Global Heating Equipment Market Size & Outlook, 2022-2030
The heating equipment industry worldwide is expected to reach a projected revenue of US$ 216,296.4 million by 2030. A compound annual growth rate of 7.7% is expected of the worldwide heating equipment industry from 2023 to 2030.
Revenue, 2022 (US$M)
$119,691.5
Forecast, 2030 (US$M)
$216,296.4
CAGR, 2023 - 2030
7.7%
Report Coverage
Worldwide
Global heating equipment market, 2018-2030 (US$M)
Global heating equipment market highlights
- The global heating equipment market generated a revenue of USD 119,691.5 million in 2022 and is expected to reach USD 216,296.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.7% by 2030.
- In terms of segment, heat pump accounted for a revenue of USD 119,691.5 million in 2022.
- Heat Pump is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
Global data book summary
| Market revenue in 2022 | USD 119,691.5 million |
| Market revenue in 2030 | USD 216,296.4 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump |
Other key industry trends
- In terms of revenue, the North America accounted for 22.8% of the global heating equipment market in 2022.
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Heating Equipment Market Scope
Heating equipment market segmentation & scope
Application
Residential
Commercial
Industrial
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Heating Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global heating equipment market size, by regions, 2018-2030 (US$M)
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