SAN FRANCISCO, January 10, 2017 /PRNewswire/ --
The global heating equipment market is expected to reach USD 48.58 billion by 2025, according to a new report by Grand View Research, Inc. Mandatory government regulations and incentives provided on energy saving solutions in the commercial as well as industrial sector is projected to boost the demand for heating equipment.
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Growing disposable income coupled with low-interest rates in several countries has given companies more cash in hand to upgrade their capital equipment in offices, production facilities, and stores. Low-interest rates are expected to augment the growth of this market as it makes it easier to invest in costly equipment upgrades.
Rapidly growing space and water heating requirement in North America, Europe, and Asia Pacific is projected to boost the demand for heating equipment in these regions. Industrial buyers focus on factors such as energy and operational cost savings, maintenance cost, and product lifespan. However, residential buyers seek energy-saving solutions at economical prices.
Browse full research report with TOC on "Heating Equipment Market Analysis By Product (Heat Pumps, Furnaces, Boilers, Unitary Heaters), By Application (Residential, Commercial, Industrial), Competitive Benchmarking, Trends, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/heating-equipment-market
Further key findings from the report suggest:
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Grand View Research has segmented the heating equipment market on the basis of product, application, and region:
Access research insight: Heating Equipment Market - energy saving and reduce dependency on fossil fuels
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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