Published Year: 2024
Global Heating Equipment Market: Focus on Application, Product Type, Fuel Type, and Country-Level An
The global heating equipment market is projected to reach $206,505.0 million by 2033 from...
Market Research Report
A quick peek into the report
Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Rising Focus on IoT- Enabled Heating Equipment Market
1.1.3 Focus on Energy Efficiency
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country, by Year)
1.4 Regulatory Landscape
1.5 Market Dynamics: Overview
1.5.1 Market Drivers
1.5.1.1 Rapid Expansion of Global Construction Projects
1.5.1.2 Environmental Consequences of the Greenhouse Effect
1.5.1.3 Incorporation of Renewable Energy Sources
1.5.2 Market Restraints
1.5.2.1 High Initial Capital Expenditure
1.5.2.2 Fluctuations in Energy Costs
1.5.3 Market Opportunities
1.5.3.1 Investment in Sustainable and Energy Efficient Heating Equipment Products
1.5.3.2 Rise in Partnerships and Collaborations Globally
2.1 Regional Summary
2.2 Drivers and Restraints
2.3 Asia-Pacific
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Application
2.3.5 Product
2.3.6 Asia-Pacific (by Country)
2.3.6.1 China
2.3.6.2 India
2.3.6.3 Japan
2.3.6.4 South Korea
2.3.6.5 Rest-of-Asia-Pacific
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 DAIKIN INDUSTRIES, Ltd.
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share, 2022
3.2.2 LG Electronics
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.3 SAMSUNG ELECTRONICS CO., LTD.
3.2.3.1 Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.3.7 Market Share, 2022
3.2.4 Hitachi, Ltd.
3.2.4.1 Overview
3.2.4.2 Top Products/Product Portfolio
3.2.4.3 Top Competitors
3.2.4.4 Target Customers
3.2.4.5 Key Personnel
3.2.4.6 Analyst View
3.2.5 FUJITSU GENERAL
3.2.5.1 Overview
3.2.5.2 Top Products/Product Portfolio
3.2.5.3 Top Competitors
3.2.5.4 Target Customers
3.2.5.5 Key Personnel
3.2.5.6 Analyst View
3.2.6 Midea Group
3.2.6.1 Overview
3.2.6.2 Top Products/Product Portfolio
3.2.6.3 Top Competitors
3.2.6.4 Target Customers
3.2.6.5 Key Personnel
3.2.6.6 Analyst View
3.2.7 Mitsubishi Electric Corporation
3.2.7.1 Overview
3.2.7.2 Top Products/Product Portfolio
3.2.7.3 Top Competitors
3.2.7.4 Target Customers
3.2.7.5 Key Personnel
3.2.7.6 Analyst View
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
Table 1: Market Snapshot
Table 2: Heating Equipment Market, Opportunities
Table 3: Trends: Overview
Table 4: Heating Equipment Market (by Region), Thousand Units, 2022-2033
Table 5: Heating Equipment Market (by Region), $Million, 2022-2033
Table 6: Asia-Pacific Heating Equipment Market (by Application), Thousand Units, 2022-2033
Table 7: Asia-Pacific Heating Equipment Market (by Application), $Million, 2022-2033
Table 8: Asia-Pacific Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
Table 9: Asia-Pacific Heating Equipment Market (by Product Type), $Million, 2022-2033
Table 10: Asia-Pacific Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
Table 11: Asia-Pacific Heating Equipment Market (by Fuel Type), $Million, 2022-2033
Table 12: China Heating Equipment Market (by Application), Thousand Units, 2022-2033
Table 13: China Heating Equipment Market (by Application), $Million, 2022-2033
Table 14: China Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
Table 15: China Heating Equipment Market (by Product Type), $Million, 2022-2033
Table 16: China Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
Table 17: China Heating Equipment Market (by Fuel Type), $Million, 2022-2033
Table 18: India Heating Equipment Market (by Application), Thousand Units, 2022-2033
Table 19: India Heating Equipment Market (by Application), $Million, 2022-2033
Table 20: India Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
Table 21: India Heating Equipment Market (by Product Type), $Million, 2022-2033
Table 22: India Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
Table 23: India Heating Equipment Market (by Fuel Type), $Million, 2022-2033
Table 24: Japan Heating Equipment Market (by Application), Thousand Units, 2022-2033
Table 25: Japan Heating Equipment Market (by Application), $Million, 2022-2033
Table 26: Japan Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
Table 27: Japan Heating Equipment Market (by Product Type), $Million, 2022-2033
Table 28: Japan Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
Table 29: Japan Heating Equipment Market (by Fuel Type), $Million, 2022-2033
Table 30: South Korea Heating Equipment Market (by Application), Thousand Units, 2022-2033
Table 31: South Korea Heating Equipment Market (by Application), $Million, 2022-2033
Table 32: South Korea Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
Table 33: South Korea Heating Equipment Market (by Product Type), $Million, 2022-2033
Table 34: South Korea Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
Table 35: South Korea Heating Equipment Market (by Fuel Type), $Million, 2022-2033
Table 36: Rest-of-Asia-Pacific Heating Equipment Market (by Application), Thousand Units, 2022-2033
Table 37: Rest-of-Asia-Pacific Heating Equipment Market (by Application), $Million, 2022-2033
Table 38: Rest-of-Asia-Pacific Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
Table 39: Rest-of-Asia-Pacific Heating Equipment Market (by Product Type), $Million, 2022-2033
Table 40: Rest-of-Asia-Pacific Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
Table 41: Rest-of-Asia-Pacific Heating Equipment Market (by Fuel Type), $Million, 2022-2033
Figure 1: Region with Largest Share of Market, 2022, 2026, and 2033
Figure 2: Asia-Pacific Heating Equipment Market (by Application), 2022, 2026, and 2033
Figure 3: Asia-Pacific Heating Equipment Market (by Product Type), 2022, 2026, and 2033
Figure 4: Asia-Pacific Heating Equipment Market (by Fuel Type), 2022, 2026, and 2033
Figure 5: Heating Equipment Market, Recent Developments
Figure 6: Supply Chain and Risks within the Supply Chain
Figure 7: Value Chain Analysis
Figure 8: Patent Analysis (by Country), January 2020-December 2023
Figure 9: Patent Analysis (by Year), January 2020-December 2023
Figure 10: Impact Analysis of Market Navigating Factors, 2023-2033
Figure 11: Building construction and energy efficiency investments in 2019/2020
Figure 12: Annual Energy Cost (US$)
Figure 13: Crude Oil Prices ($/Barrel)
Figure 14: China Heating Equipment Market, $Million, 2022-2033
Figure 15: India Heating Equipment Market, $Million, 2022-2033
Figure 16: Japan Heating Equipment Market, $Million, 2022-2033
Figure 17: South Korea Heating Equipment Market, $Million, 2022-2033
Figure 18: Rest-of-Asia-Pacific Heating Equipment Market, $Million, 2022-2033
Figure 19: Strategic Initiatives, 2020-2023
Figure 20: Share of Strategic Initiatives
Figure 21: Data Triangulation
Figure 22: Top-Down and Bottom-Up Approach
Figure 23: Assumptions and Limitations
Asia-Pacific Heating Equipment Market Report Coverage
|
Asia-Pacific Heating Equipment Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$48.91 Billion |
|
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$95.85 Billion |
|
CAGR During Forecast Period |
6.96% |
|
|
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and heating equipment market penetration.
Some of the prominent names in this market are:
• DAIKIN INDUSTRIES, Ltd.
• LG Electronics
• SAMSUNG ELECTRONICS CO., LTD.
• Hitachi, Ltd.
• Midea Group
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the heating equipment products available in the market, which is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of sustainable heating equipment solutions. Therefore, the heating equipment business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The Asia-Pacific heating equipment market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: The key players in the Asia-Pacific heating equipment market analyzed and profiled in the study include heating equipment manufacturers. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Introduction to Asia-Pacific Heating Equipment Market
The Asia-Pacific heating equipment market is projected to reach $95.85 billion by 2033 from $48.91 billion in 2023, growing at a CAGR of 6.96% during the forecast period 2023-2033. The worldwide trend toward sustainability is influencing the APAC heating equipment market more and more, spurring investment in cutting-edge heating solutions. This encompasses both the increasing use of alternative technologies like heat pumps and solar heating as well as improvements to more conventional systems like boilers and furnaces. Regulations and incentives are being developed throughout the region to promote the use of high-efficiency heating systems as a result of the emphasis on environmental sustainability and energy efficiency.
Governments in APAC nations like China, South Korea, and Japan are aggressively putting policies into place to encourage the adoption of efficient heating systems and renewable energy sources. The demand for contemporary heating technology is further increased by programs like tax breaks and subsidies that are designed to improve energy efficiency and lower carbon footprints. As stricter energy regulations come into play, the adoption of energy-efficient systems is expected to accelerate, boosting the market for heating equipment in the APAC region.
Market Introduction
The Asia-Pacific (APAC) heating equipment market is expanding significantly due to rising demand for sustainable and energy-efficient products. APAC nations are making significant investments in modernizing heating technologies in response to the global movement to lower carbon emissions and increase energy efficiency. This covers the development of conventional systems like boilers and furnaces as well as the use of substitutes like heat pumps and solar heating.
Modern heating systems are becoming more and more necessary in major APAC economies like China, India, Japan, and South Korea due to rapid urbanization, industrial growth, and increased energy consumption. To encourage the use of energy-efficient heating solutions, governments throughout the region are putting strict laws and incentives into place. Initiatives such as Japan's energy-efficiency subsidies and China's Renewable Energy Law promote the adoption of low-emission heating solutions.
APAC's heating equipment market is also expanding as a result of the rise in smart city efforts and the construction of green buildings. Modern heating systems will likely be adopted more quickly as the region shifts to sustainable energy use, making the APAC heating equipment market a major contributor to the worldwide shift to sustainable energy solutions.
Market Segmentation
Segmentation 1: by Application
• Residential
• Commercial
• Industrial
Segmentation 2: by Product Type
• Heat Pumps
• Furnaces
• Boilers
• Others
Segmentation 3: by Fuel Type
• Natural Gas
• Oil
• Electricity
• Others
Segmentation 4: by Country
• Japan
• China
• India
• South Korea
• Rest-of-Asia-Pacific
Asia-Pacific Heating Equipment Market
Focus on Application, Product Type, Fuel Type, and Country - Analysis and Forecast, 2023-2033
Some Faq's
Frequently Asked Questions
The Asia-Pacific heating equipment market is projected to reach $95.85 billion by 2033 from $48.91 billion in 2023, growing at a CAGR of 6.96% during the forecast period 2023-2033.
The APAC Heating Equipment Market report is essential for industry stakeholders, including manufacturers, suppliers, and distributors of heating systems. It also benefits policymakers, investors, and researchers seeking insights into market trends, regulatory impacts, and technological advancements, enabling informed decisions in the evolving landscape of energy-efficient heating solutions.
The USP of the APAC Heating Equipment Market report lies in its comprehensive analysis of market trends, regulatory frameworks, and technological advancements. It provides actionable insights, competitive intelligence, and forecasts, empowering stakeholders to make informed decisions and capitalize on opportunities in the rapidly evolving energy-efficient heating solutions landscape.
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