Air Heating Appliance Market to reach $18.95 Bn by 2028: COVID Impact, Trends, and Forecast

Released Month: April 2021

Evolve Business Intelligence, today has published a new market research report on “The global air heating appliance market size was valued at $11.89 Billion in 2020 and is expected to reach $18.95 Billion by 2028 growing at the CAGR of 5.85% from 2021 to 2028.”

For more information on the report:

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Air heating appliance market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Air heating appliance market report also includes the following data points:

  • COVID19 Impact on Air heating appliance market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in the Air heating appliance market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “The COVID 19 outbreak has negatively affected the air heating appliance market owing to the lockdown measure in different countries. There was a delay in manufacturing and production of components and equipment related to the air heating for residential, commercial, and industrial spaces and this had led to decline in the growth of the market.”

Competitive Scenario
Some of the major Air heating appliance players holding high market share include Danfoss, Daikin Industries, Ingersoll-Rand, and General Electric Company. These players use collaboration and expansion as a key strategy to gain significant market share to compete with market leaders

Segmental Analysis
The Air heating appliance market is analyzed across the below-mentioned segments:

  • Fuel Type
    • Gas Powered Heating Appliance
    • Oil Powered Heating Appliance
    • Electricity Powered Heating Appliance
    • Solar Energy Powered Heating Appliance
    • Others
  • Type
    • Space Heating Appliance
    • Water Heating Appliance

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Air heating appliance market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

  • Alfa Laval Corporate
  • Daikin Industries, Ltd
  • Danfoss
  • Emerson Electric Co.
  • General Electric Company
  • Ingersoll-Rand
  • Johnson Controls International
  • Lennox International Inc
  • Robert Bosch
  • Vaillant Group

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Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade maps, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the Air heating appliance market, in terms of value, segmented based on indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the Air heating appliance market
  • To provide an overview of the value chain analysis about the Air heating appliance industry
  • To strategically analyze each segment and subsegment concerning individual overall growth trends and their contribution to the overall air heating appliance market
  • To analyze opportunities in the market by identifying high-growth segments of the Air heating appliance market
  • To profile key players in the Air heating appliance market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Air heating appliance market

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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