U.S.: Heating Equipment Market 2025

Heating Equipment Market Size in the U.S.

For the tenth year in a row, the U.S. heating equipment market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Heating Equipment Exports

Exports from the U.S.

Heating equipment exports from the United States fell to X tons in 2022, waning by X% on 2021. Over the period under review, exports saw a abrupt downturn. The smallest decline of X% was in 2021. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, heating equipment exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Taiwan (Chinese) (X tons) were the main destinations of heating equipment exports from the United States, together accounting for X% of total exports. China, India, Australia, South Korea, South Africa, Thailand, Germany, Brazil and the UK lagged somewhat behind, together accounting for a further X%.

From 2020 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for heating equipment (except warm air furnaces) exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2020 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

Export Prices by Country

The average heating equipment export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated a significant expansion from 2020 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to South Africa ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Heating Equipment Imports

Imports into the U.S.

After nine years of growth, supplies from abroad of heating equipment (except warm air furnaces) decreased by X% to X tons in 2022. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, heating equipment imports rose modestly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of heating equipment to the United States, with a X% share of total imports. Moreover, heating equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Canada (X% per year).

In value terms, China ($X) constituted the largest supplier of heating equipment (except warm air furnaces) to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2020 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

Import Prices by Country

The average heating equipment import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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