The North America & Europe unit heater market was valued at US$ 2.38 billion in 2022 and is expected to reach US$ 33.75 billion by 2030; it is estimated to register a CAGR of 5.9% from 2022 to 2030.
Additionally, Europe has a well-established commercial infrastructure. Governments of various countries in the region are highly focused on maintaining healthy indoor environments and public safety. Further, the existence of stringent labor safety norms, coupled with a positive outlook toward the adoption of advanced atmospheric systems for various industrial operations, is driving the adoption of heating equipment, including unit heaters, across the industrial sector in Europe. Moreover, companies are developing advanced HVAC sensors to improve the efficiency of HVAC systems. For instance, in March 2020, BELIMO, a Switzerland-based company, introduced new ultrasonic flow sensors for HVAC applications. These inline flow sensors are equipped with automatic glycol measurement and compensation features for maximizing HVAC system efficiency. Thus, the rise in significant developments in sensors to improve system efficiency in the industrial, commercial, and residential sectors is propelling the growth of the North America & Europe unit heater market.
Reasons to Buy
North America & Europe Unit Heater Market Overview
A unit heater is a self-contained heating appliance that can run on a variety of energy sources. Hot water, steam, No. 2 fuel oil, propane, and natural gas are a few energy sources that could be used. A heat exchanger, through which air from the heated room is blown, is usually included in the equipment. A blade fan or a squirrel cage fan can be used for this purpose. A squirrel cage fan has much higher air flows and blowing distances. Large spaces, such as workshops and engine rooms, are heated using unit heaters. The number of unit heaters used for heating increases as the size of the facility that must be kept at a certain temperature rises. Factors contributing to the market growth include the growing commercial sector across North America and Europe, increasing demand for energy-efficient unit heaters, and rising integration of smart technologies in unit heaters.North America & Europe Unit Heater Market Driver
Rising demand for low-noise operations, increasing 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 North America & Europe unit heater market. Manufacturers are focusing on implementing new motor designs by installing low-noise fans, thermostats, remote control options, and screen displays in unit heaters. Further, the 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), manufacturing accounted for ~77% of industrial energy consumption. In addition, the growing replacement and maintenance of unit heaters are driving the demand for energy-efficient unit heaters in the region. This propels the North America & Europe unit heater market size in both the regions.North America & Europe Unit Heater Market Growth
Europe unit heater market is segmented into Germany, France, Italy, Russia, the UK, Denmark, Norway, Poland, Sweden, and the Rest of Europe. Europe has encouraged technological advancements; the region’s growth is characterized by high GDP and GDP per capita, vast industrialization, well-established construction infrastructure, elevated standard of living, etc. The region is one of the prominent markets for unit heaters as many countries have cold climates for long periods. Western Europe and Nordic countries account for a larger share of the total sales of advanced HVAC systems, such as unit heaters, than Eastern Europe.Additionally, Europe has a well-established commercial infrastructure. Governments of various countries in the region are highly focused on maintaining healthy indoor environments and public safety. Further, the existence of stringent labor safety norms, coupled with a positive outlook toward the adoption of advanced atmospheric systems for various industrial operations, is driving the adoption of heating equipment, including unit heaters, across the industrial sector in Europe. Moreover, companies are developing advanced HVAC sensors to improve the efficiency of HVAC systems. For instance, in March 2020, BELIMO, a Switzerland-based company, introduced new ultrasonic flow sensors for HVAC applications. These inline flow sensors are equipped with automatic glycol measurement and compensation features for maximizing HVAC system efficiency. Thus, the rise in significant developments in sensors to improve system efficiency in the industrial, commercial, and residential sectors is propelling the growth of the North America & Europe unit heater market.
North America & Europe Unit Heater Market Players
Airtherm (Mestek Inc), Armstrong International Inc, Beacon Morris, Modine Manufacturing Co, KING ELECTRICAL MFG CO, Kroll Energy GmbH, Reznor HVAC (Nortek), Thermon Industries Inc, Trane Inc, and Turbonics Inc are among the key North America & Europe unit heater market players profiled during this market study. In addition to these players, several other important North America & Europe unit heater market players were also studied and analyzed during this market research study to get a holistic view of both the markets and their ecosystem.Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America & Europe unit heater market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the North America & Europe 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 market trends and outlook coupled with the factors driving the 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
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Unit Heater Market Landscape
5. Unit Heater Market - Key Industry Dynamics
6. Unit Heater Market - Global Market Analysis
7. North America & Europe Unit Heater Market Analysis - Product Type
8. North America & Europe Unit Heater Market Analysis - Installation
9. North America & Europe Unit Heater Market Analysis - Application
10. North America & Europe Unit Heater Market - Geographical Analysis
11. Unit Heater Market - Impact of COVID-19 Pandemic
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
- Airtherm (Mestek Inc)
- Armstrong International Inc
- Beacon Morris
- Modine Manufacturing Co
- KING ELECTRICAL MFG CO
- Kroll Energy GmbH
- Reznor HVAC (Nortek)
- Thermon Industries Inc
- Trane Inc
- Turbonics Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.38 Billion |
| Forecasted Market Value ( USD | $ 3.75 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Europe, North America |
| No. of Companies Mentioned | 10 |
