North America Heating Equipment Market Size & Outlook
The heating equipment market in North America is expected to reach a projected revenue of US$ 49,963.8 million by 2030. A compound annual growth rate of 8.4% is expected of North America heating equipment market from 2025 to 2030.
Revenue, 2024 (US$M)
$31,085.6
Forecast, 2030 (US$M)
$49,963.8
CAGR, 2025 - 2030
8.4%
Report Coverage
North America
North America Heating Equipment Market, 2018-2030 (US$M)
Global Market
Related Markets
North America heating equipment market highlights
- The North America heating equipment market generated a revenue of USD 31,085.6 million in 2024.
- The market is expected to grow at a CAGR of 8.4% from 2025 to 2030.
- In terms of segment, heat pump was the largest revenue generating product in 2024.
- Heat Pump is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 31,085.6 million |
| Market revenue in 2030 | USD 49,963.8 million |
| Growth rate | 8.4% (CAGR from 2025 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump, Unitary Heaters, Space Heating Boilers, Warm Air Furnace |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Mitsubishi Electric Corp, Emerson Electric Co, Daikin Industries Ltd, Trane Technologies PLC Class A, Robert Bosch Engineering & Business Solutions, Lennox International Inc, Johnson Controls International PLC, Midea Group, Hitachi Ltd, Rheem Manufacturing, Haier, Panasonic Holdings Corp, Danfoss A/S, Fujitsu Ltd, LG Electronics Inc ADR, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 22.7% of the global heating equipment market in 2024.
- 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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Publish Date: Apr 08, 2025
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Heating Equipment Market Scope
Heating Equipment Market segmentation & scope
Heating Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fujitsu Ltd | View profile | 124,055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | www.fujitsu.com |
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Mitsubishi Electric Corp | View profile | 149,134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | www.mitsubishielectric.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Emerson Electric Co | View profile | 67,000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | www.emerson.com |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | www.danfoss.com |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Daikin Industries Ltd | View profile | 107,127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | www.daikin.com |
North America Heating Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Heating Equipment Market Outlook will help companies and investors design strategic landscapes.
Heat Pump was the largest segment with a revenue share of 78.73% in 2024.
Horizon Databook has segmented the North America heating equipment market based on heat pump, unitary heaters, space heating boilers, warm air furnace covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Heating Equipment Market Product Outlook (Revenue, USD Million , 2018-2030)
- Heat Pump
- Unitary Heaters
- Warm Air Furnace
- Space Heating Boilers
- North America Heating Equipment Market Application Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Heating Equipment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Heating Equipment Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Heating Equipment Market, 2018-2030 (US$M)
North America heating equipment market statistics, by product, 2018-2030 (US$M)
