進する政策やインセンティブを実施しており、効率的な暖房システムの採用をさらに後押ししています。さらに、グリーンビルディングへの取り組みやサステイナブル建設手法の台頭により、こうした環境に優しい基準に沿った暖房機器への需要が高まっています。その結果、メーカーはこうした消費者の嗜好の変化や規制要件を満たす製品を革新的に提供する必要に迫られています。

政府の規制と取り組み

政府の規制とイニシアチブは、暖房機器市場に大きな影響を与えます。温室効果ガスの排出を削減し、気候変動と闘うことを目的とした政策は、メーカーに、よりエネルギー効率が高く、環境に優しい暖房器具を製造するよう促しています。各国政府は、暖房システムのエネルギー消費量と排出量についてより厳しい基準を設けており、企業は技術革新と遵守を余儀なくされています。さらに、グリーンな暖房技術の採用に対する税金の払い戻し、助成金、補助金などのインセンティブが市場の成長を促しています。こうした政府の動きは、環境の持続可能性を促進するだけでなく、暖房機器セグメントの技術進歩を促し、メーカーがこうした新しい基準や消費者の期待に応えるための研究開発に投資することを促しています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界の暖房機器市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：製品別

• ヒートポンプ
• 炉
• ボイラー
• ユニタリーヒーター
• その他

第7章 市場内訳：用途別

• 住宅用
• 商業用
• 産業用

第8章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第9章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第10章 バリューチェーン分析

第11章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第12章 価格分析

第13章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Daikin Industries Ltd.
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Johnson Controls
  • Lennox International Inc.
  • Mitsubishi Electric Corporation
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • The Danfoss Group

List of Figures

• Figure 1: Global: Heating Equipment Market: Major Drivers and Challenges
• Figure 2: Global: Heating Equipment Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Heating Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Heating Equipment Market: Breakup by Product (in %), 2023
• Figure 5: Global: Heating Equipment Market: Breakup by Application (in %), 2023
• Figure 6: Global: Heating Equipment Market: Breakup by Region (in %), 2023
• Figure 7: Global: Heating Equipment (Heat Pumps) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 8: Global: Heating Equipment (Heat Pumps) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 9: Global: Heating Equipment (Furnaces) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Heating Equipment (Furnaces) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Heating Equipment (Boilers) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Heating Equipment (Boilers) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Heating Equipment (Unitary Heaters) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Heating Equipment (Unitary Heaters) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Heating Equipment (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Heating Equipment (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Heating Equipment (Residential) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Heating Equipment (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Heating Equipment (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Heating Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Heating Equipment (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Heating Equipment (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: North America: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: North America: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: United States: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: United States: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: Canada: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: Canada: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: Asia-Pacific: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: Asia-Pacific: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: China: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: China: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Japan: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Japan: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: India: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: India: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: South Korea: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: South Korea: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: Australia: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: Australia: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: Indonesia: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: Indonesia: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: Others: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: Others: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: Europe: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: Europe: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: Germany: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: Germany: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: France: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: France: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: United Kingdom: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: United Kingdom: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: Italy: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: Italy: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: Spain: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: Spain: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: Russia: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: Russia: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: Others: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: Others: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: Latin America: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: Latin America: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: Brazil: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: Brazil: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: Mexico: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: Mexico: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: Others: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: Others: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Middle East and Africa: Heating Equipment Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Middle East and Africa: Heating Equipment Market: Breakup by Country (in %), 2023
• Figure 71: Middle East and Africa: Heating Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 72: Global: Heating Equipment Industry: SWOT Analysis
• Figure 73: Global: Heating Equipment Industry: Value Chain Analysis
• Figure 74: Global: Heating Equipment Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Heating Equipment Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Heating Equipment Market Forecast: Breakup by Product (in Million US$), 2024-2032
• Table 3: Global: Heating Equipment Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 4: Global: Heating Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 5: Global: Heating Equipment Market: Competitive Structure
• Table 6: Global: Heating Equipment Market: Key Players

The global heating equipment market size reached US$ 42.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 61.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032. The increasing urbanization, rapid technological advancements, escalating awareness of energy conservation, stringent government regulations, growth in the construction sector, advancements in smart home technologies, replacement of outdated systems, and rising disposable incomes are some of the factors accelerating the market growth.

Heating Equipment Market Analysis:

Market Growth and Size: The global heating equipment market is witnessing substantial growth, driven by increasing product demand across residential, commercial, and industrial sectors. The market's expansion is largely attributed to the growing need for efficient temperature regulation in diverse climatic conditions.

Major Market Drivers: The key drivers shaping the market include the rise in extreme weather conditions, growing preference for eco-friendly heating solutions, increasing energy prices prompting energy-efficient systems, and expansion of the real estate sector. Moreover, advancements in heat pump technology, the rise in retrofitting activities in old buildings, the growing popularity of geothermal heating systems, the development in solar heating technologies, the escalating focus on indoor air quality, and the integration of artificial intelligence (AI) and machine learning (ML) in heating systems are influencing the market growth.

Technological Advancements: Rapid technological advancements, such as the development of high efficiency heating technologies, including heat pumps and advanced combustion systems, are contributing to the overall market growth. Moreover, smart heating technologies, offering remote monitoring and control, are increasingly popular, providing users with enhanced convenience and operational efficiency.

Industry Applications: The heating equipment market caters across various sectors, providing crucial temperature regulation. It finds application across diverse industries, including residential, commercial, and industrial sectors. Furthermore, the widespread adoption in industrial processes, such as manufacturing and chemical production, is further supporting the market growth.

Key Market Trends: The emerging trends in the market include the shift towards renewable energy-based systems, the rise of hybrid heating systems combining traditional and renewable technologies, and the widespread adoption of underfloor heating. Additionally, shifting focus on smart and connected heating solutions, expanding market for portable heating devices, growing demand for personalized heating solutions, and surging use of AI for predictive maintenance are bolstering the market growth.

Geographical Trends: Geographically, the heating equipment market is led by regions with colder climates, like Europe and North America. These regions' market dominance is due to their extensive need for heating solutions to combat harsh winter conditions. Additionally, the high standard of living and stringent environmental regulations in these regions foster the adoption of advanced, energy-efficient heating systems. Emerging markets like Asia-Pacific are also experiencing growth, driven by rapid urbanization, industrial growth, and increasing awareness of energy-efficient solutions.

Competitive Landscape: The competitive landscape of the heating equipment market is characterized by the presence of key global players alongside numerous regional and local manufacturers. This competition is fueled by continuous innovation, product diversification, and strategic alliances like mergers and acquisitions. Companies are investing in research and development to introduce advanced, energy-efficient, and environmentally friendly heating solutions. The market is also witnessing an increased focus on customer service and after-sales support, enhancing brand loyalty and market presence.

Challenges and Opportunities: The market faces challenges such as high initial installation costs, regulatory compliance complexities, and the need for continuous technological upgrades. However, these challenges also present opportunities. There is a growing demand for cost-effective and energy-efficient heating systems, especially in developing regions. Opportunities also lie in the integration of renewable energy sources and the development of smart, IoT-enabled heating solutions. As environmental concerns continue to rise, the market is poised for innovations that align with sustainability goals, offering substantial growth potential.

Heating Equipment Market Trends:

Increasing urbanization and industrialization

Urbanization and industrialization are the primary drivers of the global heating equipment market. As cities grow and industries expand, the need for effective and reliable heating solutions increases significantly. Urban areas, with their high-density living and commercial spaces, require efficient heating systems for comfort and safety. Industrial processes often rely on heat for manufacturing and production, necessitating robust heating equipment. The ongoing migration of populations to urban centers in emerging economies fuels this demand further. Moreover, industrial growth in these regions requires large-scale heating solutions, making this sector a lucrative market for heating equipment manufacturers.

Rapid technological advancements

The integration of renewable energy sources into heating systems is a significant factor driving the market growth. In line with this, innovations in energy efficiency, emissions reduction, and heating effectiveness are key drivers. Manufacturers are focusing on developing heating systems that consume less energy, thereby reducing operational costs and environmental impact. Advancements in materials science have led to the creation of heating equipment that is more durable and requires less maintenance. Furthermore, the integration of smart technology in heating systems, allowing for remote control and automation, has made these systems more user-friendly and efficient.

Growing awareness of energy conservation

The increasing awareness of energy conservation is the primary factor driving the heating equipment market. Consumers and businesses are becoming more conscious of their energy usage and its impact on the environment. This awareness is prompting a shift towards energy-efficient heating solutions, which can significantly reduce energy consumption and lower utility bills. Governments around the world are implementing policies and incentives to promote energy conservation, further encouraging the adoption of efficient heating systems. Additionally, the rise of green building initiatives and sustainable construction practices is driving demand for heating equipment that aligns with these eco-friendly standards. As a result, manufacturers are compelled to innovate and offer products that meet these evolving consumer preferences and regulatory requirements.

Government regulations and initiatives

Government regulations and initiatives heavily influence the heating equipment market. Policies aimed at reducing greenhouse gas emissions and combating climate change are pushing manufacturers to produce more energy-efficient and eco-friendly heating solutions. Governments are enforcing stricter standards on energy consumption and emissions for heating systems, compelling companies to innovate and comply. Additionally, incentives such as tax rebates, grants, and subsidies for the adoption of green heating technologies are stimulating market growth. These governmental actions not only promote environmental sustainability but also drive technological advancements in the heating equipment sector, encouraging manufacturers to invest in research and development to meet these new standards and consumer expectations.

Heating Equipment Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product and application.

Breakup by Product:

Heat Pumps

Furnaces

Boilers

Unitary Heaters

Others

Heat pumps accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes heat pumps, furnaces, boilers, unitary heaters, and others. According to the report, heat pumps represented the largest segment.

The heat pumps segment is driven by the increasing emphasis on energy efficiency and environmental sustainability. Heat pumps are popular for their ability to provide both heating and cooling with lower energy consumption compared to traditional systems. The growing awareness about reducing carbon footprints and the rise in energy prices have also contributed to their popularity. Advances in heat pump technology, such as the integration of smart controls and improvements in cold climate performance, are further accelerating their adoption in both residential and commercial sectors.

The furnaces segment is driven by the increasing demand for reliable and efficient heating solutions in colder climates. Furnaces, known for their high-temperature capabilities, are essential in regions with harsh winters. Technological advancements in furnace design, such as modulating and variable-speed technologies, have significantly improved their efficiency and performance. Additionally, the shift towards eco-friendly and energy-saving models in response to stringent environmental regulations is propelling the growth of this segment.

The boilers segment is driven by the increasing need for high-efficiency heating solutions in both residential and industrial applications. Boilers are valued for their ability to provide consistent and reliable heat, making them a preferred choice in multi-unit dwellings and industrial settings. The development of condensing boiler technology, which offers higher efficiency by utilizing heat from exhaust gases, is a key factor in this segment's growth.

The unitary heaters segment is driven by the increasing demand for cost-effective and easy-to-install heating solutions. Unitary heaters, known for their compact size and standalone operation, are ideal for small spaces and targeted heating requirements. The advancements in unitary heater technology, including improved energy efficiency and the integration of smart controls, are making them an increasingly attractive option in both residential and commercial sectors.

The others segment in heating equipment, which includes diverse heating technologies, is driven by the increasing demand for specialized and niche heating solutions. The segment covers a range of products like radiant heaters, infrared heaters, and hybrid systems that cater to specific heating needs not addressed by conventional systems.

Breakup by Application:

Residential

Commercial

Industrial

Residential accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes residential, commercial, and industrial. According to the report, residential represented the largest segment.

The residential segment is driven by the increasing demand for comfortable living conditions, especially in regions with extreme weather conditions. Homeowners are seeking efficient, cost-effective, and environmentally friendly heating solutions, leading to a rise in the adoption of advanced heating systems like smart thermostats and energy-efficient boilers. The growth in residential construction activities, coupled with rising consumer awareness about energy conservation and a preference for sustainable living, further propels this segment. Additionally, government incentives for installing energy-efficient heating systems in homes contribute significantly to the market dynamics in this segment.

The commercial segment is driven by the increasing need for appropriate ambient conditions in various commercial spaces such as offices, retail outlets, hotels, and educational institutions. This demand is largely influenced by the growing understanding of the impact of comfortable temperatures on productivity and customer satisfaction. Furthermore, the integration of smart and automated heating systems, which offer enhanced control and energy management, is becoming increasingly popular in commercial settings, thus driving the market.

The industrial segment is driven by the increasing requirement for precise temperature control in various industrial processes. Industries such as manufacturing, chemicals, and food processing rely heavily on efficient heating systems for product quality and safety. Additionally, the need for reliable and robust heating systems that can withstand the harsh conditions of industrial environments is paramount. Technological innovations aimed at improving efficiency and reducing operational costs are also key factors driving this market segment.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Europe leads the market, accounting for the largest heating equipment market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

The Europe heating equipment market is driven by the increasing demand for energy-efficient solutions, stringent EU regulations on emissions and energy use, and the need for modernizing aging infrastructure. Europe's cold climate necessitates reliable heating, leading to the adoption of advanced technologies like heat pumps and IoT-enabled systems. The region's focus on sustainability and green building initiatives further boosts the market, encouraging the shift towards renewable energy-based heating systems. Additionally, the high standard of living in Europe supports the demand for innovative and comfortable heating solutions, making it a leading market for high-quality, environmentally friendly heating equipment.

The North America heating equipment market is driven by the increasing emphasis on energy-efficient and eco-friendly heating solutions, spurred by governmental policies and consumer awareness. The diverse climatic conditions across the region necessitate a variety of heating systems, from central heating in colder areas to portable and specific space heaters in milder zones. The region's advanced technological infrastructure promotes the adoption of smart and connected heating systems.

The Asia Pacific heating equipment market is driven by the increasing urbanization and industrialization in emerging economies, such as China and India. The region's expanding middle class and rising disposable incomes are leading to greater investments in modern heating solutions. Moreover, the increasing awareness of energy efficiency and the growing focus on reducing pollution are pushing the market towards environmentally friendly and energy-efficient heating systems.

The Latin America heating equipment market is driven by increasing urbanization and the growth of the construction sector, particularly in residential and commercial developments. The region's diverse climate, with cooler temperatures in the south, creates a need for efficient heating solutions. Additionally, the rising awareness of energy efficiency and the gradual shift towards renewable energy sources are influencing market trends.

The Middle East and Africa heating equipment market is driven by the increasing demand for air conditioning and cooling systems, due to the region's predominantly hot climate. The market is influenced by the region's ongoing infrastructure development, including new residential, commercial, and industrial projects. Additionally, the growing hospitality and tourism sector, particularly in the Middle East, demands high-quality heating solutions.

Leading Key Players in the Heating Equipment Industry:

Key players in the heating equipment market are actively engaging in a range of strategic activities to strengthen their market position and meet the evolving needs of the sector. They are heavily investing in research and development (R&D) to innovate and introduce more energy-efficient, environmentally friendly, and technologically advanced heating solutions. These companies are also focusing on expanding their product portfolio to cater to a diverse range of applications, from residential to industrial needs. Strategic partnerships, mergers, and acquisitions are common, allowing these players to leverage synergies, expand their global footprint, and enhance their market presence. Additionally, they are increasingly integrating smart technology and IoT capabilities into their products, offering consumers advanced features like remote monitoring and control. Emphasizing customer service and after-sales support, these companies are working to build long-term customer relationships. Sustainability and adherence to regulatory standards are also key focus areas, as these companies align their operations with global environmental goals and regulations.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Daikin Industries Ltd.

Emerson Electric Co.

Honeywell International Inc.

Johnson Controls

Lennox International Inc.

Mitsubishi Electric Corporation

Panasonic Corporation

Robert Bosch GmbH

Schneider Electric SE

Siemens AG

The Danfoss Group

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

In November 2021: Honeywell International Inc. launched the "T10 Pro Smart Thermostat," which offers advanced control features and seamless integration with smart home systems. This innovation caters to the growing demand for smart heating solutions.

In March 2021: Mitsubishi Electric Corporation unveiled its "Ecodan Hydrobox," a hydronic unit designed to work seamlessly with their Ecodan air-to-water heat pumps. This integration enhances the efficiency and flexibility of heating systems.

In November 2021: Siemens AG launched the "Siemens Thermal Energy Storage," a solution designed to store excess heat and provide efficient heating when needed, contributing to energy savings and sustainability goals.

Key Questions Answered in This Report

• 1. How big is the global heating equipment market?
• 2. What is the expected growth rate of the global heating equipment market during 2024-2032?
• 3. What are the key factors driving the global heating equipment market?
• 4. What has been the impact of COVID-19 on the global heating equipment market?
• 5. What is the breakup of the global heating equipment market based on the product?
• 6. What is the breakup of the global heating equipment market based on the application?
• 7. What are the key regions in the global heating equipment market?
• 8. Who are the key players/companies in the global heating equipment market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Heating Equipment Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product

• 6.1 Heat Pumps
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Furnaces
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Boilers
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Unitary Heaters
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast
• 6.5 Others
  • 6.5.1 Market Trends
  • 6.5.2 Market Forecast

7 Market Breakup by Application

• 7.1 Residential
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Commercial
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Industrial
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast

8 Market Breakup by Region

• 8.1 North America
  • 8.1.1 United States
    • 8.1.1.1 Market Trends
    • 8.1.1.2 Market Forecast
  • 8.1.2 Canada
    • 8.1.2.1 Market Trends
    • 8.1.2.2 Market Forecast
• 8.2 Asia-Pacific
  • 8.2.1 China
    • 8.2.1.1 Market Trends
    • 8.2.1.2 Market Forecast
  • 8.2.2 Japan
    • 8.2.2.1 Market Trends
    • 8.2.2.2 Market Forecast
  • 8.2.3 India
    • 8.2.3.1 Market Trends
    • 8.2.3.2 Market Forecast
  • 8.2.4 South Korea
    • 8.2.4.1 Market Trends
    • 8.2.4.2 Market Forecast
  • 8.2.5 Australia
    • 8.2.5.1 Market Trends
    • 8.2.5.2 Market Forecast
  • 8.2.6 Indonesia
    • 8.2.6.1 Market Trends
    • 8.2.6.2 Market Forecast
  • 8.2.7 Others
    • 8.2.7.1 Market Trends
    • 8.2.7.2 Market Forecast
• 8.3 Europe
  • 8.3.1 Germany
    • 8.3.1.1 Market Trends
    • 8.3.1.2 Market Forecast
  • 8.3.2 France
    • 8.3.2.1 Market Trends
    • 8.3.2.2 Market Forecast
  • 8.3.3 United Kingdom
    • 8.3.3.1 Market Trends
    • 8.3.3.2 Market Forecast
  • 8.3.4 Italy
    • 8.3.4.1 Market Trends
    • 8.3.4.2 Market Forecast
  • 8.3.5 Spain
    • 8.3.5.1 Market Trends
    • 8.3.5.2 Market Forecast
  • 8.3.6 Russia
    • 8.3.6.1 Market Trends
    • 8.3.6.2 Market Forecast
  • 8.3.7 Others
    • 8.3.7.1 Market Trends
    • 8.3.7.2 Market Forecast
• 8.4 Latin America
  • 8.4.1 Brazil
    • 8.4.1.1 Market Trends
    • 8.4.1.2 Market Forecast
  • 8.4.2 Mexico
    • 8.4.2.1 Market Trends
    • 8.4.2.2 Market Forecast
  • 8.4.3 Others
    • 8.4.3.1 Market Trends
    • 8.4.3.2 Market Forecast
• 8.5 Middle East and Africa
  • 8.5.1 Market Trends
  • 8.5.2 Market Breakup by Country
  • 8.5.3 Market Forecast

9 SWOT Analysis

• 9.1 Overview
• 9.2 Strengths
• 9.3 Weaknesses
• 9.4 Opportunities
• 9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

• 11.1 Overview
• 11.2 Bargaining Power of Buyers
• 11.3 Bargaining Power of Suppliers
• 11.4 Degree of Competition
• 11.5 Threat of New Entrants
• 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

• 13.1 Market Structure
• 13.2 Key Players
• 13.3 Profiles of Key Players
  • 13.3.1 Daikin Industries Ltd.
    • 13.3.1.1 Company Overview
    • 13.3.1.2 Product Portfolio
    • 13.3.1.3 Financials
    • 13.3.1.4 SWOT Analysis
  • 13.3.2 Emerson Electric Co.
    • 13.3.2.1 Company Overview
    • 13.3.2.2 Product Portfolio
    • 13.3.2.3 Financials
    • 13.3.2.4 SWOT Analysis
  • 13.3.3 Honeywell International Inc.
    • 13.3.3.1 Company Overview
    • 13.3.3.2 Product Portfolio
    • 13.3.3.3 Financials
    • 13.3.3.4 SWOT Analysis
  • 13.3.4 Johnson Controls
    • 13.3.4.1 Company Overview
    • 13.3.4.2 Product Portfolio
    • 13.3.4.3 Financials
    • 13.3.4.4 SWOT Analysis
  • 13.3.5 Lennox International Inc.
    • 13.3.5.1 Company Overview
    • 13.3.5.2 Product Portfolio
    • 13.3.5.3 Financials
    • 13.3.5.4 SWOT Analysis
  • 13.3.6 Mitsubishi Electric Corporation
    • 13.3.6.1 Company Overview
    • 13.3.6.2 Product Portfolio
    • 13.3.6.3 Financials
    • 13.3.6.4 SWOT Analysis
  • 13.3.7 Panasonic Corporation
    • 13.3.7.1 Company Overview
    • 13.3.7.2 Product Portfolio
  • 13.3.8 Robert Bosch GmbH
    • 13.3.8.1 Company Overview
    • 13.3.8.2 Product Portfolio
    • 13.3.8.3 SWOT Analysis
  • 13.3.9 Schneider Electric SE
    • 13.3.9.1 Company Overview
    • 13.3.9.2 Product Portfolio
    • 13.3.9.3 Financials
    • 13.3.9.4 SWOT Analysis
  • 13.3.10 Siemens AG
    • 13.3.10.1 Company Overview
    • 13.3.10.2 Product Portfolio
    • 13.3.10.3 Financials
    • 13.3.10.4 SWOT Analysis
  • 13.3.11 The Danfoss Group
    • 13.3.11.1 Company Overview
    • 13.3.11.2 Product Portfolio
    • 13.3.11.3 SWOT Analysis