Global Air Heating Appliance Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Space Heating Appliance and Water Heating Appliance.

By End User;

Industrial , Residential and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn350788604 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Air Heating Appliance Market (USD Million), 2021 - 2031

In the year 2024, the Global Air Heating Appliance Market was valued at USD 5325.65 million. The size of this market is expected to increase to USD 7493.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The requirement for energy-efficient heating equipment has spurred the development of mechanical devices designed to deliver cost-effective heating solutions, thus driving market expansion. Rapid technological advancements have led to heating equipment that offers economical options for reducing carbon emissions, further propelling the market forward. These systems are categorized as either self-contained packages or core systems.

Significant growth in the global construction industry is one of the key factors contributing to the market's positive outlook. Additionally, the rising demand for energy-efficient heating systems is boosting market growth. Heating equipment is widely used in regions with freezing temperatures to increase ambient temperatures while minimizing environmental impact. Technological innovations, such as the integration of connected devices with the Internet of Things (IoT) and artificial intelligence (AI), are also driving growth. These advancements enable users to control heating equipment remotely via smartphones and wearable devices. Product developers are focusing on creating new, self-contained heating equipment units for residential and small business complexes.

The rapidly expanding petrochemical and chemical industries in developing countries like India and China are expected to drive the demand for industrial boilers. Increased investment in mega power projects worldwide is likely to further boost market demand. Industrial boilers are frequently used in the chemical and petrochemical sectors, which account for a significant portion of the application area for these vessels. According to the US Environmental Protection Agency, new boiler regulations aim to substantially reduce environmental emissions. Currently, over 88 percent of significant source boilers meet emission standards with annual tune-ups, but the remaining 12 percent will require refurbishment or replacement to comply with these standards, presenting opportunities for manufacturers throughout the forecast period.

The growing demand for energy-efficient devices has driven the adoption of technologies such as heat pumps, providing end users with substantial opportunities to contribute to renewable energy and climate targets globally. Heat pumps offer a synergy between supply-side decarbonization and demand-side technology, making a significant impact on reducing CO2 emissions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Air Heating Appliance Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization
        2. Government Initiatives
      2. Restraints
        1. Fluctuating Energy Prices
        2. Maturity in Developed Market
        3. Competition and Product Duplication
      3. Opportunities
        1. Technological Advancements
        2. Focus on Sustainability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Air Heating Appliance Market, By Product Type, 2021 - 2031 (USD Million)
      1. Space Heating Appliance
      2. Water Heating Appliance
    2. Global Air Heating Appliance Market, By End User, 2021 - 2031 (USD Million)
      1. Industrial
      2. Residential
      3. Commercial
    3. Global Air Heating Appliance Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Daikin Industries
      2. Ingersoll-Rand
      3. Lennox International
      4. Robert Bosch
      5. United Technologies
      6. Johnson Controls
      7. Danfoss
      8. Vaillant Group
      9. Alfa Laval
      10. GE Steam Power
  7. Analyst Views
  8. Future Outlook of the Market