The need for energy
efficient heating equipment has led to the development of mechanical
systems which could provide the required heating environment in a
cost effective manner. With rapid growth in technology the heating
equipment are providing efficient solutions to reduce carbon
emissions in an economical manner. These systems can be classified as
either self-contained unit packages or as central systems. The
self-contained packages are usually used in residential and small
commercial spaces. The central heating systems are used in large
commercial building where access to outside air is restricted. The
market for heating equipments is directly influenced by many building
standards. The ISO is one such environmental standard which has
established principles related to building designs. The market for
heating equipment is anticipated to rise at a substantial pace in the
future due to increasing demand for effective heating solutions and
demand from the replacement market.
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Research Report of Heating Equipment Market :
The need for energy
efficient solutions is the primary driver encouraging investment in
the heating equipment market. The increasing energy bills and strict
environmental regulations have forced many industrial and commercial
organizations to install effective heating equipment in their
premises. The increasing need for remote access control systems has
also attracted investment in this market. Investment in heating
equipments has further escalated with the development of advanced
heating equipment which has sensors that can be controlled from
remote location. Lack of product differentiation is increasing
competition among the various market players and this acts a major
restraint for companies to enter the heating equipment market.
However, the development of new product segments in this market would
provide growth opportunities in the future years.
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The market for
heating equipment can be segmented on the basis of components
utilized in this market. The broad segments of this market are heat
pumps, boilers, warm air furnaces, zone heating equipment and
humidifiers. The market can also be segmented based upon end user
applications which include residential, commercial and industrial
spaces. Residential and small commercial spaces usually install small
units known as self contained packages to fulfill their energy needs.
Large commercial complexes employ central control heating equipments
to satisfy their energy requirements. The central systems are complex
structures, but are more effective and low maintenance systems
compared to self contained packages.
Asia Pacific is the
leading region to invest in the heating equipment market. The growing
industrial and commercial requirements in this region are the major
consumer of heating equipment in this region. The recovery of the
construction industry is another favorable factor encouraging
investment in the heating equipments market. China, India and Japan
are the major industrial nations which are investing in heating
equipment. The economic recovery of Europe will further provide
growth opportunities for this market. The replacement of old analog
systems with energy efficient systems is a major segment which is
attracting many market players to invest in this region. Growth in
North America is anticipated to be stagnant as this is a mature
market when compared to other regions.
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Some of the major
players in the heating equipment market are Honeywell International
Inc., LG Electronics Inc., Siemens Building Technologies AG,
Whirlpool Corporation, Emerson Electric Company, Panasonic
Corporation, Electrolux AB, Haier Group Company, Daikin Industries
Ltd. and Hitachi Ltd.
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