North America Heating Equipment Market Size & Outlook
The heating equipment market in North America is expected to reach a projected revenue of US$ 49,963.8 million by 2030. A compound annual growth rate of 7.9% is expected of North America heating equipment market from 2023 to 2030.
Revenue, 2022 (US$M)
$27,267.5
Forecast, 2030 (US$M)
$49,963.8
CAGR, 2023 - 2030
7.9%
Report Coverage
North America
North America heating equipment market, 2018-2030 (US$M)
North America heating equipment market highlights
- The North America heating equipment market generated a revenue of USD 27,267.5 million in 2022.
- The market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, heat pump was the largest revenue generating product in 2022.
- Heat Pump is the most lucrative product segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2022 | USD 27,267.5 million |
| Market revenue in 2030 | USD 49,963.8 million |
| Growth rate | 7.9% (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, North America region accounted for 22.8% of the global heating equipment market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 96,676.2 million by 2030.
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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 |
|---|
North America heating equipment market
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