PUBLISHER: The Business Research Company | PRODUCT CODE: 1712646
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712646
Warm air heating equipment includes devices designed to generate warm air for the purpose of space heating in large areas such as warehouses, retail facilities, sports complexes, factories, and similar large structures.
The primary product categories within warm air heating equipment encompass dehumidifiers, heat pumps, and humidifying equipment. Heat pumps, in particular, function as reverse heat engines. These equipment types come in various capacities, including small, medium, and large, and are applied across residential, commercial, and industrial settings.
The warm air heating equipment market research report is one of a series of new reports from The Business Research Company that provides warm air heating equipment market statistics, including warm air heating equipment industry global market size, regional shares, competitors with a warm air heating equipment market share, detailed warm air heating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the warm air heating equipment industry. This warm air heating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The warm air heating equipment market size has grown strongly in recent years. It will grow from $128.87 billion in 2024 to $138.54 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to energy efficiency, environmental regulations, economic factors, replacement cycle.
The warm air heating equipment market size is expected to see strong growth in the next few years. It will grow to $172.67 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to building efficiency standards, energy costs, global economic conditions. Major trends in the forecast period include smart heating systems, electrification and heat pumps, hybrid systems, customization and zoning, health and comfort considerations, industry collaboration.
The growth of the warm air heating equipment market is expected to be driven by favorable measures aimed at reducing carbon footprints. Nations worldwide are actively engaged in decarbonization efforts to create a sustainable and environmentally friendly future. Warm air heating equipment, such as heat pumps, plays a significant role in reducing carbon emissions by utilizing renewable energy sources. For example, in September 2022, Samsung Electronics Co. Ltd., a South Korean appliance company, unveiled an environmental agenda with a timeline that includes ambitious goals like achieving net-zero carbon emissions by 2050. Their initiatives involve investing in renewable energy, enhancing resource circularity, and developing innovative technologies to combat climate change and promote sustainability. Similarly, in June 2022, Pfizer Inc., a US-based pharmaceutical company, committed to achieving the voluntary Net-Zero Standard by 2040, aiming to reduce greenhouse gas emissions by 95% and value chain emissions by 90% from 2019 levels by that time. These proactive steps by companies to reduce their carbon footprints are contributing to the growth of the warm air heating equipment market.
The growing demand within the construction industry is anticipated to drive the expansion of the warm air heating equipment market. The construction sector encompasses businesses engaged in the creation, maintenance, and repair of various infrastructures. This thriving construction industry relies on heating equipment, including heat pumps, to provide efficient heating and cooling solutions for both large and medium-sized structures. For instance, in February 2024, according to Eurostat, a Luxembourg-based government agency, the average annual building production in the EU and the euro region increased by 0.1% and 0.2%, respectively, compared to 2022. Therefore, the growing demand for construction is driving the expansion of the warm air heating equipment market.
Companies are increasingly focusing on developing smart devices to meet the demands of the growing trend toward connected smart offices and homes. As homes and businesses worldwide transition to connected devices, industry players are engaged in creating solutions that enable optimized connectivity and preventive maintenance. For example, in June 2022, Trane Technologies, a US-based provider of heating equipment, launched the Ascend Air-to-Water Heat Pump Model ACX. This product marks the first air-to-water heat pump solution in Trane's portfolio, offering both electric heating and cooling. The innovation provides building owners a pathway to decarbonization through electrification, offering advanced energy efficiency and seamlessly integrating into existing systems. This helps reduce reliance on fossil fuels while enhancing environmental sustainability. Additionally, the heat pump is designed to operate effectively in various climates, supporting its adaptability and efficiency. Trane's commitment to sustainability is also reflected in its new generation of Precedent rooftop units, which aim to enhance performance and improve operational efficiency by consolidating legacy systems.
Prominent companies within the warm air heating equipment market are actively introducing innovative products to maintain a competitive advantage, such as the hybrid dual fuel system. This hybrid dual fuel system is a specialized heating and cooling solution that combines the features of an electric heat pump with a gas or propane furnace for optimal performance. For example, in September 2023, Johnson Controls-Hitachi Air Conditioning, a Japanese-based company specializing in air conditioning systems, unveiled the Hitachi air365 Hybrid dual fuel system. This cutting-edge solution seamlessly integrates a heat pump with a gas furnace to deliver energy-efficient, year-round home comfort while simultaneously reducing carbon emissions. The system employs an intelligent sensor to automatically switch between the heat pump and furnace based on outdoor temperatures. This dynamic adaptation optimizes efficiency and minimizes utility costs, particularly during extremely cold weather conditions. Furthermore, in addition to its energy efficiency benefits, this dual fuel system qualifies for various rebates and incentives, making it a cost-effective and eco-friendly choice for homeowners looking to reduce their environmental impact in heating and cooling their spaces.
In January 2023, Johnson Controls International PLC, a company headquartered in Ireland and known for its industrial machinery manufacturing, completed the acquisition of Hybrid Energy AS. This acquisition was executed for an undisclosed sum. Through this strategic acquisition, Johnson Controls expanded its capabilities in delivering high-temperature heat pumps and sustainable energy management solutions for applications related to district heating and industrial processes. This initiative aligns with the company's commitment to promoting decarbonization and sustainability in Europe and other regions. Hybrid Energy AS, based in Norway, specializes in manufacturing heat pumps tailored for district heating and industrial operations. The company is renowned for its high-temperature energy management solutions, and this acquisition strengthens Johnson Controls' position in the field.
Major companies operating in the warm air heating equipment market include Danfoss, Daikin, Mitsubishi Electric Corporation, WOLF GmbH, Johnson Controls Inc., Honeywell International Inc., Haier Group (China), Hitachi Appliances Inc. (Japan), Viessmann Werke GmbH & Co. KG, Bosch Thermotechnology, Carrier, Lucky Goldstar Electronics, NIBE Group, Lennox International Inc., Trane Technologies plc, Rheem Manufacturing Company, Goodman Manufacturing Company L.P., Fujitsu General Limited, Samsung Electronics Co. Ltd., Nortek Global HVAC LLC, Modine Manufacturing Company, Amana Corporation, Bryant Heating & Cooling Systems, American Standard Companies Inc., Armstrong Air Conditioning Inc., Broan-NuTone LLC, Burnham Holdings Inc., ClimateMaster Inc., Dunkirk Boilers, ECR International Inc., Friedrich Air Conditioning Co. Ltd., Heat Controller Inc., Heil Heating & Cooling Products, International Comfort Products LLC
The Asia-Pacific was the largest region in the warm air heating equipment market in 2024. North America was the second largest region in the warm air heating equipment market analysis. The regions covered in the warm air heating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the warm air heating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The warm air heating equipment market consist of sales of hybrid heat pumps, air source heat pumps, ground source heat pumps and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Warm Air Heating Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on warm air heating equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for warm air heating equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The warm air heating equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.