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Warm Air Heating Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $ 4000.00 | Pages : 175 | Published : January 2021 | SKU CODE : | Format :


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.

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 warm air heating equipment market covered in this report is segmented by product type into dehumidifiers; heat pumps; humidifying equipment, by capacity into small; medium; large.

Favorable measures to reduce carbon footprint is 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 make 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 includes 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 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.

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.

The major players covered in the global 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, Bosch Thermotechnology, Carrier, LG Electronics, NIBE Group.

The countries covered in the global warm air heating equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global warm air heating equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

    1. Executive Summary

    2. Warm Air Heating Equipment Market Characteristics

    3. Warm Air Heating Equipment Market Trends And Strategies

    4. Impact Of COVID-19 On Warm Air Heating Equipment

    5. Warm Air Heating Equipment Market Size And Growth

    5.1. Global Warm Air Heating Equipment Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Warm Air Heating Equipment Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Warm Air Heating Equipment Market Segmentation

    6.1. Global Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Dehumidifiers

    Heat Pumps

    Humidifying Equipment

    6.2. Global Warm Air Heating Equipment Market, Segmentation By Capacity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Small

    Medium

    Large

    6.3. Global Warm Air Heating Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Residential

    Commercial

    Industrial

    7. Warm Air Heating Equipment Market Regional And Country Analysis

    7.1. Global Warm Air Heating Equipment Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Warm Air Heating Equipment Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Warm Air Heating Equipment Market

    8.1. Asia-Pacific Warm Air Heating Equipment Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Warm Air Heating Equipment Market

    9.1. China Warm Air Heating Equipment Market Overview

    9.2. China Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Warm Air Heating Equipment Market

    10.1. India Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Warm Air Heating Equipment Market

    11.1. Japan Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Warm Air Heating Equipment Market

    12.1. Australia Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Warm Air Heating Equipment Market

    13.1. Indonesia Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Warm Air Heating Equipment Market

    14.1. South Korea Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Warm Air Heating Equipment Market

    15.1. Western Europe Warm Air Heating Equipment Market Overview

    15.2. Western Europe Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Warm Air Heating Equipment Market

    16.1. UK Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Warm Air Heating Equipment Market

    17.1. Germany Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Warm Air Heating Equipment Market

    18.3. France Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Warm Air Heating Equipment Market

    19.1. Eastern Europe Warm Air Heating Equipment Market Overview

    19.2. Eastern Europe Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Warm Air Heating Equipment Market

    20.1. Russia Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Warm Air Heating Equipment Market

    21.1. North America Warm Air Heating Equipment Market Overview

    21.2. North America Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Warm Air Heating Equipment Market

    22.1. USA Warm Air Heating Equipment Market Overview

    22.2. USA Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Warm Air Heating Equipment Market

    23.1. South America Warm Air Heating Equipment Market Overview

    23.2. South America Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Warm Air Heating Equipment Market

    24.1. Brazil Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Warm Air Heating Equipment Market

    25.1. Middle East Warm Air Heating Equipment Market Overview

    25.2. Middle East Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Warm Air Heating Equipment Market

    26.1. Africa Warm Air Heating Equipment Market Overview

    26.2. Africa Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Warm Air Heating Equipment Market Competitive Landscape And Company Profiles

    27.1. Warm Air Heating Equipment Market Competitive Landscape

    27.2. Warm Air Heating Equipment Market Company Profiles

    27.2.1. Danfoss

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Daikin

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Mitsubishi Electric Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. WOLF GmbH

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Johnson Controls Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Warm Air Heating Equipment Market

    29. Warm Air Heating Equipment Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Warm Air Heating Equipment Market, Segmentation By Capacity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Warm Air Heating Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Warm Air Heating Equipment Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Warm Air Heating Equipment Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 27: Danfoss Financial Performance
  • Table 28: Daikin Financial Performance
  • Table 29: Mitsubishi Electric Corporation Financial Performance
  • Table 30: WOLF GmbH Financial Performance
  • Table 31: Johnson Controls Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Warm Air Heating Equipment Market, Segmentation By Capacity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Warm Air Heating Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Warm Air Heating Equipment Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Warm Air Heating Equipment Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Warm Air Heating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Danfoss Financial Performance
  • Figure 28: Daikin Financial Performance
  • Figure 29: Mitsubishi Electric Corporation Financial Performance
  • Figure 30: WOLF GmbH Financial Performance
  • Figure 31: Johnson Controls Inc. Financial Performance
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