World Domestic Heating Appliance Market to Grow 2.9% annually from 2014 to 2018, According to a New Study on ASDReports

Friday 3 October 2014, Amsterdam

Global demand for domestic heating appliances is forecast to expand 2.9% p.a. between 2014 and 2018. China, Japan, Jordan, Tanzania and the United States are considered the highest potential markets in the coming years.

According to recently published research now available on ASDReports, 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%).

Domestic heating appliance market size compared to market growth in different countries