난방 장비 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of heating equipment Market

The global heating equipment market continues to evolve as industries and consumers shift toward energy-efficient and sustainable heating technologies. According to the 2024 market assessment, the global market was valued at USD 110.84 billion in 2024. Strong industrial expansion, rising energy efficiency regulations, and rapid adoption of smart heating systems fueled the sector's performance during the year. By 2025, the market is projected to reach USD 115.57 billion, reflecting stable growth driven by demand across industrial, commercial, and residential sectors. Looking ahead, the market is forecasted to climb to USD 171.75 billion by 2032, supported by the global transition toward low-carbon heating solutions.

In 2024, Asia Pacific dominated the global market with a 35.40% share, owing to its strong manufacturing base, increasing construction activities, and high adoption of industrial boilers and furnaces. Countries such as China, India, Japan, and Southeast Asian nations continue to influence regional demand due to expanding industrial clusters and heightened investments in production facilities.

Growing Demand for Efficient and Sustainable Heating Technologies

Heating equipment such as boilers, heat pumps, furnaces, and unit heaters play a vital role in industrial processing, commercial infrastructure, and residential temperature control. The push toward energy efficiency has been accelerating worldwide as governments implement stricter regulations to reduce carbon emissions. Technologies such as hybrid heat pumps, IoT-integrated heating systems, and AI-based predictive maintenance solutions are steadily transforming the market landscape.

A major driver behind the market's projected 2025 value of USD 115.57 billion is the widespread shift to energy-efficient heat pumps, particularly in Europe and North America. Heat pumps provide up to four units of heat energy for every unit of electricity consumed, making them a preferred choice for consumers and commercial builders. Their adoption is expected to expand rapidly through 2032, contributing significantly to the global market reaching USD 171.75 billion.

Industry 4.0 Strengthening Market Expansion

The integration of Industry 4.0 technologies, including IoT sensors, cloud-based control systems, and automation platforms, is revolutionizing heating system performance. These technologies allow remote monitoring, real-time performance adjustments, and predictive maintenance-all reducing operational costs and improving energy efficiency. This digital transformation trend is expected to accelerate between 2025 and 2032, especially in industrial applications such as chemicals, manufacturing, textiles, and power generation.

Key Market Trends Shaping Growth Through 2032

The emergence of green buildings, zero-energy construction, and hybrid heating systems is strongly shaping market technology preferences. In 2024, buildings accounted for nearly 30% of global final energy demand, signaling a massive opportunity for advanced heating solutions. Government-led sustainability programs and incentives across 26 nations under the "Energy in Building and Communities" initiative continue to encourage large-scale adoption of eco-friendly heating equipment.

Furthermore, several manufacturers launched next-generation heat pump systems in 2024, reinforcing the market's innovation momentum. For example, Philips Corporation introduced three new air-to-water heat pump units to meet rising European demand for environmentally responsible heating alternatives.

Regional Performance and Demand Outlook (2024-2032)

• Asia Pacific remained the largest regional market in 2024 with USD 39.24 billion in value and is expected to remain a dominant contributor due to industrial expansion and increased HVAC adoption.
• North America is witnessing heightened demand for smart, IoT-enabled heating solutions as the United States aims to cut greenhouse gas emissions by 50-52% by 2030.
• Europe, projected to reach USD 33.49 billion in 2025, benefits from stringent environmental standards and strong uptake of electric and hybrid heat pumps.

Conclusion

The heating equipment market is on a firm growth trajectory, rising from USD 110.84 billion in 2024 to USD 115.57 billion in 2025, and projected to reach USD 171.75 billion by 2032. Advances in energy-efficient technologies, strong regulatory support, digital integration, and expanding industrial applications ensure that the global market will continue to progress toward a more sustainable and technologically advanced heating ecosystem.

Segmentation By Product Type

• Boilers
• Heat Pumps
• Furnaces
• Unit Heaters

By Fuel Type

• Oil
• Natural gas
• Electricity
• Biomass
• Others (Coal, etc.)

By Application

• Residential
• Commercial
• Industrial
  • Food and Beverages
  • Oil and Gas
  • Energy and Power
  • Chemicals and Petrochemicals
  • Others (Textiles, etc.)

By Region

• North America (By Product Type, Fuel Type, Application, and Country)
  • U.S. (By Product Type)
  • Canada (By Product Type)
  • Mexico (By Product Type)
• South America (By Product Type, Fuel Type, Application, and Country)
  • Brazil (By Product Type)
  • Argentina(By Product Type)
  • Rest of South America
• Europe (By Product Type, Fuel Type, Application, and Country)
  • U.K. (By Product Type)
  • Germany (By Product Type)
  • France (By Product Type)
  • Italy (By Product Type)
  • Spain (By Product Type)
  • Nordics (By Product Type)
  • Benelux (By Product Type)
  • Russia (By Product Type)
  • Rest of Europe
• Asia Pacific (By Product Type, Fuel Type, Application, and Country)
  • China (By Product Type)
  • India (By Product Type)
  • Japan (By Product Type)
  • South Korea (By Product Type)
  • ASEAN (By Product Type)
  • Rest of APAC
• Middle East & Africa (By Product Type, Fuel Type, Application, and Country)
  • GCC (By Product Type)
  • South Africa (By Product Type)
  • Rest of MEA

Companies Profiled in the Report Johnson Controls Inc (Ireland), Midea Group (China), Carrier (U.S.), Trane Technologies (Ireland), Robert Bosch (Germany), Panasonic Holdings Corporation (Japan), Mitsubishi Electric Corporation (Japan), Danfoss (Denmark), Siemens AG (Germany), and Daikin Industries Ltd (Japan)

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities, and Trends
• 3.3. List of Market Participants

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Heating Equipment Key Players Market Share/Ranking, 2024

5. Global Heating Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Product Type (USD)
  • 5.2.1. Boilers
  • 5.2.2. Heat Pumps
  • 5.2.3. Furnaces
  • 5.2.4. Unit Heaters
• 5.3. By Fuel Type (USD)
  • 5.3.1. Oil
  • 5.3.2. Natural gas
  • 5.3.3. Electricity
  • 5.3.4. Biomass
  • 5.3.5. Others (Coal, etc.)
• 5.4. By Application (USD)
  • 5.4.1. Residential
  • 5.4.2. Commercial
  • 5.4.3. Industrial
    • 5.4.3.1. Food and Beverages
    • 5.4.3.2. Oil and Gas
    • 5.4.3.3. Energy and Power
    • 5.4.3.4. Chemicals and Petrochemicals
    • 5.4.3.5. Others (Textile, etc.)
• 5.5. By Region (USD)
  • 5.5.1. North America
  • 5.5.2. South America
  • 5.5.3. Europe
  • 5.5.4. Middle East & Africa
  • 5.5.5. Asia Pacific

6. North America Heating Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Product Type (USD)
  • 6.2.1. Boilers
  • 6.2.2. Heat Pumps
  • 6.2.3. Furnaces
  • 6.2.4. Unit Heaters
• 6.3. By Fuel Type (USD)
  • 6.3.1. Oil
  • 6.3.2. Natural gas
  • 6.3.3. Electricity
  • 6.3.4. Biomass
  • 6.3.5. Others (Coal, etc.)
• 6.4. By Application (USD)
  • 6.4.1. Residential
  • 6.4.2. Commercial
  • 6.4.3. Industrial
    • 6.4.3.1. Food and Beverages
    • 6.4.3.2. Oil and Gas
    • 6.4.3.3. Energy and Power
    • 6.4.3.4. Chemicals and Petrochemicals
    • 6.4.3.5. Others (Textile, etc.)
• 6.5. By Country (USD)
  • 6.5.1. United States
    • 6.5.1.1. By Product Type (USD)
  • 6.5.2. Canada
    • 6.5.2.1. By Product Type (USD)
  • 6.5.3. Mexico
    • 6.5.3.1. By Product Type (USD)

7. South America Heating Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Product Type (USD)
  • 7.2.1. Boilers
  • 7.2.2. Heat Pumps
  • 7.2.3. Furnaces
  • 7.2.4. Unit Heaters
• 7.3. By Fuel Type (USD)
  • 7.3.1. Oil
  • 7.3.2. Natural gas
  • 7.3.3. Electricity
  • 7.3.4. Biomass
  • 7.3.5. Others (Coal, etc.)
• 7.4. By Application (USD)
  • 7.4.1. Residential
  • 7.4.2. Commercial
  • 7.4.3. Industrial
    • 7.4.3.1. Food and Beverages
    • 7.4.3.2. Oil and Gas
    • 7.4.3.3. Energy and Power
    • 7.4.3.4. Chemicals and Petrochemicals
    • 7.4.3.5. Others (Textile, etc.)
• 7.5. By Country (USD)
  • 7.5.1. Brazil
    • 7.5.1.1. By Product Type (USD)
  • 7.5.2. Argentina
    • 7.5.2.1. By Product Type (USD)
  • 7.5.3. Rest of South America

8. Europe Heating Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Product Type (USD)
  • 8.2.1. Boilers
  • 8.2.2. Heat Pumps
  • 8.2.3. Furnaces
  • 8.2.4. Unit Heaters
• 8.3. By Fuel Type (USD)
  • 8.3.1. Oil
  • 8.3.2. Natural gas
  • 8.3.3. Electricity
  • 8.3.4. Biomass
  • 8.3.5. Others (Coal, etc.)
• 8.4. By Application (USD)
  • 8.4.1. Residential
  • 8.4.2. Commercial
  • 8.4.3. Industrial
    • 8.4.3.1. Food and Beverages
    • 8.4.3.2. Oil and Gas
    • 8.4.3.3. Energy and Power
    • 8.4.3.4. Chemicals and Petrochemicals
    • 8.4.3.5. Others (Textile, etc.)
• 8.5. By Country (USD)
  • 8.5.1. United Kingdom
    • 8.5.1.1. By Product Type (USD)
  • 8.5.2. Germany
    • 8.5.2.1. By Product Type (USD)
  • 8.5.3. France
    • 8.5.3.1. By Product Type (USD)
  • 8.5.4. Italy
    • 8.5.4.1. By Product Type (USD)
  • 8.5.5. Spain
    • 8.5.5.1. By Product Type (USD)
  • 8.5.6. BENELUX
    • 8.5.6.1. By Product Type (USD)
  • 8.5.7. Nordics
    • 8.5.7.1. By Product Type (USD)
  • 8.5.8. Russia
    • 8.5.8.1. By Product Type (USD)
  • 8.5.9. Rest of Europe

9. Asia Pacific Heating Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. Key Findings
• 9.2. By Product Type (USD)
  • 9.2.1. Boilers
  • 9.2.2. Heat Pumps
  • 9.2.3. Furnaces
  • 9.2.4. Unit Heaters
• 9.3. By Fuel Type (USD)
  • 9.3.1. Oil
  • 9.3.2. Natural gas
  • 9.3.3. Electricity
  • 9.3.4. Biomass
  • 9.3.5. Others (Coal, etc.)
• 9.4. By Application (USD)
  • 9.4.1. Residential
  • 9.4.2. Commercial
  • 9.4.3. Industrial
    • 9.4.3.1. Food and Beverages
    • 9.4.3.2. Oil and Gas
    • 9.4.3.3. Energy and Power
    • 9.4.3.4. Chemicals and Petrochemicals
    • 9.4.3.5. Others (Textile, etc.)
• 9.5. By Country (USD)
  • 9.5.1. China
    • 9.5.1.1. By Product Type (USD)
  • 9.5.2. India
    • 9.5.2.1. By Product Type (USD)
  • 9.5.3. Japan
    • 9.5.3.1. By Product Type (USD)
  • 9.5.4. South Korea
    • 9.5.4.1. By Product Type (USD)
  • 9.5.5. ASEAN
    • 9.5.5.1. By Product Type (USD)
  • 9.5.6. Rest of APAC

10. Middle East & Africa Heating Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Product Type (USD)
  • 10.2.1. Boilers
  • 10.2.2. Heat Pumps
  • 10.2.3. Furnaces
  • 10.2.4. Unit Heaters
• 10.3. By Fuel Type (USD)
  • 10.3.1. Oil
  • 10.3.2. Natural gas
  • 10.3.3. Electricity
  • 10.3.4. Biomass
  • 10.3.5. Others (Coal, etc.)
• 10.4. By Application (USD)
  • 10.4.1. Residential
  • 10.4.2. Commercial
  • 10.4.3. Industrial
    • 10.4.3.1. Food and Beverages
    • 10.4.3.2. Oil and Gas
    • 10.4.3.3. Energy and Power
    • 10.4.3.4. Chemicals and Petrochemicals
    • 10.4.3.5. Others (Textile, etc.)
• 10.5. By Country (USD)
  • 10.5.1. GCC
    • 10.5.1.1. By Product Type (USD)
  • 10.5.2. South Africa
    • 10.5.2.1. By Product Type (USD)
  • 10.5.3. Rest of MEA

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. Johnson Controls, Inc.
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Midea Group
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Daikin Industries Ltd.
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Carrier
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Trane Technologies
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Robert Bosch GmBH
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Panasonic Holdings Corporation
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Mitsubishi Electric Corporation
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Danfoss
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Siemens AG
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments