Construction & Industrial

According to a market report by Lucintel, the future of the unit heater market looks promising with opportunities in various applications, such as commercial, industrial, and residential. The global unit heater market is expected to reach an estimated $5.3 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are growing need for low-cost operations and increasing demand for energy-efficient unit equipment in various applications, such as food and beverage, chemical, manufacturing, and oil and gas industries.



In this market, gas fired, hydronic, and electric are the major segments of unit heater market by product type. Lucintel forecasts that hydronic will witness the highest growth over the forecast period due to growing demand for energy-efficient heating solutions in the construction industry.



Within this market, commercial is expected to remain the largest application segment due to the increasing focus towards energy-efficient commercial infrastructure and significant growth in the commercial sector.



North America will remain the largest region due to increasing construction activities, growing penetration of HVAC systems, and favorable government policies in the region.

Airtherm, Armstrong International, Beacon Morris, Dunham-Bush, KING ELECTRICAL, Kroll Energy GmbH, Reznor HVAC, Thermon Industries, Trane, and Turbonics are the major suppliers in the global unit heater market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global unit heater market by installation, application, product type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Unit Heater Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global unit heater market by installation, application, product type, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the unit heater market by installation (horizontal unit heaters, vertical unit heaters, and suspended unit heaters), application (commercial, industrial, and residential), product type (gas fired, hydronic, electric, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?