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The heating equipment manufacturing market growth outlook is positive with significant growth potential for boilers and solar water heating equipment. There is pressure on heating equipment manufacturers to offer energy efficient equipment at affordable prices. At the same time, factors such as rising disposable income in emerging markets, subsidies for solar water heating equipment and increasing demand for energy efficient equipment in developed and developing markets are contributing to the growth of the market.
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The heating equipment manufacturing market reached a value of REDACTED in 2018 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2023.
The market for heating equipment manufacturing is fragmented. Major players in the market are United Technologies Corp., Ingersoll Rand plc Cheap Authentic Jerseys , Robert Bosch GmbH, Ariston Thermo Group, Daikin Industries, Ltd. and others.
The boilers segment accounted for the largest share of the heating equipment manufacturing market in 2018 at REDACTED. The highest growth is also projected to come from the boiler segment Cheap Jerseys Wholesale , which is forecast to grow at a CAGR of REDACTED. Major factors for this growth include increasing demand for theseproducts from emerging markets and rising demand for energy efficient boilers in developed and developing markets.
Western Europe is the largest region in the heating equipment manufacturing market, accounting for REDACTED of the global market in 2018. It was followed by North America and Eastern Europe. Going forward, the fastest growth in the heating equipment manufacturing market will take place in Eastern Europe where sales revenue is expected to grow at a CAGR of REDACTED, followed by Western Europe at a CAGR of REDACTED.
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The USA is the largest country in terms of market value in the heating equipment manufacturing market in 2018. Russia and China are forecast to be the countries with the fastest growth Cheap Jerseys From China , at a CAGR of REDACTED and REDACTED respectively.
The market is challenged by restraints such as stringent regulations on the use of wooden logs and fossil fuels as energy sources for heating equipment, global warming and. Cheap Nike Shoes Cheap Air Jordan Cheap Nike Air Max Cheap Air Max 2018 Cheap Air Max 90 Cheap Air Max Womens Jordan 12 Shoes For Sale Air Max 2018 Outlet Cheap Jerseys China Wholesale NFL Jerseys
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