Market Overview:
The global home heating equipment market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for energy-efficient and environment-friendly heating solutions across the globe. In addition, the growing awareness about health and safety issues has led to an increase in demand for wall hung gas boilers and electric boilers, which are more efficient than traditional heating solutions. Geographically, North America is expected to lead the global home heating equipment market during the forecast period followed by Europe and Asia Pacific. The growth in these regions can be attributed to factors such as rising consumer awareness about energy efficiency, stringent government regulations with respect to emissions from residential buildings, and increasing disposable income of consumers.
Product Definition:
Home heating equipment is a system or device used to provide heat within a building or home. The most common types of home heating equipment include furnaces, boilers, and space heaters. Home heating equipment is important because it helps to maintain a comfortable temperature in the home and can help reduce energy costs.
Wall Hung Gas Boilers:
The wall-hung gas boilers are used for space heating in residential and commercial buildings. They are also used for water heating in industrial plants, hospitals, schools, hotels and other large institutions. The growth factor of the product is that it can be easily installed on any type of building structure; it does not require any special foundation or concrete base like the floor-mounted boilers do.
Wall Hung Electric Boilers:
Wall-hung electric boilers are used in home heating equipment. They are small water boilers that operate on electricity and can be mounted on the wall of a building or room. The boiler is made up of different parts including the tank, control panel, pipe fittings, and a cover. It works by generating steam which drives an electric motor connected to the house’s electrical system which provides heat to homes through radiators or underfloor heating systems.
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017. The rising number of nuclear families in developing countries including India and China is expected to remain a favorable factor for the industry growth over the forecast period. Furthermore, government initiatives promoting energy-efficient products are likely to result in increased demand for gas boilers among residential consumers, which will further fuel market growth during the study period.
Commercial applications include hotels, hospitals and care homes as well as educational institutions such as schools and colleges. Increasing investments by commercial builders to develop facilities that are compatible with renewable sources of energy including solar heating systems is projected to drive product demand from 2030 onward.
Regional Analysis:
Europe dominated the global market in 2017 owing to high demand for energy-efficient heating equipment. The region is expected to witness a CAGR of XX% over the forecast period, on account of rising demand for eco-friendly and economical products with superior performance.
Asia Pacific is projected to be one of the fastest growing regional markets from 2018 to 2030 due its rapidly expanding residential sector and increasing disposable income levels among consumers.
North America accounted for more than 25% share in 2017 owing to early adoption by countries such as Canada and U.S., which has resulted into higher sales volumes across these regions during recent years However; slow economic growth along with limited replacement rate may hinder future growth prospects in U.S.
Growth Factors:
- Increasing demand for energy-efficient heating equipment
- Rising popularity of smart home technology
- Growing awareness about the benefits of using home heating equipment
- Proliferation of online retail platforms that offer discounts on home heating equipment
- Increased spending on residential construction projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Heating Equipment Market Research Report
By Type
Wall Hung Gas Boilers, Wall Hung Electric Boilers
By Application
Residendital, Commercial
By Companies
Vaillant, Beretta, BOSCH, BDR Thermea Group, Ariston, Viessmann, Thermona, FERROLI, Immergas, Fondital, ESIN Thermo Group, Rinnai, Squirrel (Devotion), Vanward, Macro, Dynasty, KD Navien, Haydn
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Home Heating Equipment Market Report Segments:
The global Home Heating Equipment market is segmented on the basis of:
Types
Wall Hung Gas Boilers, Wall Hung Electric Boilers
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
Residendital, Commercial
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:
- Vaillant
- Beretta
- BOSCH
- BDR Thermea Group
- Ariston
- Viessmann
- Thermona
- FERROLI
- Immergas
- Fondital
- ESIN Thermo Group
- Rinnai
- Squirrel (Devotion)
- Vanward
- Macro
- Dynasty
- KD Navien
- Haydn
Highlights of The Home Heating Equipment 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:
- Wall Hung Gas Boilers
- Wall Hung Electric Boilers
- By Application:
- Residendital
- Commercial
- 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 Home Heating Equipment 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?
Home heating equipment is a device used to heat the interior of a building. Common types of home heating equipment include furnaces, boilers, and air conditioners.
Some of the major companies in the home heating equipment market are Vaillant, Beretta, BOSCH, BDR Thermea Group, Ariston, Viessmann, Thermona, FERROLI, Immergas, Fondital, ESIN Thermo Group, Rinnai, Squirrel (Devotion), Vanward, Macro, Dynasty, KD Navien, Haydn.
The home heating equipment 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 Home Heating Equipment 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 Home Heating Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Heating Equipment 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 Home Heating Equipment 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 Home Heating Equipment Market Size & Forecast, 2020-2028
4.5.1 Home Heating Equipment Market Size and Y-o-Y Growth
4.5.2 Home Heating Equipment 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 Wall Hung Gas Boilers
5.2.2 Wall Hung Electric Boilers
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 Residendital
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Heating Equipment 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 Home Heating Equipment 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 Wall Hung Gas Boilers
9.6.2 Wall Hung Electric Boilers
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 Residendital
9.10.2 Commercial
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 Wall Hung Gas Boilers
10.6.2 Wall Hung Electric Boilers
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 Residendital
10.10.2 Commercial
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 Wall Hung Gas Boilers
11.6.2 Wall Hung Electric Boilers
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 Residendital
11.10.2 Commercial
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 Wall Hung Gas Boilers
12.6.2 Wall Hung Electric Boilers
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 Residendital
12.10.2 Commercial
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 Wall Hung Gas Boilers
13.6.2 Wall Hung Electric Boilers
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 Residendital
13.10.2 Commercial
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 Home Heating Equipment Market: Competitive Dashboard
14.2 Global Home Heating Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vaillant
14.3.2 Beretta
14.3.3 BOSCH
14.3.4 BDR Thermea Group
14.3.5 Ariston
14.3.6 Viessmann
14.3.7 Thermona
14.3.8 FERROLI
14.3.9 Immergas
14.3.10 Fondital
14.3.11 ESIN Thermo Group
14.3.12 Rinnai
14.3.13 Squirrel (Devotion)
14.3.14 Vanward
14.3.15 Macro
14.3.16 Dynasty
14.3.17 KD Navien
14.3.18 Haydn
