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Asia Pacific Unit Heater Market

2021

Asia Pacific Unit Heater Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation (Horizontal Unit Heater, Vertical Unit Heater, and Suspended Unit Heater), Application (Commercial, Industrial, and Residential), and Product Type (Gas Fired, Hydronic, Electric, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025710 | No. of Pages: 107 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Asia Pacific Unit Heater Market to Grow at a CAGR of 6.8% to reach US$ 1,462.08 million from 2021 to 2028

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The unit heater market in APAC is expected to grow from US$ 923.11 million in 2021 to US$ 1,462.08 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. Design and aesthetic appeal in heating systems have utmost importance in the electronics industry, such as, advancements in LED lighting, sensors, digitalization, remote control, advanced connectors, and other advanced technologies. The unit heater manufacturers focus on modularity, ease of use, quick access, and easy maintenance. The companies are focusing on integrating these features in the unit heaters to provide an intelligent management system. For instance, Robur offers a genius combined and dynamic design that can adjust and control up to 100 gas unit heaters. The user can access the system through the ModBus network connected to the PC. Manufacturers also focus on offering compact and modern designs, calendar systems, high-contrast and clear LED screens, thermostats, built-in temperature sensors, and valves with actuators. These small pieces of equipment are integrated with the unit heaters to provide a good design and aesthetic appeal for the unit heaters. The companies are also focusing on introducing unique designs of the fan blades, a tubular heat exchanger designed to enhance performance and reliability, self-diagnostic board with an LED display that improves troubleshooting efficiency and accuracy. Lennox designed a unit heater with heating capacities of 30,000–400,000 BTU/h for residential and commercial applications, the new product features LED display and sidewall venting. Thus, advancements in designs of unit heaters that complement the modern infrastructures are providing opportunities to the unit heater market players to expand their reach.

The COVID-19 outbreak has resulted in a substantial financial loss in the APAC region. The governments in Asia Pacific countries have taken several crucial steps to contain the spread of virus by imposing lockdown and physical distancing norms, which has negatively affected the manufacturing sector. In addition, China has significantly higher number of HVAC system manufacturers. The lockdown measures and physical distancing norms imposed by the Chinese government during Q1 has reflected huge fall in supply of HVAC systems, which ultimately resulted in decimation in revenue generation in the unit heater market in 2020. However, during later period of Q4 of 2020, the region experienced increase in adoption of unit heaters as infection rate were reduced and economic activities started to gain pace.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the unit heater market. The APAC unit heater market is expected to grow at a good CAGR during the forecast period.

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APAC Unit Heater Market Segmentation

APAC Unit Heater Market – By Installation

  • Horizontal Unit Heater
  • Vertical Unit Heater

Suspended Unit Heater

APAC Unit Heater Market – By Application

  • Commercial
  • Industrial
  • Residential

APAC Unit Heater Market -By Product Type

  • Gas Fired
  • Hydronic
  • Electric
  • Others

APAC Unit Heater Market- By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Unit Heater Market-Companies Mentioned

  • Armstrong International Inc.
  • Dunham-Bush Limited
  • Kroll Energy GmbH
  • Reznor HVAC
  • Thermon Industries, Inc.
  • Trane

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Unit Heater Market – By Installation

1.3.2 APAC Unit Heater Market – By Application

1.3.3 APAC Unit Heater Market – By Product Type

1.3.4 APAC Unit Heater Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Unit Heater Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Unit Heater Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Demand for Energy Efficient Unit Heaters

5.1.2 Booming Commercial Sector

5.2 Key Market Restraints

5.2.1 Carbon Emission Concerns

5.3 Key Market Opportunities

5.3.1 Advances In Design Complements Modern Infrastructure

5.4 Future Trends

5.4.1 Integration of Smart Technologies with Unit Heaters

5.5 Impact Analysis of Drivers and Restraints

6. Unit Heater Market – APAC Analysis

6.1 APAC Unit Heater Market Overview

6.2 Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

7. APAC Unit Heater Market Analysis – By Installation

7.1 Overview

7.2 Unit Heater Market, By Installation (2020 and 2028)

7.3 Horizontal Unit Heater

7.3.1 Overview

7.3.2 Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Vertical Unit Heater

7.4.1 Overview

7.4.2 Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Suspended Unit Heater

7.5.1 Overview

7.5.2 Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

8. APAC Unit Heater Market Analysis – By Application

8.1 Overview

8.2 Unit Heater Market, By Application (2020 and 2028)

8.3 Commercial

8.3.1 Overview

8.3.2 Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Industrial

8.4.1 Overview

8.4.2 Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Residential

8.5.1 Overview

8.5.2 Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Unit Heater Market Analysis – By Product Type

9.1 Overview

9.2 Unit Heater Market Breakdown, by Product Type, 2020 & 2028

9.3 Gas-Fired

9.3.1 Overview

9.3.2 Gas-Fired Market Revenue and Forecast to 2028 (US$ Million)

9.4 Hydronic

9.4.1 Overview

9.4.2 Hydronic Market Revenue and Forecast to 2028 (US$ Million)

9.5 Electric

9.5.1 Overview

9.5.2 Electric Market Revenue and Forecast to 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)

10. APAC Unit Heater Market – Country Analysis

10.1 Overview

10.1.1 APAC: Unit Heater Market, by Key Country

10.1.1.1 Australia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Unit Heater Market, by Installation

10.1.1.1.2 Australia: Unit Heater Market, by Application

10.1.1.1.3 Australia: Unit Heater Market, by Product Type

10.1.1.2 China: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Unit Heater Market, by Installation

10.1.1.2.2 China: Unit Heater Market, by Application

10.1.1.2.3 China: Unit Heater Market, by Product Type

10.1.1.3 India: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Unit Heater Market, by Installation

10.1.1.3.2 India: Unit Heater Market, by Application

10.1.1.3.3 India: Unit Heater Market, by Product Type

10.1.1.4 Japan: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Unit Heater Market, by Installation

10.1.1.4.2 Japan: Unit Heater Market, by Application

10.1.1.4.3 Japan: Unit Heater Market, by Product Type

10.1.1.5 South Korea: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Unit Heater Market, by Installation

10.1.1.5.2 South Korea: Unit Heater Market, by Application

10.1.1.5.3 South Korea: Unit Heater Market, by Product Type

10.1.1.6 Rest of APAC: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Unit Heater Market, by Installation

10.1.1.6.2 Rest of APAC: Unit Heater Market, by Application

10.1.1.6.3 Rest of APAC: Unit Heater Market, by Product Type

11. APAC Unit Heaters Market - COVID-19 Impact Analysis

11.1 Overview

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

13. Company Profiles

13.1 Armstrong International Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Dunham-Bush Limited

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Reznor HVAC

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Trane

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Kroll Energy GmbH

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Thermon Industries,Inc.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. APAC Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 3. Australia: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5. Australia: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)

Table 7. China: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. China: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. India: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)

Table 13. Japan: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14. Japan: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 17. South Korea: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of APAC: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of APAC: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 20. Rest of APAC: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Unit Heater Market Segmentation

Figure 2. APAC Unit Heater Market Segmentation – By Country

Figure 3. APAC Unit Heater Market Overview

Figure 4. Horizontal Unit Heater Segment Held the Largest Market Share Based on Installation

Figure 5. Commercial Segment Held the Largest Market Share Based on Application

Figure 6. Hydronic Segment Held the Largest Market Share Based on Product Type

Figure 7. China to Show Great Traction During Forecast Period

Figure 8. APAC – Pest Analysis

Figure 9. Expert Opinion

Figure 10. APAC Unit Heater Market Impact Analysis of Drivers and Restraints

Figure 11. APAC Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. APAC Unit Heater Market Revenue Share, by Installation (2020 and 2028)

Figure 13. APAC Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. APAC Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. APAC Unit Heater Market Revenue Share, by Application (2020 and 2028)

Figure 17. APAC Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. APAC Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC Unit Heater Market Breakdown, by Product Type (2020 and 2028)

Figure 21. APAC Gas-Fired Market Revenue and Forecast to 2028(US$ Million)

Figure 22. APAC Hydronic Market Revenue and Forecast to 2028(US$ Million)

Figure 23. APAC Electric Market Revenue and Forecast to 2028(US$ Million)

Figure 24. APAC Others Market Revenue and Forecast to 2028(US$ Million)

Figure 25. APAC: Unit Heater Market, by Key Country-Revenue 2020 (US$ Million)

Figure 26. APAC: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)

Figure 27. Australia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. China: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. India: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Japan: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. South Korea: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Rest of APAC: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

  1. Armstrong International Inc.
  2. Dunham-Bush Limited
  3. Kroll Energy GmbH
  4. Reznor HVAC
  5. Thermon Industries, Inc.
  6. Trane
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Unit Heater market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Unit Heater market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Unit Heater market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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