Global Heating & Cooling Market Size By Category (Heating (Source {Electricity, District Heating, Biofuels & Waste, Renewables, Geothermal, Natural Gas, Oil Products, Coal}, Cooling)), By Application (Industrial [Temperature Gradient {High, Medium, Low}, Specification {Energy Intensive (Iron & Steel, Non-Ferrous Metal, Chemical, Non – Metallic Mineral Product, Pulp & Paper), Non-Energy Intensive}], Residential [Specification {Single Family, Multi Family, High Rise}], Service Sector [Specification {Hospitals, Hotels & Restaurants, Sport & Recreation, Shop-Large, Shop-Small, Offices}]), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Sep 2019  |  Report ID: GMI4380  |  Authors: Ankit Gupta

Report Format: PDF   |   Pages: 1050   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

 Industry Trends

Global Heating & Cooling Market size was valued over USD 1 Trillion in 2018 with an annual consumption to exceed 60 Exa-Joule (EJ) by 2025.
 

Global Heating & Cooling Market

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Heating and cooling function on the principle that heat moves from warm to a cooler region similar to as water flows from higher to lower levels. For instance, furnaces & heaters deliver heat into the air to render warmth whereas air conditioners extract heat to cool the surrounding. These units burn fuel where air conditioners consume electricity, heating systems utilize fuel oil, gas; electricity and other alternatives. The study incorporates a detailed analysis of the global heating and cooling consumption scenarios bifurcated on a regional and country basis across industrial, residential and service sector deployments. Moreover, the estimates and forecasts are aligned with data represented by governing authorities including the EU, IEA, NREL, associated company press releases and regional regulatory bodies.
 

Regulatory measures toward carbon emissions along with extreme & volatile climatic conditions across various regions will drive the global heating & cooling market. Introduction of green building standards favored by rapid adoption of sustainable energy technologies will stimulate the industry landscape. In 2019, the UN Secretary General endorsed the Zero Carbon Building for All initiative during the UN Climate Action Summit. The program will leverage and aid governments, industries and civil societies with an aim to secure commitments for decarbonizing new & existing buildings by 2030 & 2050 respectively.
 

Ongoing industrialization and urbanization across emerging economies on account of demographic changes, rising disposable income and enhanced standard of living will augment the industry growth. Technological enhancements, lower thermal losses, flexibility of fuel options, rapid sustainable network integration along with stringent energy efficiency concord will positively influence the industry outlook. Moreover, rising industrial competence across HVAC manufacturers favored by increasing demand from niche regional markets have further paved favorable grounds for business expansion.
 

Global Heating & Cooling Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 1 Trillion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Pages: 1050 Tables, Charts & Figures: 2348
Geographies covered (20): U.S., Canada, Austria, Belgium, Denmark, Finland, France, Germany, Italy, UK, Russia, China, Japan, South Korea, Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Segments covered: Category, Application
Companies covered (15): Siemens, Johnson Control, Daikin, Lennox, Trane, Rheem, Goodman, Mitsubishi, Haier, Ingersoll Rand, Danfoss, Empower, Fortum, SNC Lavalin, Veolia

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Energy optimization will continue to drive the heating industry share

Heat accounted for majority energy consumption and is anticipated to retain its measure across the forecast timeline. Introduction of cogeneration technology along with rapid technological enhancements across micro CHP installations have infused a favorable business scenario. Moreover, increasing share of electricity aided heat supply coupled with ongoing integration of renewable energy networks will augment the business outlook. In addition, expansion and refurbishment of district heating networks in compliance to the energy efficiency norms will further complement the industry dynamics.
 

Energy optimization will continue to drive the heating industry share

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Extreme climatic conditions along with rising surface temperatures across equatorial regions will propel the demand for cooling systems. Increase in number of heating days along with growing global warming concerns have paved foundations for the deployment of effective and efficient cooling infrastructure. HVAC manufacturers under influence of stringent mandates and norms concerning energy efficiency have been aligning product development strategies to sustain their industrial competence. In addition, regional proximity, technological feasibility, per capita energy consumption along with the willingness to pay towards cooling units are primary factors driving the technological demand.
 

Green building mandates to provide impetus to heating & cooling demand

Middle East Industrial Heating Market, From Energy Intensive Industries, 2014 - 2025 (PJ)

Middle East Industrial Heating Market, From Energy Intensive Industries, 2014 - 2025 (PJ)

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Increasing demand for effective heating and cooling solutions favored by positively regulatory inclination towards HVAC systems across residential establishments will drive the heating & cooling market growth. Moreover, ongoing integration of home energy management systems and accompanying green building mandates have paved favorable grounds for technological adoption. Surge in urban population, escalating real estate investments coupled with rising demand for decentralized generating units will further foster the business landscape.
 

Industrial heating and cooling consumption in 2018 was valued over USD 300 Billion. Operational safety from leakages and reduction in conveyance losses are few indispensable factors driving the demand for effective district heating networks across these peripherals. Increasing dependency on biomass DH units have led to improved energy efficiency & reduced environmental impact across chemical plants. In addition, utilization of wood pellets as fuel on account of their abundance and ease of processing is further set to complement the industry landscape.
 

Middle East to witness growth owing to rapid infrastructural expansion

Middle East Heating & Cooling Market, By Country, 2025 (USD Billion)

Middle East Heating & Cooling Market, By Country, 2025 (USD Billion)

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Rapid urbanization supported by ongoing infrastructural developments across prominent cities of Saudi Arabia including Mecca and Riyadh will foster the demand for effective heating and cooling systems. High heating degree days across the region along with regulatory emphasis on energy conservation through Leadership in Energy & Environmental Design certified buildings will positively influence the business growth. Furthermore, companies including Empower & Logstor entered a joint venture to deploy fiber optic networks in DC systems for water conservation during cooling production and distribution.
 

The U.S. heating & cooling market is set to witness growth of over 2% by 2025. Rising demand for effective space heating & cooling solutions in line with an upsurge in commercial and residential consumer expenditure will fuel the industry growth. Prominent government initiatives to promote energy efficient technologies favored by stringent norms toward CO2 emission will positively influence the industry size. In 2018, Center for Climate and Energy proclaimed that the energy sector across the nation recorded a decline of over 25% in emissions from 2005 to 2017.
 

Technological alliances to remain a major strategic implementation

Technological collaborations, joint ventures, and mergers have been prominent strategic implementations witnessed across the industrial peripheral. Moreover, geographical expansion through strategic tie-ups with regional utilities has further been a key strategy. In 2018, Johnson Controls entered a strategic partnership with Molex to deliver transformational building solutions for Georgia-Pacific. The collaboration aims to digitally transform the headquarters of GP through converging isolated building systems including lighting m heating & cooling systems, sensors and AV equipment into a single unit.
 

Eminent players operating across the heating & cooling market include Siemens, Johnson Control, Daikin, Lennox, Trane, Rheem, Goodman, Mitsubishi, Haier, Ingersoll Rand, Danfoss, Empower, Fortum, SNC Lavalin, and Veolia.
 

Industry Background

Heating & cooling range across a plethora of applications including ambient heating & cooling, water heating, and refrigeration in buildings. Moreover, in industry, besides ambient cooling and heating, these integrate process heating from high temperature applications including cement, iron and steel industries to low temperature applications including the food industry. Heating & cooling for commercial, industrial, and residential purposes account for majority of the total final energy consumption. In the current regime, demand for heating across buildings & industries outweigh the demand for cooling. However, the latter is expected to witness substantial growth, owing to rising demand for air conditioning and refrigeration of medical & food supplies.
 

Global heating & cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” and “Peta-Joule (PJ)” from 2019 to 2025, for the following segments:

By Category

  • Heating
    • Source
      • Electricity
      • District heating
      • Biofuels & waste
      • Renewables
      • Geothermal
      • Natural gas
      • Oil products
      • Coal
      • Others
  • Cooling

By Application

  • Industrial
    • Category
      • Heating
        • Source
          • Electricity
          • District heating
          • Biofuels & waste
          • Renewables
          • Geothermal
          • Natural gas
          • Oil products
          • Coal
          • Others
        • Temperature Gradient
          • High
          • Medium
          • Low
        • Specification
          • Energy Intensive
            • Iron & steel
            • Non-ferrous metal industry
            • Chemical industry
            • Non – metallic mineral product industry
            • Pulp & paper industry
          • Non-energy Intensive
      • Cooling
        • Specification
          • Energy Intensive
            • Iron & steel
            • Non-ferrous metal industry
            • Chemical industry
            • Non – metallic mineral product industry
            • Pulp & paper industry
          • Non-energy Intensive
  • Residential
    • Category
      • Heating
        • Source
          • Electricity
          • District heating
          • Biofuels & waste
          • Renewables
          • Geothermal
          • Natural gas
          • Oil products
          • Coal
          • Others
        • Specification
          • Single family
          • Multi family
          • High rise
      • Cooling
        • Specification
          • Single Family
          • Multi Family
          • High Rise
  • Service Sector
    • Category
      • Heating
        • Source
          • Electricity
          • District heating
          • Biofuels & waste
          • Renewables
          • Geothermal
          • Natural gas
          • Oil products
          • Coal
          • Others
        • Specification
          • Hospitals
          • Hotels & Restaurants
          • Sport & Recreation
          • Shop-Large
          • Shop-Small
          • Offices
      • Cooling
        • Specification
          • Hospitals
          • Hotels & Restaurants
          • Sport & Recreation
          • Shop-Large
          • Shop-Small
          • Offices

The above information is provided on a regional & country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Austria
    • Belgium
    • Denmark
    • Finland
    • France
    • Germany
    • Italy
    • UK
  • Russia
  • Asia Pacific
    • Japan
    • China
    • Japan
    • South Korea
  • Middle East
    • Saudi Arabia
    • UAE
    • Qatar
    • Oman
    • Kuwait
    • Bahrain
  • Rest of World

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