About Home Heating Systems
A heating system replaces heat that is lost through the shell of your house. The energy required by the heating system to replace that lost heat depends on factors like location of the house (in colder places, the house will lose more heat), Size of the house, the energy efficiency of the house; and energy efficiency of the heating system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.7% |
The global market for the home heating equipment is fragmented. Rising need for efficient heating system for houses of every size to recover heat loss and keep the house warm in cold weather is required to be attended by innovation in heating equipment and compact heating devices. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
FeuerWerkstatt (Switzerland), Hearth + Timber (United States), Stove Master (United States), American Masonry Heaters (United States), Jotul (Norway), Babcock and Wilcox Enterprises, Inc. (United States), Hurst Boiler and Welding Co, Inc. (United States) and Forbes Marshall Private Limited (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Tulikivi (Finland), Tiileri (Finland), Mitsubishi Hitachi Power Systems (United States) and Masonry Heater Builder Ltd. (Scotland).
Segmentation Overview
AMA Research has segmented the market of Global Home Heating Systems market by Type (Central Heating and Direct Heating) and Region.
On the basis of geography, the market of Home Heating Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Equipments, the sub-segment i.e. Furnace will boost the Home Heating Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Heating Technique, the sub-segment i.e. Radiant floor heat will boost the Home Heating Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Offline will boost the Home Heating Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Automation in Operating the Equipment and Fireplaces Through Voice Command or Mobile Application
Market Growth Drivers:
Rising Demand for the Heating Place in Household as Cold Weather Preparation and Rising Investment Towards the Development of Sustainable Building Solutions
Challenges:
Complex Maintenance and Availability of Cheaper Substitutes in Market
Restraints:
High Upfront Cost and Installation Cost
Opportunities:
Rising Demand for the Fireplaces and Centralised Heating Systems in Smart Homes
Market Leaders and their expansionary development strategies
In January 2024, Samsung has partnered with British Gas to supply its heat pump systems and energy management tools through the company. The announcement forms part of industry efforts to reduce energy demand and the resulting carbon emissions.
In September 2023, Carrier has launched a new series of high-temperature heat pumps for applications in industrial sites, commercial settings, public buildings, and district heating systems. It has developed four new products with capacities ranging from 30 kW to 375 kW, all of which use hydrofluoroolefins as a refrigerant.
In 2016 the United States EPA, launched Central Pollution Standards under the Clean Air Act to monitor and control the carbon and sulphur emission across the nation to control the carbon emission levels along with rising concerns toward an energy efficient environment.
Key Target Audience
Home Heating Systems Manufacturer, Equipment Manufacturers, Research Institutes, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.