South Korea Gas-Fired Heater Market was valued at USD 700 Million in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 5.7% from 2024 to 2030.
The South Korea gas-fired heater market has seen significant growth in recent years, driven by the rising demand for efficient and cost-effective heating solutions across various industries. Gas-fired heaters are commonly used in both residential and commercial applications due to their reliability, efficiency, and low operational costs. The market is expected to continue expanding as more industries recognize the benefits of these heating systems.
One of the primary applications of gas-fired heaters in South Korea is in the industrial sector, particularly in manufacturing and processing plants. Industries such as food processing, textiles, and chemicals require constant heating to maintain optimal production conditions. Gas-fired heaters provide the necessary heat without the high energy consumption associated with electric heating systems. In addition, they offer quicker heat-up times and greater temperature control, which is essential in these industries where precision is key.
The demand for gas-fired heaters is also growing in the commercial sector, especially in offices, hotels, and large retail stores. Businesses are increasingly turning to gas-fired heating systems to cut energy costs while ensuring a comfortable environment for employees and customers. These heaters are not only energy-efficient but also environmentally friendly compared to traditional heating methods, such as oil or coal-based systems.
Moreover, South Korea's government has been supportive of clean energy initiatives, including the adoption of natural gas for heating purposes. This policy shift has spurred the development and integration of gas-fired heater technologies across various sectors. The requirement for industries to meet stringent environmental regulations has further accelerated the shift towards cleaner and more sustainable heating solutions.
In residential areas, gas-fired heaters are popular due to their affordability and ability to provide rapid heat during colder months. Homeowners in South Korea have embraced these systems as they provide an efficient alternative to traditional electric heaters, with a longer lifespan and lower maintenance costs. The gas-fired heater market in South Korea continues to grow as more people opt for energy-efficient heating systems to reduce their carbon footprint and energy expenses.
The ongoing advancements in gas-fired heater technology, including the integration of smart controls and more efficient combustion systems, are further enhancing their appeal. These innovations help industries and consumers reduce operational costs while maintaining high-performance standards. As industries continue to prioritize energy efficiency, the demand for gas-fired heaters in South Korea is poised to increase, establishing it as a vital component of the country’s energy landscape.
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Dornback Furnace Division
Superior Radiant Products Ltd.
Sigma Thermal Solutions
Farnam Custom Products
Riello Burners North America
Bromic Heating USA
Process Combustion Corporation
Enerco Group Inc.
Modine
AEI Corporation
RADtec
Dunkirk Boilers
Heatec
Premium Air Systems
Inc.
SPX Corporation
LAUDA
Mark Climate Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Gas-Fired Heater Market
Conventional Gas-Fired Heaters
Condensing Gas-Fired Heaters
Combination Gas-Fired Heaters
Direct Vent Gas-Fired Heaters
Non-vented Gas-Fired Heaters
Residential Heating
Commercial Heating
Industrial Heating
Outdoor Heating
Pool Heating
Natural Gas
Propane
Butane
Biogas
Hybrid Fuel Gas Options
Smart Gas-Fired Heaters
Traditional Manual Thermostat Heaters
Modulating Gas-Fired Heaters
Variable Speed Gas-Fired Heaters
Heat Exchanger Technology
Homeowners
Property Developers
Facility Managers
Contractors and Installers
Energy Service Companies (ESCOs)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Gas-Fired Heater Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Gas-Fired Heater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Gas-Fired Heater Market, By Type
6. South Korea Gas-Fired Heater Market, By Application
7. South Korea Gas-Fired Heater Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Gas-Fired Heater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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