U.S. Heating Equipment Market Analysis By Product (Heat Pumps, Furnaces, Boilers, Unitary Heaters, Others), By Application (Residential, Commercial, Industrial), Competitive Landscape, And Segment Forecasts, 2014 - 2025

Published: Mar, 2017 | Pages: 87 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)

The U.S. heating equipment market is anticipated to reach USD 4.98 billion by 2025, conferring to a new report by Grand View Research, Inc. Growing demand for energy efficient heating equipment and favorable government initiatives is projected to augment market demand over the coming years. The heat pumps segment occupied the largest share in 2015 on account of its increasing preference in the industrial and commercial sector. Heat pumps are very efficient in converting energy to heat at low operational cost.

Boilers and furnaces are extensively used heating system in the residential sector. Electric furnaces are gaining wide preference as they require less maintenance, are one of the least expensive, and are free from harmful emissions. Boilers are further categorized on the basis of product, size, and technology.

The growth of housing and construction sector for single and multi-unit dwelling is expected to boost the demand for over the coming years. The sluggish oil & gas prices have further facilitated the wide application of heating equipment in the U.S. industrial and residential segment

Favorable federal and state policies in the U.S. is projected to further drive the demand.Installing energy efficient heating system qualifies residential buyers to claim 10% of the cost of labor, professional preparation, and cost of installation. Rising awareness of greenhouse emissions has led to replacement of old heating equipment by new energy efficient solutions thereby facilitating the market growth.

Further key findings from the report suggest:

Heat pumps segment accounted for 33% of the market revenue in 2015

Heat pumps are used for temperatures with moderate heating and cooling requirements, thereby finds increased application in residential segment

Easy credit accessibility or financial support is anticipated to spur consumer spending on renovation and remodeling activities, which, in turn, will benefit the heating equipment market

Steam boilers accounted for the largest market share in 2015

ECO-Labelling of heating equipment is used to encourage and guide customers in their choice of products

The emergence of climate and energy as a political priority has spurred an increased interest in heating and energy efficiency gains to be realized within buildings

Key market players include Robert Bosch LLC, United Technologies Corporation, Emerson Electric, Ingersoll-Rand Plc, and Lennox International, American Heating Company Inc., Johnson Controls Inc., Honeywell International Inc., Burnham Holdings, Inc., and Rheem Manufacturing Company Inc.

 Table of Content

Chapter 1 Methodology and Scope
                    1.1 Research methodology
                    1.2 Research scope and assumptions
                    1.3 List of data sources
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
                    3.1 U.S. Heating equipment - Industry snapshot and key buying criteria
Chapter 4 U.S. Heating Equipment Market Variables, Trends & Scope
                    4.1 Market segmentation & scope
                    4.2 Penetration & growth prospect mapping
                    4.3 Value chain analysis
                    4.4 Raw material trend
                    4.5 Regulatory framework
                    4.6 Impact of combined heat and power (CHP) on boilers market
                         4.6.1 U.S. CHP potential
                         4.6.2 Policies in favor of CHP
                               4.6.2.1 Federal Policy
                               4.6.2.2 State Policy
                    4.7 Market dynamics
                         4.7.1 Market driver analysis
                               4.7.1.1 Favorable government policies
                               4.7.1.2 Growing repair and replacement activities
                               4.7.1.3 Increasing demand for energy efficient solutions
                         4.7.2 Market restraint analysis
                               4.7.2.1 High cost of installation
                    4.8 Industry analysis - Porter's
                    4.9 PESTEL analysis
Chapter 5 U.S. Heating Equipment: Product Estimates & Trend Analysis
                    5.1 Product movement analysis & market share, 2015 & 2025
                    5.2 Market size and trend analysis by product, 2014 - 2025 (USD Million)
                         5.2.1 Heat pumps
                               5.2.1.1 Market estimates & forecast, 2014 - 2025 (USD Million)
                         5.2.2 Furnaces
                               5.2.2.1 Market estimates & forecast, 2014 - 2025 (USD Million)
                         5.2.3 Boilers
                               5.2.3.1 Market estimates & forecast, 2014 - 2025 (USD Million)
                                     5.2.3.1.1 Market estimates & forecast by product, 2014 - 2025 (USD Million)
                                     5.2.3.1.2 Market estimates & forecast by capacity, 2014 - 2025 (USD Million)
                                     5.2.3.1.3 Market estimates & forecast by technology, 2014 - 2025 (USD Million)
                                     5.2.3.1.4 Water tube boilers market estimates & forecast by application, 2014 - 2025 (USD Million)
                                     5.2.3.1.5 Fire tube boilers market estimates & forecast by application, 2014 - 2025 (USD Million)
                         5.2.4 Unitary heaters
                               5.2.4.1 Market estimates & forecast, 2014 - 2025 (USD Million)
                         5.2.5 Others
                               5.2.5.1 Market estimates & forecast, 2014 - 2025 (USD Million)
Chapter 6 U.S. Heating Equipment: Application Estimates & Trend Analysis
                    6.1 Application movement analysis & market share, 2015 & 2025
                    6.2 Market size and trend analysis by application, 2014 - 2025 (USD Million)
                         6.2.1 Residential
                               6.2.1.1 Market estimates & forecast, 2014 - 2025 (USD Million)
                         6.2.2 Commercial
                               6.2.2.1 Market estimates & forecast, 2014 - 2025 (USD Million)
                         6.2.3 Industrial
                               6.2.3.1 Market estimates & forecast, 2014 - 2025 (USD Million)
Chapter 7 Competitive Landscape
                    7.1 Vendor landscape
                    7.2 Competitive environment
                    7.3 Company market positioning
                    7.3.1 Four quadrant positioning
                    7.4 Strategy framework
Chapter 8 Company Profiles
                    8.1 United Technologies Corporation
                         8.1.1 Company overview
                         8.1.2 Financial performance
                         8.1.3 Industries and services catered
                         8.1.4 Product benchmarking
                         8.1.5 Strategic initiatives
                    8.2 Ingersoll-Rand plc
                         8.2.1 Company overview
                         8.2.2 Financial performance
                         8.2.3 Industries and services catered
                         8.2.4 Product benchmarking
                         8.2.5 Strategic initiatives
                    8.3 Lennox International, Inc.
                         8.3.1 Company overview
                         8.3.2 Financial performance
                         8.3.3 Industries and services catered
                         8.3.4 Product benchmarking
                         8.3.5 Strategic initiatives
                    8.4 Burnham Holdings, Inc.
                         8.4.1 Company overview
                         8.4.2 Financial performance
                         8.4.3 Industries & services catered
                         8.4.4 Product benchmarking
                         8.4.5 Strategic initiatives
                    8.5 Johnson Controls, Inc.
                         8.5.1 Company overview
                         8.5.2 Financial performance
                         8.5.3 Industries & services catered
                         8.5.4 Product benchmarking
                         8.5.5 Strategic initiatives
                    8.6 Robert Bosch GmbH
                         8.6.1 Company overview
                         8.6.2 Financial performance
                         8.6.3 Industries & services catered
                         8.6.4 Product benchmarking
                         8.6.5 Strategic initiatives
                    8.7 Honeywell International, Inc.
                         8.7.1 Company overview
                         8.7.2 Financial performance
                         8.7.3 Industries & services catered
                         8.7.4 Product benchmarking
                         8.7.5 Strategic initiatives
                    8.8 Goodman Manufacturing Company, L.P.
                         8.8.1 Company overview
                         8.8.2 Financial performance
                         8.8.3 Industries & services catered
                         8.8.4 Product benchmarking
                         8.8.5 Strategic initiatives
                    8.9 Emerson Electric Company
                         8.9.1 Company overview
                         8.9.2 Financial performance
                         8.9.3 Industries & services catered
                         8.9.4 Product benchmarking
                         8.9.5 Strategic initiatives
                    8.10 Rheem Manufacturing Company, Inc.
                         8.10.1 Company overview
                         8.10.2 Industries & services catered
                         8.10.3 Product benchmarking
                         8.10.4 Strategic initiatives
                    8.11 American Heating Company, Inc.
                         8.11.1 Company overview
                         8.11.2 Industries & services catered
                         8.11.3 Product benchmarking

List of Tables

TABLE 1 Heating equipment - Regulatory framework
TABLE 2 Sites utilizing CHP
TABLE 3 Affected boilers in Midwest
TABLE 4 Heating equipment - Key market driver impact
TABLE 5 Heating equipment - Key market restraints impact
TABLE 6 Furnace: Average installation and equipment cost
TABLE 7 U.S. heating equipment market revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 8 U.S. heating equipment market estimates & forecast from heat pumps, 2014 - 2025 (USD Million)
TABLE 9 U.S. heating equipment market estimates & forecast from furnaces, 2014 - 2025 (USD Million)
TABLE 10 U.S. heating equipment market estimates & forecast from boilers, 2014 - 2025 (USD Million)
TABLE 11 U.S. heating equipment market estimates & forecast from boilers by product, 2014 - 2025 (USD Million)
TABLE 12 U.S. heating equipment market estimates & forecast from boilers by capacity, 2014 - 2025 (USD Million)
TABLE 13 U.S. heating equipment market estimates & forecast from boilers by technology, 2014 - 2025 (USD Million)
TABLE 14 U.S. water tube boilers market estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 15 U.S. fire tube boilers market estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 16 U.S. heating equipment market estimates & forecast from unitary heaters, 2014 - 2025 (USD Million)
TABLE 17 U.S. heating equipment market estimates & forecast from other products, 2014 - 2025 (USD Million)
TABLE 18 U.S. heating equipment market revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 19 U.S. heating equipment market estimates & forecast from residential, 2014 - 2025 (USD Million)
TABLE 20 U.S. heating equipment market estimates & forecast from commercial, 2014 - 2025 (USD Million)
TABLE 21 U.S. heating equipment market estimates & forecast from industrial, 2014 - 2025 (USD Million)