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Global Heating Equipment Market 2017-2021

Global Heating Equipment Market 2017-2021

About Heating Equipment

A heating equipment is designed and specifically used to heat ambient air in an enclosed space. Central warm air furnace, heat pump, boiler for steam or hot water heating system, built-in or plug-in room heater, are heating stove and fireplace are a few examples of heating equipment. Heating purpose can be categorized into primary heating such as residential heating through heat pumps and secondary heating such as industrial process heating.

Technavio’s analysts forecast the global heating equipment market to grow at a CAGR of 5.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global heating equipment market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales, and value.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Heating Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daikin Industries
  • Ingersoll-Rand
  • Lennox International
  • Robert Bosch
  • United Technologies
Other prominent vendors
  • Johnson Controls
  • Danfoss
  • Uponor
  • Emerson
  • Honeywell International
  • Pentair
  • Nexans
  • Siemens
  • Mitsubishi Electric
  • Nortek
  • Schneider Heating & Air Conditioning
  • aquatechnik group
  • Climatel
  • Cambro Hydronic Heating
  • Tamult
  • Technitrace
  • GIROLAN
  • Cheminarte
  • Wattco
  • Will & Hahnenstein
  • Chromalox
  • NIBE
  • Airwell
  • BDR Thermea
  • Berliner Luft Technik
  • Denso
  • Bryant Heating & Cooling
  • AGS Heating Equipment
  • Calorex Heat Pumps
  • China Yangzi Group
  • CIAT
  • Climaveneta
  • Corona Corporation
  • DeLclima
  • Enertech Group
  • Fujitsu General
  • Geothermal International
  • Glen Dimplex
  • Goodman Global
  • Gree Electric
  • Haier
  • Hitachi Appliances
  • Kermi
  • LG Electronics
  • LSB Industries
  • Mayekawa Manufacturing
  • Midea
  • Nortek Global HVAC
  • Panasonic
  • Payne
  • Rheem
  • Riello Group
  • Samsung Electronics
  • Sanden Corporation
  • SIRAC
  • Stiebel Eltron
  • Swegon
  • Systemair
  • Toshiba
  • Vaillant Group
  • Viessmann Group
  • WaterFurnace International
  • Waterkotte
  • York
  • Alfa Laval
  • Amec Foster Wheeler
  • GE Steam Power
Market driver
  • Growing demand for district heating
  • For a full, detailed list, view our report
Market challenge
  • Capital-intensive market
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of building automation systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Heating Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global heating equipment market: Daikin Industries, Ingersoll-Rand, Lennox International, Robert Bosch, and United Technologies

Other Prominent Vendors in the market are: Johnson Controls, Danfoss, Uponor, Emerson, Honeywell International, Pentair, Nexans, Siemens, Mitsubishi Electric, Nortek, Schneider Heating & Air Conditioning, aquatechnik group, Climatel, Cambro Hydronic Heating, Tamult, Technitrace, GIROLAN, Cheminarte, Wattco, Will & Hahnenstein, Chromalox, NIBE, Airwell, BDR Thermea, Berliner Luft Technik, Denso, Bryant Heating & Cooling, AGS Heating Equipment, Calorex Heat Pumps , China Yangzi Group, CIAT, Climaveneta, Corona Corporation, DeLclima, Enertech Group, Fujitsu General , Geothermal International, Glen Dimplex, Goodman Global, Gree Electric, Haier, Hitachi Appliances, Kermi, LG Electronics, LSB Industries, Mayekawa Manufacturing, Midea, Nortek Global HVAC, Panasonic, Payne, Rheem, Riello Group, Samsung Electronics, Sanden Corporation, SIRAC , Stiebel Eltron, Swegon, Systemair, Toshiba, Vaillant Group, Viessmann Group, WaterFurnace International, Waterkotte, York, Alfa Laval, Amec Foster Wheeler, and GE Steam Power.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing adoption of building automation systems. Building automation systems (BASs), which monitor and control heating equipment and other facilities of a given building, are being modernized and enhanced by technological advances such as embedding them with computing and digital communication tools that allow them to improve energy efficiency. The number of integrated BAS installations has increased over the years. This is owing to the increase in the number of construction projects and building retrofits.”

According to the report, one of the major drivers for this market is Growing demand for district heating. Worldwide, balanced steps and measures are being taken toward the adoption of renewable sources of energy. This is owing to the gradually depleting fossil fuels. Globally, all the countries are working toward saving energy by reducing energy consumption, and district heating is a step toward it. As a result, the district heating market is likely to register growth by manifolds over the years. Governments worldwide have also mandated strict regulatory framework in a bid to conserve energy, recycle waste energy, and limit greenhouse gas emissions.

Further, the report states that one of the major factors hindering the growth of this market is Capital-intensive market. The global heating equipment market is capital-intensive. With the decline in the global economy, global heating equipment market vendors have been facing difficulty in investing heavily in R&D activities and marketing campaigns. In addition, many end-users are struggling to purchase heating equipment as it requires a high initial investment. Many residential consumers in developing countries are facing challenges in adopting domestic heating equipment such as household furnaces and other heating equipment.

Companies Mentioned

Daikin Industries, Ingersoll-Rand, Lennox International, Robert Bosch, United Technologies, Johnson Controls, Danfoss, Uponor, Emerson, Honeywell International, Pentair, Nexans, Siemens, Mitsubishi Electric, Nortek, Schneider Heating & Air Conditioning, aquatechnik group, Climatel, Cambro Hydronic Heating, Tamult, Technitrace, GIROLAN, Cheminarte, Wattco, Will & Hahnenstein, Chromalox, NIBE, Airwell, BDR Thermea, Berliner Luft Technik, Denso, Bryant Heating & Cooling, AGS Heating Equipment, Calorex Heat Pumps , China Yangzi Group, CIAT, Climaveneta, Corona Corporation, DeLclima, Enertech Group, Fujitsu General , Geothermal International, Glen Dimplex, Goodman Global, Gree Electric, Haier, Hitachi Appliances, Kermi, LG Electronics, LSB Industries, Mayekawa Manufacturing, Midea, Nortek Global HVAC, Panasonic, Payne, Rheem, Riello Group, Samsung Electronics, Sanden Corporation, SIRAC , Stiebel Eltron, Swegon, Systemair, Toshiba, Vaillant Group, Viessmann Group, WaterFurnace International, Waterkotte, York, Alfa Laval, Amec Foster Wheeler, and GE Steam Power.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of heating systems
      • Table End-users of heating equipment
      • Table Current and future market prospects of different end-users 2016 and 2021
      • Table Current and future market prospects of different geographies 2016 and 2021
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global heating equipment market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Market share of end-users 2016 and 2021
    • Global heating equipment market by industrial sector
      • Table Global heating equipment market by industrial sector 2016-2021 ($ billions)
      • Table Incremental growth in investment in global smart cities market 2017-2026 ($ trillions)
    • Global heating equipment market by residential sector
      • Table Global heating equipment market by residential segment 2016-2021 ($ billions)
      • Table Global urban population as a percentage of total global population 2010-2016 (%)
    • Global heating equipment market by commercial segment
      • Table Global heating equipment market by commercial segment 2016-2021 ($ billions)
      • Table International tourism receipts as percentage of total exports 2010-2015 (%)
  • Geographical segmentation
    • Market overview
      • Table Market shares of each region of global heating equipment market 2016 and 2021
    • Heating equipment market in EMEA
      • Table Heating equipment market in EMEA 2016-2021 ($ billions)
      • Table Annual GDP growth of leading countries in Europe 2009-2016 (%)
    • Heating equipment market in Americas
      • Table Heating equipment market in Americas 2016-2021 ($ billions)
      • Table Total construction spending in the US 2008-2016 ($ millions)
    • Heating equipment market in APAC
      • Table Heating equipment market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Presence of central thermostats in US households 2009 (%)
    • Market challenges
  • Market trends
    • Growing adoption of building automation systems
    • Increase in adoption of smartphones to control heating devices
      • Table Smartphone penetration in major countries as a percentage of global smartphone penetration 2015-2016 (%)
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Daikin Industries
      • Table Key products of Daikin Industries
    • Ingersoll-Rand
      • Table Key products of Ingersoll-Rand
    • Lennox International
      • Table Key products of Lennox International
    • Robert Bosch
      • Table Key products and services of Robert Bosch
      • Table Key products of Bosch Thermotechnology
    • United Technologies
      • Table Key products and services of United Technologies
  • Appendix
    • List of abbreviations
  • Explore Technavio

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