U.S. Heating Equipment (Except Warm Air Furnaces) Market. Analysis And Forecast to 2030
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View PricingHeating Equipment Price in the United States - 2023
Contents:
- Heating Equipment Price in the United States (CIF) - 2023
- Heating Equipment Price in the United States (FOB) - 2022
- Heating Equipment Imports in the United States
- Heating Equipment Exports in the United States
Heating Equipment Price in the United States (CIF) - 2023
In August 2023, the average heating equipment import price amounted to $8,559 per ton, which is down by -23% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 27% m-o-m. The import price peaked at $11,900 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($60,048 per ton), while the price for India ($2,710 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Heating Equipment Price in the United States (FOB) - 2022
The average heating equipment export price stood at $163,004 per ton in 2022, picking up by 34% against the previous year. Overall, export price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +26.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, heating equipment export price increased by +60.8% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($421,019 per ton), while the average price for exports to South Africa ($13,975 per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+64.9%), while the prices for the other major destinations experienced more modest paces of growth.
Heating Equipment Imports in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of heating equipment (except warm air furnaces), when their volume decreased by -15% to 268K tons. In general, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, imports attained the peak of 316K tons, and then fell notably in the following year.
In value terms, heating equipment imports expanded to $2.2B in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Heating Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 599 | 1,040 | 915 | 23.6% | |
| Canada | 250 | 273 | 327 | 14.4% | |
| Germany | 127 | 173 | 229 | 34.3% | |
| South Korea | 79.7 | 127 | 142 | 33.5% | |
| Taiwan (Chinese) | 32.5 | 46.5 | 42.1 | 13.8% | |
| India | 8.5 | 17.6 | 18.3 | 46.7% | |
| Others | 303 | 398 | 505 | 29.1% | |
| Total | 1,400 | 2,076 | 2,179 | 24.8% | |
Top Suppliers of Heating Equipment to the United States in 2022:
- China (205.2K tons)
- Taiwan (Chinese) (12.3K tons)
- Canada (10.3K tons)
- South Korea (8.6K tons)
- India (4.7K tons)
- Germany (4.2K tons)
Heating Equipment Exports in the United States
In 2022, approx. 5.3K tons of heating equipment (except warm air furnaces) were exported from the United States; shrinking by -11.3% on the previous year's figure. In general, exports faced a drastic downturn. The smallest decline of -9.7% was in 2021.
In value terms, heating equipment exports skyrocketed to $865M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Heating Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Canada | 461 | 529 | 647 | 18.5% | |
| Mexico | 44.0 | 55.3 | 74.8 | 30.4% | |
| China | 12.8 | 13.5 | 13.1 | 1.2% | |
| Taiwan (Chinese) | 3.1 | 8.0 | 9.2 | 72.3% | |
| South Korea | 20.4 | 13.5 | 8.4 | -35.8% | |
| Brazil | 7.6 | 6.7 | 7.1 | -3.3% | |
| Germany | 6.3 | 6.3 | 7.1 | 6.2% | |
| India | 8.9 | 8.3 | 6.2 | -16.5% | |
| United Kingdom | 9.2 | 7.4 | 6.2 | -17.9% | |
| Thailand | 9.1 | 7.1 | 5.6 | -21.6% | |
| Australia | 2.8 | 3.7 | 4.5 | 26.8% | |
| South Africa | 1.8 | 0.9 | 1.8 | 0.0% | |
| Others | 90.2 | 73.5 | 73.7 | -9.6% | |
| Total | 677 | 733 | 865 | 13.0% | |
Top Export Markets for Heating Equipment from the United States in 2022:
- Canada (1536.5 tons)
- Mexico (1436.6 tons)
- Taiwan (Chinese) (186.8 tons)
- China (181.5 tons)
- India (157.3 tons)
- Australia (130.5 tons)
- South Korea (129.4 tons)
- South Africa (126.6 tons)
- Thailand (124.0 tons)
- Germany (94.0 tons)
- Brazil (86.5 tons)
- United Kingdom (63.9 tons)
This report provides an in-depth analysis of the heating equipment market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333414 - Heating equipment (except warm air furnaces) manufacturing
Companies mentioned:
- M+w Americas
- Taco
- Raypak
- Detroit Stoker Company
- The Marley-Wylain Company
- ECR International
- Slant/Fin Corporation
- Bradford-White Corporation
- Array Technologies
- Filtran
- T.rad North America
- IHP Operations
- Real Goods Solar
- The Dyson-Kissner-Moran Corporation
- Solar Power
- Monessen Hearth Systems Company
- Terra-Therm
- Hunter Defense Technologies
- Central Boiler
- Burnham Holdings
- SMA America Production
- Beckett Gas
- Filtran Holdings
- Innovative Hearth Products
- Stamm International
- Amec Foster Wheeler North America Corp.
- Vari Corporation
- D S C Services
- Zeeco Usa
- Teyma USA & Abener Engineering and Construction Services Partnership
- Innovative Hearth Holdings
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The most significant increase in imports of Heating Equipment was observed in August 2023 with a month-on-month growth rate of 23%. However, the value of these imports declined sharply to $166M in November 2023.
188
In July 2023, the price of Heating Equipment was $10,892 per ton (CIF, US), showing a 20% growth compared to the previous month.
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In value terms, heating equipment imports expanded slightly to $116M in March 2023
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The U.S. takes a X% share (based on USD) of global heating equipment (except warm air furnaces) imports, which put it in second place, following Germany (X%). In 2015, U.S. heating equipment imports totaled X million
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Machine Tool imports reached a significant value of $735M in June 2023.
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Machine Tool imports totaled $784M in March 2023
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