Unit Heater Market By Types (Gas-fired, Electric, Hydronic, Others), By Installation (Horizontal, Vertical, Suspended), By Application (Commercial, Industrial, Residential): Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global unit heater market was valued at $4,038.0 million in 2022, and is projected to reach $6,670.48 million by 2032, registering a CAGR of 5.2% from 2023 to 2032.

A unit heater is a practical and robust heating solution, ideal for heating commercial or industrial spaces like warehouses and workshops. It combines a heating element, fan, and controls within a single, compact unit, and can operate on electricity, gas, or oil. Designed for efficiency, it distributes heat evenly, often mounted on walls or ceilings to save space and improve safety. Renowned for its durability and ease of use, a Unit Heater is a go-to option for effective and focused temperature control in larger, open areas.

The unit heater market has experienced significant growth due to the escalating frequency of extreme weather events and the growing necessity for climate control across diverse applications. With climate change leading to more unpredictable and severe weather conditions, the demand for reliable heating solutions has surged. Unit heaters play a pivotal role in maintaining consistent temperatures in industrial, commercial, and residential settings, ensuring comfort, safety, and operational efficiency even during extreme weather events. This heightened demand can be attributed to the imperative need for climate control solutions that can adapt and provide stability in an increasingly volatile environmental landscape.

However, maintenance and repair costs represent a significant constraint within the unit heater market, especially when dealing with older units. These ongoing expenses can have a significant impact on the total cost of ownership for both businesses and individuals. As unit heaters age, they tend to require more frequent repairs and maintenance to ensure their efficient and safe operation. These expenditures can escalate over time, placing a burden on budgets and potentially discouraging potential buyers or prompting existing users to explore more cost-effective alternatives. As a result, the predominance of maintenance and repair expenses in the unit heater market emphasises the need of manufacturers and customers carefully considering the long-term financial consequences of heating solutions.

Moreover, the unit heater industry is seeing a great opportunity, driven by increased demand for energy-efficient solutions. As energy costs rise and environmental restrictions become more rigorous, there is an obvious need for innovation in this industry. This trend is led by unit heaters that use superior heat exchange technology and sophisticated control systems. These advancements not only assist to minimise energy consumption but also improve overall heating performance, making them a viable option for both commercial and industrial applications. This developing sector offers significant development opportunities for organisations seeking to capitalise on the increased emphasis on energy efficiency and sustainability.

The global unit heater market is analyzed by type, installation, application, and region. Based on type, it is broken down into gas-fired, electric, hydronic, and others. By installation, the market is classified into horizontal, vertical, and suspended. By application, the market is fragmented into commercial, industrial, and residential. Based on region, the global unit heater market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Chile, Argentina, rest of Latin America ), and Middle East & Africa (UAE, Saudi Arabia, Africa, rest of MEA).

The major companies profiled in the report include Modine Manufacturing Company, Reznor, Lennox International Inc., Trane Technologies, Sterling HVAC, Johnson Controls, Marley Engineered Products, King Electric, TPI Corporation, and Qingdao Haier Special Vehicles Co., Ltd.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the unit heater market analysis from 2022 to 2032 to identify the prevailing unit heater market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the unit heater market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global unit heater market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Product Benchmarking / Product specification and applications
Product Life Cycles
Supply Chain Analysis & Vendor Margins
Upcoming/New Entrant by Regions
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Types

Gas-fired
Electric
Hydronic
Others

By Installation

Horizontal
Vertical
Suspended

By Application

Residential
Commercial
Industrial

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Chile
- Rest of Latin America
Middle East and Africa
- UAE
- Saudi Arabia
- Africa
- Rest of Middle East And Africa

Key Market Players:

Modine Manufacturing Company, Inc.
Reznor
Lennox International Inc.
Trane Technologies plc
Sterling HVAC
Johnson Controls International plc
Marley Engineered Products LLC
King Electrical Manufacturing Company, Inc.
TPI Corporation
Qingdao Haier Special Vehicles Co., Ltd.

Product Code: A312240

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: UNIT HEATER MARKET, BY TYPES

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Gas-fired
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Electric
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Hydronic
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: UNIT HEATER MARKET, BY INSTALLATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Horizontal
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Vertical
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Suspended
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: UNIT HEATER MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Commercial
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Industrial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Residential
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: UNIT HEATER MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Types
- 7.2.3. Market size and forecast, by Installation
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Types
  - 7.2.5.1.2. Market size and forecast, by Installation
  - 7.2.5.1.3. Market size and forecast, by Application
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Types
  - 7.2.5.2.2. Market size and forecast, by Installation
  - 7.2.5.2.3. Market size and forecast, by Application
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Types
  - 7.2.5.3.2. Market size and forecast, by Installation
  - 7.2.5.3.3. Market size and forecast, by Application
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Types
- 7.3.3. Market size and forecast, by Installation
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Market size and forecast, by Types
  - 7.3.5.1.2. Market size and forecast, by Installation
  - 7.3.5.1.3. Market size and forecast, by Application
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Market size and forecast, by Types
  - 7.3.5.2.2. Market size and forecast, by Installation
  - 7.3.5.2.3. Market size and forecast, by Application
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Types
  - 7.3.5.3.2. Market size and forecast, by Installation
  - 7.3.5.3.3. Market size and forecast, by Application
  - 7.3.5.4. Rest of Europe
  - 7.3.5.4.1. Market size and forecast, by Types
  - 7.3.5.4.2. Market size and forecast, by Installation
  - 7.3.5.4.3. Market size and forecast, by Application
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Types
- 7.4.3. Market size and forecast, by Installation
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Types
  - 7.4.5.1.2. Market size and forecast, by Installation
  - 7.4.5.1.3. Market size and forecast, by Application
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Types
  - 7.4.5.2.2. Market size and forecast, by Installation
  - 7.4.5.2.3. Market size and forecast, by Application
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Types
  - 7.4.5.3.2. Market size and forecast, by Installation
  - 7.4.5.3.3. Market size and forecast, by Application
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Types
  - 7.4.5.4.2. Market size and forecast, by Installation
  - 7.4.5.4.3. Market size and forecast, by Application
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Types
  - 7.4.5.5.2. Market size and forecast, by Installation
  - 7.4.5.5.3. Market size and forecast, by Application
7.5. Latin America
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Types
- 7.5.3. Market size and forecast, by Installation
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Types
  - 7.5.5.1.2. Market size and forecast, by Installation
  - 7.5.5.1.3. Market size and forecast, by Application
  - 7.5.5.2. Argentina
  - 7.5.5.2.1. Market size and forecast, by Types
  - 7.5.5.2.2. Market size and forecast, by Installation
  - 7.5.5.2.3. Market size and forecast, by Application
  - 7.5.5.3. Chile
  - 7.5.5.3.1. Market size and forecast, by Types
  - 7.5.5.3.2. Market size and forecast, by Installation
  - 7.5.5.3.3. Market size and forecast, by Application
  - 7.5.5.4. Rest of Latin America
  - 7.5.5.4.1. Market size and forecast, by Types
  - 7.5.5.4.2. Market size and forecast, by Installation
  - 7.5.5.4.3. Market size and forecast, by Application
7.6. Middle East and Africa
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by Types
- 7.6.3. Market size and forecast, by Installation
- 7.6.4. Market size and forecast, by Application
- 7.6.5. Market size and forecast, by country
  - 7.6.5.1. UAE
  - 7.6.5.1.1. Market size and forecast, by Types
  - 7.6.5.1.2. Market size and forecast, by Installation
  - 7.6.5.1.3. Market size and forecast, by Application
  - 7.6.5.2. Saudi Arabia
  - 7.6.5.2.1. Market size and forecast, by Types
  - 7.6.5.2.2. Market size and forecast, by Installation
  - 7.6.5.2.3. Market size and forecast, by Application
  - 7.6.5.3. Africa
  - 7.6.5.3.1. Market size and forecast, by Types
  - 7.6.5.3.2. Market size and forecast, by Installation
  - 7.6.5.3.3. Market size and forecast, by Application
  - 7.6.5.4. Rest of Middle East And Africa
  - 7.6.5.4.1. Market size and forecast, by Types
  - 7.6.5.4.2. Market size and forecast, by Installation
  - 7.6.5.4.3. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Modine Manufacturing Company, Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Reznor
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Lennox International Inc.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Trane Technologies plc
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Sterling HVAC
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Johnson Controls International plc
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Marley Engineered Products LLC
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. King Electrical Manufacturing Company, Inc.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. TPI Corporation
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Qingdao Haier Special Vehicles Co., Ltd.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments