Air Heating Appliance Market Detailed Analysis of Current Industry Reach $16.8 billion by 2027
The air heating appliance market has witnessed significant growth increase in spending on home remodeling, and recovery in the commercial construction sector.
PORTLAND, OR, UNITED STATES, June 29, 2023/EINPresswire.com/ — The air heating appliance market refers to the industry involved in the manufacturing, distribution, and sale of appliances designed to provide heating solutions for indoor spaces. These appliances utilize various technologies to generate and distribute heat, helping to maintain comfortable temperatures in residential, commercial, and industrial settings. The global air heating appliance market size was valued at $12.5 billion in 2019, and is projected to reach $16.8 billion by 2027, registering a CAGR of 5.1% from 2020 to 2027.
The air heating appliance market is driven by factors such as changing climate conditions, increasing demand for energy-efficient heating solutions, and the need for comfort and convenience. Government regulations and initiatives promoting energy efficiency and sustainability also play a significant role in shaping the market.
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The increase in urbanization & industrialization in emerging countries such as India, China, the U.S., and others drives the demand for the air heating appliance market. In addition, stringent regulations considering the environmental norms have enforced various commercial organizations and industries to install heating equipment in their operating areas.
Key players in the air heating appliance market include manufacturers such as The key players profiled in the air heating appliance market report include Alfa Laval Corporate AB, Daikin Industries, Ltd, Danfoss A/S, Emerson Electric Co., General Electric Company, Ingersoll-Rand Plc, Johnson Controls International Plc, Lennox International Inc, Robert Bosch GmbH, and Vaillant Group. These companies invest in research and development to introduce innovative technologies, improve energy efficiency, and enhance user comfort.
Geographically, the market’s growth is influenced by factors such as climate patterns, population density, and economic development. Regions with colder climates tend to have a higher demand for heating appliances.
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The major players in the global air heating appliance companies have adopted partnership, acquisition, product launch, and product development as key developmental strategies to improve the footprint of air heating appliance market. For instance, in January 2018, Lennox International Inc launched a new SL280NV Gas Furnace. It is a highly efficient HVAC system. It is used to create better air inside or outside their homes. It is an eco-efficient furnace, with low NOx emission. It possesses features such as ultra-smart control, environment friendly, comfort, and lower emission.
In recent years, there has been a growing interest in smart and connected heating appliances. Integration with smart home systems, Wi-Fi connectivity, and the ability to control heating remotely via smartphone applications are becoming increasingly popular features in the market.
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Overall, the air heating appliance market is driven by the need for efficient and effective heating solutions in residential, commercial, and industrial settings. Advancements in technology, energy efficiency, and connectivity are expected to continue shaping the market as consumers and businesses seek more sustainable and convenient heating options.
David Correa
Allied Analytics LLP
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