U.S. Commercial Heating Equipment Market Size, Share & Trends Analysis Report By Product (Heat Pump, Furnace), By Building Floorspace, By End-use (Hospitality, Offices), By Region, And Segment Forecasts, 2024 - 2030
- Report ID: GVR-4-68040-051-8
- Number of Pages: 125
- Format: Electronic (PDF)
- Historical Range: 2018 - 2023
- Industry: Advanced Materials
Market Segmentation
- U.S. Commercial Heating Equipment Product Outlook (Revenue, USD Billion, 2018 - 2030)
- Heat Pump
- By Capacity
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- above 360,000
- By Type
- Water-Borne Heat Pump
- up to 35 °C
- 35 to 45 °C
- 46 to 60 °C
- 61 to 80 °C
- above 80 °C
- Air-Borne Heat Pump
- Water-Borne Heat Pump
- By Capacity
- Furnace
- By Capacity
- Up to 350,000
- 350,001 to 550,000
- 550,001 to 750,000
- 750,001 to 950,000
- above 950,000
- By Capacity
- Boiler
- By Capacity
- up to 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- above 250 MMBtu/hr
- By Type
- Condensing
- Non-condensing
- By Capacity
- Unitary Heaters
- By Capacity
- up to100,000
- 100,001 - 250,000
- 250,001 - 500,000
- above 500,000
- By Capacity
- Others
- Heat Pump
- U.S. Commercial Heating Equipment End-use Outlook (Revenue, USD Billion, 2018 - 2030)
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools & Educational
- Others
- U.S. Commercial Heating Equipment Building Floorspace Outlook (Revenue, USD Billion, 2018 - 2030)
- Up to 5,000 sq. ft.
- 5,001 to 10,000 sq. ft
- 10,001 to 25,000 sq. ft
- 25,001 to 50,000 sq. ft
- 50,001 to 100,000 sq. ft
- above 100,000 sq. ft
- U.S. Commercial Heating Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- Northeast
- Northeast Commercial Heating Equipment Market, By Product
- Heat Pump
- By Capacity
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- above 360,000
- By Type
- Water-Borne Heat Pump
- up to 35 °C
- 35 to 45 °C
- 46 to 60 °C
- 61 to 80 °C
- above 80 °C
- Air-Borne Heat Pump
- Water-Borne Heat Pump
- By Capacity
- Furnace
- By Capacity
- Up to 350,000
- 350,001 to 550,000
- 550,001 to 750,000
- 750,001 to 950,000
- above 950,000
- By Capacity
- Boiler
- By Capacity
- up to 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- above 250 MMBtu/hr
- By Type
- Condensing
- Non-condensing
- Unitary Heaters
- By Capacity
- up to100,000
- 100,001 - 250,000
- 250,001 - 500,000
- above 500,000
- Others
- Heat Pump
- Northeast Commercial Heating Equipment Market, By End-use
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools & Educational
- Others
- Northeast Commercial Heating Equipment Market, By Building Floorspace
- Up to 5,000 sq. ft.
- 5,001 to 10,000 sq. ft
- 10,001 to 25,000 sq. ft
- 25,001 to 50,000 sq. ft
- 50,001 to 100,000 sq. ft
- above 100,000 sq. ft
- Northeast Commercial Heating Equipment Market, By Product
- Southeast
- Southeast Commercial Heating Equipment Market, By Product
- Heat Pump
- By Capacity
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- above 360,000
- By Type
- Water-Borne Heat Pump
- up to 35 °C
- 35 to 45 °C
- 46 to 60 °C
- 61 to 80 °C
- above 80 °C
- Air-Borne Heat Pump
- Water-Borne Heat Pump
- By Capacity
- Furnace
- By Capacity
- Up to 350,000
- 350,001 to 550,000
- 550,001 to 750,000
- 750,001 to 950,000
- above 950,000
- By Capacity
- Boiler
- By Capacity
- up to 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- above 250 MMBtu/hr
- By Type
- Condensing
- Non-condensing
- Unitary Heaters
- By Capacity
- up to100,000
- 100,001 - 250,000
- 250,001 - 500,000
- above 500,000
- Others
- Heat Pump
- Southeast Commercial Heating Equipment Market, By End-use
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools & Educational
- Others
- Southeast Commercial Heating Equipment Market, By Building Floorspace
- Up to 5,000 sq. ft.
- 5,001 to 10,000 sq. ft
- 10,001 to 25,000 sq. ft
- 25,001 to 50,000 sq. ft
- 50,001 to 100,000 sq. ft
- above 100,000 sq. ft
- Southeast Commercial Heating Equipment Market, By Product
- Midwest
- Midwest Commercial Heating Equipment Market, By Product
- Heat Pump
- By Capacity
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- above 360,000
- By Type
- Water-Borne Heat Pump
- up to 35 °C
- 35 to 45 °C
- 46 to 60 °C
- 61 to 80 °C
- above 80 °C
- Air-Borne Heat Pump
- Water-Borne Heat Pump
- By Capacity
- Furnace
- By Capacity
- Up to 350,000
- 350,001 to 550,000
- 550,001 to 750,000
- 750,001 to 950,000
- above 950,000
- By Capacity
- Boiler
- By Capacity
- up to 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- above 250 MMBtu/hr
- By Type
- Condensing
- Non-condensing
- Unitary Heaters
- By Capacity
- up to100,000
- 100,001 - 250,000
- 250,001 - 500,000
- above 500,000
- Others
- Heat Pump
- Midwest Commercial Heating Equipment Market, By End-use
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools & Educational
- Others
- Midwest Commercial Heating Equipment Market, By Building Floorspace
- Up to 5,000 sq. ft.
- 5,001 to 10,000 sq. ft
- 10,001 to 25,000 sq. ft
- 25,001 to 50,000 sq. ft
- 50,001 to 100,000 sq. ft
- above 100,000 sq. ft
- Midwest Commercial Heating Equipment Market, By Product
- Southwest
- Southwest Commercial Heating Equipment Market, By Product
- Heat Pump
- By Capacity
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- above 360,000
- By Type
- Water-Borne Heat Pump
- up to 35 °C
- 35 to 45 °C
- 46 to 60 °C
- 61 to 80 °C
- above 80 °C
- Air-Borne Heat Pump
- Water-Borne Heat Pump
- By Capacity
- Furnace
- By Capacity
- Up to 350,000
- 350,001 to 550,000
- 550,001 to 750,000
- 750,001 to 950,000
- above 950,000
- By Capacity
- Boiler
- By Capacity
- up to 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- above 250 MMBtu/hr
- By Type
- Condensing
- Non-condensing
- Unitary Heaters
- By Capacity
- up to100,000
- 100,001 - 250,000
- 250,001 - 500,000
- above 500,000
- Others
- Heat Pump
- Southwest Commercial Heating Equipment Market, By End-use
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools & Educational
- Others
- Southwest Commercial Heating Equipment Market, By Building Floorspace
- Up to 5,000 sq. ft.
- 5,001 to 10,000 sq. ft
- 10,001 to 25,000 sq. ft
- 25,001 to 50,000 sq. ft
- 50,001 to 100,000 sq. ft
- above 100,000 sq. ft
- Southwest Commercial Heating Equipment Market, By Product
- West
- West Commercial Heating Equipment Market, By Product
- Heat Pump
- By Capacity
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- above 360,000
- By Type
- Water-Borne Heat Pump
- up to 35 °C
- 35 to 45 °C
- 46 to 60 °C
- 61 to 80 °C
- above 80 °C
- Air-Borne Heat Pump
- Water-Borne Heat Pump
- By Capacity
- Furnace
- By Capacity
- Up to 350,000
- 350,001 to 550,000
- 550,001 to 750,000
- 750,001 to 950,000
- above 950,000
- By Capacity
- Boiler
- By Capacity
- up to 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- above 250 MMBtu/hr
- By Type
- Condensing
- Non-condensing
- Unitary Heaters
- By Capacity
- up to100,000
- 100,001 - 250,000
- 250,001 - 500,000
- above 500,000
- Others
- Heat Pump
- West Commercial Heating Equipment Market, By End-use
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools & Educational
- Others
- West Commercial Heating Equipment Market, By Building Floorspace
- Up to 5,000 sq. ft.
- 5,001 to 10,000 sq. ft
- 10,001 to 25,000 sq. ft
- 25,001 to 50,000 sq. ft
- 50,001 to 100,000 sq. ft
- above 100,000 sq. ft
- West Commercial Heating Equipment Market, By Product
- Northeast
U.S. Commercial Heating Equipment Market Dynamics
Driver: Favorable Government Policies
The Government of the U.S. has become highly conscious of the problems linked with the usage of fossil fuels. As such, it is promoting the usage of environment-friendly alternatives for these fuels. Various standards are currently being introduced in the country to lessen the environmental footprint of the construction industry. When both, direct and indirect emissions are considered, buildings have a relatively substantial carbon footprint. According to the International Energy Agency, in 2021, the use of fossil fuels in buildings accounted for approximately 8% of global energy-related and process-related carbon dioxide emissions, with approximately 19% resulting from the generation of heat and electricity used in buildings or commercial spaces and an approximately 6% resulting from the manufacturing of steel, cement, and aluminum used in buildings and construction applications.
Driver: Growing Repair and Replacement Activities
The graph below depicts construction spending in the U.S. in January, September, and October 2022. According to the U.S. Census Bureau, construction spending in the country in January 2023 was USD 1,825.70 billion, which is less than the construction spending of the order of USD 1,827.51 billion witnessed in the U.S. in December 2022. The graph below reveals that commercial construction spending in the country rose at an alarming rate. Furthermore, commercial construction spending rose from USD 120.10 billion in September 2022 to USD 125.87 billion in October 2022, while lodging and hotel construction spending in the U.S. increased to USD 21.85 billion and USD 89.97 billion in September 2022 and October 2022, respectively.
Restraint: High Costs of Installation
The cost of installation of commercial heating equipment in the U.S. is accompanied by significant labor costs and drilling and excavation prices. Heating systems require fine-tuning and the special construction of parts during their installation to ensure optimal operations of these systems, or else they will fail prematurely. The cost of replacing old heating systems covers the removal and disposal of old units, along with the deployment of new lines, ducts, and wires to ensure the effective functioning of new heating systems. The capital investments necessary for installing new heating systems in commercial establishments are more than that required in residential buildings. Issues including design, ductwork, remote accessibility, and energy efficiency of commercial heating equipment must all be considered.
What Does This Report Include?
This section will provide insights into the contents included in this U.S. commercial heating equipment market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
U.S. commercial heating equipment market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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U.S. commercial heating equipment market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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