South Korea Space Heating Boilers Market Size & Outlook
South Korea space heating boilers market, -2030 (US$M)
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South Korea space heating boilers market highlights
- The South Korea space heating boilers market generated a revenue of USD 605.0 million in 2022 and is expected to reach USD 834.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.1% from 2023 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2022.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Space heating boilers market data book summary
| Market revenue in 2022 | USD 605.0 million |
| Market revenue in 2030 | USD 834.2 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial |
| Key market players worldwide | Ingersoll Rand Inc, Daikin Industries Ltd, Lennox International Inc, Viessmann, TerraVest Industries Inc, AAON Inc, Mitsubishi Electric Corp, A.O. Smith Corp, Vaillant Group, BDR Thermea Group, Navient Corp, Rheem Manufacturing, Ariston Group, Superior Boiler, Ideal Heating, Baxi, Biasi UK |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global space heating boilers market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China space heating boilers market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,994.1 million by 2030.
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Space Heating Boilers Market Scope
Space Heating Boilers Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea space heating boilers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to space heating boilers market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 52.69% in 2022. Horizon Databook has segmented the South Korea space heating boilers market based on residential, commercial covering the revenue growth of each sub-segment from to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea space heating boilers market , including forecasts for subscribers. This country databook contains high-level insights into South Korea space heating boilers market from to 2030, including revenue numbers, major trends, and company profiles.
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South Korea Space Heating Boilers Market Outlook Share, 2022 & 2030 (US$M)
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