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Residential Heating Equipment Market Share
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
Why is heat pump technology in residential heating equipment market witnessing high demand?
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.
What is the size of the global residential heating equipment market?
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.
How big is Europe residential heating equipment industry?
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
Which are the main contenders in residential heating equipment market?
Bradford White Corporation, Carrier Corporation, Crane