The unit heater market in Europe is expected to grow from US$ 1,076.84 million in 2021 to US$ 1,521.13 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
Germany, France ,Italy, Russia, and UK are major economies in Europe. The commercial sector comprises real estate buildings, malls, hotels, restaurants, motels, hospitals, commercial facilities, and community places. It plays an essential role in the progress of the GDP in developing and developed countries. Moreover, during winters, cold regions such as Europe requires a high heating flow in the commercial buildings. These factors are bolstering the demand for unit heaters, thereby leading to the rise in growth of unit heaters market.The European HVAC manufacturers experienced a lower demand rate in 2020. The European unit manufacturers, including unit heater manufacturers had observed difficult times to keep up with scheduled deliveries of their products. This is mainly owing to the significant disruption in the raw material supply chain. The manufacturers witnessed delay in receiving raw materials, which is led the manufacturers to slow down the production pace, which is showcasing the declination trend in revenue generation for unit heaters. The emergence of COVID-19 has negatively impacted the businesses of European HVAC systems manufacturers in 2020. Additionally, the UK, France, Germany, Spain, and others have observed the second and third wave of COVID-19 in 2021, which has again compelled the manufacturers to restrict their production unit workforce. However, with the mass vaccination drive and growth in commercial and industrial activities the unit heaters market experience growth in sales of unit heaters from Q1 of 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 Europe unit heater market is expected to grow at a good CAGR during the forecast period.
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Europe Unit Heater Market Segmentation
Europe Unit Heater Market – By Installation
- Horizontal Unit Heater
- Vertical Unit Heater
- Suspended Unit Heater
Europe Unit Heater Market – By Application
- Commercial
- Industrial
- Residential
Europe Unit Heater Market -By Product Type
- Gas Fired
- Hydronic
- Electric
- Others
Europe Unit Heater Market- By Country
- Germany
- France
- Italy
- Russia
- UK
- Rest of Europe
Europe Unit Heater Market-Companies Mentioned
- Armstrong International Inc.
- Dunham-Bush Limited
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Unit Heater Market – By Installation
1.3.2 Europe Unit Heater Market – By Application
1.3.3 Europe Unit Heater Market – By Product Type
1.3.4 Europe Unit Heater Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Unit Heater Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Unit Heater Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in 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 – Europe Analysis
6.1 Europe Unit Heater Market Overview
6.2 Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe 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. Europe 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. Europe 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. Europe Unit Heater Market – Country Analysis
10.1 Overview
10.1.1 Europe: Unit Heater Market, by Key Country
10.1.1.1 France: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 France: Unit Heater Market, by Installation
10.1.1.1.2 France: Unit Heater Market, by Application
10.1.1.1.3 France: Unit Heater Market, by Product Type
10.1.1.2 Germany: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Germany: Unit Heater Market, by Installation
10.1.1.2.2 Germany: Unit Heater Market, by Application
10.1.1.2.3 Germany: Unit Heater Market, by Product Type
10.1.1.3 Italy: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Unit Heater Market, by Installation
10.1.1.3.2 Italy: Unit Heater Market, by Application
10.1.1.3.3 Italy: Unit Heater Market, by Product Type
10.1.1.4 UK: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Unit Heater Market, by Installation
10.1.1.4.2 UK: Unit Heater Market, by Application
10.1.1.4.3 UK: Unit Heater Market, by Product Type
10.1.1.5 Russia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Unit Heater Market, by Installation
10.1.1.5.2 Russia: Unit Heater Market, by Application
10.1.1.5.3 Russia: Unit Heater Market, by Product Type
10.1.1.6 Rest of Europe: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Unit Heater Market, by Installation
10.1.1.6.2 Rest of Europe: Unit Heater Market, by Application
10.1.1.6.3 Rest of Europe: Unit Heater Market, by Product Type
11. Europe 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. Europe Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. France: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Unit Heater Market Segmentation
Figure 2. Europe Unit Heater Market Segmentation – By Country
Figure 3. Europe 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. Germany to Show Great Traction During Forecast Period
Figure 8. Europe – Pest Analysis
Figure 9. Expert Opinion
Figure 10. Europe Unit Heater Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 13. Europe Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 17. Europe Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Unit Heater Market Breakdown, by Product Type (2020 and 2028)
Figure 21. Europe Gas-Fired Market Revenue and Forecast to 2028(US$ Million)
Figure 22. Europe Hydronic Market Revenue and Forecast to 2028(US$ Million)
Figure 23. Europe Electric Market Revenue and Forecast to 2028(US$ Million)
Figure 24. Europe Others Market Revenue and Forecast to 2028(US$ Million)
Figure 25. Europe: Unit Heater Market, by Key Country –Revenue 2020 (US$ Million)
Figure 26. Europe: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. France: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Germany: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe Country Markets
- Armstrong International Inc.
- Dunham-Bush Limited
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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