Executive Summary
The Global Hot Water and Heating Equipment Market was valued at USD 50.2 Billion in the year 2021. With the increased disposable income in highly populated countries such as China, Japan, and India, the adoption of Furnaces is high. The advancements in Hot Water and Heating Equipment and increased use of electronics devices drive the Hot Water and Heating Equipment market. Furthermore, the increasing penetration of Hot Water and Heating Equipment in Furnaces and Heat Pumps and the Residential sector will further propel the market in the coming years. Factors such as the higher concentration of OEMs and ODMs across industries, including consumers and Services in the APAC region will significantly drive Hot Water and Heating Equipment market growth in subsequent years.
The Heat Pump product type of Hot Water and Heating Equipment in the Market witnessed growth at a noteworthy rate over the past few years and is expected in the forecast period due to the imperative role being played because of the factors such as the higher concentration of heating equipment manufacturing companies. During 2022-2027, Hot Water and Heating Equipment Market is anticipated to grow at an increased rate of intensifying government regulations in various parts of the world.
The Residential sector of Hot Water and Heating Equipment is expected to hold a larger market share of the Hot Water and Heating Equipment Market than Insourcing in the segment. Moreover, increasing demand for new comfortability and security in customers in the world has been anticipated to propel thrust in the demand of Hot Water and Heating Equipment in the future.
Amongst the regions, the Asia Pacific accounts for a large regional share in the global Hot Water and Heating Equipment market in 2027. Key factors driving the robust growth rate of the Asia Pacific region include rising urban population, disposable income, increasing electronic technologies activities in different countries, the rise in the demand to improve quality by eliminating errors and reducing variability for better comfortability while carrying and storing the good in a storage place is a major factor driving the Hot Water and Heating Equipment market growth in the Asia Pacific Region.
Scope of the Report
• The report presents the analysis of the Hot Water and Heating Equipment Market for the historical period of 2017-2021 and the forecast period of 2022-2027.
• The report analyses the Hot Water and Heating Equipment Market by Value (USD Million).
• The report analyses the Hot Water and Heating Equipment Market By Product Type (Heat Pumps, Unitary Heaters, Furnaces, Others).
• The report analyses the Hot Water and Heating Equipment Market By End User Type (Residential, Non-Residential).
• The Global Hot Water and Heating Equipment Market has been analyzed By Region (America, Europe, Asia Pacific, Middle East, and Africa) and By Country (United States, Canada Mexico, Germany, United Kingdom, France, Italy, China, Japan, India).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by Service, Type, Region, and Country.
• Also, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions, and new Type development. The companies analyzed in the report include: AO Smith, Bosch, Ariston Thermo, Rinnai Corporation, Whirlpool Corporation, Noritz Corporation, Bajaj Electricals, Haier, Lennox International, Havells India Ltd.
Key Target Audience
• Hot Water and Heating Equipment Manufacturers and Vendors
• Consulting and Advisory Firms
• Government and Policy Makers
• Regulatory Authorities
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Hot Water and Heating Equipment Market: Product Overview
4. Global Hot Water and Heating Equipment Market: An Analysis
4.1 Market Size, By Value, 2017-2021
4.2 Impact of COVID-19 on Hot Water and Heating Equipment Market
4.3 Global Hot Water and Heating Equipment Market: Growth & Forecast
5. Global Hot Water and Heating Equipment Market: Segment Analysis
5.1 Global Hot Water and Heating Equipment Market Segmentation, By Product Type (Value)
5.2 Competitive Scenario of Hot Water and Heating Equipment Market: By Product Type (2021 & 2027)
5.3 By Heat Pumps- Market Size and Forecast (2017-2027)
5.4 By Unitary Heaters- Market Size and Forecast (2017-2027)
5.5 By Furnaces- Market Size and Forecast (2017-2027)
5.6 By Others- Market Size and Forecast (2017-2027)
6. Global Hot Water and Heating Equipment Market Segmentation, By End User Type (Value)
6.1 Competitive Scenario of Global Hot Water and Heating Equipment Market: By End User Type (2021 & 2027)
6.2 By Residential- Market Size and Forecast (2017-2027)
6.3 By Non-Residential- Market Size and Forecast (2017-2027)
7. Global Hot Water and Heating Equipment Market: Regional Analysis
7.1 Competitive Scenario of Global Hot Water and Heating Equipment Market: By Region (2021 & 2027)
8. Americas Hot Water and Heating Equipment Market: An Analysis (2017-2027)
8.1 Americas Hot Water and Heating Equipment Market by value: Size and Forecast (2017-2027)
8.2 Americas Hot Water and Heating Equipment Market: Growth and Forecast
8.3 Americas Hot Water and Heating Equipment Market: Prominent Companies
8.4 Market Segmentation By Product Type (Heat Pumps, Unitary Heaters, Furnaces, Others)
8.5 Market Segmentation By End User Type (Residential, Non-Residential)
8.6 Americas Hot Water and Heating Equipment Market: Country Analysis
8.7 Market Opportunity Chart of Americas Hot Water and Heating Equipment Market - By Country, By Value (Year-2027)
8.8 Competitive Scenario of Americas Hot Water and Heating Equipment Market- By Country (2021 & 2027)
8.9 United States Hot Water and Heating Equipment Market- By Value (2017-2027)
8.10 United States Hot Water and Heating Equipment Market: Growth and Forecast
8.11 United States Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
8.12 Canada Hot Water and Heating Equipment Market- By Value (2017-2027)
8.13 Canada Hot Water and Heating Equipment Market: Growth and Forecast
8.14 Canada Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
8.15 Mexico Hot Water and Heating Equipment Market- By Value (2017-2027)
8.16 Mexico Hot Water and Heating Equipment Market: Growth and Forecast
8.17 Mexico Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
9. Europe Hot Water and Heating Equipment Market: An Analysis (2017-2027)
9.1 Europe Hot Water and Heating Equipment Market by value: Size and Forecast (2017-2027)
9.2 Europe Hot Water and Heating Equipment Market: Growth and Forecast
9.3 Europe Hot Water and Heating Equipment Market: Prominent Companies
9.4 Market Segmentation By Product Type (Heat Pumps, Unitary Heaters, Furnaces, Others)
9.5 Market Segmentation By End User Type (Residential, Non-Residential)
9.6 Europe Hot Water and Heating Equipment Market: Country Analysis
9.7 Market Opportunity Chart of Europe Hot Water and Heating Equipment Market - By Country, By Value (Year-2027)
9.8 Competitive Scenario of Europe Hot Water and Heating Equipment Market- By Country (2021 & 2027)
9.9 Germany Hot Water and Heating Equipment Market- By Value (2017-2027)
9.10 Germany Hot Water and Heating Equipment Market: Growth and Forecast
9.11 Germany Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
9.12 United Kingdom Hot Water and Heating Equipment Market- By Value (2017-2027)
9.13 United Kingdom Hot Water and Heating Equipment Market: Growth and Forecast
9.14 United Kingdom Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
9.15 France Hot Water and Heating Equipment Market- By Value (2017-2027)
9.16 France Hot Water and Heating Equipment Market: Growth and Forecast
9.17 France Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
9.18 Italy Hot Water and Heating Equipment Market- By Value (2017-2027)
9.19 Italy Hot Water and Heating Equipment Market: Growth and Forecast
9.20 Italy Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
10. Asia Pacific Hot Water and Heating Equipment Market: An Analysis (2017-2027)
10.1 Asia Pacific Hot Water and Heating Equipment Market by value: Size and Forecast (2017-2027)
10.2 Asia Pacific Hot Water and Heating Equipment Market: Growth and Forecast
10.3 Asia Pacific Hot Water and Heating Equipment Market: Prominent Companies
10.4 Market Segmentation By Product Type (Heat Pumps, Unitary Heaters, Furnaces, Others)
10.5 Market Segmentation By End User Type (Residential, Non-Residential)
10.6 Asia Pacific Hot Water and Heating Equipment Market: Country Analysis
10.7 Market Opportunity Chart of Asia Pacific Hot Water and Heating Equipment Market - By Country, By Value (Year-2026)
10.8 Competitive Scenario of Asia Pacific Hot Water and Heating Equipment Market- By Country (2021 & 2027)
10.9 China Hot Water and Heating Equipment Market- By Value (2017-2027)
10.10 China Hot Water and Heating Equipment Market: Growth and Forecast
10.11 China Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
10.12 Japan Hot Water and Heating Equipment Market- By Value (2017-2027)
10.13 Japan Hot Water and Heating Equipment Market: Growth and Forecast
10.14 Japan Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
10.15 India Hot Water and Heating Equipment Market- By Value (2017-2027)
10.16 India Hot Water and Heating Equipment Market: Growth and Forecast
10.17 India Hot Water and Heating Equipment Market Segmentation By Product Type, By End User Type (2017-2027)
11. Global Hot Water and Heating Equipment Market Dynamics
11.1 Global Hot Water and Heating Equipment Market Drivers
11.2 Global Hot Water and Heating Equipment Market Restraints
11.3 Global Hot Water and Heating Equipment Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness Chart of Global Hot Water and Heating Equipment Market - By Product Type (2027)
12.2 Market Attractiveness Chart of Global Hot Water and Heating Equipment Market - By End User Type (2027)
12.3 Market Attractiveness Chart of Global Hot Water and Heating Equipment Market - By Region (2027)
13. Competitive Landscape
13.1 Market Share of global leading companies
13.2 SWOT Analysis- Global Hot Water and Heating Equipment Market
13.3 Porter's Five Force Analysis- Global Hot Water and Heating Equipment Market
14. Company Profiles
14.1 AO Smith
14.2 Bosch
14.3 Ariston Thermo
14.4 Rinnai Corporation
14.5 Whirlpool Corporation
14.6 Noritz Corporation
14.7 Bajaj Electricals
14.8 Haier
14.9 Lennox International
14.10 Havells India Ltd.
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