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Heating Equipment Market Analysis By Product (Heat Pumps, Furnaces, Boilers, Unitary Heaters), By Application (Residential, Commercial, Industrial), Competitive Benchmarking, Trends, And Segment Forecasts, 2014 - 2025

Published: Jun, 2019 | Pages: 110 | Publisher: Grand View Research
Industry: Equipment | Report Format: Electronic (PDF)

The global heating equipment market size is expected to reach USD 48.58 billion by 2025 registering a CAGR of 5.4%, according to a new report by Grand View Research, Inc. 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
 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 GVR’s 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
List of Tables

TABLE 1 Heating equipment - Regulatory framework
TABLE 2 Heating equipment - Key market driver impact
TABLE 3 Heating equipment - Key market restraints impact
TABLE 4 Furnace: Average installation and equipment cost
TABLE 5 Heating equipment market revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 6 Heating equipment market estimates & forecast from heat pumps, 2014 - 2025 (USD Million)
TABLE 7 Heating equipment market revenue estimates & forecast from heat pumps, by region, 2014 - 2025 (USD Million)
TABLE 8 Heating equipment market estimates & forecast from furnaces, 2014 - 2025 (USD Million)
TABLE 9 Heating equipment market revenue estimates & forecast from furnaces, by region, 2014 - 2025 (USD Million)
TABLE 10 Heating equipment market estimates & forecast from boilers, 2014 - 2025 (USD Million)
TABLE 11 Heating equipment market revenue estimates & forecast from boilers, by region, 2014 - 2025 (USD Million)
TABLE 12 Heating equipment market estimates & forecast from unitary heaters, 2014 - 2025 (USD Million)
TABLE 13 Heating equipment market revenue estimates & forecast from unitary heaters, by region, 2014 - 2025 (USD Million)
TABLE 14 Heating equipment market estimates & forecast from other products, 2014 - 2025 (USD Million)
TABLE 15 Heating equipment market revenue estimates & forecast from other products, by region, 2014 - 2025 (USD Million)
TABLE 16 Heating equipment market revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 17 Heating equipment market estimates & forecast from residential, 2014 - 2025 (USD Million)
TABLE 18 Heating equipment market revenue estimates & forecast from residential, by region, 2014 - 2025 (USD Million)
TABLE 19 Heating equipment market estimates & forecast from commercial, 2014 - 2025 (USD Million)
TABLE 20 Heating equipment market revenue estimates & forecast from commercial, by region, 2014 - 2025 (USD Million)
TABLE 21 Heating equipment market estimates & forecast from industrial, 2014 - 2025 (USD Million)
TABLE 22 Heating equipment market revenue estimates & forecast from industrial, by region, 2014 - 2025 (USD Million)
TABLE 23 Heating equipment revenue estimates & forecast by region, 2014 - 2025 (USD Million)
TABLE 24 North America heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 25 North America heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 26 North America heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 27 U.S. heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 28 U.S. heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 29 U.S. heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 30 Canada heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 31 Canada heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 32 Canada heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 33 Mexico heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 34 Mexico heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 35 Mexico heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 36 Europe heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 37 Europe heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 38 Europe heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 39 Germany heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 40 Germany heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 41 Germany heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 42 France heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 43 France heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 44 France heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 45 U.K. heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 46 U.K. heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 47 U.K. heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 48 Russia heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 49 Russia heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 50 Russia heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 51 Asia Pacific heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 52 Asia Pacific heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 53 Asia Pacific heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 54 China heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 55 China heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 56 China heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 57 Japan heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 58 Japan heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 59 Japan heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 60 India heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 61 India heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 62 India heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 63 Indonesia heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 64 Indonesia heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 65 Indonesia heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 66 Central & South America heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 67 Central & South America heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 68 Central & South America heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 69 Brazil heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 70 Brazil heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 71 Brazil heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 72 Middle East & Africa heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 73 Middle East & Africa heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 74 Middle East & Africa heating equipment market revenue by application, 2014 - 2025 (USD Million)
TABLE 75 Saudi Arabia heating equipment market estimates & forecast, 2014 - 2025 (USD Million)
TABLE 76 Saudi Arabia heating equipment market revenue by product, 2014 - 2025 (USD Million)
TABLE 77 Saudi Arabia heating equipment market revenue by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Heating equipment market revenue share, 2018 (USD Million)
FIG. 2 Heating equipment market segmentation
FIG. 3 Global heating equipment market, 2014 - 2025 (USD Million)
FIG. 4 Heating equipment value chain analysis
FIG. 5 Heating equipment market dynamics
FIG. 6 Construction spending by country, 2019 (USD Billion)
FIG. 7 Heating equipment - Porter’s analysis
FIG. 8 Heating equipment PESTEL analysis
FIG. 9 Heating equipment market revenue by product, 2018 & 2025 (USD Million)
FIG. 10 Heating equipment market revenue by application, 2018 & 2025 (USD Million)
FIG. 11 Heating equipment market share by region, 2018 & 2025 (USD Million)
FIG. 12 Competitive strategy adopted by leading players 



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