Global Warm Air Heating Equipment Market Trends And Strategies Of Major Players In The Warm Air Heating Equipment Market 2021-2030
14 Sep, 2021
The warm air heating equipment market consists of sales of warm air heating equipment by entities (organizations, sole traders, and partnerships) that produce warm air heating equipment which are used to provide space heating for warehouses, retail sheds, sports centers, factories, and other buildings containing similarly large spaces.
Global Warm Air Heating Equipment Market Size And Drivers:
The global warm air heating equipment market is expected to grow from $121.66 billion in 2020 to $126.61 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $171.15 billion in 2025 at a CAGR of 7.8%. The growing demand for global warm air heating equipment market to meet the needs of the rising favorable measures to reduce carbon footprint is expected to drive the global warming air heating equipment.
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Trends In The Global Warm Air Heating Equipment Market
Companies are concentrating on developing smart devices to meet the requirements of the newly connected smart offices and homes. Homes and companies around the world are moving towards connected devices and industry players are engaged in developing smart devices, which enables optimized connectivity and preventive maintenance. For instance, in October 2020, Daikin Applied has expanded its line of SmartSource compact heat pumps for border range of application making it ideal for new construction and retrofits where area and budgets are limited. Similarly, in April 2020, LG Electronics USA has introduced an extended portfolio of energy-efficient residential air care products to include LG PuriCare 50 Pint Dehumidifier with Drain Pump for smooth everyday use. It is ergonomic and effective for residential use, controls humidity levels, and can be monitored or controlled from anywhere through the LG ThinQ smartphone app.
Global Warm Air Heating Equipment Market Segments:
The global warm air heating equipment market is further segmented –
By Product Type: Dehumidifiers, Heat Pumps, Humidifying Equipment
By Capacity: Small, Medium, Large
By Application: Residential, Commercial, Industrial
By Geography: The global warm air heating equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Warm Air Heating Equipment Market At:https://www.thebusinessresearchcompany.com/report/warm-air-heating-equipment-global-market-report
Warm Air Heating Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides warm air heating equipment market overviews, analyzes and forecasts market size and growth for the global warm air heating equipment market, warm air heating equipment market share, warm air heating equipment market players, warm air heating equipment market segments and geographies, warm air heating equipment market’s leading competitors’ revenues, profiles and market shares. The warm air heating equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.