The Warm Air Heating Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Warm Air Heating Equipment Global Market Report 2024, The warm air heating equipment market size has grown strongly in recent years. It will grow from $123.83 billion in 2023 to $133.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to energy efficiency, environmental regulations, economic factors, replacement cycle.
The warm air heating equipment market size is expected to see strong growth in the next few years. It will grow to $167.66 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to building efficiency standards, energy costs, global economic conditions. Major trends in the forecast period include smart heating systems, electrification and heat pumps, hybrid systems, customization and zoning, health and comfort considerations, industry collaboration.
Favorable measures to reduce carbon footprint are expected to drive the warm air heating equipment market’s growth. Countries all over the world are working towards decarbonizing the environment for a sustainable environment and making the world a better place. Warm air heating equipment like a heat pump reduces carbon footprints by using renewable energies. For instance, in September 2022, Samsung Electronics Co. Ltd., a South Korea based appliance company announced an environmental agenda with a timeline that includes achieving net-zero carbon emissions by 2050, investing in renewable energy, enhancing resource circularity, and developing innovative technologies to combat climate change and promote sustainability. Similarly, in June 2022, Pfizer Inc., a US-based pharmaceutical company aimed to achieve the voluntary Net-Zero Standard by 2040, with a commitment to reduce GHG emissions by 95% and value chain emissions by 90% from 2019 levels bythat time. Hence, favorable measures by companies to reduce carbon footprints support the warm air heating equipment market growth.
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The warm air heating equipment market covered in this report is segmented –
1) By Product Type: Dehumidifiers; Heat Pumps; Humidifying Equipment
2) By Capacity: Small; Medium; Large
3) By Application: Residential; Commercial; Industrial
The warm air heating equipment market report table of contents includes:
1. Executive Summary
2. Warm Air Heating Equipment Market Characteristics
3. Warm Air Heating Equipment Market Trends And Strategies
4. Warm Air Heating Equipment Market – Macro Economic Scenario
5. Global Warm Air Heating Equipment Market Size and Growth
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26. South America Warm Air Heating Equipment Market
27. Brazil Warm Air Heating Equipment Market
28. Middle East Warm Air Heating Equipment Market
29. Africa Warm Air Heating Equipment Market
30. Warm Air Heating Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Danfoss
- Daikin
- Mitsubishi Electric Corporation
- WOLF GmbH
- Johnson Controls Inc
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