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    Heat and Cooling Market

    Heat and Cooling Market
    Report code - SRCE296 Delivery - 2 Weeks
    Heating and Cooling Market Size, Share, Trend, Forecast, & Industry Analysis:&nbs See more...

    Market Insights

    Heating and Cooling Market is likely to witness a CAGR of > 2.5% during the forecast period of 2022-2028.


    What is heating and cooling?

    Heating and cooling both are temperature-based functions. Heating can be done by raising the temperature of something, whereas cooling is done by lowering the temperature, both the functions are performed as per the requirement of the situation through various equipment.

    Market Drivers

    The major factors such as growing industrialization and urbanization across emerging economies, technical advancements, flexibility of fuel options, and sustainable network integration are expected to fuel the market growth over the forecast period.


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    Segment Analysis

    By Category Type

    The market is segmented as heating and cooling. The heating segment is estimated to account for the major share of the market during the forecast period on account of rapid technological advancements and growing share of electricity aiding heat supply along with ongoing integration of renewable energy networks.

    By Application Type

    The market is segmented as industrial, residential, and service sector. Residential application is estimated to witness high growth in the market during the forecast period. Factors such as ongoing integration of home energy management systems and rising population escalating real estate investments are expected to fuel the overall industry growth over the forecast period.

    By Region

    The Middle East is estimated to dominate the market with Saudi Arabia being the growth engine of the region during the forecast period. Rapid urbanization and infrastructural expansion are the key factors fueling the regional market growth. North America, Europe, and Asia-Pacific are also expected to offer substantial growth opportunities over the forecast period.


    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.

    Report - Features

    Market Segmentation


    Regions Covered


    Countries/Sub-Regions Covered


    No. of Figures & Tables


    Company Profiles



    The heating & cooling market is segmented into the following categories. 

    By Category Type:

    • Heating
      • (Category Type Analysis: Electricity, District Heating, Biofuel & Waste, Renewable, Geothermal, Natural Gas, oil Products, Coal, and Others)
    • Cooling
      • (Category Type Analysis: Chrome and Non-Chrome)

    By Application Type:

    • Industrial
      • (Application Type Analysis: Temperature Gradient and  Specification)
    • Residential  
      • (Application Type Analysis: Specification)
    • Service Sector
      • (Application Type Analysis: Specification)

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the heating and cooling market are-

    • Daikin
    • Goodman Global, Inc.
    • Haier
    • Ingersoll Rand, Inc.
    • Johnson Control
    • Lennox
    • Mitsubishi
    • Rheem Manufacturing Company
    • Siemens
    • Trane Technologies Inc.

    Research Methodology

    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.

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the category types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    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 sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The heating and cooling market is expected to witness a CAGR of >2.5% during 2022-2028.

    Daikin, Goodman Global, Inc., Haier, Ingersoll Rand, Inc., Johnson Control, Lennox, Mitsubishi, Rheem Manufacturing Company, Siemens, and Trane Technologies Inc are among the market.

    The middle east is expected to remain dominant in the market during the forecast period.

    Residential application is expected to witness high growth in the market in the coming years.

    The heating segment is expected to account for the major share of the market in the next five years.

    Growing industrialization and urbanization across emerging economies, technical advancements, flexibility of fuel options, and sustainable network integration are the factors driving the growth of market.