Global Electric Heating Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Heating Method;

Resistance Heating, Arc heating, Power Frequency Heating, Induction Heating, Dielectric Heating, and Infrared Heating.

By Product Type;

Radiant Heaters, Furnaces, Boilers, Heat Pumps, Unitary Heaters, and Others.

By End-Use;

Food Processing, Mining, Construction, Automotive, and Chemical.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Report ID: Rn385218517 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electric Heating Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Electric Heating Equipment Market was valued at USD 5247.50 million. The size of this market is expected to increase to USD 6905.35 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The Global Electric Heating Equipment Market is experiencing significant growth, driven by the increasing demand for energy-efficient heating solutions across various sectors, including residential, commercial, and industrial applications. As the world moves toward sustainability and reducing carbon emissions, electric heating equipment, which includes electric heaters, boilers, heat pumps, and heating cables, is becoming a preferred choice for consumers and businesses alike. This shift is further accelerated by technological advancements that enhance energy efficiency, user convenience, and the integration of smart technologies. With a focus on reducing reliance on fossil fuels, electric heating systems present an environmentally friendly alternative that aligns with global energy transition goals.

Regional dynamics play a crucial role in shaping the electric heating equipment market. North America and Europe have been early adopters, influenced by stringent regulations aimed at improving energy efficiency and reducing environmental impacts. Meanwhile, the Asia-Pacific region is witnessing rapid growth, fueled by urbanization, rising disposable incomes, and increased industrial activity. However, challenges such as high initial installation costs and dependence on stable electricity supplies persist. Despite these hurdles, opportunities abound for innovation and investment, particularly in renewable energy integration and smart heating solutions, positioning the electric heating equipment market for continued expansion in the coming years.

North America is a prominent player in the electric heating market, driven by a strong emphasis on energy efficiency and sustainability. The region benefits from advanced infrastructure and high consumer awareness regarding electric heating technologies. Residential and commercial sectors in the U.S. and Canada are increasingly adopting electric heating solutions, supported by government initiatives aimed at reducing greenhouse gas emissions. Moreover, the trend towards smart home systems is enhancing the demand for electric heating products, making North America a key market for innovation in electric heating equipment.

Europe is another significant region for the electric heating equipment market, characterized by stringent regulations and ambitious climate goals set by the European Union. The region's commitment to transitioning to renewable energy sources and reducing dependence on fossil fuels is fueling investments in electric heating technologies. Countries like Germany, the UK, and France are leading the charge in adopting electric heating solutions across various sectors, including residential, commercial, and industrial applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Heating Method
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By End-User Industry
    4. Market Snapshot, By Region
  4. Global Electric Heating Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Energy Efficiency
        2. Regulatory Support for Sustainable Solutions
        3. Technological Advancements
      2. Restraints
        1. High Initial Costs of Installation
        2. Dependence on Stable Electricity Supply
        3. Competition from Alternative Heating Solutions
      3. Opportunities
        1. Integration of Renewable Energy Sources
        2. Expansion in Emerging Markets
        3. Innovations in Smart Home Technology
    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 Electric Heating Equipment Market, By Heating Method, 2021 - 2031 (USD Million)
      1. Resistance Heating
      2. Arc heating
      3. Power Frequency Heating
      4. Induction Heating
      5. Dielectric Heating
      6. Infrared Heating
    2. Global Electric Heating Equipment Market, By Product Type, 2021 - 2031 (USD Million)
      1. Radiant Heaters
      2. Furnaces
      3. Boilers
      4. Heat Pumps
      5. Unitary Heaters
      6. Others
    3. Global Electric Heating Equipment Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. Food Processing
      2. Mining
      3. Construction
      4. Automotive
      5. Chemical
    4. Global Electric Heating Equipment 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. Carrier
      2. Mitsubishi Electric Corporation
      3. Emerson Electric Co.
      4. Daikin Industries, Ltd
      5. Trane
      6. Robert Bosch GmbH
      7. Lennox International
      8. Johnson Controls, Inc.
      9. Midea Group
      10. Hitachi, Ltd.
  7. Analyst Views
  8. Future Outlook of the Market