Global Heating Equipment Market 2017-2021

Overview of the global heating equipment market

Research analysis on the global heating equipment market identifies that the developing infrastructure in developing countries will be one of the major factors that will have a positive impact on the growth of the market. Rapid urbanization and steady economic growth have resulted in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities. Also, the expansion of commercial spaces such as corporate hubs, new office floor space, special economic zones (SEZs), and organized retail outlets will drive the demand for heating equipment installations around the globe. In India, new construction activities in cities such as Greater Noida, Gurgaon, and Chandigarh have shown growth in deployment numbers of heating equipment for functional and operational purposes. Moreover, construction is the second-most energy-concentrated sector in China. Energy-efficiency projects have high potential in this country. These developments will drive the growth of the heating equipment market during the forecast period. Technavio's market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

The rise in adoption rates of smartphones to control heating devices is one of the latest trends that will gain traction in the heating equipment market. Numerous smartphone providers are coming up with mobile apps that can control heating equipment systems from remote locations. The incorporation of smartphones with heating equipment systems has resulted in the development of efficient and effective heating equipment with web control. For instance, mini-split made by PowerWise allows users to control temperatures online. This device lets people set up to eight heating and cooling times and is a substitute for fossil fuel-based heating.

Competitive landscape and key vendors

The heat equipment market consists of international and local vendors. Numerous regional vendors are offering customized heat equipment systems at subsidized prices compared to international vendors for raising their market shares. The competitive environment of the heating devices market is likely to grow during the forecast period with a rise in technological innovations, product extensions, and strategic M&A activities.

The leading vendors in the market are ?

• Daikin Industries
• Ingersoll-Rand
• Lennox International
• Robert Bosch
• United Technologies

The 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.

Segmentation by end-user and analysis of the heating equipment market

• Industrial sector
• Residential sector
• Commercial sector

During 2016, the industrial sector accounted for the major shares of the heating equipment market. Factors such as the increased usage of heating equipment in manufacturing plants, food processing plants, bus stations, and roads will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the heating equipment market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the heating equipment market throughout the forecast period. Increasing construction activities, especially in the residential sector and the rising number of government set regulations to improve the energy efficiency of all the heating equipment is driving growth of the market in Europe.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global heating equipment market?
• What are the key market trends impacting the growth of the global heating equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global heating equipment market?
• What are the market opportunities and threats faced by the vendors in the global heating equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global heating equipment market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming report by Technavio on the global heating equipment market is an essential part of the heavy industry portfolio under the fast-growing subdivision like engineering tools. This report aims at estimating the major trends and market drivers that induce the growth of the engineering tools industry. ?Innovations in heat pumps and adoption of geothermal energy are the major trends in this industry according to our market research experts.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. Furthermore, vendors like Bosch, Danfoss, and Daikin are covered under this upcoming industry research report on the global heating equipment market.

The energy efficiency in heat pumps and the positive outlook of the global construction sector are few of the factors which may influence the demand for heating equipment in the coming years as predicted by our market specialists. Furthermore, geographies like the Americas, APAC, and EMEA are covered by this report to offer clients the scope to identify potential market opportunities and expand in niche markets.

The upcoming industry report on the global heating equipment market also offers insights into the challenges faced by this industry like, the high upfront and maintenance cost in boilers and furnaces. Technavio also provides insights into the sectors such as tools and components and test and measurement.

Our market research methodology for the heating equipment market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.