December 23, 2019
As per the recent report with the title ‘Industrial & Residential Heating Market Size By Wood & Pellet Heating (Fireplaces, Catalytic Wood Stoves, Masonry Heaters, Boilers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, the global industrial & residential heating market is presumed to record an annual deployment of 2 million units by the year 2026.
Global economic development, coupled with rapid urbanization and industrialization are fueling the demand for heating systems across various industrial and commercial applications. Extreme weather conditions across various nations as a result of global warming & pollution is the major factor propelling the growth of industrial & residential heating market.
Moreover, governments across the globe are focusing on reducing GHG levels by promoting the use of energy efficient systems and extending funds for the development of smart cities. Various features of heating units including effective operation, low maintenance, and less upfront costs, along with continuous R&D for improving product efficiency and design are further aiding the market outlook.
In addition, industrial and residential heating industry is gaining traction on account of various heating & cooling applications and surging adoption of intermittent energy for sustainability. Inflowing investments for construction of smart & green building will stimulate the adoption of heating systems globally.
Industrial & residential heating market based on wood & pellet heating systems is categorized as boilers, masonry heaters, catalytic wood stoves, and fireplaces. Heavy investments for installation of wood & pellet heating appliances will augment the market outlook, as these units reduce thermal losses and its resources are easily available.
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Considering regional landscape, residential & industrial heating market in Europe is anticipated to witness momentous growth over the forecast period, owing to rising concerns regarding GHG emissions and consequent adoption of wood & pellet heating system. These systems are clean and sustainable.
Prominent companies of industrial & residential heating market profiled in the report include Quadra-Fire, Maine Wood Heat Co., American Masonry Heaters & Ovens, LLC, Stove Master, Hearth + Timber, Ecco Stove, FeuerWerkstatt, Masonry Heater Builders Ltd., Tiileri, and Tulikivi among others.
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