| Product Code: ETC5875126 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Belgium`s thermal systems import market in 2024 saw significant diversification with top exporters being Germany, China, Poland, Netherlands, and South Korea. The market concentration, as measured by the HHI, decreased from low in 2023 to very low in 2024, indicating a more competitive landscape. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 3.34%. This suggests a steady expansion in the market over the years, driven by imports from a variety of countries catering to Belgium`s thermal systems needs.

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 Thermal Systems Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Thermal Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Thermal Systems Market - Industry Life Cycle |
3.4 Belgium Thermal Systems Market - Porter's Five Forces |
3.5 Belgium Thermal Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Belgium Thermal Systems Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Belgium Thermal Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient solutions in Belgium |
4.2.2 Government initiatives and regulations promoting the adoption of sustainable heating systems |
4.2.3 Increasing awareness about environmental issues and the impact of traditional heating systems on climate change |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing thermal systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance of thermal systems |
4.3.3 Seasonal fluctuations in demand for thermal systems |
5 Belgium Thermal Systems Market Trends |
6 Belgium Thermal Systems Market Segmentations |
6.1 Belgium Thermal Systems Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Belgium Thermal Systems Market Revenues & Volume, By Front & Rear A/C, 2021-2031F |
6.1.3 Belgium Thermal Systems Market Revenues & Volume, By Powertrain, 2021-2031F |
6.1.4 Belgium Thermal Systems Market Revenues & Volume, By Seat, 2021-2031F |
6.1.5 Belgium Thermal Systems Market Revenues & Volume, By Steering, 2021-2031F |
6.1.6 Belgium Thermal Systems Market Revenues & Volume, By Battery, 2021-2031F |
6.1.7 Belgium Thermal Systems Market Revenues & Volume, By Motor, 2021-2031F |
6.1.9 Belgium Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.1.10 Belgium Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.2 Belgium Thermal Systems Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Belgium Thermal Systems Market Revenues & Volume, By ICE, 2021-2031F |
6.2.3 Belgium Thermal Systems Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Belgium Thermal Systems Market Revenues & Volume, By Off-Vehicle & ATV, 2021-2031F |
7 Belgium Thermal Systems Market Import-Export Trade Statistics |
7.1 Belgium Thermal Systems Market Export to Major Countries |
7.2 Belgium Thermal Systems Market Imports from Major Countries |
8 Belgium Thermal Systems Market Key Performance Indicators |
8.1 Energy savings achieved through the use of thermal systems |
8.2 Number of residential and commercial buildings adopting thermal systems |
8.3 Carbon footprint reduction attributed to the use of thermal systems |
9 Belgium Thermal Systems Market - Opportunity Assessment |
9.1 Belgium Thermal Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Belgium Thermal Systems Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Belgium Thermal Systems Market - Competitive Landscape |
10.1 Belgium Thermal Systems Market Revenue Share, By Companies, 2024 |
10.2 Belgium Thermal Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |