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North America Unit Heater Market

2021

North America 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: TIPRE00025721 | No. of Pages: 107 | Category: Electronics and Semiconductor | Status: Published

Market Insights

North America Unit Heater Market to Grow at a CAGR of 4.6% to reach US$ 1,695.56 million from 2021 to 2028

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The unit heater market in North America is expected to grow from US$ 1,236.18 million in 2021 to US$ 1,695.56 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. Major unit heater manufacturers are focusing on offering energy-efficient products that offer optimal heating, exhibit low maintenance and operational costs, and operate with decreased emission levels. For instance, Modine Manufacturing Company launched a new unit heater named Affinity, which features a dual heat exchanger, power exhauster, and separated combustion chamber, thereby emitting less CO2 levels and increases the overall heating efficiency.Rising demand for low-noise operations, integration of electric heaters with solar panels, growing use of sensors to automatically adjust the temperature, and elevated efficiency at lower costs are the factors driving the growth of the unit heaters market. The manufacturers are focusing on the implementation of new motor designs with low-noise fans, and the integration of thermostat, remote control option, and screen display in unit heaters. According to the US Department of Energy, several states in the country are adopting the state efficiency standards for unit heaters, which would further encourage the production of energy-efficient unit heaters. Hazloc Heaters developed an explosion-proof electric air heater for operations in hazardous conditions to meet the US and Canadian certification standards. The heater features spark-resistant fan assembly, which is in the quality standard of AMCA 99-10. Further, increase in demand for energy-efficient equipment in the food & beverages, manufacturing, chemicals, pharmaceutical, oil & gas, and other sectors is boosting the unit heater market growth. According to the US Energy Information Administration (EIA), the manufacturing sector accounted for ~77% of the industrial energy consumption. In addition, the growing replacement and maintenance of unit heaters are driving the demand for energy-efficient unit heaters.

During late Q1 and entire Q2, the majority of the manufacturing facilities in North America operated with minimum staff or halted their manufacturing momentarily; the supply chain of components and parts were disrupted. According to the American Institute of Architects (AIA), the outbreak of COVID-19 has significantly impacted the construction industry in US. The construction activity declined in 2020 and the trend is likely to prevail in 2021. The construction activities in terms of hospitality industry are declined by approximately 20%, by 11% in commercial offices and approximately 8% in the retail sector. However, the construction of healthcare facilities and public safety have surged in 2020. The industries that install higher volumes of HVAC systems have been hit at various levels of degree by the COVID-19 pandemic. Hotels, hospitality, and restaurants have been struggling due to concerns over contracting the virus, even after they could reopen. The Canadian and Mexican unit heaters market also witnessed and are experiencing similar tremors owing the widespread of COVID-19 virus. The commercial sector in the two countries have been witnessing significant shocks. Apart from commercial sector, the residential HVAC systems industry in Canada and Mexico also observed decline in sales. Moreover, as the economies reponed and restriction measures were relaxed along with vaccine drive augment the growth of unit heaters market from 2021.

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 North America unit heater market is expected to grow at a good CAGR during the forecast period.
North America unit heater market

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North America Unit Heater Market Segmentation

North America Unit Heater Market – By Installation

  • Horizontal Unit Heater
  • Vertical Unit Heater

Suspended Unit Heater

North America Unit Heater Market – By Application

  • Commercial
  • Industrial
  • Residential

North America Unit Heater Market -By Product Type

  • Gas Fired
  • Hydronic
  • Electric
  • Others

North America Unit Heater Market- By Country

  • US
  • Canada
  • Mexico

North America Unit Heater Market-Companies Mentioned

  • Airtherm
  • Armstrong International Inc.
  • Beacon Morris
  • Dunham-Bush Limited
  • KING ELECTRICAL MFG. CO.
  • Kroll Energy GmbH
  • Reznor HVAC
  • Thermon Industries, Inc.
  • Trane
  • Turbonics, Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Unit Heater Market – By Installation

1.3.2 North America Unit Heater Market – By Application

1.3.3 North America Unit Heater Market – By Product Type

1.3.4 North America Unit Heater Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Unit Heater Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Unit Heater Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Energy Efficient Unit Heaters

5.1.2 Flourishment of 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 – North America Analysis

6.1 North America Unit Heater Market Overview

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

7. North America Unit Heater Market Analysis – By Installation

7.1 Overview

7.2 North America 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. North America Unit Heater Market Analysis – By Application

8.1 Overview

8.2 North America 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. North America 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. North America Unit Heater Market – Country Analysis

10.1 Overview

10.1.1 North America: Unit Heater Market, by Key Country

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

10.1.1.1.1 US: Unit Heater Market, by Installation

10.1.1.1.2 US: Unit Heater Market, by Application

10.1.1.1.3 US: Unit Heater Market, by Product Type

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

10.1.1.2.1 Canada: Unit Heater Market, by Installation

10.1.1.2.2 Canada: Unit Heater Market, by Application

10.1.1.2.3 Canada: Unit Heater Market, by Product Type

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

10.1.1.3.1 Mexico: Unit Heater Market, by Installation

10.1.1.3.2 Mexico: Unit Heater Market, by Application

10.1.1.3.3 Mexico: Unit Heater Market, by Product Type

11. North America 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 Turbonics, 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 KING ELECTRICAL MFG. CO.

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 Armstrong International Inc.

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 Dunham-Bush Limited

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 Reznor HVAC

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 Trane

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

13.7 Airtherm

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Beacon Morris

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Kroll Energy GmbH

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Thermon Industries,Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

Table 12. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Unit Heater Market Segmentation

Figure 2. North America Unit Heater Market Segmentation – By Country

Figure 3. North America 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. US to Show Great Traction During Forecast Period

Figure 8. North America – Pest Analysis

Figure 9. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 30. Impact of COVID-19 Pandemic in North America Country Markets

  1. Airtherm
  2. Armstrong International Inc.
  3. Beacon Morris
  4. Dunham-Bush Limited
  5. KING ELECTRICAL MFG. CO.
  6. Kroll Energy GmbH
  7. Reznor HVAC
  8. Thermon Industries, Inc.
  9. Trane
  10. Turbonics, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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