PUBLISHER: BIS Research | PRODUCT CODE: 1570637
PUBLISHER: BIS Research | PRODUCT CODE: 1570637
Europe Heating Equipment Market: Focus on Application, Product Type, Fuel Type, and Country - Analysis and Forecast, 2023-2033
Introduction to Europe Heating Equipment Market
The Europe heating equipment market is projected to reach $53.65 billion by 2033 from $31.27 billion in 2023, growing at a CAGR of 5.55% during the forecast period 2023-2033. The European heating equipment market is significantly influenced by the global trend toward sustainability, which is driving innovation and investment in cutting-edge heating solutions. This covers developments in conventional heating systems like furnaces and boilers as well as the expanding use of alternative systems like solar heating and heat pumps. The rising focus on energy efficiency and environmental sustainability has driven the development of rules and incentives across Europe, boosting the adoption of high-efficiency heating technology. This has pushed demand for newer, more energy-efficient technologies, particularly in countries with rigorous energy regulations.
Various initiatives are being implemented by European governments to encourage the use of renewable heating systems. To speed up the shift to renewable energy, for example, the EU's Green Deal and state programs like Germany's Renewable Energy Heat Act offer financial support and incentives.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2033 |
| 2023 Evaluation | $31.27 Billion |
| 2033 Forecast | $53.65 Billion |
| CAGR | 5.55% |
Market Introduction
The growing emphasis on sustainability and energy efficiency in the region is propelling the market for heating equipment in Europe. Demand for cutting-edge heating solutions that are economical and ecologically friendly is growing as a result of strict laws designed to reduce carbon emissions, such as the EU Green Deal and national energy efficiency objectives. While alternative technologies, like heat pumps and solar heating, are gaining acceptance in the residential, commercial, and industrial sectors, traditional systems, like boilers and furnaces, are developing.
Government incentives and subsidies throughout Europe are encouraging the use of high-efficiency heating equipment and easing the transition of businesses and consumers to low-carbon alternatives. The market is changing as a result of this legislative backing and technological advancements, driving demand for cleaner, more effective heating systems. As Europe continues its journey toward decarbonization, the heating equipment market is expected to grow steadily, playing a key role in the region's sustainability efforts.
Market Segmentation
Segmentation 1: by Application
- Residential
- Commercial
- Industrial
Segmentation 2: by Product Type
- Heat Pumps
- Furnaces
- Boilers
- Others
Segmentation 3: by Fuel Type
- Natural Gas
- Oil
- Electricity
- Others
Segmentation 4: by Country
- Germany
- France
- U.K.
- Italy
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the heating equipment products available in the market, which is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of sustainable heating equipment solutions. Therefore, the heating equipment business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The Europe heating equipment market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: The key players in the Europe heating equipment market analyzed and profiled in the study include heating equipment manufacturers. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and heating equipment market penetration.
Some of the prominent names in this market are:
- Johnson Controls
- Vaillant Group International GmbH
- Robert Bosch GmbH
Table of Contents
Executive Summary
Scope and Definition
1 Markets
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Trends: Overview
- 1.1.2 Rising Focus on IoT- Enabled Heating Equipment Market
- 1.1.3 Focus on Energy Efficiency
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.2.2 Market Map
- 1.3 Research and Development Review
- 1.3.1 Patent Filing Trend (by Country, by Year)
- 1.4 Regulatory Landscape
- 1.5 Market Dynamics: Overview
- 1.5.1 Market Drivers
- 1.5.1.1 Rapid Expansion of Global Construction Projects
- 1.5.1.2 Environmental Consequences of the Greenhouse Effect
- 1.5.1.3 Incorporation of Renewable Energy Sources
- 1.5.2 Market Restraints
- 1.5.2.1 High Initial Capital Expenditure
- 1.5.2.2 Fluctuations in Energy Costs
- 1.5.3 Market Opportunities
- 1.5.3.1 Investment in Sustainable and Energy Efficient Heating Equipment Products
- 1.5.3.2 Rise in Partnerships and Collaborations Globally
- 1.5.1 Market Drivers
2 Regions
- 2.1 Regional Summary
- 2.2 Drivers and Restraints
- 2.3 Europe
- 2.3.1 Regional Overview
- 2.3.2 Driving Factors for Market Growth
- 2.3.3 Factors Challenging the Market
- 2.3.4 Application
- 2.3.5 Product
- 2.3.6 Europe (by Country)
- 2.3.6.1 France
- 2.3.6.2 Germany
- 2.3.6.3 U.K.
- 2.3.6.4 Italy
- 2.3.6.5 Rest-of-Europe
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Next Frontiers
- 3.2 Geographic Assessment
- 3.2.1 Johnson Controls
- 3.2.1.1 Overview
- 3.2.1.2 Top Products/Product Portfolio
- 3.2.1.3 Top Competitors
- 3.2.1.4 Target Customers
- 3.2.1.5 Key Personnel
- 3.2.1.6 Analyst View
- 3.2.1.7 Market Share, 2022
- 3.2.2 Robert Bosch GmbH
- 3.2.2.1 Overview
- 3.2.2.2 Top Products/Product Portfolio
- 3.2.2.3 Top Competitors
- 3.2.2.4 Target Customers
- 3.2.2.5 Key Personnel
- 3.2.2.6 Analyst View
- 3.2.3 Vaillant Group International GmbH
- 3.2.3.1 Overview
- 3.2.3.2 Top Products/Product Portfolio
- 3.2.3.3 Top Competitors
- 3.2.3.4 Target Customers
- 3.2.3.5 Key Personnel
- 3.2.3.6 Analyst View
- 3.2.1 Johnson Controls
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Europe Global Heating Equipment Market (by Application), 2022, 2026, and 2033
- Figure 2: Europe Global Heating Equipment Market (by Product Type), 2022, 2026, and 2033
- Figure 3: Europe Global Heating Equipment Market (by Fuel Type), 2022, 2026, and 2033
- Figure 4: Heating Equipment Market, Recent Developments
- Figure 5: Supply Chain and Risks within the Supply Chain
- Figure 6: Value Chain Analysis
- Figure 7: Patent Analysis (by Country), January 2020-December 2023
- Figure 8: Patent Analysis (by Year), January 2020-December 2023
- Figure 9: Impact Analysis of Market Navigating Factors, 2023-2033
- Figure 10: Building construction and energy efficiency investments in 2019/2020
- Figure 11: Annual Energy Cost (US$)
- Figure 12: Crude Oil Prices ($/Barrel)
- Figure 13: France Heating Equipment Market, $Million, 2022-2033
- Figure 14: Germany Heating Equipment Market, $Million, 2022-2033
- Figure 15: U.K. Heating Equipment Market, $Million, 2022-2033
- Figure 16: Italy Heating Equipment Market, $Million, 2022-2033
- Figure 17: Rest-of-Europe Hydrogen Fuel Cell Market, $Million, 2022-2033
- Figure 18: Strategic Initiatives, 2020-2023
- Figure 19: Share of Strategic Initiatives
- Figure 20: Data Triangulation
- Figure 21: Top-Down and Bottom-Up Approach
- Figure 22: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Heating Equipment Market, Opportunities
- Table 3: Trends: Overview
- Table 4: Heating Equipment Market (by Region), Thousand Units, 2022-2033
- Table 5: Heating Equipment Market (by Region), $Million, 2022-2033
- Table 6: Europe Heating Equipment Market (by Application), Thousand Units, 2022-2033
- Table 7: Europe Heating Equipment Market (by Application), $Million, 2022-2033
- Table 8: Europe Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
- Table 9: Europe Heating Equipment Market (by Product Type), $Million, 2022-2033
- Table 10: Europe Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
- Table 11: Europe Heating Equipment Market (by Fuel Type), $Million, 2022-2033
- Table 12: France Heating Equipment Market (by Application), Thousand Units, 2022-2033
- Table 13: France Heating Equipment Market (by Application), $Million, 2022-2033
- Table 14: France Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
- Table 15: France Heating Equipment Market (by Product Type), $Million, 2022-2033
- Table 16: France Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
- Table 17: France Heating Equipment Market (by Fuel Type), $Million, 2022-2033
- Table 18: Germany Heating Equipment Market (by Application), Thousand Units, 2022-2033
- Table 19: Germany Heating Equipment Market (by Application), $Million, 2022-2033
- Table 20: Germany Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
- Table 21: Germany Heating Equipment Market (by Product Type), $Million, 2022-2033
- Table 22: Germany Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
- Table 23: Germany Heating Equipment Market (by Fuel Type), $Million, 2022-2033
- Table 24: U.K. Heating Equipment Market (by Application), Thousand Units, 2022-2033
- Table 25: U.K. Heating Equipment Market (by Application), $Million, 2022-2033
- Table 26: U.K. Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
- Table 27: U.K. Heating Equipment Market (by Product Type), $Million, 2022-2033
- Table 28: U.K. Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
- Table 29: U.K. Heating Equipment Market (by Fuel Type), $Million, 2022-2033
- Table 30: Italy Heating Equipment Market (by Application), Thousand Units, 2022-2033
- Table 31: Italy Heating Equipment Market (by Application), $Million, 2022-2033
- Table 32: Italy Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
- Table 33: Italy Heating Equipment Market (by Product Type), $Million, 2022-2033
- Table 34: Italy Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
- Table 35: Italy Heating Equipment Market (by Fuel Type), $Million, 2022-2033
- Table 36: Rest-of-Europe Heating Equipment Market (by Application), Thousand Units, 2022-2033
- Table 37: Rest-of-Europe Heating Equipment Market (by Application), $Million, 2022-2033
- Table 38: Rest-of-Europe Heating Equipment Market (by Product Type), Thousand Units, 2022-2033
- Table 39: Rest-of-Europe Heating Equipment Market (by Product Type), $Million, 2022-2033
- Table 40: Rest-of-Europe Heating Equipment Market (by Fuel Type), Thousand Units, 2022-2033
- Table 41: Rest-of-Europe Heating Equipment Market (by Fuel Type), $Million, 2022-2033
