Air Heating appliances are used to maintain an appropriate temperature at a desired level, by using thermal energy. These appliances are components used in the heating system. There is a rise in demand for energy efficient heating equipment in the market. This requirement has led to technological development ofthe mechanical systems, which could give the desired heating of the environment and also fulfil the need of cost efficiency.
Space heating appliances and water heating appliances are mostly found in residential and commercial applications. Mostly small space heating appliances are used in residential buildings. Water heating appliances are used in large commercial buildings where outside air is restricted and temperature inside the building needs to be maintained at a certain level. The heating equipment market is dependent on various standards of buildings. ISO for instance is an environmental standard, which must be considered while installing heating equipment in the buildings. Space heating and water heating appliances not only operate on electric power, but also use solar energy gas, and oil. The efficiency of the heating system is often increased by using residual heat from the exhaust for preheating or heating up low grade appliances. Water heating efficiency is important in heavy industries, which depends on pumps, heat exchangers, pipe insulations, and radiators. Heating equipment manufacturing companies focus on technological developments, which are energy saving and reduce their dependency on fossil fuels. Asia-Pacific has a huge market for solar based energy appliances. India and China have many heavy manufacturing industries, which use these furnaces and boilers. Extreme cold weather regions in Europe, which include Germany, the UK, parts of Russia, and similar cities in the U.S. like Alaska and Seattle have the largest market share for heat pumps and unitary heaters. However, there is a rise in need of boilers and furnaces in the U.S. as well, which in turn is expected to boost the market growth.
Rise in need of installation of energy efficient heating appliances in residential as well as commercial buildings is the primary factor that drives the growth of heating equipment in the global market. Increase in industrialization has led to surge in demand for heating equipment in various industries like mining and power generation. Increase in energy bills and strict regulations considering the environmental norms have enforced various commercial organizations and industries to install heating equipment in their operating areas. In addition, surgein demand for remote access control systems, which are easy to operate fosters the growth in investments of the market by the commercial, industrial, and residential end users. This growth in investments of the market has led to development of advanced heating equipment that has various sensors and that can be operated from remote locations. Development in infrastructure of residential, commercial, and industrial buildings has also increased the demand for heating equipment in the market. However, the market has increased competency among various market players such as Ingersoll-Rand, United Technologies, and Johnson Controlsowing to lack of product type differentiation depending on the working principle and features amongst their product types. This factor limits the growth of the heating equipment market. Also, duplication of the existing products and substitutes in the local market hampers the growth of the market to an extent. However, the increase in investments have led to research of more advanced technology with an objective to develop distinct products such as room heaters and boilers. Trend shows that these factors are expected to fuel the growth ofthe air heating appliance market during the forecast period. Increase in government initiative in terms of improving the energy efficiency in various industries such as power, mining, and automotive is a major factor expected to fuel the market growth in near future.
The air heating appliance market is segmented into product type, fuel type, end user and region. By product type, it is bifurcated as space heating appliance and water heating appliance. By fuel type, it is differentiated by gas powered heating appliance, oil powered heating appliance, electricity powered heating appliance and solar energy heating appliance. By end user, it is categorized intoindustrial, commercial and residential. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players in the air heating appliances market are Daikin Industries, Ingersoll-Rand, United Technologies, Johnson Controls, Danfoss, Vaillant Group, Alfa Laval,Lennox International, Robert Bosch, and GE Steam Power.
Key Benefits for Stakeholders
The study provides an in-depth analysis of the current & future trendsof the air heating appliance market to elucidate imminent investment pockets.
Information about key drivers, restraints, opportunities, and their impact analysis on the market has been provided.
Porter’s five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
The quantitative analysis of the air heating appliance market from 2020 to 2027 has been provided to determine the market potential.
Key Market Segments
By Product Type
- Space Heating Appliance
- Water Heating Appliance
By Fuel Type
- Gas Powered Heating Appliance
- Oil Powered Heating Appliance
- Electricity Powered Heating Appliance
- Solar Energy Powered Heating Appliance.
By End User
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- The Middle East
Key Market Players
- Daikin Industries
- Lennox International
- Robert Bosch
- United Technologies
- Johnson Controls
- Vaillant Group
- Alfa Laval
- GE Steam Power.