Asia Pacific Heating Equipment Market Size & Outlook
The heating equipment market in Asia Pacific is expected to reach a projected revenue of US$ 96,676.2 million by 2030. A compound annual growth rate of 8.6% is expected of Asia Pacific heating equipment market from 2025 to 2030.
Revenue, 2024 (US$M)
$59,589.2
Forecast, 2030 (US$M)
$96,676.2
CAGR, 2025 - 2030
8.6%
Report Coverage
Asia Pacific
Asia Pacific heating equipment market, 2018-2030 (US$M)
Asia Pacific heating equipment market highlights
- The Asia Pacific heating equipment market generated a revenue of USD 51,833.6 million in 2022.
- The market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, heat pump was the largest revenue generating product in 2022.
- Heat Pump is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2022 | USD 51,833.6 million |
| Market revenue in 2030 | USD 96,676.2 million |
| Growth rate | 8.1% (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, Asia Pacific region accounted for 43.3% of the global heating equipment market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 96,676.2 million by 2030.
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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 |
|---|
Asia Pacific heating equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Heating Equipment Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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