Middle East and Africa 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)
Market Introduction
The MEA is projected to witness a swift growth in industrialization in the coming years. The Gulf countries are economically advanced, while the African countries are yet to match the economic status of the Gulf countries, such as the UAE and Saudi Arabia, due to lack of supporting infrastructure. At present, the Gulf countries are on the verge of adopting advanced HVAC systems. Growing population, rising middle-class income, and increasing efforts to motivate businesses other than oil & gas industries are among the factors that will provide ample growth opportunities to the unit heater market players in the MEA. Although the demand for HVAC system is low in the region, it is likely to surge with growing investments in the commercial and industrial construction sector in the coming years. Advances in design complements modern infrastructure is the major factor driving the growth of the MEA unit heater market.
The MEA unit heaters market is affected owing to disruption of the supply chain. Moreover, the closure of borders of countries, the supply chain of several components and parts have been disturbed. The demand for HVAC systems and unit heaters has been hit since the emergence of COVID-19 in the region. This has led to a loss of business among the HVAC systems and unit heaters manufacturers. Countries with higher manufacturing units such as Israel, Turkey, and South Africa, among others have witnessed critical scenarios in procuring various raw materials in 2020. Further, the construction activity in the region is among the rapidly growing industry. The UAE, Saudi Arabia, and Qatar, represent the forerunners in the GCC construction industry. The outbreak of COVID-19 virus had paused several construction activities in the countries mentioned above in 2020. However, from the Q1 of 2021, the market players experienced growth in adoption of unit heaters in MEA.
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Market Overview and Dynamics
The unit heater market in MEA is expected to grow from US$ 309.68 million in 2021 to US$ 451.92 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. 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. 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.
Key Market Segments
The MEA unit heater market is segmented on the basis of installation, application product type, and country. By installation, the MEA unit heater market is bifurcated into horizontal unit heater, vertical unit heater, and suspended unit heater. The horizontal unit heater segment dominated the market in 2020 and vertical unit heater segment is expected to be the fastest growing during the forecast period. On the basis of application, the unit heater market is segmented into commercial, industrial, and residential. The commercial segment dominated the market and industrial segment is expected to be the fastest growing during the forecast period. On the basis of product type, the unit heater market is segmented into gas fired, hydronic, electric, and others. The hydronic segment dominated the market and electric segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the unit heater market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Armstrong International Inc.; Dunham-Bush Limited; Kroll Energy GmbH; Reznor HVAC; Thermon Industries, Inc.; and Trane are among others.
Reasons to buy report
- To understand the MEA unit heater market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA unit heater market
- Efficiently plan M&A and partnership deals in MEA unit heater market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA unit heater market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Unit Heater Market Segmentation
MEA Unit Heater Market -By Installation
- Horizontal Unit Heater
- Vertical Unit Heater
- Suspended Unit Heater
MEA Unit Heater Market -By Application
- Commercial
- Industrial
- Residential
MEA Unit Heater Market -By Product Type
- Gas Fired
- Hydronic
- Electric
- Others
MEA Unit Heater Market -By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Unit Heater Market -Company Profiles
- Armstrong International Inc.
- Dunham-Bush Limited
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Unit Heater Market – By Installation
1.3.2 MEA Unit Heater Market – By Application
1.3.3 MEA Unit Heater Market – By Product Type
1.3.4 MEA Unit Heater Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Unit Heater Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA 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
5.3 Key Market Opportunities
5.3.1 Progress 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 – MEA Analysis
6.1 MEA Unit Heater Market Overview
6.2 MEA Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7. MEA 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. MEA 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. MEA 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. MEA Unit Heater Market – Country Analysis
10.1 Overview
10.1.1 MEA: Unit Heater Market, by Key Country
10.1.1.1 South Africa: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Unit Heater Market, by Installation
10.1.1.1.2 South Africa: Unit Heater Market, by Application
10.1.1.1.3 South Africa: Unit Heater Market, by Product Type
10.1.1.2 Saudi Arabia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Unit Heater Market, by Installation
10.1.1.2.2 Saudi Arabia: Unit Heater Market, by Application
10.1.1.2.3 Saudi Arabia: Unit Heater Market, by Product Type
10.1.1.3 UAE: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Unit Heater Market, by Installation
10.1.1.3.2 UAE: Unit Heater Market, by Application
10.1.1.3.3 UAE: Unit Heater Market, by Product Type
10.1.1.4 Rest of MEA: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Unit Heater Market, by Installation
10.1.1.4.2 Rest of MEA: Unit Heater Market, by Application
10.1.1.4.3 Rest of MEA: Unit Heater Market, by Product Type
11. MEA 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. MEA Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Said Arabia: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Unit Heater Market Segmentation
Figure 2. MEA Unit Heater Market Segmentation – By Country
Figure 3. MEA l 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. UAE Dominated the Market in 2020
Figure 8. MEA – Pest Analysis
Figure 9. Expert Opinion
Figure 10. MEA Unit Heater Market Impact Analysis of Drivers and Restraints
Figure 11. MEA Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 13. MEA Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 17. MEA Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Unit Heater Market Breakdown, by Product Type (2020 and 2028)
Figure 21. MEA Gas-Fired Market Revenue and Forecast to 2028(US$ Million)
Figure 22. MEA Hydronic Market Revenue and Forecast to 2028(US$ Million)
Figure 23. MEA Electric Market Revenue and Forecast to 2028(US$ Million)
Figure 24. MEA Others Market Revenue and Forecast to 2028(US$ Million)
Figure 25. MEA: Unit Heater Market, by Key Country – Revenue 2020 (US$ Million)
Figure 26. MEA: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. South Africa: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Saudi Arabia: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UAE: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of MEA: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Armstrong International Inc.
- Dunham-Bush Limited
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
- 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 MEA 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 MEA 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