North America Heating Equipment Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Heat pumps, Furnaces, Boilers, and Unitary Heaters) and End-user (Residential, Commercial, and Industrial)

TIPRE00016097 | Pages: 96 | Electronics and Semiconductor | Nov 2020 | Type: Regional | Status: Published

The North America heating equipment market was valued at US$ 7,610.8 million in 2019 and is projected to reach US$ 11,839.8 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. The changing climate has led to an increase in demand for electrical cooling systems in summer and natural gas, fuel oil, wood and electrical heating equipment in winter. In addition, climate change damages the energy use of buildings and affects air conditioning loads that vary depending on the ambient temperature and humidity. In the US, the energy efficiency of heating equipment is expected to improve with the introduction of new government regulations. This provides the key to the smart heating equipment market for most modern building heating and air conditioning units.

 

Manufacturing and supply chains have been disrupted by a lockdown and bans on transport in many countries. There has been economic stagnation and uncertainty in the manufacturing sector. In addition, school and workplace closures also reduced the commercial demand for heating appliances.. However, major growth is expected over the next few years from the efforts of key players in product creation and innovation.

 

North America Heating Equipment Market Segmentation

 

North America Heating Equipment Market – by Product

  • Heat pumps
  • Furnaces
  • Boilers
  • Unitary Heaters

North America Heating Equipment Marketby End user

  • Residential
  • Commercial
  • Industrial

North America Heating Equipment Market – by Country

  • US
  • Canada
  • Mexico

North America Heating Equipment Market – Companies Mentioned

  • Carrier Global Corporation
  • Daikin Industries, Ltd.
  • Danfoss
  • Emerson Electric Co.
  • Haier Group Corporation
  • Johnson Controls, Inc.
  • Lennox International, Inc.
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Trane Technologies

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Heating Equipment Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Heating Equipment Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Rise in Demand for Heating Equipment in Diverse Sectors

5.1.2        Increase in Demand for Air Conditioning in U.S.

5.2         Market Restraints

5.2.1        High Installation and Maintenance Cost

5.3         Market Opportunities

5.3.1        Increase in Research and Development by Companies

5.4         Future Trends

5.4.1        Rising Need for Energy-Efficient Equipment and Compliance with Various Regulations Set by Governments

5.5         Impact Analysis of Drivers and Restraints

6.           Heating Equipment Market– North America Analysis

6.1         North America Market Overview

6.2         North America Heating Equipment Market Forecast and Analysis

6.3         Market Positioning

7.           Heating Equipment Market Analysis – By Product

7.1         Overview

7.2         Heating Equipment Market Revenue Share, by Product (2019 and 2027)

7.2.1        Overview

7.2.2        Heat Pumps: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

7.3         Furnaces

7.3.1        Overview

7.3.2        Furnaces: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Boilers

7.4.1        Overview

7.4.2        Boilers: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Unitary Heaters

7.5.1        Overview

7.5.2        Unitary Heaters: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

8.           Heating Equipment Market Analysis – By End User

8.1         Overview

8.2         Heating Equipment Market Share, by End Users, 2019 and 2027, (%)

8.3         Residential

8.3.1        Overview

8.3.2        Residential: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Commercial

8.4.1        Overview

8.4.2        Commercial: Heating Equipment market – Revenue and Forecast to 2027 (US$ Million)

8.5         Industrial

8.5.1        Overview

8.5.2        Industrial: Heating Equipment market – Revenue and Forecast to 2027 (US$ Million)

9.           North America Heating Equipment Market Analysis –By Countries

9.1.1        North America: Heating Equipment Market, By Country

9.1.1.1          US: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          US: Heating Equipment Market, by Product

9.1.1.1.2          US: Heating Equipment Market, by End User

9.1.1.2          Canada: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Canada: Heating Equipment Market, by Product

9.1.1.2.2          Canada: Heating Equipment Market, by End User

9.1.1.3          Mexico: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Mexico: Heating Equipment Market, by Product

9.1.1.3.2          Mexico: Heating Equipment Market, by End User

10.        Impact of Covid-19 Pandemic On North America Heating Equipment Market

10.1      North America Countries: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Key Company Profiles

12.1      Carrier Global Corporation

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      DAIKIN INDUSTRIES, Ltd.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Danfoss A/S

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Emerson Electric Co.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Robert Bosch GmbH

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Haier Group Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Johnson Controls, plc

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Panasonic Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Trane Technologies plc

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   LG Electronics

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word of Index

LIST OF TABLES

Table 1.             North America Heating Equipment Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.             US: Heating Equipment Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 3.             US: Heating Equipment Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Canada: Heating Equipment Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada: Heating Equipment Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Mexico: Heating Equipment Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Mexico: Heating Equipment Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Glossary of Terms

LIST OF FIGURES

Figure 1.           North America Heating Equipment Market Segmentation

Figure 2.           North America Heating Equipment Market - Country Analysis

Figure 3.           North America Heating Equipment Market Overview

Figure 4.           Furnaces segment to witness high CAGR during the forecast period - By Product

Figure 5.           Residential segment to witness high CAGR during the forecast period - By End User

Figure 6.           North America Heating Equipment Market: PEST Analysis

Figure 7.           North America Heating Equipment Market Ecosystem Analysis

Figure 8.           North America Heating Equipment Market- Expert Opinion

Figure 9.           North America Heating Equipment Market Impact Analysis of Drivers and Restraints

Figure 11.        North America Heating Equipment Market Forecast and Analysis to 2027

Figure 12.        Heating Equipment Market Revenue Share, by Product (2019 and 2027)

Figure 13.        Heat Pumps: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Furnaces: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Boilers: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Unitary Heaters: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Heating Equipment Market Share, by End Users, 2019 and 2027, (%)

Figure 18.        Residential: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Commercial: Heating Equipment market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Industrial: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        North America: Heating Equipment Market Revenue Share, By Country (2019 and 2027)

Figure 22.        US: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Canada: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Mexico: Heating Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Impact of COVID-19 Pandemic in North American Country Markets

  1. Carrier Global Corporation
  2. Daikin Industries, Ltd.
  3. Danfoss
  4. Emerson Electric Co.
  5. Haier Group Corporation
  6. Johnson Controls, Inc.
  7. Lennox International, Inc.
  8. Panasonic Corporation
  9. Robert Bosch GmbH
  10. Trane Technologies
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the heating equipment market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to various segments.
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