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Heating Appliances Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 229 Pages
SKU # FOB18820169

Description

Heating Appliances Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Heating Appliances Market

The heating appliances market size was valued at USD 51.38 billion in 2022, and the market is now projected to grow from USD 53.25 billion in 2023 to USD 67.58 billion by 2030, exhibiting a CAGR of 3.46% during the forecast period of 2023-2030.

Production and supply chain restrictions caused by lockdowns and social distancing due to COVID-19 reduced heating appliances market growth. This prompted inefficiencies in the production of gas-fuel-based heating products such as cook tops, heaters and ovens. Subsequently, production was slowed down while retail sales decreased greatly leading to a low demand for the products.

The energy-efficient heating appliance market share is growing since consumers search for cheap, gas-fueled appliances, including water heaters and cooktops. Customers are changing from electrical to gaseous appliances, which are not as demanding in terms of servicing. Natural gas heating products for various purposes are becoming popular and as per the U.S Energy Information Administration (U.S. EIA), the 2021 households, using these devices will be 30 percent more than the winter of 2020.

Further, emerging trends in the form of the replacement of conventional electric cooktops with safer gas cooktops in hotels and restaurants are introducing fresh market prospects. Apparel and accessories are becoming popular among consumers because they are cheaper when used in natural gas appliances such as cooktops, ovens and water heaters. This shift to renewable gas sources will help lower the carbon footprint.

Comprehensive Analysis of Heating Appliances Market

The heating appliances and consumer goods market is increasing, driven by market segmentation. This expansion includes detailed regional assessments of supply and demand forces. Segmentation is based on fuel types, end-user devices, and commercial use. The fuel types include, Natural Gas, LPG, and Butane/Propane. The end-user include, Residential (Space Heating Appliances, Cooking Appliances, Clothes Drying, and Gas Water Heaters and the commercial include, Space Heating Appliances, Water Heaters, and Cooking Appliances.

In 2022, the market witness domination by North America. Canada and the US drive regional growth policies due to the inclining trend in their appliance overhauls. Large home sizes in these countries lead to higher demand for large-sized appliances. This trend results in significant demand for large-sized heating devices in North America.

Leading market players are essential in driving growth and setting standards in the consumer goods industry. These players include, Hitachi Ltd. (Japan), Electrolux AB (Sweden), Samsung Electronics Co. Ltd. (South Korea), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Haier Smart Home Co. Ltd. (China), Honeywell International Inc. (U.S.), LG Electronics Inc. (South Korea), Inductotherm Corp. (U.S.) and Rinnai Corporation (Japan).

In January 2023, Hithastica Ltd an Indian non-governmental company which has started producing heating devices in a 6-acre plot located within Jadcherla region of Telangana. The factory manufactures different kinds of these gadgets such as water heaters.

Segmentation Table

GlobalHeating Appliances Market Scope

Study Period 2019-2030

Base Year 2022

Forecast Period 2023-2030

Growth Rate CAGR of 3.46% from 2023 to 2030

Historical Period 2019-2021

Unit Value (USD Billion)

Segmentation By Fuel Type, End-User, and Region

By Fuel Type Natural Gas

Liquefied Petroleum Gas (LPG)

Butane/Propane

By End- UserResidential

- Space Heating Appliances

- Cooking Appliances

- Clothes Drying

- Gas Water Heaters

Commercial

- Space Heating Appliances

- Water Heaters

- Cooking Appliances

By Region North America (By Fuel Type, End-user, and Country)

- U.S.

- Canada

Europe (By Fuel Type, End-user, and Country)

- Germany

- France

- U.K.

- Rest of Europe

Asia Pacific (By Fuel Type, End-user, and Country)

- China

- India

- Japan

- Southeast Asia

- Rest of Asia Pacific

Latin America (By Fuel Type, End-user, and Country)

- Brazil

- Mexico

- Rest of Latin America

Middle East & Africa (By Fuel Type, End-user, and Country)

- South Africa

- GCC Countries

- Rest of the Middle East & Africa


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Table of Contents

229 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on Global Aseptic Packaging Market
5. Global Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Material (Value)
5.2.1. Plastic
5.2.2. Metal
5.2.3. Glass
5.2.4. Paper & Paperboard
5.2.5. Others
5.3. By Type (Value)
5.3.1. Cartons
5.3.2. Bags & Pouches
5.3.3. Bottles & Cans
5.3.4. Vials & Ampoules
5.3.5. Others
5.4. By Application (Value)
5.4.1. Food
5.4.2. Beverages
5.4.3. Pharmaceutical
5.4.4. Others
5.5. By Region (Value)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Material (Value)
6.2.1. Plastic
6.2.2. Metal
6.2.3. Glass
6.2.4. Paper & Paperboard
6.2.5. Others
6.3. By Type (Value)
6.3.1. Cartons
6.3.2. Bags & Pouches
6.3.3. Bottles & Cans
6.3.4. Vials & Ampoules
6.3.5. Others
6.4. By Application (Value)
6.4.1. Food
6.4.2. Beverages
6.4.3. Pharmaceutical
6.4.4. Others
6.5. By Country (Value)
6.5.1. U.S.
6.5.1.1. By Application (Value)
6.5.1.1.1. Food
6.5.1.1.2. Beverages
6.5.1.1.3. Pharmaceutical
6.5.1.1.4. Others
6.5.2. Canada
6.5.2.1. By Application (Value)
6.5.2.1.1. Food
6.5.2.1.2. Beverages
6.5.2.1.3. Pharmaceutical
6.5.2.1.4. Others
7. Europe Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Material (Value)
7.2.1. Plastic
7.2.2. Metal
7.2.3. Glass
7.2.4. Paper & Paperboard
7.2.5. Others
7.3. By Type (Value)
7.3.1. Cartons
7.3.2. Bags & Pouches
7.3.3. Bottles & Cans
7.3.4. Vials & Ampoules
7.3.5. Others
7.4. By Application (Value)
7.4.1. Food
7.4.2. Beverages
7.4.3. Pharmaceutical
7.4.4. Others
7.5. By Country (Value)
7.5.1. Germany
7.5.1.1. By Application (Value)
7.5.1.1.1. Food
7.5.1.1.2. Beverages
7.5.1.1.3. Pharmaceutical
7.5.1.1.4. Others
7.5.2. France
7.5.2.1. By Application (Value)
7.5.2.1.1. Food
7.5.2.1.2. Beverages
7.5.2.1.3. Pharmaceutical
7.5.2.1.4. Others
7.5.3. UK
7.5.3.1. By Application (Value)
7.5.3.1.1. Food
7.5.3.1.2. Beverages
7.5.3.1.3. Pharmaceutical
7.5.3.1.4. Others
7.5.4. Italy
7.5.4.1. By Application (Value)
7.5.4.1.1. Food
7.5.4.1.2. Beverages
7.5.4.1.3. Pharmaceutical
7.5.4.1.4. Others
7.5.5. Spain
7.5.5.1. By Application (Value)
7.5.5.1.1. Food
7.5.5.1.2. Beverages
7.5.5.1.3. Pharmaceutical
7.5.5.1.4. Others
7.5.6. Rest of Europe
7.5.6.1. By Application (Value)
7.5.6.1.1. Food
7.5.6.1.2. Beverages
7.5.6.1.3. Pharmaceutical
7.5.6.1.4. Others
8. Asia-Pacific Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Material (Value)
8.2.1. Plastic
8.2.2. Metal
8.2.3. Glass
8.2.4. Paper & Paperboard
8.2.5. Others
8.3. By Type (Value)
8.3.1. Cartons
8.3.2. Bags & Pouches
8.3.3. Bottles & Cans
8.3.4. Vials & Ampoules
8.3.5. Others
8.4. By Application (Value)
8.4.1. Food
8.4.2. Beverages
8.4.3. Pharmaceutical
8.4.4. Others
8.5. By Country (Value)
8.5.1. China
8.5.1.1. By Application (Value)
8.5.1.1.1. Food
8.5.1.1.2. Beverages
8.5.1.1.3. Pharmaceutical
8.5.1.1.4. Others
8.5.2. India
8.5.2.1. By Application (Value)
8.5.2.1.1. Food
8.5.2.1.2. Beverages
8.5.2.1.3. Pharmaceutical
8.5.2.1.4. Others
8.5.3. Japan
8.5.3.1. By Application (Value)
8.5.3.1.1. Food
8.5.3.1.2. Beverages
8.5.3.1.3. Pharmaceutical
8.5.3.1.4. Others
8.5.4. South Korea
8.5.4.1. By Application (Value)
8.5.4.1.1. Food
8.5.4.1.2. Beverages
8.5.4.1.3. Pharmaceutical
8.5.4.1.4. Others
8.5.5. Rest of Asia Pacific
8.5.5.1. By Application (Value)
8.5.5.1.1. Food
8.5.5.1.2. Beverages
8.5.5.1.3. Pharmaceutical
8.5.5.1.4. Others
9. Latin America Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Material (Value)
9.2.1. Plastic
9.2.2. Metal
9.2.3. Glass
9.2.4. Paper & Paperboard
9.2.5. Others
9.3. By Type (Value)
9.3.1. Cartons
9.3.2. Bags & Pouches
9.3.3. Bottles & Cans
9.3.4. Vials & Ampoules
9.3.5. Others
9.4. By Application (Value)
9.4.1. Food
9.4.2. Beverages
9.4.3. Pharmaceutical
9.4.4. Others
9.5. By Country (Value)
9.5.1. Brazil
9.5.1.1. By Application (Value)
9.5.1.1.1. Food
9.5.1.1.2. Beverages
9.5.1.1.3. Pharmaceutical
9.5.1.1.4. Others
9.5.2. Rest of Latin America
9.5.2.1. By Application (Value)
9.5.2.1.1. Food
9.5.2.1.2. Beverages
9.5.2.1.3. Pharmaceutical
9.5.2.1.4. Others
10. Middle East & Africa Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Material (Value)
10.2.1. Plastic
10.2.2. Metal
10.2.3. Glass
10.2.4. Paper & Paperboard
10.2.5. Others
10.3. By Type (Value)
10.3.1. Cartons
10.3.2. Bags & Pouches
10.3.3. Bottles & Cans
10.3.4. Vials & Ampoules
10.3.5. Others
10.4. By Application (Value)
10.4.1. Food
10.4.2. Beverages
10.4.3. Pharmaceutical
10.4.4. Others
10.5. By Country (Value)
10.5.1. Saudi Arabia
10.5.1.1. By Applucation (Value)
10.5.1.1.1. Food
10.5.1.1.2. Beverages
10.5.1.1.3. Pharmaceutical
10.5.1.1.4. Others
10.5.2. South Africa
10.5.2.1. By Application (Value)
10.5.2.1.1. Food
10.5.2.1.2. Beverages
10.5.2.1.3. Pharmaceutical
10.5.2.1.4. Others
10.5.3. Rest of Middle East & Africa
10.5.3.1. By Application (Value)
10.5.3.1.1. Food
10.5.3.1.2. Beverages
10.5.3.1.3. Pharmaceutical
10.5.3.1.4. Others
11. Company Profiles
11.1.
11.1.1. Amcor Limited
11.1.1.1. Overview
11.1.1.2. Description
11.1.1.3. Product Portfolio
11.1.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.1.5. Recent Developments
11.1.2. Tetra Laval S.A.
11.1.2.1. Overview
11.1.2.2. Description
11.1.2.3. Product Portfolio
11.1.2.4. Financials (Data as available in public domain and/or on paid databases)
11.1.2.5. Recent Developments
11.1.3. Greatview Aseptic Packaging Co.,Ltd.
11.1.3.1. Overview
11.1.3.2. Description
11.1.3.3. Product Portfolio
11.1.3.4. Financials (Data as available in public domain and/or on paid databases)
11.1.3.5. Recent Developments
11.1.4. IMA Group
11.1.4.1. Overview
11.1.4.2. Description
11.1.4.3. Product Portfolio
11.1.4.4. Financials (Data as available in public domain and/or on paid databases)
11.1.4.5. Recent Developments
11.1.5. SCHOTT Glass India Pvt. Ltd.
11.1.5.1. Overview
11.1.5.2. Description
11.1.5.3. Product Portfolio
11.1.5.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5.5. Recent Developments
11.1.6. DS Smith
11.1.6.1. Overview
11.1.6.2. Description
11.1.6.3. Product Portfolio
11.1.6.4. Financials (Data as available in public domain and/or on paid databases)
11.1.6.5. Recent Developments
11.1.7. Elopak Group
11.1.7.1. Overview
11.1.7.2. Description
11.1.7.3. Product Portfolio
11.1.7.4. Financials (Data as available in public domain and/or on paid databases)
11.1.7.5. Recent Developments
11.1.8. SIG Combibloc Group Ltd.
11.1.8.1. Overview
11.1.8.2. Description
11.1.8.3. Product Portfolio
11.1.8.4. Financials (Data as available in public domain and/or on paid databases)
11.1.8.5. Recent Developments
11.1.9. Printpack
11.1.9.1. Overview
11.1.9.2. Description
11.1.9.3. Product Portfolio
11.1.9.4. Financials (Data as available in public domain and/or on paid databases)
11.1.9.5. Recent Developments
11.1.10. Sealed Air Corporation
11.1.10.1. Overview
11.1.10.2. Description
11.1.10.3. Product Portfolio
11.1.10.4. Financials (Data as available in public domain and/or on paid databases)
11.1.10.5. Recent Developments
11.1.11. Other Key Players
12. Strategic Recommendations

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