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Globally, Europe accounted for the substantial market share of Heating Equipment in 2016 and is estimated to lead the overall market in the coming years to come. The reason behind the overall market growth could be government initiatives and policies to reduce energy consumption and rising use of enhanced technology.
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Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise rapidly developing automotive industries and construction sector. The developing countries like India and China are the major consumers of Heating Equipment in this region.
The key players of Heating Equipment industry are United Technologies, Daikin Industries Cheap Rodney Hood Jersey , Robert Bosch, Ingersoll-Rand, Lennox International, Johnson Controls, Will &Hahnenstein Cheap Brad Daugherty Jersey , LG Electronics, Honeywell International, Mitsubishi Electric, and Emerson. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Market Segment:
Global Product Outlook (Revenue, USD Million Cheap Shaquille O'Neal Jersey , 2014 2025)
Heat pumps Furnaces Boilers Unitary heaters Others
Global Application Outlook (Revenue, USD Million, 2014 2025)
Residential Commercial Industrial
Regional Outlook (Revenue, USD Million, 2014 2025)
North America U.S. Canada Mexico Europe Germany UK France Russia Asia Pacific China India Japan Central & South America Brazil Middle East & Africa Saudi Arabia
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