Outdoor heating equipment refers to various devices and systems used in outdoor environments to increase local space temperature by providing thermal energy, thereby providing a comfortable environment.
Overview of Market Development
The global outdoor heating equipment market is undergoing significant development and transformation, and in recent years, the market has shown a steady growth trend. According to our research data, the estimated global outdoor heating equipment market size for 2024 is $1096 million, an increase of 6.13% compared to 2023. It is expected that the market will continue to expand in the coming years, with broad prospects. By 2029, the global outdoor heating equipment market size may increase to $1449 million. The CAGR for 2024-2029 is estimated to be 5.74%.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global outdoor heating equipment market is extremely low. According to data, the total revenue of the outdoor heating equipment market for the top 3 companies in the industry in 2023 was $101 million, with a total revenue share of only 9.82%. The top three companies were Bromic Heating, Changzhou Hong Da Xin Da Furnace Co., Ltd, and AZ Patio Heaters. In 2023, these three companies' revenue shares in the outdoor heating equipment market in the global market were 5.26%, 2.83%, and 1.73%, respectively.
Global Outdoor Heating Equipment Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, outdoor heating equipment can be divided into two categories: portable outdoor heating equipment and non-portable outdoor heating equipment. Among them, portable outdoor heating equipment dominates the market, with an expected market share of 64.59% by 2024.
From a regional perspective, the global outdoor heating equipment market is dominated by three major regions: the Americas, Europe, and Asia Pacific. Among them, the Americas is the largest revenue market. The data shows that the estimated revenue of the outdoor heating equipment market in the Americas in 2024 is $441 million, with an estimated market share of 40.24%.
Global Outdoor Heating Equipment Segment Market Revenue and Market Share Forecast in 2024
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Market Revenue (Million USD)
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Market Share
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Segmented by Type
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Portable
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712
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64.59%
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Non-portable
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384
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35.41%
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Segmented by Region
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Americas
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441
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40.24%
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Europe
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395
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36.00%
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Asia Pacific
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238
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21.68%
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Middle East & Africa
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23
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2.08%
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Source: www.globalmarketmonitor.com
Market Development Trend Prediction
With global climate change and the transformation of energy structure, the outdoor heating equipment market is showing the following development trends:
Energy conservation and environmental protection: Governments around the world are formulating and implementing a series of clean energy policies and carbon emission targets, and the outdoor heating equipment market is also shifting towards low-carbon, efficient, and environmentally friendly directions.
Intelligence: With the development of digital technology, the intelligence of heating equipment has become an important development direction, including automatic adjustment, remote control, fault diagnosis and other functions of the equipment.
Diversification: The diversification and personalization of market demand have driven the diversified development of heating equipment, including various forms of products and services such as heat pumps, cogeneration, and ground source heat pumps.
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