Advancing Trends: Warm Air Heating Equipment Market

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, GREATER LONDON, UK, November 30, 2023 /EINPresswire.com/ -- The warm air heating equipment market has experienced robust growth, surging from $123.83 billion in 2023 to an estimated $133.66 billion in 2024, boasting an impressive Compound Annual Growth Rate (CAGR) of 7.9%. The momentum is expected to persist, with a projected expansion to $167.66 billion by 2028, reflecting a strong CAGR of 5.8%.

Market Driver: Carbon Footprint Reduction Initiatives

The pivotal driver steering the warm air heating equipment market is the adoption of measures to curtail carbon footprints. Globally, countries are committed to decarbonizing the environment for a sustainable future. Heating equipment, such as heat pumps, plays a significant role in achieving this goal by leveraging renewable energies. Major corporations, like Samsung Electronics and Pfizer Inc., have set ambitious environmental agendas, aiming for net-zero carbon emissions and substantial reductions in greenhouse gas emissions. This commitment to reduce carbon footprints aligns with the growth trajectory of the warm air heating equipment market.

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Market Segmentation
1) By Product Type: Dehumidifiers, Heat Pumps, Humidifying Equipment
2) By Capacity: Small, Medium, Large
3) By Application: Residential, Commercial, Industrial

Emerging Trend: Smart Heating Solutions for Connected Spaces

An emerging trend in the warm air heating equipment market is the development of smart devices catering to the needs of connected smart offices and homes. Companies are focusing on creating intelligent devices that offer optimized connectivity and facilitate preventive maintenance. For example, Daikin Industries has introduced an updated wall-mounted indoor unit designed for use with heat pumps, combining advanced technology and sleek design. This product not only replaces traditional boiler systems with energy-efficient heat pump technology but also contributes to the decarbonization of building premises. The incorporation of smart controls, such as Daikin's eco-control Onecta app, ensures enhanced energy efficiency and comfort, aligning with the global shift towards connected living and working spaces.

Regional Dynamics: Asia-Pacific Takes the Lead

As of 2023, the warm air heating equipment market is dominated by the Asia-Pacific region, holding the position of the largest market. North America follows closely as the second-largest region, contributing significantly to the overall market analysis.

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Warm Air Heating Equipment Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Warm Air Heating Equipment Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on warm air heating equipment market size, warm air heating equipment market drivers and trends, warm air heating equipment market major players, warm air heating equipment market competitors' revenues, warm air heating equipment market positioning, and market growth across geographies. The warm air heating equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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