Heating Equipment Market in the US by Product, Energy Source, Market and Region

Heating Equipment Market in the US by Product, Energy Source, Market and Region

US demand for heating equipment is projected to advance 4.5% per year through 2021. Replacement of aging equipment that has reached the end of its operational life will remain the key driver of demand gains. In addition, the use of more efficient and typically higher value heating equipment will support sales increases in value terms. However, the pace of growth will slow through 2021 as much of the pent up demand that built up during the Great Recession was alleviated between 2011 and 2016.

This report covers heating equipment demand by product, energy source, market and region. Data are given in dollar value and units.

Heating equipment products covered in the study include:
Warm air furnaces
Boilers
Room and zone heating equipment

Energy Sources covered include:
Natural gas
Electricity
Heating oil and other energy sources (which include active solar, coal, corn, and wood and wood pellet)

The markets for heating equipment are:
Commercial, including both new buildings and existing buildings
Residential, including both new buildings and existing buildings

Demand is also broken out by US Census region:
Midwest
South
Northeast
West

Scope of the Report
This report shows the scope, size, and growth of the US heating equipment market, including key trends by product type and market. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year-by-year historical market volatility also addressed. Also included is an analysis of the key industry players and their market share.