Market Overview:
The global central heating systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient heating systems, growing awareness about environment-friendly heating solutions, and rising investments in renewable energy sources. The global central heating systems market is segmented on the basis of type into oil heating, gas heating, electric heating, environmental heating, renewable Heating and infrared Heating. The electric Heating segment is expected to account for the largest share of the global central Heating Systems Market by type in 2018. This can be attributed to factors such as increasing demand for electrical appliances across residential and commercial applications and growing investments in smart grid infrastructure worldwide. However, gas-fired boilers are witnessing a resurgence due to their high efficiency levels as compared with other forms of fuel such as electricity or oil; this is likely to hamper the growth prospects of electric heaters during the forecast period. On basis application , personal use (residential) accounted for majority share followed by commercial offices & manufacturing plant . However , other application such as healthcare sector & educational institutes are projected register highest CAGR over next 10 years . North America held dominant position in 2017 with more than 35% revenue share followed by Europe .
Product Definition:
Central heating systems circulate warm air through a home's ductwork to provide whole-home comfort. They are an important part of wintertime preparations, as they help to keep occupants comfortable and can also help to lower energy bills.
Oil Heating:
Oil heating is the process of using oil as a source of energy to generate heat. It is one of the most common ways used for space and water heating in residential and commercial buildings. The growth factor in this market includes growing demand for natural gas, coal, wood or other renewable fuels which can be used with less environmental impact compared to oil. Another factor contributing towards growth includes fluctuating crude oil prices which affect the operating cost of equipment but not its efficiency.
Gas Heating:
Gas heating is the process in which gas is used to generate heat energy. It can be defined as a method of producing and distributing thermal energy from a central heating system by using one or more gas burners. The most common fuels used for this purpose are natural gas, propane, and fuel oil.
Application Insights:
The market is segmented on the basis of application into personal use, commercial offices, manufacturing plant and others. The residential sector accounted for a major share in 2016 owing to increasing demand for energy-efficient solutions that reduce greenhouse gas emissions. Central heating systems are widely used in residential applications as they provide comfortable temperature throughout the year without using additional energy.
Increasing awareness among consumers regarding environment protection has driven manufacturers to develop products with lower carbon footprint by focusing on efficiency and reliability. Furthermore, government initiatives such as eco-friendly product labeling are expected to drive demand over the forecast period due to consumer preference towards green heating solutions that do not harm environment in any way possible.
Manufacturing plants were estimated as one of the largest application segments owing to high reliability requirements from various industries including chemical, petrochemical and pharmaceuticals across regions worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing requirement for space heating solutions. Furthermore, rising disposable income levels and growing population have spurred demand from residential as well as commercial sectors.
The European regional market accounted for a significant share of revenue in 2017 owing to high investments made by governments towards energy efficiency initiatives and technological advancements associated with central heating systems. Moreover, stringent government regulations regarding carbon emissions are anticipated to drive product adoption across this region over the forecast period.
Growth Factors:
- Rising demand for energy-efficient heating systems
- Increasing awareness about the benefits of central heating systems
- Growing popularity of smart home technologies
- Proliferation of internet-of-things (IoT) devices
- Rapid urbanization and growing construction activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Central Heating Systems Market Research Report
By Type
Oil Heating, Gas Heating, Electric Heating, Environmental Heating, Renewable Heating, Infrared Heating, Others
By Application
Personal Use (Residential), Commercial Offices, Manufacturing Plant, Others
By Companies
Tekla Corporation, Shinryo Corporation, Wolf GmbH, KELAG Wärme GmbH, DC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Keppel DHCS Pte. Ltd, Ramboll Group A/S, Logstor A/S, Emirates District Cooling LLC (Emicool), Tekla Corporation, Emirates National Central Cooling Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Central Heating Systems Market Report Segments:
The global Central Heating Systems market is segmented on the basis of:
Types
Oil Heating, Gas Heating, Electric Heating, Environmental Heating, Renewable Heating, Infrared Heating, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use (Residential), Commercial Offices, Manufacturing Plant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tekla Corporation
- Shinryo Corporation
- Wolf GmbH
- KELAG Wärme GmbH
- DC Energy Systems LLC
- Emirates Central Cooling Systems Corporation (EMPOWER)
- Keppel DHCS Pte. Ltd
- Ramboll Group A/S
- Logstor A/S
- Emirates District Cooling LLC (Emicool)
- Tekla Corporation
- Emirates National Central Cooling Company
Highlights of The Central Heating Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oil Heating
- Gas Heating
- Electric Heating
- Environmental Heating
- Renewable Heating
- Infrared Heating
- Others
- By Application:
- Personal Use (Residential)
- Commercial Offices
- Manufacturing Plant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Central Heating Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Central heating systems are a type of heating system that uses heat from a furnace, boiler, or hot water tank to warm the air in an enclosed space.
Some of the major companies in the central heating systems market are Tekla Corporation, Shinryo Corporation, Wolf GmbH, KELAG W¤rme GmbH, DC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Keppel DHCS Pte. Ltd, Ramboll Group A/S, Logstor A/S, Emirates District Cooling LLC (Emicool), Tekla Corporation, Emirates National Central Cooling Company.
The central heating systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Central Heating Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Central Heating Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Central Heating Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Central Heating Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Central Heating Systems Market Size & Forecast, 2020-2028
4.5.1 Central Heating Systems Market Size and Y-o-Y Growth
4.5.2 Central Heating Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Oil Heating
5.2.2 Gas Heating
5.2.3 Electric Heating
5.2.4 Environmental Heating
5.2.5 Renewable Heating
5.2.6 Infrared Heating
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Personal Use (Residential)
6.2.2 Commercial Offices
6.2.3 Manufacturing Plant
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Central Heating Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Central Heating Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Oil Heating
9.6.2 Gas Heating
9.6.3 Electric Heating
9.6.4 Environmental Heating
9.6.5 Renewable Heating
9.6.6 Infrared Heating
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Personal Use (Residential)
9.10.2 Commercial Offices
9.10.3 Manufacturing Plant
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Oil Heating
10.6.2 Gas Heating
10.6.3 Electric Heating
10.6.4 Environmental Heating
10.6.5 Renewable Heating
10.6.6 Infrared Heating
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Personal Use (Residential)
10.10.2 Commercial Offices
10.10.3 Manufacturing Plant
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Oil Heating
11.6.2 Gas Heating
11.6.3 Electric Heating
11.6.4 Environmental Heating
11.6.5 Renewable Heating
11.6.6 Infrared Heating
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Personal Use (Residential)
11.10.2 Commercial Offices
11.10.3 Manufacturing Plant
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Oil Heating
12.6.2 Gas Heating
12.6.3 Electric Heating
12.6.4 Environmental Heating
12.6.5 Renewable Heating
12.6.6 Infrared Heating
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Personal Use (Residential)
12.10.2 Commercial Offices
12.10.3 Manufacturing Plant
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Oil Heating
13.6.2 Gas Heating
13.6.3 Electric Heating
13.6.4 Environmental Heating
13.6.5 Renewable Heating
13.6.6 Infrared Heating
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Personal Use (Residential)
13.10.2 Commercial Offices
13.10.3 Manufacturing Plant
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Central Heating Systems Market: Competitive Dashboard
14.2 Global Central Heating Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tekla Corporation
14.3.2 Shinryo Corporation
14.3.3 Wolf GmbH
14.3.4 KELAG Wärme GmbH
14.3.5 DC Energy Systems LLC
14.3.6 Emirates Central Cooling Systems Corporation (EMPOWER)
14.3.7 Keppel DHCS Pte. Ltd
14.3.8 Ramboll Group A/S
14.3.9 Logstor A/S
14.3.10 Emirates District Cooling LLC (Emicool)
14.3.11 Tekla Corporation
14.3.12 Emirates National Central Cooling Company
