North America Unit Heater Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation (Horizontal Unit Heater, Vertical Unit Heater, and Suspended Unit Heater), Application (Commercial, Industrial, and Residential), and Product Type (Gas Fired, Hydronic, Electric, and Others)
Market Introduction
The unit heater market in North America is further segmented into the US, Canada, and Mexico. North America is a technologically advanced region owing to factors such as positive outlook toward modern technologies, high GDP per capita, favorable government policies, and vast industrialization capacity. The increasing adoption of heating solutions in commercial and industrial facilities, and the rising installation of connected HVAC systems are the key factors propelling the unit heater market growth. The market players are offering advanced unit heaters for new HVAC systems and retrofit sensing solutions for existing systems to improve their performance. Modine Manufacturing, in 2019, expanded its cabinet unit heater offerings by launching an enhanced HVAC system whose operation is based on an electronically commutated (EC) motor. The new EC motor features high efficiency, lower electricity consumption and heat wastage; and quieter operation with less maintenance needs. The company is offering advanced EC motor for both new and retrofit installation to upgrade the cabinet unit heaters. The presence of prominent companies such as Nortek Global HVAC, Armstrong, Modine Manufacturing Company, Beacon Morris, and Turbonics, Inc. with a strong distribution network in the region further augments the growth of the unit heater market. Rising demand for energy efficient unit heaters is the major factor driving the growth of the North America unit heater market.
During late Q1 and entire Q2, the majority of the manufacturing facilities in North America operated with minimum staff or halted their manufacturing momentarily; the supply chain of components and parts were disrupted. According to the American Institute of Architects (AIA), the outbreak of COVID-19 has significantly impacted the construction industry in US. The construction activity declined in 2020 and the trend is likely to prevail in 2021. The construction activities in terms of hospitality industry are declined by approximately 20%, by 11% in commercial offices and approximately 8% in the retail sector. However, the construction of healthcare facilities and public safety have surged in 2020. The industries that install higher volumes of HVAC systems have been hit at various levels of degree by the COVID-19 pandemic. Hotels, hospitality, and restaurants have been struggling due to concerns over contracting the virus, even after they could reopen. The Canadian and Mexican unit heaters market also witnessed and are experiencing similar tremors owing the widespread of COVID-19 virus. The commercial sector in the two countries have been witnessing significant shocks. Apart from commercial sector, the residential HVAC systems industry in Canada and Mexico also observed decline in sales. Moreover, as the economies reponed and restriction measures were relaxed along with vaccine drive augment the growth of unit heaters market from 2021.
Get more information on this report :
Market Overview and Dynamics
The unit heater market in North America is expected to grow from US$ 1,236.18 million in 2021 to US$ 1,695.56 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. 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. Manufacturers also focus on offering compact and modern designs, calendar systems, high-contrast and clear LED screens, thermostats, built-in temperature sensors, and valves with actuators. These small pieces of equipment are integrated with the unit heaters to provide a good design and aesthetic appeal for the unit heaters. The companies are also focusing on introducing unique designs of the fan blades, a tubular heat exchanger designed to enhance performance and reliability, self-diagnostic board with an LED display that improves troubleshooting efficiency and accuracy. Lennox designed a unit heater with heating capacities of 30,000–400,000 BTU/h for residential and commercial applications, the new product features LED display and sidewall venting. Thus, advancements in designs of unit heaters that complement the modern infrastructures are providing opportunities to the unit heater market players to expand their reach.
Key Market Segments
The North America unit heater market is segmented on the basis of installation, application product type, and country. By installation, the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Airtherm; Armstrong International Inc.; Beacon Morris; Dunham-Bush Limited; KING ELECTRICAL MFG. CO.; Kroll Energy GmbH; Reznor HVAC; Thermon Industries, Inc.; Trane; and Turbonics, Inc. are among others.
Reasons to buy report
- To understand the North America 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 North America unit heater market
- Efficiently plan M&A and partnership deals in North America 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 North America unit heater market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Unit Heater Market Segmentation
North America Unit Heater Market -By Installation
- Horizontal Unit Heater
- Vertical Unit Heater
- Suspended Unit Heater
North America Unit Heater Market -By Application
- Commercial
- Industrial
- Residential
North America Unit Heater Market -By Product Type
- Gas Fired
- Hydronic
- Electric
- Others
North America Unit Heater Market -By Country
- US
- Canada
- Mexico
North America Unit Heater Market -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.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Unit Heater Market – By Installation
1.3.2 North America Unit Heater Market – By Application
1.3.3 North America Unit Heater Market – By Product Type
1.3.4 North America Unit Heater Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Unit Heater Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Unit Heater Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Energy Efficient Unit Heaters
5.1.2 Flourishment of Commercial Sector
5.2 Key Market Restraints
5.2.1 Carbon Emission Concerns
5.3 Key Market Opportunities
5.3.1 Advances In Design Complements Modern Infrastructure
5.4 Future Trends
5.4.1 Integration of Smart Technologies with Unit Heaters
5.5 Impact Analysis of Drivers and Restraints
6. Unit Heater Market – North America Analysis
6.1 North America Unit Heater Market Overview
6.2 North America Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Unit Heater Market Analysis – By Installation
7.1 Overview
7.2 North America Unit Heater Market, By Installation (2020 and 2028)
7.3 Horizontal Unit Heater
7.3.1 Overview
7.3.2 Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Vertical Unit Heater
7.4.1 Overview
7.4.2 Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Suspended Unit Heater
7.5.1 Overview
7.5.2 Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Unit Heater Market Analysis – By Application
8.1 Overview
8.2 North America Unit Heater Market, By Application (2020 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Residential
8.5.1 Overview
8.5.2 Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Unit Heater Market Analysis – By Product Type
9.1 Overview
9.2 Unit Heater Market Breakdown, by Product Type, 2020 & 2028
9.3 Gas-Fired
9.3.1 Overview
9.3.2 Gas-Fired Market Revenue and Forecast to 2028 (US$ Million)
9.4 Hydronic
9.4.1 Overview
9.4.2 Hydronic Market Revenue and Forecast to 2028 (US$ Million)
9.5 Electric
9.5.1 Overview
9.5.2 Electric Market Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. North America Unit Heater Market – Country Analysis
10.1 Overview
10.1.1 North America: Unit Heater Market, by Key Country
10.1.1.1 US: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Unit Heater Market, by Installation
10.1.1.1.2 US: Unit Heater Market, by Application
10.1.1.1.3 US: Unit Heater Market, by Product Type
10.1.1.2 Canada: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Unit Heater Market, by Installation
10.1.1.2.2 Canada: Unit Heater Market, by Application
10.1.1.2.3 Canada: Unit Heater Market, by Product Type
10.1.1.3 Mexico: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Unit Heater Market, by Installation
10.1.1.3.2 Mexico: Unit Heater Market, by Application
10.1.1.3.3 Mexico: Unit Heater Market, by Product Type
11. North America Unit Heaters Market - COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Turbonics, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 KING ELECTRICAL MFG. CO.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Armstrong International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Dunham-Bush Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Reznor HVAC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Trane
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Airtherm
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Beacon Morris
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Kroll Energy GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Thermon Industries, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. US: Unit Heater Market, by Installation –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Unit Heater Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Unit Heater Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Unit Heater Market Segmentation
Figure 2. North America Unit Heater Market Segmentation – By Country
Figure 3. North America Unit Heater Market Overview
Figure 4. Horizontal Unit Heater Segment Held the Largest Market Share Based on Installation
Figure 5. Commercial Segment Held the Largest Market Share Based on Application
Figure 6. Hydronic Segment Held the Largest Market Share Based on Product Type
Figure 7. US to Show Great Traction During Forecast Period
Figure 8. North America – Pest Analysis
Figure 9. Expert Opinion
Figure 10. North America Unit Heater Market Impact Analysis of Drivers and Restraints
Figure 11. North America Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 13. North America Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 17. North America Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Unit Heater Market Breakdown, by Product Type (2020 and 2028)
Figure 21. North America Gas-Fired Market Revenue and Forecast to 2028(US$ Million)
Figure 22. North America Hydronic Market Revenue and Forecast to 2028(US$ Million)
Figure 23. North America Electric Market Revenue and Forecast to 2028(US$ Million)
Figure 24. North America Others Market Revenue and Forecast to 2028(US$ Million)
Figure 25. North America: Unit Heater Market, by Key Country-Revenue 2020 (US$ Million)
Figure 26. North America: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North America Country Markets
- Airtherm
- Armstrong International Inc.
- Beacon Morris
- Dunham-Bush Limited
- KING ELECTRICAL MFG. CO.
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
- Turbonics, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Unit Heater market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Unit Heater market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Unit Heater market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution