Heating Appliances Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Heating Appliances Market
The heating appliances market size was valued at USD 51.38 billion in 2022, and the market is now projected to grow from USD 53.25 billion in 2023 to USD 67.58 billion by 2030, exhibiting a CAGR of 3.46% during the forecast period of 2023-2030.
Production and supply chain restrictions caused by lockdowns and social distancing due to COVID-19 reduced heating appliances market growth. This prompted inefficiencies in the production of gas-fuel-based heating products such as cook tops, heaters and ovens. Subsequently, production was slowed down while retail sales decreased greatly leading to a low demand for the products.
The energy-efficient heating appliance market share is growing since consumers search for cheap, gas-fueled appliances, including water heaters and cooktops. Customers are changing from electrical to gaseous appliances, which are not as demanding in terms of servicing. Natural gas heating products for various purposes are becoming popular and as per the U.S Energy Information Administration (U.S. EIA), the 2021 households, using these devices will be 30 percent more than the winter of 2020.
Further, emerging trends in the form of the replacement of conventional electric cooktops with safer gas cooktops in hotels and restaurants are introducing fresh market prospects. Apparel and accessories are becoming popular among consumers because they are cheaper when used in natural gas appliances such as cooktops, ovens and water heaters. This shift to renewable gas sources will help lower the carbon footprint.
Comprehensive Analysis of Heating Appliances Market
The heating appliances and consumer goods market is increasing, driven by market segmentation. This expansion includes detailed regional assessments of supply and demand forces. Segmentation is based on fuel types, end-user devices, and commercial use. The fuel types include, Natural Gas, LPG, and Butane/Propane. The end-user include, Residential (Space Heating Appliances, Cooking Appliances, Clothes Drying, and Gas Water Heaters and the commercial include, Space Heating Appliances, Water Heaters, and Cooking Appliances.
In 2022, the market witness domination by North America. Canada and the US drive regional growth policies due to the inclining trend in their appliance overhauls. Large home sizes in these countries lead to higher demand for large-sized appliances. This trend results in significant demand for large-sized heating devices in North America.
Leading market players are essential in driving growth and setting standards in the consumer goods industry. These players include, Hitachi Ltd. (Japan), Electrolux AB (Sweden), Samsung Electronics Co. Ltd. (South Korea), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Haier Smart Home Co. Ltd. (China), Honeywell International Inc. (U.S.), LG Electronics Inc. (South Korea), Inductotherm Corp. (U.S.) and Rinnai Corporation (Japan).
In January 2023, Hithastica Ltd an Indian non-governmental company which has started producing heating devices in a 6-acre plot located within Jadcherla region of Telangana. The factory manufactures different kinds of these gadgets such as water heaters.
Segmentation Table
GlobalHeating Appliances Market Scope
Study Period 2019-2030
Base Year 2022
Forecast Period 2023-2030
Growth Rate CAGR of 3.46% from 2023 to 2030
Historical Period 2019-2021
Unit Value (USD Billion)
Segmentation By Fuel Type, End-User, and Region
By Fuel Type Natural Gas
Liquefied Petroleum Gas (LPG)
Butane/Propane
By End- UserResidential
- Space Heating Appliances
- Cooking Appliances
- Clothes Drying
- Gas Water Heaters
Commercial
- Space Heating Appliances
- Water Heaters
- Cooking Appliances
By Region North America (By Fuel Type, End-user, and Country)
- U.S.
- Canada
Europe (By Fuel Type, End-user, and Country)
- Germany
- France
- U.K.
- Rest of Europe
Asia Pacific (By Fuel Type, End-user, and Country)
- China
- India
- Japan
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Fuel Type, End-user, and Country)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Fuel Type, End-user, and Country)
- South Africa
- GCC Countries
- Rest of the Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Global Aseptic Packaging Market
- 5. Global Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Material (Value)
- 5.2.1. Plastic
- 5.2.2. Metal
- 5.2.3. Glass
- 5.2.4. Paper & Paperboard
- 5.2.5. Others
- 5.3. By Type (Value)
- 5.3.1. Cartons
- 5.3.2. Bags & Pouches
- 5.3.3. Bottles & Cans
- 5.3.4. Vials & Ampoules
- 5.3.5. Others
- 5.4. By Application (Value)
- 5.4.1. Food
- 5.4.2. Beverages
- 5.4.3. Pharmaceutical
- 5.4.4. Others
- 5.5. By Region (Value)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Material (Value)
- 6.2.1. Plastic
- 6.2.2. Metal
- 6.2.3. Glass
- 6.2.4. Paper & Paperboard
- 6.2.5. Others
- 6.3. By Type (Value)
- 6.3.1. Cartons
- 6.3.2. Bags & Pouches
- 6.3.3. Bottles & Cans
- 6.3.4. Vials & Ampoules
- 6.3.5. Others
- 6.4. By Application (Value)
- 6.4.1. Food
- 6.4.2. Beverages
- 6.4.3. Pharmaceutical
- 6.4.4. Others
- 6.5. By Country (Value)
- 6.5.1. U.S.
- 6.5.1.1. By Application (Value)
- 6.5.1.1.1. Food
- 6.5.1.1.2. Beverages
- 6.5.1.1.3. Pharmaceutical
- 6.5.1.1.4. Others
- 6.5.2. Canada
- 6.5.2.1. By Application (Value)
- 6.5.2.1.1. Food
- 6.5.2.1.2. Beverages
- 6.5.2.1.3. Pharmaceutical
- 6.5.2.1.4. Others
- 7. Europe Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Material (Value)
- 7.2.1. Plastic
- 7.2.2. Metal
- 7.2.3. Glass
- 7.2.4. Paper & Paperboard
- 7.2.5. Others
- 7.3. By Type (Value)
- 7.3.1. Cartons
- 7.3.2. Bags & Pouches
- 7.3.3. Bottles & Cans
- 7.3.4. Vials & Ampoules
- 7.3.5. Others
- 7.4. By Application (Value)
- 7.4.1. Food
- 7.4.2. Beverages
- 7.4.3. Pharmaceutical
- 7.4.4. Others
- 7.5. By Country (Value)
- 7.5.1. Germany
- 7.5.1.1. By Application (Value)
- 7.5.1.1.1. Food
- 7.5.1.1.2. Beverages
- 7.5.1.1.3. Pharmaceutical
- 7.5.1.1.4. Others
- 7.5.2. France
- 7.5.2.1. By Application (Value)
- 7.5.2.1.1. Food
- 7.5.2.1.2. Beverages
- 7.5.2.1.3. Pharmaceutical
- 7.5.2.1.4. Others
- 7.5.3. UK
- 7.5.3.1. By Application (Value)
- 7.5.3.1.1. Food
- 7.5.3.1.2. Beverages
- 7.5.3.1.3. Pharmaceutical
- 7.5.3.1.4. Others
- 7.5.4. Italy
- 7.5.4.1. By Application (Value)
- 7.5.4.1.1. Food
- 7.5.4.1.2. Beverages
- 7.5.4.1.3. Pharmaceutical
- 7.5.4.1.4. Others
- 7.5.5. Spain
- 7.5.5.1. By Application (Value)
- 7.5.5.1.1. Food
- 7.5.5.1.2. Beverages
- 7.5.5.1.3. Pharmaceutical
- 7.5.5.1.4. Others
- 7.5.6. Rest of Europe
- 7.5.6.1. By Application (Value)
- 7.5.6.1.1. Food
- 7.5.6.1.2. Beverages
- 7.5.6.1.3. Pharmaceutical
- 7.5.6.1.4. Others
- 8. Asia-Pacific Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Material (Value)
- 8.2.1. Plastic
- 8.2.2. Metal
- 8.2.3. Glass
- 8.2.4. Paper & Paperboard
- 8.2.5. Others
- 8.3. By Type (Value)
- 8.3.1. Cartons
- 8.3.2. Bags & Pouches
- 8.3.3. Bottles & Cans
- 8.3.4. Vials & Ampoules
- 8.3.5. Others
- 8.4. By Application (Value)
- 8.4.1. Food
- 8.4.2. Beverages
- 8.4.3. Pharmaceutical
- 8.4.4. Others
- 8.5. By Country (Value)
- 8.5.1. China
- 8.5.1.1. By Application (Value)
- 8.5.1.1.1. Food
- 8.5.1.1.2. Beverages
- 8.5.1.1.3. Pharmaceutical
- 8.5.1.1.4. Others
- 8.5.2. India
- 8.5.2.1. By Application (Value)
- 8.5.2.1.1. Food
- 8.5.2.1.2. Beverages
- 8.5.2.1.3. Pharmaceutical
- 8.5.2.1.4. Others
- 8.5.3. Japan
- 8.5.3.1. By Application (Value)
- 8.5.3.1.1. Food
- 8.5.3.1.2. Beverages
- 8.5.3.1.3. Pharmaceutical
- 8.5.3.1.4. Others
- 8.5.4. South Korea
- 8.5.4.1. By Application (Value)
- 8.5.4.1.1. Food
- 8.5.4.1.2. Beverages
- 8.5.4.1.3. Pharmaceutical
- 8.5.4.1.4. Others
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By Application (Value)
- 8.5.5.1.1. Food
- 8.5.5.1.2. Beverages
- 8.5.5.1.3. Pharmaceutical
- 8.5.5.1.4. Others
- 9. Latin America Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Material (Value)
- 9.2.1. Plastic
- 9.2.2. Metal
- 9.2.3. Glass
- 9.2.4. Paper & Paperboard
- 9.2.5. Others
- 9.3. By Type (Value)
- 9.3.1. Cartons
- 9.3.2. Bags & Pouches
- 9.3.3. Bottles & Cans
- 9.3.4. Vials & Ampoules
- 9.3.5. Others
- 9.4. By Application (Value)
- 9.4.1. Food
- 9.4.2. Beverages
- 9.4.3. Pharmaceutical
- 9.4.4. Others
- 9.5. By Country (Value)
- 9.5.1. Brazil
- 9.5.1.1. By Application (Value)
- 9.5.1.1.1. Food
- 9.5.1.1.2. Beverages
- 9.5.1.1.3. Pharmaceutical
- 9.5.1.1.4. Others
- 9.5.2. Rest of Latin America
- 9.5.2.1. By Application (Value)
- 9.5.2.1.1. Food
- 9.5.2.1.2. Beverages
- 9.5.2.1.3. Pharmaceutical
- 9.5.2.1.4. Others
- 10. Middle East & Africa Aseptic Packaging Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Material (Value)
- 10.2.1. Plastic
- 10.2.2. Metal
- 10.2.3. Glass
- 10.2.4. Paper & Paperboard
- 10.2.5. Others
- 10.3. By Type (Value)
- 10.3.1. Cartons
- 10.3.2. Bags & Pouches
- 10.3.3. Bottles & Cans
- 10.3.4. Vials & Ampoules
- 10.3.5. Others
- 10.4. By Application (Value)
- 10.4.1. Food
- 10.4.2. Beverages
- 10.4.3. Pharmaceutical
- 10.4.4. Others
- 10.5. By Country (Value)
- 10.5.1. Saudi Arabia
- 10.5.1.1. By Applucation (Value)
- 10.5.1.1.1. Food
- 10.5.1.1.2. Beverages
- 10.5.1.1.3. Pharmaceutical
- 10.5.1.1.4. Others
- 10.5.2. South Africa
- 10.5.2.1. By Application (Value)
- 10.5.2.1.1. Food
- 10.5.2.1.2. Beverages
- 10.5.2.1.3. Pharmaceutical
- 10.5.2.1.4. Others
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By Application (Value)
- 10.5.3.1.1. Food
- 10.5.3.1.2. Beverages
- 10.5.3.1.3. Pharmaceutical
- 10.5.3.1.4. Others
- 11. Company Profiles
- 11.1.
- 11.1.1. Amcor Limited
- 11.1.1.1. Overview
- 11.1.1.2. Description
- 11.1.1.3. Product Portfolio
- 11.1.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.1.5. Recent Developments
- 11.1.2. Tetra Laval S.A.
- 11.1.2.1. Overview
- 11.1.2.2. Description
- 11.1.2.3. Product Portfolio
- 11.1.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.2.5. Recent Developments
- 11.1.3. Greatview Aseptic Packaging Co.,Ltd.
- 11.1.3.1. Overview
- 11.1.3.2. Description
- 11.1.3.3. Product Portfolio
- 11.1.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.3.5. Recent Developments
- 11.1.4. IMA Group
- 11.1.4.1. Overview
- 11.1.4.2. Description
- 11.1.4.3. Product Portfolio
- 11.1.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.4.5. Recent Developments
- 11.1.5. SCHOTT Glass India Pvt. Ltd.
- 11.1.5.1. Overview
- 11.1.5.2. Description
- 11.1.5.3. Product Portfolio
- 11.1.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5.5. Recent Developments
- 11.1.6. DS Smith
- 11.1.6.1. Overview
- 11.1.6.2. Description
- 11.1.6.3. Product Portfolio
- 11.1.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.6.5. Recent Developments
- 11.1.7. Elopak Group
- 11.1.7.1. Overview
- 11.1.7.2. Description
- 11.1.7.3. Product Portfolio
- 11.1.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.7.5. Recent Developments
- 11.1.8. SIG Combibloc Group Ltd.
- 11.1.8.1. Overview
- 11.1.8.2. Description
- 11.1.8.3. Product Portfolio
- 11.1.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.8.5. Recent Developments
- 11.1.9. Printpack
- 11.1.9.1. Overview
- 11.1.9.2. Description
- 11.1.9.3. Product Portfolio
- 11.1.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.9.5. Recent Developments
- 11.1.10. Sealed Air Corporation
- 11.1.10.1. Overview
- 11.1.10.2. Description
- 11.1.10.3. Product Portfolio
- 11.1.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.10.5. Recent Developments
- 11.1.11. Other Key Players
- 12. Strategic Recommendations
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