Global Electric Heating Equipment Market Set to Reach USD 12.6 Billion by 2029 Advancements in Energy Efficiency and Sustainability Drive Market Expansion The Global Electric Heating Equipment Market Size is poised for substantial growth, with projections indicating an increase from USD 9.4 billion in 2022 to USD 12.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5%. This upward trajectory is driven by the escalating demand for energy-efficient and environmentally friendly heating solutions across various sectors.
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