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Heating Equipment Market in the US by Product, Energy Source, Market and Region

Heating Equipment Market in the US by Product, Energy Source, Market and Region

US demand for heating equipment is projected to advance 4.5% per year through 2021. Replacement of aging equipment that has reached the end of its operational life will remain the key driver of demand gains. In addition, the use of more efficient and typically higher value heating equipment will support sales increases in value terms. However, the pace of growth will slow through 2021 as much of the pent up demand that built up during the Great Recession was alleviated between 2011 and 2016.

This report covers heating equipment demand by product, energy source, market and region. Data are given in dollar value and units.

Heating equipment products covered in the study include:
Warm air furnaces
Boilers
Room and zone heating equipment

Energy Sources covered include:
Natural gas
Electricity
Heating oil and other energy sources (which include active solar, coal, corn, and wood and wood pellet)

The markets for heating equipment are:
Commercial, including both new buildings and existing buildings
Residential, including both new buildings and existing buildings

Demand is also broken out by US Census region:
Midwest
South
Northeast
West

Scope of the Report
This report shows the scope, size, and growth of the US heating equipment market, including key trends by product type and market. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year-by-year historical market volatility also addressed. Also included is an analysis of the key industry players and their market share.


  • EXECUTIVE SUMMARY
    • Table Figure 1-1 | Key Trends in the US Market for Heating Equipment
  • OVERVIEW
    • Key Findings
      • Table Figure 2-1 | Key Trends in the Heating Equipment Market
    • Factors Influencing Heating Equipment Demand
    • Climate Zones
    • Energy Profile
      • Table Average Retail Energy Costs in the US by Source, 2006-2021
    • Energy Efficiency
    • Impact of Tax Credits on Heating Equipment Demand
    • Pricing Trends
      • Table Heating Equipment Pricing Trends, 2006-2021
      • Table Figure 2-2 | Heating Equipment Pricing Trends, 2006-2021
    • Market Volatility
      • Table Figure 2-3 | Heating Equipment Demand, 2006-2016
    • Foreign Trade
      • Table Foreign Trade in Heating Equipment, 2006-2021
      • Table Figure 2-4 | US Foreign Trade in Heating Equipment, 2006-2016
      • Imports
        • Table Heating Equipment Imports by Source, 2006-2016
        • Table Figure 2-5 | Heating Equipment Imports by Source, 2006-2016
      • Exports
        • Table Heating Equipment Exports by Destination, 2006-2016
        • Table Figure 2-6 | US Heating Equipment Exports by Destination, 2006-2016
  • PRODUCTS
    • Key Findings
      • Table Figure 3-1 | Key Trends in Heating Equipment Products
    • Heating Equipment Historical Trends
    • Heating Equipment Forecasts
      • Table Heating Equipment Supply & Demand, 2006-2021
      • Table Figure 3-2 | Heating Equipment Demand, 2006-2021
    • Heating Equipment Demand by Energy Source
      • Table Heating Equipment Demand by Energy Source, 2006-2021
      • Table Figure 3-3 | Heating Equipment Demand by Energy Source, 2016
    • Heating Equipment Demand by Product
      • Table Heating Equipment Demand by Value & Volume, 2006-2021
      • Table Figure 3-4 | Heating Equipment Demand by Value & Volume, 2016
      • Warm Air Furnace
        • Table Warm Air Furnace Supply & Demand, 2006-2021
        • Table Figure 3-5 | Warm Air Furnace Demand, 2006-2016
        • Table Warm Air Furnace Demand by Energy Source, 2006-2021
        • Table Figure 3-6 | Warm Air Furnace Demand by Energy Source, 2016
        • Table Natural Gas Warm Air Furnace Demand by Value & Volume, 2006-2021
        • Table Electric Warm Air Furnace Demand by Value & Volume, 2006-2021
        • Table Heating Oil & Other Energy Source Warm Air Furnace Demand by Value & Volume, 2006-2021
      • Boilers
        • Table Boiler Supply & Demand, 2006-2021
        • Table Figure 3-7 | Boiler Demand, 2006-2016
        • Table Boiler Demand by Type, 2006-2021
        • Table Figure 3-8 | Boiler Demand by Product Type, 2016
        • Table Cast Iron Boiler Demand by Value & Volume, 2006-2021
        • Table Steel Boiler Demand by Value & Volume, 2006-2021
      • Room & Zone Heating Equipment
        • Table Room & Zone Heating Equipment Supply & Demand, 2006-2021
        • Table Figure 3-9 | Selected Commercial & Residential Building Applications for Room & Zone Heating Equipment
        • Table Room & Zone Heating Equipment Demand by Value & Volume, 2006-2021
  • MARKETS
    • Key Findings
      • Table Figure 4-1 | Key Trends in Heating Equipment Markets
    • Heating Equipment Demand by Market
      • Table Heating Equipment Demand by Market & Segment, 2006-2021
      • Table Figure 4-2 | Heating Equipment Demand by Market, 2006-2021
      • Commercial
        • Table Commercial Heating Equipment Demand by Segment, 2006-2021
        • Table Figure 4-3 | Commercial Heating Equipment Demand, 2006-2016
        • Table Commercial Heating Equipment Demand by Building Type, 2006-2021
        • Table Figure 4-4 | Commercial Heating Equipment Demand by Building Type, 2016
        • Table Commercial Heating Equipment Demand by Product, 2006-2021
        • Table Figure 4-5 | Commercial Heating Equipment Demand by Product, 2016
      • Residential
        • Table Residential Heating Equipment Demand by Segment, 2006-2021
        • Table Figure 4-6 | Heating Equipment Demand in Existing Residential Buildings by Value, 2006-2016
        • Table Figure 4-7 | New Residential Building Heating Equipment Demand by Value, 2006-2016
        • Table Residential Heating Equipment Demand by Building Type, 2006-2021
        • Table Figure 4-8 | Residential Heating Equipment Demand by Building Type, 2016
        • Table Residential Heating Equipment Demand by Product, 2006-2021
        • Table Figure 4-9 | Residential Heating Equipment Demand by Product, 2016
  • REGIONS
    • Key Findings
      • Table Figure 5-1 | Key Trends in Heating Equipment Demand by Region
    • Climatic Factors Influencing Heating Equipment Demand
      • Table Figure 5-2 | US Heating Equipment Demand Relative to Construction Spending by Region, 2016
    • Heating Equipment Demand by Region
      • Table Heating Equipment Demand by Region, 2006-2021
      • Table Figure 5-3 | Heating Equipment Demand by Region, 2016
      • Northeast
        • Table Northeast: Heating Equipment Demand by Market, 2006-2021
        • Table Northeast: Heating Equipment Demand by Product, 2006-2021
        • Table Figure 5-4 | Northeast: Heating Equipment Demand by Product, 2016
      • Midwest
        • Table Midwest: Heating Equipment Demand by Market, 2006-2021
        • Table Midwest: Heating Equipment Demand by Product, 2006-2021
        • Table Figure 5-5 | Midwest: Heating Equipment Demand by Product, 2016
      • South
        • Table South: Heating Equipment Demand by Market, 2006-2021
        • Table South: Heating Equipment Demand by Product, 2006-2021
        • Table Figure 5-6 | South: Heating Equipment Demand by Product, 2016
      • West
        • Table West: Heating Equipment Demand by Market, 2006-2021
        • Table West: Heating Equipment Demand by Product, 2006-2021
        • Table Figure 5-7 | West: Heating Equipment Demand by Product, 2016
  • INDUSTRY STRUCTURE
    • Key Findings
    • Industry Composition
      • Table Heating Equipment Sales by Company, 2016
    • Market Share
      • Table Figure 6-1 | US Heating Equipment Market Share, 2016
      • Table Figure 6-2 | Heating Equipment: Overall Leading Supplier
      • Table Figure 6-3 | Heating Equipment: Second Leading Supplier
      • Table Figure 6-4 | Heating Equipment: Third Leading Supplier
      • Table Figure 6-5 | Heating Equipment: Fourth Leading Supplier
    • Competitive Strategies
    • Product Development & Manufacturing
      • Table Selected High Efficiency Heating Equipment by Company
      • Table R&D Spending for Selected Heating Equipment Companies, 2016
    • Marketing
    • Distribution
    • Cooperative Agreements
      • Table Selected Cooperative Agreements
    • Mergers, Acquisitions, &Industry Restructuring
      • Table Selected Acquisitions & Divestitures
    • List of Industry Participants
  • APPENDIX
    • Scope
      • Table Study Scope: Heating Equipment Markets
      • Table Study Scope: US Regions
      • Table Relevant NAICS Codes
    • Methodology
    • Sources
    • Associations & Agencies
    • Related Freedonia Group Studies
    • Definitions
    • Abbreviations
      • Table Abbreviations & Acronyms Used in Study
    • Climate Zones
      • Table Figure 7-1 | Continental US Climate Zones*
    • Macroeconomic Assumptions
      • Economic Environment
        • Table Macroeconomic Indicators, 2006 - 2021
        • Table Figure 7-2 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average
      • Demographic Trends
        • Table Population & Households, 2006 - 2021
        • Table Figure 7-3 | Annual Population Growth, 2001 - 2016
      • Consumer Trends
        • Table Personal Consumption Expenditures, 2006 - 2021
      • Building Construction
        • Table Building Construction Expenditures, 2006 - 2021
      • Residential
        • Table Residential Building Construction Expenditures, 2006 - 2021
        • Table New Housing Indicators, 2006 - 2021
        • Table Housing Stock by Type, 2006 - 2021
        • Table Figure 7-4 | Housing Stock by Year of Construction, 2016
        • Table Residential Improvement & Repair Expenditures, 2006 - 2021
      • Nonresidential
        • Table Nonresidential Building Construction Expenditures, 2006 - 2021

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