The unit heaters market is expected to grow from US$ 3,740.3 million in 2021 to US$ 5,417.1 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.
Major unit heater manufacturers are focusing on offering energy-efficient products that provide 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 increasing the overall heating efficiency.
Rising demand for low-noise operations, increasing integration of electric heaters with solar panels, growing use of sensors to adjust the temperature automatically, and elevated efficiency at lower costs are the factors driving the global unit heaters market. The manufacturers are implementing new motor designs with low-noise fans and integrating thermostats, remote control options, and screen display in unit heaters. According to the US Department of Energy, several states are adopting 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.
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Unit Heater Market: Strategic Insights
Market Size Value in US$ 3,740.3 million in 2021 Market Size Value by US$ 5,417.1 million by 2028 Growth rate CAGR of 5.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Unit Heater Market: Strategic Insights
| Market Size Value in | US$ 3,740.3 million in 2021 |
| Market Size Value by | US$ 5,417.1 million by 2028 |
| Growth rate | CAGR of 5.4% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Further, an increase in demand for energy-efficient equipment in 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 worldwide.
Impact of COVID-19 Pandemic onUnit heaters Market
The COVID-19 outbreak has affected global supply chains and business revenues due to factory shutdowns, border closings, and trade bans across the globe. Thus, the outbreak is anticipated to have a negative impact on the growth rate of the global unit heater market and its ecosystem and players operating in this market.
Lucrative Regional Markets for Unit heaters Providers
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Unit heaters Market Insights
Integration of Smart Technologies with Unit Heaters is Fueling the Growth of Unit heaters
Unit heaters are available in various sizes and shapes. The next-generation unit heaters are designed to emphasize comfort, ease of use, automated operations, and remote control. Currently, unit heaters are integrated with warning indicators, fireproof materials, and explosion-proof features to make them user-friendly. Major manufacturers such as Qubino and Armstrong are working on incorporating intelligent technologies in their unit heaters. Heating equipment offered by Qubino features easy scheduling, remote access, energy tracking, color touchscreen, and sensor technologies.
Manufacturers such as Goodman Manufacturing Company and Qubino are also focusing on integrating the internet of things (IoT) and artificial intelligence (AI) in their unit heaters. Amana—a heating, ventilation, and air conditioning (HVAC) equipment manufacturing company—is engaged in integrating intelligent communicating technology in unit heaters to automate the operations to offer a better consumer experience with high comfort. Furthermore, the incorporation of smart thermostats, Bluetooth connectivity, Wi-Fi connection, and intelligent circuit boards is expected to raise the demand for smart unit heaters during the forecast period. For instance, unit heaters integrated with AI and machine learning better understand the consumer usage pattern and evaluate the time and duration of the usage, which further eliminates the user's requirement to operate the unit heater physically. Thus, integrating smart technologies with unit heaters is becoming a significant trend in the unit heater market.
Application-Based Market Insights
Based on application, the unit heater market is segmented into commercial, industrial, and residential. The commercial segment led the unit heaters market in 2020. The expanding commercial sector and the increasing energy consumption are the factors boosting the adoption of unit heaters in this sector. The market will grow significantly due to a shift in focus toward energy-efficient commercial infrastructure and elevated demand for secure and safe heating units in commercial spaces.
The commercial applications include hospitals, clinics, holiday homes, hotels, restaurants, shopping malls, and commercial complexes. Growing number of commercial buildings and booming real estate industry worldwide are adding to the demand for unit heaters. According to the Department of Business, Energy, and Industrial Strategy, the commercial sector contributed a 71% share to the total GDP of the UK in 2019. The European Union is set to work on the development of new healthcare facilities and hospitals during 2021–2027. Under its EU4health program, it is extending support to hospitals and medical service providers. The EU4health program would spend ~USD 362 million in 2021.
Unit heaters Market by Product Type – 2020 and 2028
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The players operating in the unit heaters market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In 2021, Dunham-Bush signed a contract with the historic Bath Abbey to provide EC motors unit heaters and convector heaters.
- In 2021, Trane established its new operation in Las Vegas. The company focuses on sales of its ventilating and air-conditioning (HVAC) systems, connected building solutions, heating, ventilating, and air-conditioning (HVAC) systems, and aftermarket parts. It is also planning to partner with technicians, engineers, civil contractors, and facility providers to offer heating solutions and increase its business.
The global unit heaters market has been segmented as follows:
Rolling Element Market – by Installation
- Horizontal Unit Heater
- Vertical Unit Heater
- Suspended Unit Heater
Unit heaters Market – by Application
- Commercial
- Industrial
- Residential
Unit heaters Market – by Product Type
- Gas Fired
- Hydronic
- Electric
- Others
Unit heaters Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South & Central America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Airtherm
- Armstrong International Inc.
- Beacon Morris
- Dunham-Bush Limited
- KING ELECTRICAL MFG. CO
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
- Turbonics, Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Installation, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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 global 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.
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.
The horizontal unit heater segment led the unit heater market with a market share of 44.1% in 2020. Horizontal unit heaters are used in applications wherein there is a low ceiling area. These heaters are designed to ensure the flow of air either up or down, and the direction of flow is controlled by an air deflector.
The commercial segment led the unit heater market with a market share of 53.8% in 2020. Unit heaters are used in important applications; the reliability of these systems drives their adoption in the commercial sector. The expanding commercial sector and the increasing energy consumption are the factors boosting the adoption of unit heaters in this sector. The market will grow significantly on the back of a shift in focus toward energy-efficient commercial infrastructure, and elevated demand for secure and safe heating units in commercial spaces.
Armstrong International Inc, Mestek Inc, Modine, Reznor HVAC, and Trane are the five key companies in the unit heater market.
North America is the leading region in the unit heater market and is anticipated to be the largest revenue contributor throughout the forecast period. In North America, the implementation of a heating equipment is backed by large-scale investments from the commercial sector. However, from a growth perspective, the Asia-Pacific region anticipated to gain significant traction and expected to witness the most attractive growth rate during the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Unit Heater Market – By Installation
1.3.2 Unit Heater Market – By Application
1.3.3 Unit Heater Market – By Product Type
1.3.4 Unit Heater Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Unit Heater Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia-Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Unit Heater Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Energy Efficient Unit Heaters
5.1.2 Flourishment of Commercial Sector
5.2 Key Market Restraints
5.2.1 Carbon Emission Concerns
5.2.2 High Capital Expenditure Associated with Development of Unit Heater
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 – Global Analysis
6.1 Unit Heater Market Global Overview
6.2 Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. 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. 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. 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)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. Unit Heater Market – Geographic Analysis
10.1 Overview
10.2 North America: Unit Heater Market
10.2.1 North America: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Unit Heater Market, by Installation
10.2.3 North America: Unit Heater Market, by Application
10.2.4 North America: Unit Heater Market, by Product Type
10.2.5 North America: Unit Heater Market, by Key Country
10.2.5.1 US: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Unit Heater Market, by Installation
10.2.5.1.2 US: Unit Heater Market, by Application
10.2.5.1.3 US: Unit Heater Market, by Product Type
10.2.5.2 Canada: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Unit Heater Market, by Installation
10.2.5.2.2 Canada: Unit Heater Market, by Application
10.2.5.2.3 Canada: Unit Heater Market, by Product Type
10.2.5.3 Mexico: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Unit Heater Market, by Installation
10.2.5.3.2 Mexico: Unit Heater Market, by Application
10.2.5.3.3 Mexico: Unit Heater Market, by Product Type
10.3 Europe: Unit Heater Market
10.3.1 Europe: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Unit Heater Market, by Installation
10.3.3 Europe: Unit Heater Market, by Application
10.3.4 Europe: Unit Heater Market, by Product Type
10.3.5 Europe: Unit Heater Market, by Key Country
10.3.5.1 France: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 France: Unit Heater Market, by Installation
10.3.5.1.2 France: Unit Heater Market, by Application
10.3.5.1.3 France: Unit Heater Market, by Product Type
10.3.5.2 Germany: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 Germany: Unit Heater Market, by Installation
10.3.5.2.2 Germany: Unit Heater Market, by Application
10.3.5.2.3 Germany: Unit Heater Market, by Product Type
10.3.5.3 Italy: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Unit Heater Market, by Installation
10.3.5.3.2 Italy: Unit Heater Market, by Application
10.3.5.3.3 Italy: Unit Heater Market, by Product Type
10.3.5.4 UK: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Unit Heater Market, by Installation
10.3.5.4.2 UK: Unit Heater Market, by Application
10.3.5.4.3 UK: Unit Heater Market, by Product Type
10.3.5.5 Russia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Unit Heater Market, by Installation
10.3.5.5.2 Russia: Unit Heater Market, by Application
10.3.5.5.3 Russia: Unit Heater Market, by Product Type
10.3.5.6 Rest of Europe: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Unit Heater Market, by Installation
10.3.5.6.2 Rest of Europe: Unit Heater Market, by Application
10.3.5.6.3 Rest of Europe: Unit Heater Market, by Product Type
10.4 APAC: Unit Heater Market
10.4.1 APAC: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Unit Heater Market, by Installation
10.4.3 APAC: Unit Heater Market, by Application
10.4.4 APAC: Unit Heater Market, by Product Type
10.4.5 APAC: Unit Heater Market, by Key Country
10.4.5.1 Australia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Unit Heater Market, by Installation
10.4.5.1.2 Australia: Unit Heater Market, by Application
10.4.5.1.3 Australia: Unit Heater Market, by Product Type
10.4.5.2 China: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Unit Heater Market, by Installation
10.4.5.2.2 China: Unit Heater Market, by Application
10.4.5.2.3 China: Unit Heater Market, by Product Type
10.4.5.3 India: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Unit Heater Market, by Installation
10.4.5.3.2 India: Unit Heater Market, by Application
10.4.5.3.3 India: Unit Heater Market, by Product Type
10.4.5.4 Japan: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Unit Heater Market, by Installation
10.4.5.4.2 Japan: Unit Heater Market, by Application
10.4.5.4.3 Japan: Unit Heater Market, by Product Type
10.4.5.5 South Korea: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Unit Heater Market, by Installation
10.4.5.5.2 South Korea: Unit Heater Market, by Application
10.4.5.5.3 South Korea: Unit Heater Market, by Product Type
10.4.5.6 Rest of APAC: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Unit Heater Market, by Installation
10.4.5.6.2 Rest of APAC: Unit Heater Market, by Application
10.4.5.6.3 Rest of APAC: Unit Heater Market, by Product Type
10.5 MEA: Unit Heater Market
10.5.1 MEA: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Unit Heater Market, by Installation
10.5.3 MEA: Unit Heater Market, by Application
10.5.4 MEA: Unit Heater Market, by Product Type
10.5.5 MEA: Unit Heater Market, by Key Country
10.5.5.1 South Africa: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Unit Heater Market, by Installation
10.5.5.1.2 South Africa: Unit Heater Market, by Application
10.5.5.1.3 South Africa: Unit Heater Market, by Product Type
10.5.5.2 Saudi Arabia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Unit Heater Market, by Installation
10.5.5.2.2 Saudi Arabia: Unit Heater Market, by Application
10.5.5.2.3 Saudi Arabia: Unit Heater Market, by Product Type
10.5.5.3 UAE: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Unit Heater Market, by Installation
10.5.5.3.2 UAE: Unit Heater Market, by Application
10.5.5.3.3 UAE: Unit Heater Market, by Product Type
10.5.5.4 Rest of MEA: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Unit Heater Market, by Installation
10.5.5.4.2 Rest of MEA: Unit Heater Market, by Application
10.5.5.4.3 Rest of MEA: Unit Heater Market, by Product Type
10.6 SAM: Unit Heater Market
10.6.1 SAM: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Unit Heater Market, by Installation
10.6.3 SAM: Unit Heater Market, by Application
10.6.4 SAM: Unit Heater Market, by Product Type
10.6.5 SAM: Unit Heater Market, by Key Country
10.6.5.1 Brazil: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Unit Heater Market, by Installation
10.6.5.1.2 Brazil: Unit Heater Market, by Application
10.6.5.1.3 Brazil: Unit Heater Market, by Product Type
10.6.5.2 Argentina: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Unit Heater Market, by Installation
10.6.5.2.2 Argentina: Unit Heater Market, by Application
10.6.5.2.3 Argentina: Unit Heater Market, by Product Type
10.6.5.3 Rest of SAM: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Unit Heater Market, by Installation
10.6.5.3.2 Rest of SAM: Unit Heater Market, by Application
10.6.5.3.3 Rest of SAM: Unit Heater Market, by Product Type
11. Unit Heaters Market - COVID-19 Impact Analysis
11.1 North America
11.2 Europe
11.3 Asia Pacific
11.4 Middle East and Africa
11.5 South America
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. Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 6. US: Unit Heater Market, by Installation –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Unit Heater Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Unit Heater Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Unit Heater Market, by Installation– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Unit Heater Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 19. France: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 20. France: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. France: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 38. APAC: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. APAC: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. APAC Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 41. Australia: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Unit Heater Market, by Installation– Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 63. South Africa: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 68. Said Arabia: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Unit Heater Market, by Installation– Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Unit Heater Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 79. Brazil: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Unit Heater Market Segmentation
Figure 2. Unit Heater Market Segmentation – By Geography
Figure 3. Global 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. APAC to Show Great Traction During Forecast Period
Figure 8. North America – Pest Analysis
Figure 9. Europe – Pest Analysis
Figure 10. Asia-Pacific – Pest Analysis
Figure 11. Middle East and Africa – Pest Analysis
Figure 12. South America – Pest Analysis
Figure 13. Expert Opinion
Figure 14. Commercial Real Estate Finance in the US
Figure 15. Unit Heater Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Unit Heater Market
Figure 17. Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 19. Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 23. Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Unit Heater Market Breakdown, by Product Type (2020 and 2028)
Figure 27. Gas-Fired Market Revenue and Forecast to 2028(US$ Million)
Figure 28. Hydronic Market Revenue and Forecast to 2028(US$ Million)
Figure 29. Electric Market Revenue and Forecast to 2028(US$ Million)
Figure 30. Others Market Revenue and Forecast to 2028(US$ Million)
Figure 31. Global Unit Heater Market Revenue Share, by Region (2020 and 2028)
Figure 32. North America: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 34. North America: Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 35. North America: Unit Heater Market Revenue Share, by Product Type (2020 and 2028)
Figure 36. North America: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 37. US: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 42. Europe: Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 43. Europe: Unit Heater Market Revenue Share, by Product Type (2018 and 2027)
Figure 44. Europe: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 45. France: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Germany: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Italy: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. UK: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Russia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. APAC: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. APAC: Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 53. APAC: Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 54. APAC: Unit Heater Market Revenue Share, by Product Type (2018 and 2027)
Figure 55. APAC: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 56. Australia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of APAC: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. MEA: Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 64. MEA: Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 65. MEA: Unit Heater Market Revenue Share, by Product Type (2018 and 2027)
Figure 66. MEA: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 67. South Africa: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. UAE: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of MEA: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. SAM: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. SAM: Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 73. SAM: Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 74. SAM: Unit Heater Market Revenue Share, by Product Type (2018 and 2027)
Figure 75. SAM: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 76. Brazil: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Argentina: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Rest of SAM: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Impact of COVID-19 Pandemic in North America Country Markets
Figure 80. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 81. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 82. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 83. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Unit Heater Market
- Airtherm
- Armstrong International Inc.
- Beacon Morris
- Dunham-Bush Limited
- KING ELECTRICAL MFG. CO
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
- Turbonics, Inc.
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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