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Industrial & Residential Heating Market Report | Covid-19 Impact Analysis
The Industrial & Residential Heating Market is Segmented by Wood & Pellet Heating (Fireplaces, Catalytic Wood Stoves, Masonry Heaters, and Boilers) and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Industrial & residential heating market is likely to witness a CAGR of 5.3% during the forecast period. The prime factor contributing to the increasing demand for industrial & residential heating systems is the increasing adoption of sustainable and smart technologies to meet the stringent regulations related to carbon emission reduction.
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Industrial & Residential Heating Market - Snapshot |
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Growth |
5.3% over the next five years |
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Dominant Wood & Pellet Heating |
Catalytic Wood Stoves |
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Region with the Highest Demand |
Europe |
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Key Players |
Ariston Thermo Group SpA, Babcock and Wilcox Enterprises Inc., Blaze King Industries, Chazelles, Hurst Boiler and Welding Co Inc., Jotul AS, Mitsubishi Hitachi Power Systems Ltd., Regency Fireplace Products, Tulikivi Corporation, Viessmann Group, and Others. |
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Based on the wood & pellet heating type, the market is segmented as fireplaces, catalytic wood stoves, masonry heaters, and boilers. Catalytic wood stoves are expected to remain the dominant segment during the forecast period. They are suitable for longer and overnight burns with low emission. They are the most efficient stove available in the market.
In terms of regions, Europe is estimated to remain the largest market during the forecast period driven by cold climate and significant investment on heating system deployment in residential and industrial sectors. Better air quality, low thermal losses, low greenhouse gas emission are the prime factor contributing to the growth of the market.
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Some of the major industrial & residential heating manufacturers are-
Industrial & residential heating systems are used to maintain indoor temperature through thermal energy. They can be centralized or distributed heating systems. In central heating system, wood or fuel is burned in an appliance to generate heat. Commercial heating systems are different from residential heating systems as the former cover a larger area divided into different departments. So, it uses either radiant or warm air.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Industrial & Residential Heating Market Research Report - Features |
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Market Segmentation |
2 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The industrial & residential heating market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The industrial & residential heating market is expected to witness an impressive growth of 5.3% CAGR in the foreseeable future.
Ariston Thermo Group SpA, Babcock and Wilcox Enterprises Inc., Blaze King Industries, Chazelles, Hurst Boiler and Welding Co Inc., Jotul AS, Mitsubishi Hitachi Power Systems Ltd., Regency Fireplace Products, Tulikivi Corporation, Viessmann Group, and others are among the key players in the industrial & residential heating market.
Europe is expected to remain the largest industrial & residential heating market during the next five years.
Catalytic wood stoves are expected to remain the dominant segment in the industrial & residential heating market in the coming years.
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