What is the future of Industrial & Residential Heating Market? Know Covid Impact on Size, Share & Forecasts

Industrial & residential heating market is likely to witness a CAGR of 5.3% during the forecast period.

Jun 24,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Industrial & Residential Heating Market.


Industrial & residential heating market is likely to witness a CAGR of 5.3% during the forecast period. The prime factor contributing to the increasing demand for industrial & residential heating systems is the increasing adoption of sustainable and smart technologies to meet the stringent regulations related to carbon emission reduction.

Industrial & residential heating systems are used to maintain indoor temperature through thermal energy. They can be centralized or distributed heating systems. In central heating system, wood or fuel is burned in an appliance to generate heat. Commercial heating systems are different from residential heating systems as the former cover a larger area divided into different departments. So, it uses either radiant or warm air.


This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.


Based on the wood & pellet heating type, the market is segmented as fireplaces, catalytic wood stoves, masonry heaters, and boilers. Catalytic wood stoves are expected to remain the dominant segment during the forecast period. They are suitable for longer and overnight burns with low emission. They are the most efficient stove available in the market.


In terms of regions, Europe is estimated to remain the largest market during the forecast period driven by cold climate and significant investment on heating system deployment in residential and industrial sectors. Better air quality, low thermal losses, low greenhouse gas emission are the prime factor contributing to the growth of the market.

Key Players:               

  • Ariston Thermo Group SpA

  • Babcock and Wilcox Enterprises Inc.

  • Blaze King Industries

  • Chazelles

  • Hurst Boiler and Welding Co Inc.

  • Jotul AS

  • Mitsubishi Hitachi Power Systems Ltd.

  • Regency Fireplace Products

  • Tulikivi Corporation

  • Viessmann Group

  • Others


Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

 

The Industrial & residential heating market analysis report discusses the following heads in great detail:

·         Market structure: Overview, industry life cycle analysis, supply chain analysis

·         COVID-19 Impact Assessment

·         Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

·         Market trend and forecast analysis

·         Market segment trend and forecast

·         Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·         Attractive market segments and associated growth opportunities

·         Emerging trends

·         Strategic growth opportunities for the existing and new players

·         Key success factors 


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