New statistical report “Global Heating Equipment (except Warm Air Furnaces) Market 2019-2024” has been featured by wiseguyreports to its extensive database.

PUNE, MAHARASHTRA, INDIA, October 26, 2019 /EINPresswire.com/ -- Global Heating Equipment (except Warm Air Furnaces) Market Description

The worldwide market for Heating Equipment (except Warm Air Furnaces), in 2018 was valued at around USD 35 billion. However, now it is expected to grow at about 6 percent of the compound annual growth rate during the forecast period. One of the primary reasons behind this is the demand for energy-efficient heating equipment is now growing across the world. Besides, government initiatives to improve energy efficiency in various industries and technological advancement are also anticipated to propel the global market.

On the other side, the increase in spending in the construction sectors can also propel the market as it has increased the demand for the products. Different initiatives, for example the LEED- Leadership in Energy and Environment Design in the United States, are also anticipated to benefit the market growth. The increasing electricity cos and the strict environmental laws have forced many companies and industries to install highly efficient heating equipment. With the increase in usage of sophisticated heating devices having sensors that can be controlled from a distance place, the investment in this market has gone up.

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Top Key Players
Heatstar
Red Dot
Thermal Solutions Products
New Yorker Boiler
Dte Biomass Energy
Abengoa Solar

The production of eco-friendly equipment is expected to be boosted up by different public policies to promote energy-saving substitutes. The disposable income level of people across the world is growing with time. Besides, economic condition is also increasing. All these have projected to create a huge demand for Heating Equipment (except Warm Air Furnaces). Furthermore, growing remodeling activities due to better financial support is also estimated to trigger market growth. So, all these are clearly indicating that the global market will grow at the highest CAGR.

Global Market Segmentation Analysis

The global Heating Equipment (except Warm Air Furnaces) market is split based on heating equipment type, application, or end-users and regions. Based on the product type, it is segmented into Supplemental Heaters, Fireplaces and Wood-Burning Stoves, Low-Pressure Steam and Hot Water Boilers and Furnaces. The data given in the market report suggest that hot water boiler & furnaces segment is expected to dominate the global market. Talking about end-users or application-based segment, the market is divided into Industry, Commercial and Households. The industry segment is forecasted to witness maximum share in terms of revenue owing to increasing production of advanced heating equipment.

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