Heating Equipment Market Size, Share & Industry Analysis, By Product Type (Boilers, Heat Pumps, Furnaces, and Unit Heaters), By Fuel Type (Oil, Natural Gas, Electricity, Biomass, and Others), By Application (Residential, Commercial, and Industrial), and Regional Forecast, 2025 – 2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2024

Estimated Year

2025

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of 5.8% from 2025 to 2032

Unit

Value (USD Billion)

Segmentation

By Product Type

• Boilers
• Heat Pumps
• Furnaces
• Unit Heaters

By Fuel Type

• Oil
• Natural gas
• Electricity
• Biomass
• Others (Coal, etc.)

By Application

• Residential
• Commercial
• Industrial
  • Food and Beverages
  • Oil and Gas
  • Energy and Power
  • Chemicals and Petrochemicals
  • Others (Textiles, etc.)

By Region

• North America (By Product Type, Fuel Type, Application, and Country)
  • U.S. (By Product Type)
  • Canada (By Product Type)
  • Mexico (By Product Type)
• South America (By Product Type, Fuel Type, Application, and Country)
  • Brazil (By Product Type)
  • Argentina(By Product Type)
  • Rest of South America
• Europe (By Product Type, Fuel Type, Application, and Country)
  • U.K. (By Product Type)
  • Germany (By Product Type)
  • France (By Product Type)
  • Italy (By Product Type)
  • Spain (By Product Type)
  • Nordics (By Product Type)
  • Benelux (By Product Type)
  • Russia (By Product Type)
  • Rest of Europe
• Asia Pacific (By Product Type, Fuel Type, Application, and Country)
  • China (By Product Type)
  • India (By Product Type)
  • Japan (By Product Type)
  • South Korea (By Product Type)
  • ASEAN (By Product Type)
  • Rest of APAC
• Middle East & Africa (By Product Type, Fuel Type, Application, and Country)
  • GCC (By Product Type)
  • South Africa (By Product Type)
  • Rest of MEA

Companies Profiled in the Report

Johnson Controls Inc (Ireland), Midea Group (China), Carrier (U.S.), Trane Technologies (Ireland), Robert Bosch (Germany), Panasonic Holdings Corporation (Japan), Mitsubishi Electric Corporation (Japan), Danfoss (Denmark), Siemens AG (Germany), and Daikin Industries Ltd (Japan)