Global Heat Treating Market

Heat-treated steel plates refer to a process of manufacturing steel plates by rapid heating and cooling, which modifies steel's physical and occasionally chemical characteristics and affects the material's mechanical qualities to give them properties such as improved surface stiffness, temperature tolerance, ductility, and resilience, which is expected to help them last longer. The main types of heat-treated steel plates are carbon steel, alloy steel, and stainless steel. Carbon steel refers to a type of heat-treated steel plant that is used in pipes, crankshafts, cutting tools, and so on. The different types of heat treatments include annealing, tempering, normalizing, and quenching and are used by several sectors such as automotive and heavy machinery, building and construction, shipbuilding and off-shore structures, energy and power, and others. The heat-treated steel plates market research report is one of a series of new reports from The Business Research Company that provides heat-treated steel plate market statistics, including global market size, regional shares, competitors with a heat-treated steel plate market share, detailed heat-treated steel plate market segments, market trends and opportunities, and any further data you may need to thrive in the heat-treated steel plate industry. This heat-treated steel plate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global heat treated steel plates market size grew from $64.55 billion in 2022 to $68.5 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heat treated steel plates market size is expected to grow to $83.48 billion in 2027 at a CAGR of 5.1%. The increasing number of shipbuilding activities is significantly driving the growth of the heat-treated steel plate market. Heat-treated steel plates are used in the construction of cargo and passenger ships, offshore drilling platforms, boats, and other structures and vessels. According to UNCTAD’s review of maritime transport 2021, ship deliveries were reduced by 12% in 2020, owing primarily to COVID lockdown-induced labour shortages. However, there has been a rise in new orders since early 2021. The first half of 2021 saw the highest level of new shipbuilding investment since the first half of 2014, with record-breaking orders for container ships nearly eight times that of the first half of 2020. This increasing number of shipbuilding activities will invariably create a huge demand for heat-treated steel plates. Hence, the growing number of shipbuilding activities is expected to propel the growth of the heat-treated steel plate market over the coming years. Business collaboration is a key trend gaining popularity in the heat-treated steel plate market. Major companies operating in the heat-treated steel plate sector are focused on business collaboration through business contracts, MoUs, and strategic partnerships to strengthen their position. For instance, in July 2021, Tenova LOI Thermprocess, a leading global company in the field of heat treatment plants based in Essen, has been contracted by VIZ-Stal, part of the Russian NLMK Group, to supply a decarburization and coating line (DCL) for VIZ-Ekaterinburg Stal's factory in Russia. The contract involves heat treatment, mechanical and process equipment engineering, supply and monitoring, and related electrical, measurement, and control systems for a DCL line. In December 2020, Arjas Steel, one of India's top alloy steel makers, acquired Modern Steels' steel, auto components, and heat treatment equipment for an undisclosed sum. This acquisition provides Arjas Steel with a manufacturing base and a total capacity of 4,50,000 tonnes in specialty steel for the automotive sector, stainless steel, and bright bars. Modern Steels meets the needs of the engineering, automotive, bearing, and allied industries for special and alloy steel-hot rolled bars. Major players in the heat-treated steel plates market are Arcelormittal S.A., ThyssenKrupp AG, POSCO, Tata Steel Limited, Baosteel Group, Outokumpu, JFE Holdings, Nippon Steel Corporation, Novolipetsk Steel, Essar Steel, Gerdau S.A., Jiangsu Shagang Group, US Steel, Ansteel Group Corporation Limited. Asia-Pacific was the largest region in the heat-treated steel plates market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the heat-treated steel plates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the heat-treated steel plates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The market for heat-treated steel plates consists of sales of manganese steel, nickel steel, nickel-chromium steel, and carbon-molybdenum steel.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global heat treated steel plates market is segmented - 1) By Type: Carbon Steel, Alloy Steel, Stainless Steel 2) By Heat Treatment Type: Annealing, Tempering, Normalizing, Quenching 3) By End-user: Automotive and Heavy Machinery, Building and Construction, Ship Building and Off-Shore Structures, Energy and Power, Other End-user Industries

Heating equipment is a device that generates heat to regulate a space's temperature using thermal energy. A freestanding stove, fireplace, or non-electric stove are some heating devices intended to generate heat for a room or indoor area. Heating equipment are also used in laboratories for experiments and other industrial purposes. The main types of heating equipment are heat pumps, furnaces, boilers, unitary heaters, and others. A heat pump is a device that uses electric or mechanical methods to move heat from one location to another. Heat pumps are used to make the warm space warmer and the cool space cooler by transferring heat from one to the other. The different technologies include water source, and ground source that are used in residential, commercial, and industrial applications. The heating equipment market research report is one of a series of new reports from The Business Research Company that provides heating equipment market statistics, including heating equipment industry global market size, regional shares, competitors with a heating equipment market share, detailed heating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the heating equipment industry. This heating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global heating equipment market size grew from $36.35 billion in 2022 to $40.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The heating equipment market size is expected to grow to $51.08 billion in 2027 at a CAGR of 6.2%. The growing demand for construction industry is expected to propel the growth of the heating equipment market going forward. The construction sector refers to the organizations that deals with creating, maintaining, and repairing infrastructures. The growing construction industry uses heating equipment such as heat pumps to provide heating and cooling in large as well as medium-sized buildings. For instance, in June 2021, according to a report published by Canada’s national statistical agency, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in April 2021. Furthermore, in the 2022 US Construction Cost Trends report, the US total construction spending has increased by 16% since the pandemic’s onset. Therefore, growth in the global construction industry is driving the growth of the heating equipment market. Technological advancements are a key trend gaining popularity in the heating equipment market. Major companies operating in the market are using new technologies, such as injection technology, to sustain their position in the market. For instance, in January 2021, M-TEC GmbH, an Austrian manufacturer, launched efficient heat pumps for large-scale operations. The power series heat pumps are more efficient due to their larger evaporators, larger fans, and innovative injection technology. In June 2021, Enerquip, a US-based manufacturer of sanitary and industrial heating and cooling solutions, acquired American Heating Co. Inc. for an undisclosed amount. With this acquisition, Enerquip aims to carry on American Heating Company's legacy of delivering a high-quality product in an ethical manner. American Heating Co. Inc. is a US-based manufacturer of heating equipment. Major players in the heating equipment market are Danfoss A/S, United Technologies Corporation, Trane Technologies plc, Lennox International Inc., Robert Bosch GmbH, Johnson Controls, Emerson Electric Co., Honeywell International Inc., Siemens AG, Daikin Industries Ltd., Uponor Corporation, Mitsubishi Electric Corporation, Nortek Inc., Pentair, and Nexans. Europe was the largest region in the heating equipment market in 2022. The regions covered in the heating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the heating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The heating equipment market consists of sales of heat distribution systems, small space heaters, wood and pellet heater. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global heating equipment market is segmented - 1) By Product: Heat Pumps, Furnaces, Boilers, Unitary Heaters, Other Products 2) By Technology: Air Source, Water Source, Ground Source 3) By Application: Residential, Commercial, Industrial

The ventilation, heating, air-conditioning, and commercial refrigeration equipment refers to equipment used for ventilating, heating, and cooling of commercial buildings. This equipment includes both a central heating unit and a central cooling system. This equipment is used to operate complex environmental systems efficiently. The main types of ventilation, heating, air-conditioning, and commercial refrigeration equipment are HVAC and commercial and industrial refrigeration equipment, commercial fan, and air purification equipment, and heating equipment (except warm air furnaces). The commercial fan and air purification equipment refer to the equipment that is used for the purification of air. The various cAsia-Pacificity includes small, medium, and large. The various end-users are residential, commercial, and industrial. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides ventilation, heating, air-conditioning, and commercial refrigeration equipment market statistics, including ventilation, heating, air-conditioning, and commercial refrigeration equipment industry global market size, regional shares, competitors with ventilation, heating, air-conditioning, and commercial refrigeration equipment market share, detailed ventilation, heating, air-conditioning, and commercial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the ventilation, heating, air-conditioning, and commercial refrigeration equipment industry. This ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market grew from $557.38 billion in 2022 to $591.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market is expected to grow to $729.35 billion in 2027 at a CAGR of 5.4%. The ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Geothermal heating and cooling technology are becoming popular because of the surge in demand for energy-efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground and it uses cool water from the ground to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy. Major companies in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market include Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Hitachi Ltd., Ingersoll-Rand Plc, Honeywell International Inc., Carrier Corporation, Danfoss GmbH, Atlas Copco AB, and Panasonic Corporation. The Asia-Pacific was the largest region in The ventilation, heating, air-conditioning, and commercial refrigeration equipment market in 2022. North America was the second-largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market. The regions covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market consists of sales of ventilation, heating, air-conditioning, and commercial refrigeration equipment, including heating equipment (except warm air furnaces), air-conditioning, and warm air heating equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is segmented - 1) By Type: HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces) 2) By Capacity: Small, Medium, Large 3) By End-Use: Residential, Commercial, Industrial Subsegments Covered: HVAC Equipment, Commercial And Industrial Refrigeration Equipment, Polystyrene Foam Products, Urethane And Other Foam Product, Air Purification Equipment, Attic And Exhaust fans, Other Commercial Fan And Air Purification Equipment, Heating Boilers, Heating Stoves, Floor And Wall Furnaces, Other Heating Equipment (except Warm Air Furnaces)

Heat pumps refer to an apparatus that move heat from a cool space to a warm space, making the cool space cooler and the warm space warmer. The main product types of heat pumps are air source, air-to-air, air-to-water, water source, and ground source. Ground source heat pumps are highly effective space heating and cooling technologies that is extracting heat from the ground. The rated capacity is up to 10 kW, 10–20 kW, 20–30 kW, and above 30 kW. The various end-users involved are residential, commercial, and industrial. The heat pumps market research report is one of a series of new reports from The Business Research Company that provides heat pumps market statistics, including heat pumps industry global market size, regional shares, competitors with a heat pumps market share, detailed heat pumps market segments, market trends and opportunities, and any further data you may need to thrive in the heat pumps industry. This heat pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global heat pumps market size will grow from $115.74 billion in 2022 to $127.71 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global heat pumps market size is expected to grow to $160.04 billion in 2027 at a CAGR of 5.8%. Government regulations and policies to improve energy efficiency are boosting the demand for renewable energy sources, thereby contributing to the growth of the heat pumps market. Heat pumps offer a low carbon footprint, minimal installation time, and reduce energy consumption in the household and industrial applications. Energy efficiency has tremendous potential to boost economic growth and reduce greenhouse gas emissions. The government of various countries is adopting energy conservation policies. For instance, the UK government formed an Energy Efficiency Office embracing various departments to monitor, coordinate, and develop energy conservation policies. Moreover, in the USA, all industries consuming more than one million GJ/A (100) are required to report their energy conservation and consumption efforts to the Department of Energy for seeking guidance on greater efficiency of energy use. Therefore, growing efforts to reduce energy usage is likely to propel the demand for energy-efficient products including heat pumps. The coronavirus outbreak restricted the growth of the heat pumps market. Governments across the world imposed restrictions on the movement of people, resulting in supply chain disruptions. COVID-19 lockdowns forced many industries to shut down or operate with minimum capacity, hampering the revenues of various industries including the HVAC (heating, ventilation, and air conditioning) industry. For instance, Lennox International Inc., a US-based provider of climate control products for air conditioning, heating, ventilation, and refrigeration, depends heavily on a complex global supply chain. The company has manufacturing facilities in Georgia, Arkansas, Mississippi, and South Carolina, and the company’s network includes local and regional distribution stores and centers. The company is also engaged in selling products through contractors and dealers, therefore COVID-19 lockdown restrictions have impacted Lennox’s ability to deliver its products to the customers, thus restraining the market growth of the heat pumps during the period. Major companies operating in the heat pumps industry are focusing on developing new technology for cost-effective heating, which is likely to gain popularity in the heat pumps market. The heat pump manufacturers are developing new pump technology including contractor-friendly designs, higher efficiencies, and innovative two-stage compressors that run at lower speeds, consume less energy, and are cost-effective. For instance, in July 2020, Daikin Industries, Ltd. announced the launch of Daikin SmartSource, Dedicated Outdoor Air System (DOAS). It is a next-generation heat pump technology that allows efficient and cost-effective cooling and heating in all conditions and achieves 49% higher efficiency than other heat pumps. In March 2020, NIBE Industrier AB (NIBE Group), a Sweden-based provider of energy-efficient solutions for homes, acquired WATERKOTTE GmbH for an undisclosed amount. The acquisition of WATERKOTTE GmbH is expected to help NIBE Industrier AB to strengthen its position in the European heat pump market, especially in Germany. Furthermore, WATERKOTTE GmbH will also provide the company with access to handling large projects and heat pumps with higher capacity. WATERKOTTE GmbH is a German-based company engaged in manufacturing and selling advanced heat pumps and integrated sustainable energy solutions for single-family homes and commercial applications. Major players in the heat pumps market are Daikin Industries Ltd., Carrier, NIBE, Mitsubishi Electric Corporation, LG, Johnson Controls, Hitachi, Robert Bosch GmbH, Stiebel Eltron, and Ingersoll Rand. The Asia-Pacific was the largest region in the heat pumps market in 2022. North America was the second largest region in the global heat pumps market. The regions covered in the global heat pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the heat pumps market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The heat pumps market consists of sales of closed loop, open loop and direct expansion ground-source heat pump. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global heat pumps market is segmented - 1) By Product Type: Air Source, Air-to-Air, Air-to-Water, Water Source, Ground Source 2) By Rated Capacity: Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW 3) By End User: Residential, Commercial, Industrial

The warm air heating equipment refer to equipment that produce warm air to provide space heating for warehouses, retail sheds, sports centres, factories, and other buildings containing similarly large spaces. The main product types are dehumidifiers, heat pumps, and humidifying equipment. A heat pump refers to a heat engine running in the reverse direction. The capacity is small, medium, and large. The various applications involved are residential, commercial, and industrial. The warm air heating equipment market research report is one of a series of new reports from The Business Research Company that provides warm air heating equipment market statistics, including warm air heating equipment industry global market size, regional shares, competitors with a warm air heating equipment market share, detailed warm air heating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the warm air heating equipment industry. This warm air heating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global warm air heating equipment market size will grow from $124.43 billion in 2022 to $136.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global warm air heating equipment market size is expected to grow to $170.58 billion in 2027 at a CAGR of 5.7%. Favorable measures to reduce carbon footprint are expected to drive the warm air heating equipment market’s growth. Countries all over the world are working towards decarbonizing the environment for a sustainable environment and making the world a better place. Warm air heating equipment like a heat pump reduces carbon footprints by using renewable energies. According to the World Resources Institute, in September 2020, China plans to achieve carbon neutrality by 2060. Europe wants to become the world’s first climate-neutral continent by 2050, and the European Commission aims to reduce emissions by at least 55% by 2030. Moreover, Daikin, a global HVAC manufacturer expressed its support for Europe’s Green Deal and believes constant innovations in heat pump technology will help decarbonize Europe by combining decarbonization with sustainable economic growth. Hence, favorable measures by companies and the government to reduce carbon footprints support the growth of the warm air heating equipment market. The high upfront cost associated with warm air heating equipment is anticipated to hinder the warm air heating equipment market. The cost of installation includes equipment cost, installation cost, and other related costs. For instance, the average cost of installation for a new heat pump is $5,613. The mid-quality heat pump costs range between $100 and $2,800. Furthermore, the final costs can reach up to $20,000 that including labor, contractor’s fees, and permit costs. The high cost restricts individuals or small and medium enterprises from buying warm air heating equipment, thereby obstructing the market’s growth. 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 toward connected devices and industry players are engaged in developing smart devices, which enable optimized connectivity and preventive maintenance. For instance, in October 2020, Daikin Applied expanded its line of SmartSource compact heat pumps for a broader range of applications making it ideal for new construction and retrofits where area and budgets are limited. Similarly, in April 2020, LG Electronics USA introduced an extended portfolio of energy-efficient residential air care products including 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. In March 2020, NIBE Group, a Sweden-based company that produces and builds intelligent, energy-efficient indoor comfort solutions for all kinds of properties acquired WATERKOTTE GmbH for an undisclosed amount. This acquisition is predicted to strengthen NIBE Group’s position in the European heat pump market, particularly in Germany, and also gives them access to expertise for managing larger projects as well as heat pumps. WATERKOTTE GmbH Germany-based manufacturer of innovative, advanced heat pump systems and integrated sustainable energy solutions for both single-family homes and commercial applications. Major players in the warm air heating equipment market are Danfoss, Daikin, Mitsubishi Electric Corporation, WOLF GmbH, Johnson Controls Inc., Honeywell International Inc., Haier Group (China), Hitachi Appliances Inc. (Japan), Viessmann, and Bosch Thermotechnology. The Asia-Pacific was the largest region in the warm air heating equipment market in 2022. North America was the second largest region in the global warm air heating equipment market. The regions covered in the global warm air heating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the warm air heating equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The warm air heating equipment market consist of sales of hybrid heat pumps, air source heat pumps, ground source heat pumps and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global warm air heating equipment market is segmented - 1) By Product Type: Dehumidifiers, Heat Pumps, Humidifying Equipment 2) By Capacity: Small, Medium, Large 3) By Application: Residential, Commercial, Industrial

The underfloor heating are systems that are used to warm the floor or act as a primary heat source. Underfloor heating works by distributing a lower temperature of warm water through a circuit of pipes under the finished floor. Intelligent thermostats then monitor and control the heat to maintain a consistent temperature throughout the property or individual zones. The main types of underfloor heating are hydronic underfloor heating and electric underfloor heating. A hydronic underfloor heating system consists of a network of pipes running beneath the floor with hot water heated by a boiler flowing through the pipes to heat the substrate and, as a result, the room. Heating cables are used for the comfortable radiant heating of new or refurbished commercial buildings. The installations are of two types: new installations and retrofit installations. Underfloor heating is used in residential, commercial, institutional, and industrial areas. The underfloor heating market research report is one of a series of new reports from The Business Research Company that provides underfloor heating market statistics, including underfloor heating industry global market size, regional shares, competitors with an underfloor heating market share, detailed underfloor heating market segments, market trends and opportunities, and any further data you may need to thrive in the underfloor heating industry. This underfloor heating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global underfloor heating market size grew from $4.95 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The underfloor heating market size is expected to grow to $6.45 billion in 2027 at a CAGR of 5.5%. Strong government support and incentives toward the adoption of underfloor heating solutions are driving the market. Government institutions across the globe are providing grants and incentives for the upgrade of existing heating systems and the adoption of renewable-source based heating systems. For instance, in 2020, the UK government launched The Green Homes Grant, which offers a financial grant of GBP 5,000 or GBP 10,000 to low-income households in the UK that covers labour and materials costs associated with the installation of heating improvement systems. These initiatives or grant schemes by governments are expected to boost the underfloor heating solutions market during the forecast period. Strategic partnerships between companies are a recent trend that is gaining popularity in the underfloor heating market. Companies in the underfloor heating market are entering into a strategic collaboration with technology players for the development of technologically advanced underfloor heating products with innovative features. For instance, in January 2020, nVent Electric plc, a Canada-based provider of electric radiant floor heating solutions, entered into a strategic collaboration with MAPEI to develop and launch "MAPEI Mapeheat with Technology from nVent" in the USA market. In February 2021, Polypipe Group, an Italy-based manufacturer of plastic pipes and heating solutions, acquired Nu-Heat for $27 million. With this acquisition, Polypipe is focusing on broadening its market reach in climate management solutions across the globe. Nu-Heat is a UK-based provider of underfloor heating solutions. Major players in the underfloor heating market are Siemens AG, Mitsubishi Electric Corporation, Pentair plc, Emersion Electric Co, Honeywell International Inc., Uponor Corporation Amuheat, Robert Bosch GmbH, Danfoss, Schneider Electric, Uponor Corporation, Schlüter-Systems Ltd., Polypipe, SALUS North America, Hurlcon Hydronic Heating, Amuheat, ESI Heating and Cooling, and Januaryes Radiant. Western Europe was the largest region in the underfloor heating market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the underfloor heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the underfloor heating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The underfloor heating market consists of sales of different types of underfloor heating systems include hydronic underfloor heating, electric underfloor heating, heating cables, and heating mats. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global underfloor heating market is segmented - 1) By Type: Hydronic Underfloor Heating, Electric Underfloor Heating 2) By Installation: New installations, Retrofit installations 3) By Application: Residential, Commercial, Institutional

District heating refers to an underground infrastructure element that distributes thermal energy from a central energy plant or plants to different buildings. The plant's steam or hot water is distributed around the clock using underground thermal pipe networks that are well insulated. The thermal energy is delivered to the building's heating system so that the need for individual building boilers could be eliminated. It increases efficiency and greatly helps in controlling emissions. The main plant types of district heating are boiler, combined heat and power (CHP), and other plant types. Combined heat and power (CHP), also called cogeneration is the concurrent production of electricity or mechanical power and useful thermal energy (heating and/or cooling) from a single source of energy. The heat source used in district heating including coal, natural gas, renewables, and oil and petroleum products, and they are used in residential, commercial, and industrial applications. The district heating market research report is one of a series of new reports from The Business Research Company that provides district heating market statistics, including district heating industry global market size, regional shares, competitors with a district heating market share, detailed district heating market segments, market trends and opportunities, and any further data you may need to thrive in the district heating industry. This district heating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global district heating market size grew from $164.58 billion in 2022 to $177.05 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The district heating market size is expected to grow to $212.24 billion in 2027 at a CAGR of 4.6%. Rising industrialization is expected to propel the growth of the district heating market going forward. Industrialization refers to the approach by which an economy is converted from a primarily agricultural one to one based on the manufacturing of goods. Infrastructure development during industrialization increases the implementation of district heating elements. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the appliances and consumer electronics (ACE) market in India is expected to grow to USD21.18 billion by 2025. India has the potential to become a global manufacturing hub and by 2030, it can add more than USD500 billion annually to the global economy. Therefore, the rise in industrialization is driving the growth of the district heating market. Rapid technological development is a key trend in the district heating market. The major companies operating in the district heating sector are developing innovative technologies with a major focus on sustainability to meet the fast-growing end customer demands and strengthen their market position. For instance, in April 2021, Tractebel Engineering S.A., a Belgium-based provider of engineering services, is developing fourth-generation district heating and cooling technology, which utilizes low-temperature waste heat and connects the electricity network to the grid. The current ongoing developmental activities include district heating with geothermal heat coupled with a heat pump and district cooling using standard chillers coupled with ice thermal storage. In January 2022, Egeria, an Independent Pan-European investment company acquired Isoplus, a UK-based provider of pre-insulated district heating piping systems and district heating systems for an undisclosed amount. Through this acquisition, Isoplus is expected to attain financial support and operational support to expand its business operations across the Europe. Major players in the district heating market are Alfa Laval, Danfoss, FVB Energy, Keppel, LOGSTOR, Ramboll Group, Shinryo Corporation, STEAG, Vattenfall, Vital Energi, NRG Energy, Enwave Energy Corporation, SP Group, and Xylem. Western Europe was the largest region in the district heating market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the district heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the district heating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The district heating market consists of revenues earned by entities by providing services such as high-temperature district heating, medium-temperature, low-temperature district heating, and ultra-low-temperature district heating. The market value includes the value of related goods sold by the service provider or included within the service offering. The district heating market also includes sales of HVAC system thermostats, furnace burners, heat exchangers, blowers, and filter racks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global district heating market is segmented - 1) By Plant Type: Boiler, Combined Heat and Power (CHP), Others Plant Types 2) By Heat Source: Coal, Natural Gas, Renewables, Oil and Petroleum Products 3) By Application: Residential, Commercial, Industrial

The coating, engraving, heat treating, and allied activities market consists of the sales of entities (organizations, sole traders or partnerships) that heat treat metals and metal products, enamel, lacquering, and varnishing metals and metal products, hot-dip galvanizes metals and metal products, engrave, chase or etch metals and metal products (except jewellery, personal goods carried on or about the person, such as compacts and cigarette cases, precious metal products (except precious plated flatware and other plated ware) and printing plates), powder coat metals and metal products, electroplate, plate, anodize, colour, and finish metals and metal products, and/or provide other metal surfacing services for the trade. Establishments in this industry coat, engrave, and heat-treat metals and metal formed products fabricated elsewhere. The main types of coating, engraving, heat treating, and allied activities are metal heat treating, metal coating, engraving and allied services to manufacturers, electroplating, plating, polishing, anodizing, and colouring. Electroplating is the method of plating a metal onto the other by hydrolysis to prevent corrosion of metal or for decorative purposes. The treatment is spheroidizing, stress-relieving, quenching & tempering, and normalizing. The various applications involved manufacturing, automotive, and other applications. The global coating, engraving, heat treating, and allied activities market size is expected to grow from $197.01 billion in 2021 to $204.83 billion in 2022 at a compound annual growth rate (CAGR) of 4%. The coating, engraving, heat treating, and allied activities market is expected to grow to $222.59 billion in 2026 at a CAGR of 2.1%. Laser engraving system technology is being highly used by the companies involved in the engraving, etching and chasing of metals. Laser engraving and laser etching are contact-free, reduce surface damage, are durable, and are safer than toxic solvents, inkjet and acids. Laser engravings are faster than hand engraving, and dot-peen markings. Its applications comprise product labelling and coding in the electronics industry (mobile phones, tablets, etc.), tool construction, and medical technology. Major players in the coating, engraving, heat treating, and allied activities market are Hy-Power Coatings Ltd, Tilton Industries Inc, Rewire Automation Inc, Metex Heat Treating Ltd, and Metal Improvement Company Inc. Asia Pacific was the largest region in the coating, engraving, heat treating, and allied activities market in 2021. North America was the second-largest region in the coating, engraving, heat treating market. The regions covered in the coating, engraving, heat treating, and allied activities report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the coating, engraving, heat treating, and allied activities market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The global coating, engraving, heat treating, and allied activities market is segmented - 1) By Type: Metal Heat Treating, Metal Coating, Engraving and Allied Services to Manufacturers, Electroplating, Plating, Polishing, Anodizing, and Coloring 2) By Treatment: Spheroidizing, Stress Relieving, Quenching and Tempering, Normalizing 3) By Application: Manufacturing, Automotive, Others Subsegments Covered: Case Hardening, Normalizing, Annealing, Hardening and Tampering, Others, Solvent-Borne Coatings, Water-Borne Coatings, High Solids Coatings, Powder Coatings, Radiation Curable Coatings, Others