Categories: Market Research

Warm Air Heating Equipment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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 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

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

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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31. Global Warm Air Heating Equipment Market Competitive Benchmarking

32. Global Warm Air Heating Equipment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Warm Air Heating Equipment Market

34. Warm Air Heating Equipment Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players: