Home > Industrial Machinery > HVAC > Heating and Cooling > Residential Heating Equipment Market

Residential Heating Equipment Market Share

Report ID: GMI10306
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Residential Heating Equipment Market Share

Europe Residential Heating Equipment Market Size, 2022 - 2032 (USD Billion)

Daikin Industries is one of the global leaders in air conditioning, heating, and refrigeration systems. The company has established itself as a pioneer in the HVAC industry offering a comprehensive range of residential heating solutions. Known for their innovation and commitment to sustainability, its systems include advanced heat pumps, air-to-water systems, and gas furnaces. These systems are designed to provide efficient, reliable, and environmentally friendly heating, catering to diverse climatic conditions and consumer needs. Daikin's focus on integrating cutting-edge technology, such as inverter-driven compressors and intelligent control systems, ensures optimal energy efficiency and user comfort.

Residential Heating Equipment Market Companies

The key industry players include:

A.O. Smith
Ariston Holding N.V.
Arovast Corporation
BDR Thermea Group
Bradford White Corporation
Carrier Corporation
Crane – USA
DAIKIN INDUSTRIES, Ltd.
Ferroli S.p.A
GE Appliances
Havells India Ltd.
Hoval
Johnson Control International
Lennox International Inc.
LG Electronics
Panasonic Corporation
Rheem Manufacturing Company
Rinnai America Corporation
Robert Bosch GmbH
SAMSUNG
Trane Technologies
Vaillant Group
VIESSMANN
Whirlpool

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of residential heating equipment was reached USD 168.9 billion in 2023 and is estimated to record a CAGR of 9% through 2032, backed by the increasing awareness of energy efficiency and environmental sustainability among consumers.

The heat pump residential heating equipment market segment is set to exceed USD 120 billion by 2032, owing to the growing investments in the green building infrastructure along with introduction of stringent energy building codes and standards.

Europe residential heating equipment market is set to surpass USD 160 billion by 2032, supported by favorable policies, technological advancements, and increasing demand for clean energy solutions owing to the region’s commitment to sustainability and decarbonization.

Bradford White Corporation, Carrier Corporation, Crane – USA, DAIKIN INDUSTRIES, Ltd., Ferroli S.p.A, GE Appliances, Havells India Ltd., Hoval, Johnson Control International, Lennox International Inc., and LG Electronics among others.