Warm Air Heating Equipment Market Size, Share, Trends, Growth, and Industry Analysis, By Product Type (Heat Pumps and Humidifying Equipment), By Fuel Type (Electric Powered, Gas-Powered, Hybrid, and Solar Powered), By Application (Air to Air and Air to Water), By Implementation (New Construction and Maintenance), By End-User Industry (Residential, Commercial, and Industrial), By Business Type (Original Equipment Manufacturer (OEM) and Aftermarket), Regional Insights and Forecast to 2031

The Global Warm Air Heating Equipment Market ,size was valued at USD 136 billion and is estimated to reach USD 195.26 billion by 2031 and is expected to be growing at a CAGR of 7.5 % throughout the forecast period.

Econ Market Research&rsquo,s report on Warm Air Heating Equipment studies the past and current opportunities of growth and trends to get a clear picture of the growth indicators of the market for the forecast period 2023 to 2031. The report also offers the revenue generated by the Warm Air Heating Equipment market considering 2021 as the historical year, 2022 as the base year, and 2031 as the forecast year. The report also consists of the compound annual growth rate (CAGR) for the Warm Air Heating Equipment market over the forecast period.

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The global warm air heating equipment market is experiencing significant growth and will grow considerably in the next few years. Warm air heating equipment is extensively used to keep the interior space of a building comfortable for its occupants. In temperate and cold zones of the earth, the use of warm air heating equipment is a necessity. thus being a key driver in the growth of the warm air heating equipment market throughout the forecast period. The warm air heating equipment is available in a wide range of varieties with respect to size, capacity, and fuel used, which increases its application and makes it suitable in various conditions. The warm air heating equipment is used in industries and warehouses as well, which further positively influences the growth of the market for warm air heating equipment.

COVID-19 Impact analysis

The COVID-19 pandemic has shut down the production of various products in the warm air heating equipment industry, which has been attributed to the lockdown in countries worldwide. This has hampered the growth of the market in the last few months and is likely to continue in 2021. COVID-19 had affected the sales of warm air heating equipment in the second quarter of 2020, as the demand witnessed a steep decline due to restrictions in construction activities. Major players in the real estate industry decreased the construction of residential and commercial buildings in the wake of reduced demand due to COVID-19.

Warm Air Heating Equipment Market REPORT SCOPE &, SEGMENTATION

Top Impacting Factors

Heating equipment is a necessity in cold regions, and the exponential increase in demand during the winter season is the major driver of the growth of the warm air heating equipment market. Mode warm air heating equipment has a faster warm-up time and heats the required space quickly, this equipment also eliminates the need for radiators, which increases the usable space in the room, which further increases its desirability for the users. Warm air equipment is renowned for its silent operations, thus not causing any hindrance to the user. Mode warm air heating equipment provides electronic controls such as thermostats and can also filter up to 95% of airbo e particles, further increasing its demand. The high initial cost of installation of a warm air heating system and its inability to heat domestic water are the major restraints on the growth of the warm air heating equipment market. The increasing initiative by gove ments towards the decarbonization of the environment and the advancements in efficiency of warm air heating equipment will ensure steady growth of the warm air heating equipment market throughout the forecast period.

Market Trends

NIBE Group, a Sweden-based company that develops intelligent and energy-efficient indoor comfort solutions for all kinds of building spaces, acquired WATERKOTTE GmbH, a Germany-based manufacturer of advanced heat pump systems. This acquisition is predicted to increase the footprint of NIBE Group in the European heat pump market.

The key players in the industry are committed to developing smart devices with improved connectivity. For instance, in October 2020, Daikin Applied expanded its portfolio of Smart Source, which are compact heat pumps that provide a broader range of applications, making them ideal for new construction and retrofit projects with a limited budget.

Development of more efficient products that contribute to the decarbonization of the environment and are eligible for grants and subsidies provided by various gove ments is another strategy adopted by the leading players in the industry.

Daikin, a global HVAC manufacturer, has expressed its support for Europe&rsquo,s Green Deal and believes that constant innovations in heat pump technology will help decarbonize Europe by 2050.

Regional Analysis

The Asia-Pacific was the largest region in the warm air heating equipment market in 2022. North America was the second-largest region in the global market for warm air heating equipment. The regions covered in the global warm air heating equipment market report are Asia-Pacific, Weste Europe, Easte Europe, North America, South America, the Middle East, and Africa.

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Competitive Landscape

The report provides a competitive landscape on both the quantitative and qualitative research of the market for warm air heating equipment. The report also provides detailed insights on the development methods used by the key market players. The report offers deep research on the key market players and details on the competitiveness of these players. The main business strategies used by these players, such as mergers and acquisitions (M&,A), collaborations, affiliations, and contracts, are also discussed and analysed in the report. For each competitor, the report studies their global presence, service offerings, competitors, and specifications. The main players covered by the study on the global warm air heating equipment market are:

• Danfoss
• Daikin Industries, Ltd.
• Honeywell Inte ational Inc.
• Mitsubishi Electric Corporation
• Hitachi Appliances, Inc.
• Johnson Controls Inc.
• Haier Group
• Bosch Thermotechnik GmbH
• NIBE Group
• AB Electrolux

Key Benefits of the Report

• This study presents an analytical depiction of the warm air heating equipment industry along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to market key drivers, restraints, and opportunities, along with detailed analysis of the warm air heating equipment market share.
• The current market is quantitatively analysed to highlight the warm air heating equipment market',s growth scenario.
• Porter',s five forces research demonstrates the market power of suppliers and buyers.
• The report provides a detailed warm air heating equipment market analysis based on competitive intensity and how the competition will take shape in the coming years.

Warm Air Heating Equipment Market Report Segmentation

Customization Scope

• Available upon request

Pricing

• Available upon request