1. Heating Equipment Market Development Trend

Heating equipment refers to equipment used to provide indoor or outdoor temperature adjustment and hot water, including various types of boilers, furnaces, heaters, air conditioners, etc. With the improvement of people's living standards and the enhancement of environmental awareness, the heating equipment market presents the following development trends:

Energy conservation and environmental protection: around the world, governments are formulating and implementing a series of clean energy policies and carbon emission targets to deal with challenges such as climate change and energy security. These policies impose strict restrictions and regulations on the use of traditional fossil energy, while encouraging and supporting renewable energy and energy-saving technologies. Therefore, the heating equipment market is also changing to a low-carbon, efficient and environmentally friendly direction, using more new energy and new technologies to replace or optimize the original heating methods.

Intelligence: With the development and popularization of digital technology, intelligence has become one of the development directions of various fields and industries. In the heating equipment market, intelligence is manifested in two aspects: one is the intelligence of the heating equipment itself, through the integration of sensors, controllers, communication modules, etc., to achieve automatic adjustment, remote control, fault diagnosis, energy consumption monitoring and other functions of the equipment, improve the operating efficiency and service life of the equipment, reduce maintenance costs and energy consumption. The second is the intelligence of the heating system. Through the construction of cloud platform, big data analysis, artificial intelligence, etc., the optimization management, demand response, energy trading and other functions of the heating system are realized, the quality and satisfaction of heating services are improved, and operational risks and carbon emissions are reduced.

Diversification: With the diversification and individualization of market demand, the heating equipment market also presents diversified characteristics. On the one hand, different regions, places and users have different heating needs and preferences, and need to provide different heating equipment and solutions to meet them. On the other hand, different heating equipment has different performance and characteristics, and it is necessary to make reasonable collocation and configuration according to the actual situation to achieve the best heating effect. Therefore, there are many types and forms of products and services in the heating equipment market, including heat pumps, cogeneration, ground source heat pumps, photothermal, air source heat pumps, water source heat pumps, etc.

2. heating equipment market size

According to data from Champ Consulting Group, the global heating equipment market will increase from2022of the year363.5billion dollars to grow2023of the year401.6billion dollars, with a compound annual growth rate10.5%. The report pointed out that the main factors affecting the market growth include:

National policy support: In order to achieve the goal of clean energy transformation and carbon neutrality, governments have issued a series of regulations, standards, subsidies and other policy measures to encourage and promote the development of the heating equipment market in the direction of energy conservation and environmental protection. For example, the EU has developed the Renewable Energy Directive (RED II), required2030The share of renewable energy in final energy consumption reached32%which includes the area of building heating and cooling. China is also in 《“fourteen five”Modern energy system planning "clearly put forward, according to local conditions to promote air source heat pump, water source heat pump and other new heating equipment.

The growth of market demand: with the growth of population, the acceleration of urbanization, the improvement of living standards and other factors, the global demand for comfortable temperature regulation and hot water and other basic living needs continue to increase. At the same time, under the influence of climate change, extreme weather phenomena such as cold waves and high temperatures have appeared in some areas, which has also increased the demand for heating equipment. In addition, under the influence of the new crown epidemic, people's attention to indoor air quality and health and safety has also increased, and there is also a greater demand for heating equipment with fresh air ventilation function.

3. Heating Equipment Market Structure

The structure of the heating equipment market can be analyzed in terms of product type, regional distribution and end users.

3.1 Product Type

The main product types in the heating equipment market include heat pumps, cogeneration, ground source heat pumps, and photothermal. Among them, heat pump is a heating method that uses low-grade heat energy in air, water or soil to increase the temperature after compression and expansion. It has the advantages of high efficiency, energy saving, environmental protection, clean, safe and reliable, and is the focus of the future heating equipment market. field.

According to data from the Champ Consulting Group, the global heat pump market is in size.2021year677billion dollars, expected from2022Year2030The year will be8.1%The compound annual growth rate(CAGR)Growth. If extrapolated at this rate of growth, then2026In 2012, the global heat pump market size will reach approximately1000Billions of dollars. Europe is the world's largest heat pump market, accounting for nearly half of the global market, mainly benefiting from the EU's policy support and consumers' environmental awareness. The Asia-Pacific region is the fastest growing heat pump market in the world, mainly due to the rapid urbanization and construction development in countries such as China, Japan and South Korea.

3.2 regional distribution

The regional distribution of the heating equipment market is uneven, with Europe and North America as the main consumption regions, accounting for nearly 70% of the global market. This is mainly due to the climatic conditions, economic level, policy environment and market demand in these areas.

Europe is the world's largest market for heating equipment,2022The year occupied the global market.40%share. Europe has a relatively cold winter, there is a high demand for heating equipment. At the same time, the European Union is also one of the regions in the world that are most actively promoting clean energy transformation and carbon neutrality goals. It has introduced a series of regulations, standards, subsidies and other policy measures to encourage and promote the development of the heating equipment market in the direction of energy conservation and environmental protection. For example, the EU has developed the Renewable Energy Directive (RED II), required2030The share of renewable energy in final energy consumption reached32%This includes the area of building heating and cooling.

North America is the second largest heating equipment market in the world,2022The year occupied the global market.30%share. North America also has a relatively cold winter, there is a high demand for heating equipment. At the same time, North America also has a more mature and perfect heating equipment industry chain and technical level, with a number of well-known heating equipment manufacturers and service providers. In addition, after the Biden administration came to power, the United States also rejoined the "Paris Agreement" and proposed a series of clean energy and carbon emission reduction goals and measures, which brought new opportunities and challenges to the heating equipment market.

Asia Pacific is the fastest growing heating equipment market in the world,2022The year occupied the global market.25%share, expected2026The year will reach31%share, with a CAGR12.8%. The rapid growth in the Asia-Pacific region is mainly due to rapid urbanization and construction development in countries such as China, Japan and South Korea, as well as increased demand for clean energy and environmental protection equipment. China is the world's largest exporter of heating equipment, with strong production capacity and technological advantages, but there is still much room for improvement in domestic market demand. Japan and South Korea are one of the largest heat pump markets in the world, with high heat pump penetration and technology level, but they also face the challenge of market saturation and fierce competition.

3.3 end users

The end-users of the heating equipment market are mainly divided into three categories: commercial, industrial and institutional. Among them, commercial users are the largest end-user group,2020The year occupied the global market.46%share. Commercial users include hotels, restaurants, shopping malls, office buildings, schools and other commercial buildings, which have high demand and standards for heating equipment. At the same time, commercial users are more inclined to adopt energy-saving, environmentally friendly, intelligent and diversified heating equipment and solutions to improve heating efficiency and service quality, and reduce operating costs and carbon emissions.

Industrial users are the second largest end-user group,2022The year occupied the global market.35%share. Industrial users, including factories, warehouses, workshops and other industrial buildings, have a high demand for heating equipment and standards. At the same time, industrial users are more inclined to adopt energy-saving, environmentally friendly, intelligent and diversified heating equipment and solutions to improve heating efficiency and service quality, and reduce operating costs and carbon emissions.

Institutional users are the third largest group of end-users,2022The year occupied the global market.24%share. Institutional users, including hospitals, government agencies, military bases and other public service buildings, have high demand and standards for heating equipment. At the same time, institutional users are more inclined to adopt energy-saving, environmentally friendly, intelligent and diversified heating equipment and solutions to improve heating efficiency and service quality, and reduce operating costs and carbon emissions.

4. heating equipment market competition pattern

The competitive landscape of the heating equipment market is more fragmented, and there is no absolute monopoly advantage. Domestic and foreign enterprises have their own characteristics and advantages, and they compete fiercely in different products and regions. At the same time, emerging smart heating companies are also emerging, using digital technology to improve heating efficiency and service quality.

4.1 domestic enterprises

Domestic enterprises mainly use heat pumps as their main products in the heating equipment market, have strong production capacity and technical advantages, and have a high share and influence in both domestic and foreign markets. Domestic heat pump enterprises are mainly concentrated in Guangdong, Zhejiang, Jiangsu and other places, forming a number of leading enterprises with scale and brand effect, such as Midea, Gree, Haier, Oaks, Zhigao and so on. At the same time, there are also some heat pump companies that focus on specific areas or regions, such as Sun Rain, Wanhe, Hualing, and Zhongke Baino.

Domestic heat pump enterprises continue to increase investment in product innovation, channel expansion, and service improvement to adapt to market changes and user needs. For example, Midea Group launched a whole-house intelligent heating solution, using Internet of Things technology to achieve intelligent interconnection and remote control of a variety of heating equipment; Haier Zhijia launched air energy+The all-in-one floor heating machine realizes the perfect combination of air energy heat pump and floor heating system. Oaks launched an all-weather constant temperature water heater to realize24Hours of constant temperature water; Chigo introduced ultra-low temperature air energy heat pump, to achieve-30℃Stable operation in the environment.

4.2 foreign enterprises

Foreign enterprises in the heating equipment market mainly to cogeneration, ground source heat pump, light and heat as the main products, with a high level of technology and brand influence, in the international market occupies a larger share. The following are some specific cases of foreign heating equipment enterprises:

GlenDimplex：GlenDimplexis a leading global provider of electrical heating and cooling solutions headquartered in Ireland, with a number of well-known brands, suchDimplex、Creda、NoboWait.GlenDimplexIn the heating equipment market, it mainly provides electric heaters, electric fireplaces, electric heat pumps, solar water heaters and other products, covering multiple end users such as residential, commercial and industrial.GlenDimplexIt has production and sales bases in Europe, North America, Asia-Pacific and other regions, and is one of the world's largest manufacturers of electric heaters.

Viessmann:Viessmannis a leading global provider of heating and cooling systems headquartered in Germany, with more100It is one of the largest boiler manufacturers in Europe.ViessmannIn the heating equipment market, it mainly provides gas boilers, oil boilers, biomass boilers, solar energy systems, heat pumps and other products, covering multiple end users such as residential, commercial and industrial.ViessmannGlobally owned12a production base,120sales branch, more12000Employees, products sold74countries and regions.

Carrier：CarrierIt is a global leading provider of air conditioning and refrigeration solutions headquartered in the United States. It has a history of 100 years and is the inventor of the world's first air conditioner.CarrierIn the heating equipment market, it mainly provides air source heat pump, water source heat pump, ground source heat pump and other products, covering multiple end users such as residential, commercial and industrial.CarrierWorldwide more90000employees, more180Production and sales bases, products sold200Multiple countries and regions.

Bosch：Boschis a leading global engineering and technical service provider headquartered in Germany, with more130It is one of the largest auto parts suppliers in the world.BoschIn the heating equipment market, it mainly provides gas boilers, oil boilers, solar energy systems, heat pumps and other products, covering multiple end users such as residential, commercial and industrial.BoschWorldwide more400000employees, more440subsidiaries, products sold150Multiple countries and regions.

5. Heating Equipment Market Development Trend

The development trend of heating equipment market can be analyzed from the aspects of policy environment, technological innovation and market demand.

5.1 policy environment

The policy environment is an important factor affecting the development of the heating equipment market, including policies and regulations, standards and regulations, and financial subsidies at the national and local levels. Here are some of the policy environments associated with the heating equipment market:

Energy Law: The Energy Law is the basic law in the field of energy in China.2020Year12Month26The 24th meeting of the Standing Committee of the 13th National People's Congress voted and approved since2021Year9Month1From the day of implementation. The "Energy Law" clarifies the guiding ideology, basic principles, objectives and tasks, planning systems, safeguard measures, etc. of my country's energy development, and provides legal protection for the healthy development of my country's energy industry. The "Energy Law" emphasizes the promotion of energy transformation, improving energy efficiency, ensuring energy security, and promoting energy innovation, which has a positive guiding role in the development of the heating equipment market.

Carbon Neutrality Action Guide: The Carbon Neutrality Action Guide was issued by the National Development and Reform Commission in2021Year8A guidance document issued in January aims to provide reference for various regions and departments to formulate carbon neutral action plans for carbon peaks. The Carbon Neutrality Action Guide clarifies the overall goals, key areas, main tasks, and supporting measures for my country's carbon peak and carbon neutrality.“30·60”Goals provide a road map. The "Carbon Neutral Action Guide" emphasizes the content of accelerating the replacement of clean and low-carbon energy, promoting building energy conservation and emission reduction, and promoting green and low-carbon lifestyles, which has an important role in promoting the development of the heating equipment market.

Planning for Clean Heating in Winter in Northern China (2017-2021Year) ":" Winter Clean Heating Plan for Northern Regions (2017-2021Year) "is by the National Development and Reform Commission in2017Year9A special plan issued in January aims to provide guidance for clean heating in winter in the north. The "Plan" clarifies the overall goals, key tasks, and safeguard measures for clean heating in winter in the northern region, and provides policy support for the realization of bulk coal substitution, clean heat sources, and pipe network upgrades in the northern region. The "Planning" emphasizes the promotion of clean heating methods such as gas boilers, electric boilers, and heat pumps, which has a significant role in promoting the development of the heating equipment market.

"Building Energy Efficiency Regulations": "Building Energy Efficiency Regulations" is the basic regulations in the field of building energy efficiency in China.2008Year8Month3Nikkei State Council No.35Adopted at the executive meeting, since2008Year10Month1From the day of implementation. The "Building Energy Conservation Regulations" clarified the guiding ideology, basic principles, objectives and tasks, management system, supervision and inspection of building energy conservation work, and provided legal guarantees for the healthy development of building energy conservation in my country. The "Building Energy Efficiency Regulations" emphasizes the improvement of building energy efficiency standards, the promotion of energy-saving building materials, and the implementation of energy-saving transformation, which has a positive impact on the development of the heating equipment market.

Green Building Action Plan (2019-2022Year): Green Building Action Plan (2019-2022Year) "is by the Ministry of Housing and Urban-Rural Development in2019Year4A guidance document issued in January aims to provide guidance for promoting the development of green buildings. The Action Plan defines the overall objectives, key tasks and safeguard measures for the development of green buildings, and provides an action plan for the realization of green and low-carbon circular development in China. The "Action Plan" emphasizes the content of increasing the proportion of green buildings, promoting green building technology, and cultivating the green building market, which has an important leading role in the development of the heating equipment market.

5.2 technology innovation

Technological innovation is an important driving force to promote the development of heating equipment market, including product technology, system technology, digital technology and so on. Here are some of the technological innovations associated with the heating equipment market:

Product technology: Product technology refers to the technical level of the heating equipment itself, which is mainly reflected in the performance, efficiency, safety, and intelligence of the product. With the progress of science and technology and changes in market demand, heating equipment product technology is constantly innovating and optimizing. For example, heat pump product technology has been greatly improved in refrigerant selection, compressor design, heat exchanger structure, control system and other aspects, which has improved the operating efficiency and reliability of heat pumps; cogeneration product technology has made great breakthroughs in fuel selection, generator set design, waste heat utilization and other aspects, which has improved the comprehensive efficiency and environmental protection of cogeneration; ground source heat pump product technology has made great innovations in underground pipe network design, ground source heat exchanger structure, ground source balance and so on, which improves the stability and economy of ground source heat pump.

System technology: system technology refers to the coordination and integration technology between heating equipment and other systems or equipment, which is mainly reflected in the design, optimization, regulation and control of the system. With the diversification and complexity of the heating equipment market, the system technology is constantly innovating and improving. For example, multi-energy complementary system technology refers to the effective combination and coordination of different types or different sources of clean energy to achieve efficient operation and low carbon emissions of the heating system; district heating system technology refers to the implementation of multiple decentralized heating units Effective connection and management to achieve large-scale operation of the heating system and energy saving and emission reduction; smart heating system technology refers to the use of information technologies such as the Internet of Things, cloud computing, and big data to intelligently monitor and control the heating system to achieve optimal operation and service quality of the heating system.

Digital technology: digital technology refers to the process of data collection, analysis, display and application of heating equipment by digital means, which is mainly reflected in the aspects of data acquisition, processing, transmission, storage, display and application. With the development of information technology and the change of market demand, digital technology is also constantly innovating and applying. For example, Internet of Things technology refers to the use of sensors, communication modules, cloud platforms and other equipment and systems to monitor and remotely control heating equipment in real time to realize the intelligence and networking of heating equipment; big data technology refers to the use of data mining and machine Learning, artificial intelligence and other methods analyze and mine the massive data generated by heating equipment to realize the optimization and decision-making of heating equipment; virtual reality technology refers to the use of computer graphics, interactive technology and other means of heating equipment for three-dimensional simulation and simulation, in order to achieve the visualization and experience of heating equipment.

5.3 market demand

Market demand is an important factor affecting the development of heating equipment market, mainly including user demand, social demand and so on. Here are some of the market demands associated with the heating equipment market:

User demand: User demand refers to the expectations and requirements of the end users of heating equipment, mainly reflected in the user's comfort, satisfaction, preference and so on. With the changes in consumer attitudes and lifestyles, user needs are constantly changing and improving. For example, users have higher and higher requirements for the performance of heating equipment. They not only require heating equipment to provide stable, safe and efficient heating services, but also require heating equipment to be energy-saving, environmentally friendly, intelligent and convenient, and personalized customization; users have higher and higher service requirements for heating equipment, which not only requires heating equipment to provide timely, professional and considerate pre-sales and after-sales services, heating equipment is also required to provide diversified, differentiated, value-added and other services.

Social demand: Social demand refers to the expectations and requirements of all sectors of society for heating equipment, which are mainly reflected in the public welfare, responsibility, and sustainability of the society. With the development and progress of society and the change of values, social needs are constantly changing and improving. For example, the society has higher and higher environmental requirements for heating equipment, which not only requires heating equipment to reduce pollutant emissions and carbon footprint, but also requires heating equipment to use renewable energy to achieve carbon neutrality; the society has higher and higher requirements for the innovation of heating equipment, which not only requires heating equipment to follow the development of science and technology and introduce new technologies, but also requires heating equipment to lead the development of the industry and create new models; the society has higher and higher requirements for the fairness of heating equipment. It not only requires heating equipment to benefit the people and improve the quality of life, but also requires heating equipment to promote regional coordination and narrow the gap.

Conclusions on the 6. heating equipment market

Based on the above analysis, the following conclusions can be drawn:

The heating equipment market is a large-scale, rapid growth and huge potential market, which has attracted the attention and participation of many enterprises at home and abroad.

The development of the heating equipment market has been affected by the policy environment, technological innovation, market demand and other aspects, showing the characteristics of diversification, complexity, and intelligence.

The competitive landscape of the heating equipment market is more fragmented, and there is no absolute monopoly advantage. Domestic and foreign enterprises have their own characteristics and advantages, and they compete fiercely in different products and regions. At the same time, emerging smart heating companies are also emerging, using digital technology to improve heating efficiency and service quality.

The development trend of the heating equipment market is to develop in the direction of energy saving, environmental protection, intelligence, and diversification to meet user needs and social needs, and to achieve efficient operation and low-carbon development of heating equipment.