How has the warm air heating equipment market evolved, and where is it heading next?
The warm air heating equipment market size has grown strongly in recent years. It will grow from $128.87 billion in 2024 to $138.54 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. 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 $172.67 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. 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.
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What are the key drivers behind the rapid expansion of the warm air heating equipment market?
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.
What is the segmentation for the warm air heating equipment market?
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
Subsegments:
1) By Dehumidifiers: Refrigerant Dehumidifiers, Desiccant Dehumidifiers, Thermoelectric Dehumidifiers
2) By Heat Pumps: Air Source Heat Pumps, Ground Source Heat Pumps, Water Source Heat Pumps
3) By Humidifying Equipment: Steam Humidifiers, Evaporative Humidifiers, Impeller Humidifiers, Ultrasonic Humidifiers
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Who are the most influential companies in the warm air heating equipment market?
Major companies operating in the warm air heating equipment market include Danfoss, Daikin, Mitsubishi Electric Corporation, WOLF GmbH, Johnson Controls Inc., Honeywell International Inc., Haier Group (China), Hitachi Appliances Inc. (Japan), Viessmann Werke GmbH & Co. KG, Bosch Thermotechnology, Carrier, Lucky Goldstar Electronics, NIBE Group, Lennox International Inc., Trane Technologies plc, Rheem Manufacturing Company, Goodman Manufacturing Company L.P., Fujitsu General Limited, Samsung Electronics Co. Ltd., Nortek Global HVAC LLC, Modine Manufacturing Company, Amana Corporation, Bryant Heating & Cooling Systems, American Standard Companies Inc., Armstrong Air Conditioning Inc., Broan-NuTone LLC, Burnham Holdings Inc., ClimateMaster Inc., Dunkirk Boilers, ECR International Inc., Friedrich Air Conditioning Co. Ltd., Heat Controller Inc., Heil Heating & Cooling Products, International Comfort Products LLC
Which market trends are set to define the future of the warm air heating equipment market?
Companies are concentrating on developing smart devices to meet the requirements of the newly connected smart offices and homes. Homes and companies around the world are moving toward connected devices and industry players are engaged in developing smart devices, which enable optimized connectivity and preventive maintenance. For instance, in June 2022, Trane Technologies (NYSE), a US-based company that offers warm heating equipment, launched the Ascend Air-to-Water Heat Pump Model ACX, marking the first air-to-water pump solution in its portfolio that offers both electric heating and cooling. This innovation provides building owners a pathway to decarbonization through electrification. This product offers advanced energy efficiency and is designed to integrate seamlessly into existing systems, thus reducing reliance on fossil fuels while enhancing environmental sustainability. The heat pump’s design allows for effective operation in various climates, further supporting its adaptability and efficiency. Trane’s commitment to sustainability is also evident in its new generation of Precedent rooftop units, which aim to enhance performance while consolidating legacy systems for improved operational efficiency.
How do regional factors impact the warm air heating equipment market, and which region is the largest contributor?
Asia-Pacific was the largest region in the warm air heating equipment market in 2023. North America was the second largest region in the warm air heating equipment market analysis. The regions covered in the warm air heating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Warm Air Heating Equipment Market Report 2025 Offer?
The warm air heating equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The warm air heating equipment refer to equipment that produce warm air to provide space heating for warehouses, retail sheds, sports centers, factories, and other buildings containing similarly large spaces.
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