Dublin, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The "Europe Heating Equipment Market: Focus on Application, Product Type, Fuel Type, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Europe heating equipment market is projected to reach $53.65 billion by 2033 from $31.27 billion in 2023, growing at a CAGR of 5.55% during the forecast period 2023-2033
The growing emphasis on sustainability and energy efficiency in the region is propelling the market for heating equipment in Europe. Demand for cutting-edge heating solutions that are economical and ecologically friendly is growing as a result of strict laws designed to reduce carbon emissions, such as the EU Green Deal and national energy efficiency objectives. While alternative technologies, like heat pumps and solar heating, are gaining acceptance in the residential, commercial, and industrial sectors, traditional systems, like boilers and furnaces, are developing.
Government incentives and subsidies throughout Europe are encouraging the use of high-efficiency heating equipment and easing the transition of businesses and consumers to low-carbon alternatives. The market is changing as a result of this legislative backing and technological advancements, driving demand for cleaner, more effective heating systems. As Europe continues its journey toward decarbonization, the heating equipment market is expected to grow steadily, playing a key role in the region's sustainability efforts.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the heating equipment products available in the market, which is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of sustainable heating equipment solutions. Therefore, the heating equipment business is a high-investment and high-revenue generating model.
Competitive Strategy: The key players in the Europe heating equipment market analyzed and profiled in the study include heating equipment manufacturers. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
- Johnson Controls
- Vaillant Group International GmbH
- Robert Bosch GmbH
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 70 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $31.27 Billion |
| Forecasted Market Value (USD) by 2033 | $53.65 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Europe |
Key Topics Covered:
Executive Summary
Scope and Definition
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Rising Focus on IoT- Enabled Heating Equipment Market
1.1.3 Focus on Energy Efficiency
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country, by Year)
1.4 Regulatory Landscape
1.5 Market Dynamics: Overview
1.5.1 Market Drivers
1.5.1.1 Rapid Expansion of Global Construction Projects
1.5.1.2 Environmental Consequences of the Greenhouse Effect
1.5.1.3 Incorporation of Renewable Energy Sources
1.5.2 Market Restraints
1.5.2.1 High Initial Capital Expenditure
1.5.2.2 Fluctuations in Energy Costs
1.5.3 Market Opportunities
1.5.3.1 Investment in Sustainable and Energy Efficient Heating Equipment Products
1.5.3.2 Rise in Partnerships and Collaborations Globally
2 Regions
2.1 Regional Summary
2.2 Drivers and Restraints
2.3 Europe
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Application
2.3.5 Product
2.3.6 Europe (by Country)
2.3.6.1 France
2.3.6.2 Germany
2.3.6.3 U.K.
2.3.6.4 Italy
2.3.6.5 Rest-of-Europe
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Johnson Controls
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share, 2022
3.2.2 Robert Bosch GmbH
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.3 Vaillant Group International GmbH
3.2.3.1 Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
4 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/srgeyy
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