Global Domestic Heating Appliance Industry Expansion is Forecast to Reach 2.9% P.A.

Date: 2015-08-13

“The expansion of the global domestic heating appliance industry is forecast to reach 2.9% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.3%. Currently, soil heating and other electric space heating equipment accounts for 42.1% of the global demand while the remaining market share is divided between electric heating resistors (41.6%), non-electric heaters (13.5%) and electric storage heating radiators (2.8%).

Canada, China, Germany, Japan and the United States represent the largest domestic heating appliance markets while the strongest annual growth is forecast to occur in Tanzania (35.0%), Jordan (15.6%), Bolivia (14.8%), Philippines (12.0%) and Azerbaijan (9.5%).”

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