Global Heating Equipment Market Size & Outlook, 2024-2030
The heating equipment industry worldwide is expected to reach a projected revenue of US$ 216,296.4 million by 2030. A compound annual growth rate of 8% is expected of the worldwide heating equipment industry from 2025 to 2030.
Revenue, 2024 (US$M)
$136,891.4
Forecast, 2030 (US$M)
$216,296.4
CAGR, 2025 - 2030
8%
Report Coverage
Worldwide
Global heating equipment market, 2018-2030 (US$M)
Global heating equipment market highlights
- The global heating equipment market generated a revenue of USD 119,691.5 million in 2022 and is expected to reach USD 216,296.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.7% by 2030.
- In terms of segment, heat pump accounted for a revenue of USD 119,691.5 million in 2022.
- Heat Pump is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
Global data book summary
| Market revenue in 2022 | USD 119,691.5 million |
| Market revenue in 2030 | USD 216,296.4 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump |
Other key industry trends
- In terms of revenue, the North America accounted for 22.8% of the global heating equipment market in 2022.
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Heating Equipment Market Scope
Heating equipment market segmentation & scope
Countries
U.S.
Canada
Mexico
Germany
France
Italy
Spain
Norway
China
Japan
India
South Korea
Australia
Brazil
Argentina
Saudi Arabia
UAE
Sweden
Finland
Heating Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global heating equipment market size, by regions, 2018-2030 (US$M)
Top 10 countries: Heating equipment market size, 2024 (US$M)
Global heating equipment market share, by product, 2024 & 2030 (%, US$M)
Heating equipment market: Opportunity assessment by country
Global heating equipment market, by region, 2024 (US$M)
Related regional statistics
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