| Product Code: ETC4950928 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium`s heating equipment import market continued to see diverse sources of supply, with top exporters including Italy, Netherlands, Germany, China, and Metropolitan France. Despite the variety of countries contributing to imports, the market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The industry experienced a healthy compound annual growth rate (CAGR) of 5.27% from 2020 to 2024, although there was a slight decline in growth rate from 2023 to 2024 at -23.83%. This data suggests a dynamic and evolving market landscape for heating equipment imports in Belgium.

In the Europe region, the Heating Equipment market in Belgium is projected to expand at a stable growth rate of 2.75% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Heating Equipment Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Heating Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Heating Equipment Market - Industry Life Cycle |
3.4 Belgium Heating Equipment Market - Porter's Five Forces |
3.5 Belgium Heating Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Belgium Heating Equipment Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Belgium Heating Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions due to environmental concerns and government regulations promoting sustainability. |
4.2.2 Growing construction activities in Belgium leading to higher demand for heating equipment in residential and commercial buildings. |
4.2.3 Technological advancements in heating equipment leading to the adoption of smart and connected heating systems. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of heating equipment. |
4.3.2 Competition from alternative heating sources such as renewable energy systems like solar panels and geothermal heating. |
4.3.3 Economic uncertainties affecting consumer spending on heating equipment. |
5 Belgium Heating Equipment Market Trends |
6 Belgium Heating Equipment Market Segmentations |
6.1 Belgium Heating Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Belgium Heating Equipment Market Revenues & Volume, By Heat Pumps, 2021-2031F |
6.1.3 Belgium Heating Equipment Market Revenues & Volume, By Furnaces, 2021-2031F |
6.1.4 Belgium Heating Equipment Market Revenues & Volume, By Boilers, 2021-2031F |
6.1.5 Belgium Heating Equipment Market Revenues & Volume, By Unitary Heaters, 2021-2031F |
6.1.6 Belgium Heating Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Belgium Heating Equipment Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Belgium Heating Equipment Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Belgium Heating Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Belgium Heating Equipment Market Revenues & Volume, By Industrial, 2021-2031F |
7 Belgium Heating Equipment Market Import-Export Trade Statistics |
7.1 Belgium Heating Equipment Market Export to Major Countries |
7.2 Belgium Heating Equipment Market Imports from Major Countries |
8 Belgium Heating Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of heating equipment sold in the market. |
8.2 Adoption rate of smart heating systems in residential and commercial buildings. |
8.3 Number of new construction permits issued in Belgium, indicating potential demand for heating equipment. |
8.4 Percentage of households upgrading or replacing old heating systems with newer models. |
8.5 Government incentives or subsidies offered for the installation of energy-efficient heating equipment. |
9 Belgium Heating Equipment Market - Opportunity Assessment |
9.1 Belgium Heating Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Belgium Heating Equipment Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Belgium Heating Equipment Market - Competitive Landscape |
10.1 Belgium Heating Equipment Market Revenue Share, By Companies, 2024 |
10.2 Belgium Heating Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |