The global Heating Equipment market is expected to grow at noteworthy CAGR around 5.2 % throughout the forecast period and reach around US$ 52 billion by 2026.
Description: Heating equipments are required to ensure comfort winter, especially in colder climates. An NZEB must be designed to harness the power of sun through correct orientation, glass area, and insulation so as to reduce the need for heating. In residential application portable electric space heaters are common in India, although they are inefficient and should only be used, where no other options are possible. Small heat-pumps are getting popular in new residential buildings, these are often 3-4 times more efficient than electric space heaters. A heating equipment replaces heat that is lost through the shell of your house. How much energy your heating equipment requires to replace that lost heat depends on four factors: where the house is located (in colder places, the house will lose more heat); how big the house is; the energy efficiency of the house; and how energy efficient the heating equipment is.
In commercial buildings, steam or hot water boilers are used most commonly to generate heating. These boilers use electricity, natural gas, or fuel oil as the energy source. Larger heat-pump equipments are also available and can be used for efficient heating.
Heat recovery is highly recommended anytime a heating equipment is used, often the residual heat from the exhaust can be used for preheating or other low-grade heating application, enhancing the overall heating equipment efficiency.
Global Heating Equipment Market, By Product: Heat Pumps,Unitary Heaters,Boilers,Furnaces,Others
Global Heating Equipment Market, By Application: Industrial,Commercial,Residential
Global Heating Equipment Market, By Geography: North America,Europe,Asia-Pacific,Latin America,Middle East and Africa (MEA)
Some of the key players in this market are Johnson Controls; Ingersoll-Rand Plc; United Technologies Corporation; The Danfoss Group; Lennox International, Inc.; and Robert Bosch GmbH. Some other companies are Uponor Corporation; Honeywell International Inc.; Emerson Electric Co.; Schneider Electric SE; Mitsubishi Electric Corporation; Siemens AG; and Nortek, Inc.
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