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U.S. Heating Equipment (Except Warm Air Furnaces) Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Heating Equipment (Except Warm Air Furnaces) Market. Analysis And Forecast to 2030

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Sep 18, 2023

United States Experiences Sharp Increase in Heating Equipment Prices to $10.9 per kg

U.S. Heating Equipment Import Price in July 2023

In July 2023, the heating equipment price stood at $10,892 per ton (CIF, US), growing by 20% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The growth pace was the most rapid in March 2023 an increase of 27% against the previous month. Over the period under review, average import prices attained the maximum at $11,750 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($38,333 per ton), while the price for Taiwan (Chinese) ($2,278 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Heating Equipment Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Heating Equipment in U.S. (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Germany44,17773,18654,16656,99972,33859,27330,35345,39067,56472,33039,23771,58438,333
Canada30,84136,00439,60033,20835,77034,82754,81239,17833,91844,39526,63337,32333,065
South Korea18,76011,64013,03415,03021,38420,40619,63719,99719,21620,90820,51118,79417,737
China4,4355,1064,6084,0384,1754,5055,0203,5913,5953,4863,5993,9565,255
Taiwan (Chinese)3,9124,6443,8444,8453,7373,4103,4284,2843,3627,3523,0672,0742,278
Average7,8598,6058,7618,5829,61410,66411,7508,86311,27310,08210,0869,07310,892

U.S. Heating Equipment Imports

In July 2023, approximately 17K tons of heating equipment (except warm air furnaces) were imported into the United States; increasing by 14% on June 2023. Over the period under review, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in April 2023 with an increase of 21% against the previous month.

In value terms, heating equipment imports surged to $185M (IndexBox estimates) in July 2023. Overall, imports, however, saw a relatively flat trend pattern.

U.S. Heating Equipment Imports by Country

In July 2023, China (12K tons) constituted the largest heating equipment supplier to the United States, accounting for a 69% share of total imports. Moreover, heating equipment imports from China exceeded the figures recorded by the second-largest supplier, Canada (973 tons), more than tenfold. South Korea (973 tons) ranked third in terms of total imports with a 5.7% share.

From July 2022 to July 2023, the average monthly growth rate of volume from China amounted to -4.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+1.7% per month) and South Korea (+2.3% per month).

In value terms, the largest heating equipment suppliers to the United States were China ($62M), Canada ($32M) and Germany ($26M), with a combined 65% share of total imports. These countries were followed by South Korea, Mexico, Taiwan (Chinese) and India, which together accounted for a further 12%.

In terms of the main suppliers, Mexico, with a CAGR of +4.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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