The U.S. heating equipment market is anticipated to
reach USD 4.98 billion by 2025, conferring to a new report by Grand View
Research, Inc. Growing demand for energy efficient heating equipment and
favorable government initiatives is projected to augment market demand over the
coming years. The heat pumps segment occupied the largest share in 2015 on
account of its increasing preference in the industrial and commercial sector.
Heat pumps are very efficient in converting energy to heat at low operational
cost.
Boilers and furnaces are extensively
used heating system in the residential sector. Electric furnaces are gaining
wide preference as they require less maintenance, are one of the least
expensive, and are free from harmful emissions. Boilers are further categorized
on the basis of product, size, and technology.
The growth of housing and construction
sector for single and multi-unit dwelling is expected to boost the demand for
over the coming years. The sluggish oil & gas prices have further
facilitated the wide application of heating equipment in the U.S. industrial
and residential segment
Favorable federal and state policies
in the U.S. is projected to further drive the demand.Installing energy
efficient heating system qualifies residential buyers to claim 10% of the cost
of labor, professional preparation, and cost of installation. Rising awareness
of greenhouse emissions has led to replacement of old heating equipment by new
energy efficient solutions thereby facilitating the market growth.
Browse full research report on U.S. Heating Equipment Market: https://www.grandviewresearch.com/industry-analysis/us-heating-equipment-market
Further key findings from the report suggest:
- Heat
pumps segment accounted for 33% of the market revenue in 2015
- Heat
pumps are used for temperatures with moderate heating and cooling
requirements, thereby finds increased application in residential segment
- Easy
credit accessibility or financial support is anticipated to spur consumer
spending on renovation and remodeling activities, which, in turn, will
benefit the heating equipment market
- Steam
boilers accounted for the largest market share in 2015
- ECO-Labelling
of heating equipment is used to encourage and guide customers in their
choice of products
- The
emergence of climate and energy as a political priority has spurred an
increased interest in heating and energy efficiency gains to be realized
within buildings
- Key
market players include Robert Bosch LLC, United Technologies Corporation,
Emerson Electric, Ingersoll-Rand Plc, and Lennox International, American
Heating Company Inc., Johnson Controls Inc., Honeywell International Inc.,
Burnham Holdings, Inc., and Rheem Manufacturing Company Inc.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/us-heating-equipment-market/request/rs1
Grand View Research has segmented the U.S. heating equipment
market on the basis of product and application
U.S. Heating Equipment Product Outlook (Revenue, USD Million, 2014
- 2025)
- Heat
pumps
- Furnaces
- Boilers
- U.S.
boilers market product outlook
- Water
boilers
- Steam
boilers
- U.S.
boilers market size outlook
- <10
MMBtu/hr
- 10-50
MMBtu/hr
- 50-100
MMBtu/hr
- 100-250
MMBtu/hr
- >250
MMBtu/hr
- U.S.
boilers market technology outlook
- Water
tube boilers
- Fire
tube boilers
- Unitary
heaters
- Others
U.S. Heating Equipment Application Outlook (Revenue, USD Million,
2014 - 2025)
- Residential
- Commercial
- Industrial
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
No comments:
Post a Comment