North America & Europe Unit Heater Market to Grow at a CAGR of 5.9% to reach US$ 3.75 billion from 2022 to 2030
The unit heater market was valued at US$ 2.38 billion in 2022 and is anticipated to reach US$ 3.75 billion by 2030; it is estimated to register a CAGR of 5.9% from 2022 to 2030.
Analyst Perspective:
North America is considered a technologically advanced region due to a 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 in the region. The market players are offering advanced unit heaters for new HVAC systems and retrofit sensing solutions for existing systems to improve their performance. The COVID-19 crisis has severely affected North America, and the containment measures imposed by governments of various countries adversely affected the production capacities of the unit heaters market players in 2020. However, with relaxations in containment measures and reduced infection rates, the market is witnessing a significant rise in the demand for unit heaters. Europe has encouraged technological advancements; the region's growth is characterized by high GDP and GDP per capita, vast industrialization, well-established construction infrastructure, and an elevated standard of living. 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.
Technological advancements play a crucial role in unit heater market growth. Major manufacturers such as Qubino and Armstrong are working on integrating intelligent technologies in their unit heaters. Heating equipment offered by Qubino features easy scheduling, remote access, energy tracking, color touchscreen, and sensor technologies. Manufacturers such as Goodman Manufacturing Company and Nortek also focus on integrating the Internet of Things (IoT) and artificial intelligence (AI) in their unit heaters. Amana—a heating, ventilation, and air conditioning (HVAC) equipment manufacturing company—integrates intelligent communication technology in unit heaters to automate operations to offer a better consumer experience with high comfort. Furthermore, incorporating smart thermostats, Bluetooth connectivity, Wi-Fi connection, and intelligent circuit boards is expected to raise the demand for smart unit heaters during the forecast period. For instance, unit heaters integrated with AI and machine learning are better at understanding the consumer usage pattern and evaluating the usage time and duration, which eliminates the user's requirement to operate the unit heater physically. Thus, integrating smart technologies with unit heaters is expected to become a significant trend in the unit heater market during the forecast period.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America & Europe Unit Heater Market: Strategic Insights
Market Size Value in US$ 2.38 billion in 2022 Market Size Value by US$ 3.75 billion by 2030 Growth rate CAGR of 5.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America & Europe Unit Heater Market: Strategic Insights
![north-america-and-europe-unit-heater-market](https://www.theinsightpartners.com/assets/rdimages/north-america-and-europe-unit-heater-market-img1.png)
Market Size Value in | US$ 2.38 billion in 2022 |
Market Size Value by | US$ 3.75 billion by 2030 |
Growth rate | CAGR of 5.9% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
![Analyst Image](https://www.theinsightpartners.com/assets/naveen-chittaragi.png)
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
![Analyst Image](https://www.theinsightpartners.com/assets/images/speak_analyst.gif)
Market Overview of Unit Heater Market:
In North America, the implementation of heating equipment is backed by large-scale investments from the commercial sector. The US, Canada, and Mexico are prominent economies in North America. 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, in August 2023, Modine announced the launch of a new electric infrared product line. With this new product offering, Modine is expanding its portfolio of energy-efficient and low-emission heating solutions for a wide range of commercial and residential applications. According to the US Department of Energy, several states in the US are adopting state efficiency standards for unit heaters, which would further encourage the production of energy-efficient unit heaters.
Design in heating systems, such as advancements in LED lighting, sensors, digitalization, remote control, advanced connectors, and other technologies, have the utmost importance in the electronics industry. The unit heater manufacturers focus on modularity, ease of use, quick access, and easy maintenance. They focus on integrating these features in the unit heaters to provide an intelligent management system. For instance, Robur offers a smart 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. Several companies operating in the unit heater market are taking several other strategic initiatives to strengthen their market position. For instance, Nortek Global HVAC (NGH)—a parent company of Reznor HVAC—signed a partnership agreement with Tom Barrow Company (TBCo). The agreement focuses on sales of Reznor HVAC products in Florida.
Germany, France, Italy, Russia, and the UK are major economies in Europe. The commercial sector comprises real estate buildings, malls, hotels, restaurants, motels, hospitals, commercial facilities, and community places. It plays an essential role in the progress of the GDP in European countries. These factors are bolstering the demand for unit heaters. Additionally, the unit heaters in Europe are highly advanced and fitted with modern energy-saving technologies that contribute to achieving sustainability goals in all sectors. The European Union supports the development of several digital solutions and technologies through various initiatives, leading to a green and digital transformation across the region.
Market Driver of Unit Heater Market:
Increased Demand for Energy-Efficient Heaters to Drive Growth of Unit Heater Market
Major unit heater manufacturers focus on offering energy-efficient products that provide 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, emitting less CO2 levels and increasing the overall heating efficiency.
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 and Europe unit heaters market. Manufacturers are focusing on implementing new motor designs by installing low-noise fans, thermostats, remote control options, and screen displays in unit heaters. According to the US Department of Energy, several states are adopting state efficiency standards for unit heaters, further encouraging the production of energy-efficient unit heaters. Hazloc Heaters developed an explosion-proof electric air heater for operations in hazardous conditions to meet US and Canadian certification standards. The heater features a spark-resistant fan assembly in the AMCA 99-10 quality standard.
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Segmental Analysis of Unit Heater Market:
Based on product type, the unit heater market is segmented into gas fired, hydronic, electric, and others. The hydronic segment accounted for a major share of the global unit heater market in 2022. Hydronic unit heaters are mainly designed for horizontal and vertical (downward) airflow delivery. They use hot water or steam with low output and increased airflow for high-ceiling applications. The features of such heaters include versatile hanging systems, static and dynamically balanced fans, and enclosed motors. Hydronic unit heaters offer high-flow air circulation and provide extreme heat in a short time over large areas such as manufacturing plants, factories, large commercial and industrial spaces, warehouses, and stores. Modine Manufacturing offers its Power Throw Hydronic (PT) unit heater with a long heat throw and 360-degree rotation; these systems can be installed in low-clearance areas and are available in various sizes. Various manufacturers are focusing on offering hydronic unit heaters with easy installation and repair requirements, along with providing lucrative services to customers. For instance, Sterling HVAC offers easy installation, annual maintenance contracts, and warranty and repair services with its unit heaters.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Regional Analysis of Unit Heater Market:
North America has established itself as the dominant region in the unit heater market, with a leading market share. Several factors have contributed to the region's strong position in the unit heater market. Firstly, economies in North America such as Canada and the US have several areas that frequently witness low temperatures. The US is the world's largest economy, with a well-developed infrastructure to support varied HVAC applications. Companies operating in the US are adopting new technologies to improve the level of air quality, energy consumption, and performance of HVAC systems. Also, the rising importance of using HVAC systems to mitigate the spread of SARS-CoV-2 on indoor air quality is strengthening market penetration in the country. Moreover, there is a wide presence of market leaders in the US. For instance, Modine Manufacturing Company, in 2020, launched another HVAC enhancement with the addition of an Electronically Commutated (EC) Motor for the company's cabinet unit heater offerings. The new EC motor offers high efficiency and requires low electricity use, low heat waste, and less maintenance. The launch of new products is supporting the unit heater market in the US.
Key Unit Heater Market Player Analysis:
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 unit heater market players profiled during this market study. In addition to these players, several other important market players were studied and analyzed during this market research study to get a holistic view of the North American and European markets and their ecosystems. The leading unit heater market players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.
Key Recent Developments in Unit Heater Market:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies for increasing their unit heater market share. A few recent key unit heater market developments are listed below:
- In November 2022, Nortek Global HVAC (NGH) announced the launch of three new capacities for the Reznor UEZ condensing gas-fired unit heater. The models are anticipated to supply fuel-efficient heating to ensure cost-effective operation while promoting the safety and comfort of building occupants.
- In May 2021, Nortek Global HVAC (NGH), a leading manufacturer of unit heaters, announced plans to redesign its entire Reznor brand of gas-fired unit heaters for the North America market.
- In October 2019, Modine Manufacturing Company, a leading unit heater manufacturer, announced the release of a new Lodronic low-temperature water heater designed to provide maximum efficiency in a compact, lightweight, energy-saving format.
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Product Type, Installation, and Application
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The North America & Europe unit heater market was valued at US$ 2.38 billion in 2022 and is estimated to register a CAGR of 5.9% from 2022 to 2030.
The key players, holding majority shares, in North America & Europe unit heater market includes 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.
The increased demand for energy-efficient unit heaters and the flourishing commercial sector drives the North America & Europe unit heater market.
The next-generation unit heaters are expected to integrate the Internet of Things (IoT) and artificial intelligence (AI) in the future and would be a key trend of the North America & Europe unit heater market.
The North America & Europe unit heater market is expected to reach US$ 3.75 billion by 2030.
Europe is anticipated to grow with the highest CAGR over the forecast period.
The commercial segment led the North America & Europe unit heater market with a significant share in 2022.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness (Revenue)
2.3 Market Attractiveness (Volume)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Unit Heater Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Unit Heater Market - Key Industry Dynamics
5.1 Unit Heater Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand for Energy-Efficient Unit Heaters
5.2.2 Flourishing Commercial Sector
5.3 Market Restraints
5.3.1 Carbon Emission Concerns
5.3.2 High Capital Expenditure Associated with Development of Unit Heaters
5.4 Market Opportunities
5.4.1 Advances in Design that Complement Modern Infrastructure
5.4.2 Growing Popularity of Ductless Unit Heaters
5.5 Future Trends
5.5.1 Implementation of Smart Technologies with Unit Heaters
5.6 Impact of Drivers and Restraints:
6. Unit Heater Market - Global Market Analysis
6.1 North America & Europe Unit Heater Market Revenue (US$ Million), 2022 – 2030
6.2 North America & Europe Unit Heater Market Volume (Thousand Units), 2022 – 2030
6.3 North America & Europe Unit Heater Market Forecast and Analysis
7. North America & Europe Unit Heater Market Analysis - Product Type
7.1 Gas Fired
7.1.1 Overview
7.1.2 Gas Fired Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
7.1.3 Gas Fired Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
7.2 Hydronic
7.2.1 Overview
7.2.2 Hydronic Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Hydronic Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
7.3 Electric
7.3.1 Overview
7.3.2 Electric Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
7.3.3 Electric Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
7.4 Others
7.4.1 Overview
7.4.2 Others Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
7.4.3 Others Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
8. North America & Europe Unit Heater Market Analysis - Installation
8.1 Horizontal Unit Heater
8.1.1 Overview
8.1.2 Horizontal Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
8.1.3 Horizontal Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
8.2 Vertical Unit Heater
8.2.1 Overview
8.2.2 Vertical Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
8.2.3 Vertical Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
8.3 Suspended Unit Heater
8.3.1 Overview
8.3.2 Suspended Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
8.3.3 Suspended Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
9. North America & Europe Unit Heater Market Analysis - Application
9.1 Commercial
9.1.1 Overview
9.1.2 Commercial Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
9.1.3 Commercial Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
9.2 Industrial
9.2.1 Overview
9.2.2 Industrial Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
9.2.3 Industrial Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
9.3 Residential
9.3.1 Overview
9.3.2 Residential Unit Heater Market Revenue and Forecast to 2030 (US$ Million)
9.3.3 Residential Unit Heater Market Volume and Forecast to 2030 (Thousand Units)
9.4 Cross Segmentation Analysis
10. North America & Europe Unit Heater Market - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Unit Heater Market Overview
10.2.2 North America Unit Heater Market Revenue and Forecasts to 2030 (US$ Mn)
10.2.3 North America Unit Heater Market Breakdown by Product Type
10.2.3.1 North America Unit Heater Market Revenue Forecasts and Analysis - By Product Type
10.2.3.2 North America Unit Heater Market Volume Forecasts and Analysis - By Product Type
10.2.4 North America Unit Heater Market Breakdown by Installation
10.2.4.1 North America Unit Heater Market Revenue Forecasts and Analysis - By Installation
10.2.4.2 North America Unit Heater Market Volume Forecasts and Analysis - By Installation
10.2.5 North America Unit Heater Market Breakdown by Application
10.2.5.1 North America Unit Heater Market Revenue Forecasts and Analysis - By Application
10.2.5.2 North America Unit Heater Market Volume Forecasts and Analysis - By Application
10.2.5.3 North America Unit Heater Market Revenue Forecasts and Cross Segmentation Analysis
10.2.5.4 North America Unit Heater Market Volume Forecasts and Cross Segmentation Analysis
10.2.6 North America Unit Heater Market Revenue and Forecasts and Analysis - By Country
10.2.6.1 North America Unit Heater Market Revenue Forecasts and Analysis - By Country
10.2.6.2 North America Unit Heater Market Volume Forecasts and Analysis - By Country
10.2.6.3 US Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.2.6.3.1 US Unit Heater Market Breakdown by Product Type
10.2.6.3.2 US Unit Heater Market Breakdown by Installation
10.2.6.3.3 US Unit Heater Market Breakdown by Application
10.2.6.3.4 US Unit Heater Market Cross Segmentation Analysis
10.2.6.4 Canada Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.2.6.4.1 Canada Unit Heater Market Breakdown by Product Type
10.2.6.4.2 Canada Unit Heater Market Breakdown by Installation
10.2.6.4.3 Canada Unit Heater Market Breakdown by Application
10.2.6.4.4 Canada Unit Heater Market Cross Segmentation Analysis
10.2.6.5 Mexico Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.2.6.5.1 Mexico Unit Heater Market Breakdown by Product Type
10.2.6.5.2 Mexico Unit Heater Market Breakdown by Installation
10.2.6.5.3 Mexico Unit Heater Market Breakdown by Application
10.2.6.5.4 Mexico Unit Heater Market Cross Segmentation Analysis
10.3 Europe
10.3.1 Europe Unit Heater Market Overview
10.3.2 Europe Unit Heater Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.3 Europe Unit Heater Market Breakdown by Product Type
10.3.3.1 Europe Unit Heater Market Revenue Forecasts and Analysis - By Product Type
10.3.3.2 Europe Unit Heater Market Volume Forecasts and Analysis - By Product Type
10.3.4 Europe Unit Heater Market Breakdown by Installation
10.3.4.1 Europe Unit Heater Market Revenue Forecasts and Analysis - By Installation
10.3.4.2 Europe Unit Heater Market Volume Forecasts and Analysis - By Installation
10.3.5 Europe Unit Heater Market Breakdown by Application
10.3.5.1 Europe Unit Heater Market Revenue Forecasts and Analysis - By Application
10.3.5.2 Europe Unit Heater Market Volume Forecasts and Analysis - By Application
10.3.5.3 Europe Unit Heater Market Revenue Forecasts and Cross Segmentation Analysis
10.3.5.4 Europe Unit Heater Market Volume Forecasts and Cross Segmentation Analysis
10.3.6 Europe Unit Heater Market Revenue and Forecasts and Analysis - By Country
10.3.6.1 Europe Unit Heater Market Revenue Forecasts and Analysis - By Country
10.3.6.2 Europe Unit Heater Market Volume Forecasts and Analysis - By Country
10.3.6.3 Germany Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.3.1 Germany Unit Heater Market Breakdown by Product Type
10.3.6.3.2 Germany Unit Heater Market Breakdown by Installation
10.3.6.3.3 Germany Unit Heater Market Breakdown by Application
10.3.6.3.4 Germany Unit Heater Market Cross Segmentation Analysis
10.3.6.4 France Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.4.1 France Unit Heater Market Breakdown by Product Type
10.3.6.4.2 France Unit Heater Market Breakdown by Installation
10.3.6.4.3 France Unit Heater Market Breakdown by Application
10.3.6.4.4 France Unit Heater Market Cross Segmentation Analysis
10.3.6.5 Italy Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.5.1 Italy Unit Heater Market Breakdown by Product Type
10.3.6.5.2 Italy Unit Heater Market Breakdown by Installation
10.3.6.5.3 Italy Unit Heater Market Breakdown by Application
10.3.6.5.4 Italy Unit Heater Market Cross Segmentation Analysis
10.3.6.6 Russia Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.6.1 Russia Unit Heater Market Breakdown by Product Type
10.3.6.6.2 Russia Unit Heater Market Breakdown by Installation
10.3.6.6.3 Russia Unit Heater Market Breakdown by Application
10.3.6.6.4 Russia Unit Heater Market Cross Segmentation Analysis
10.3.6.7 UK Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.7.1 UK Unit Heater Market Breakdown by Product Type
10.3.6.7.2 UK Unit Heater Market Breakdown by Installation
10.3.6.7.3 UK Unit Heater Market Breakdown by Application
10.3.6.7.4 UK Unit Heater Market Cross Segmentation Analysis
10.3.6.8 Denmark Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.8.1 Denmark Unit Heater Market Breakdown by Product Type
10.3.6.8.2 Denmark Unit Heater Market Breakdown by Installation
10.3.6.8.3 Denmark Unit Heater Market Breakdown by Application
10.3.6.8.4 Denmark Unit Heater Market Cross Segmentation Analysis
10.3.6.9 Norway Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.9.1 Norway Unit Heater Market Breakdown by Product Type
10.3.6.9.2 Norway Unit Heater Market Breakdown by Installation
10.3.6.9.3 Norway Unit Heater Market Breakdown by Application
10.3.6.9.4 Norway Unit Heater Market Cross Segmentation Analysis
10.3.6.10 Poland Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.10.1 Poland Unit Heater Market Breakdown by Product Type
10.3.6.10.2 Poland Unit Heater Market Breakdown by Installation
10.3.6.10.3 Poland Unit Heater Market Breakdown by Application
10.3.6.10.4 Poland Unit Heater Market Cross Segmentation Analysis
10.3.6.11 Sweden Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.11.1 Sweden Unit Heater Market Breakdown by Product Type
10.3.6.11.2 Sweden Unit Heater Market Breakdown by Installation
10.3.6.11.3 Sweden Unit Heater Market Breakdown by Application
10.3.6.11.4 Sweden Unit Heater Market Cross Segmentation Analysis
10.3.6.12 Rest of Europe Unit Heater Market Forecasts to 2030 (US$ Mn and Thousand Units)
10.3.6.12.1 Rest of Europe Unit Heater Market Breakdown by Product Type
10.3.6.12.2 Rest of Europe Unit Heater Market Breakdown by Installation
10.3.6.12.3 Rest of Europe Unit Heater Market Breakdown by Application
10.3.6.12.4 Rest of Europe Unit Heater Market Cross Segmentation Analysis
11. Unit Heater Market – Impact of COVID-19 Pandemic
11.1 Pre & Post Covid-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 Turbonics, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 KING ELECTRICAL MFG. CO.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Armstrong International Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Reznor HVAC
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Trane Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Airtherm
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Beacon Morris
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Kroll Energy GmbH
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Thermon Industries,Inc.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Modine Manufacturing Co
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
List of Tables
Table 1. Unit Heater Market Segmentation
Table 2. North America & Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Million and Thousand Units)
Table 3. North America & Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 4. North America & Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Product Type
Table 5. North America & Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Million) – Installation
Table 6. North America & Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Installation
Table 7. North America & Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 8. North America & Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Application
Table 9. North America & Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Million) – Cross Segmentation Analysis
Table 10. North America & Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 11. North America & Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Million) – Region
Table 12. North America & Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Region
Table 13. North America Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 14. North America Unit Heater Market Volume and Forecasts To 2030 (US$ Mn) – By Product Type
Table 15. North America Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 16. North America Unit Heater Market Volume and Forecasts To 2030 (US$ Mn) – By Installation
Table 17. North America Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 18. North America Unit Heater Market Volume and Forecasts To 2030 (US$ Mn) – By Application
Table 19. North America Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 20. North America Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 21. North America Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 22. North America Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Country
Table 23. US Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 24. US Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 25. US Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 26. US Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 27. US Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 28. US Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 29. US Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 30. US Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 31. Canada Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 32. Canada Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 33. Canada Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 34. Canada Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 35. Canada Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 36. Canada Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 37. Canada Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 38. Canada Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 39. Mexico Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 40. Mexico Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 41. Mexico Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 42. Mexico Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 43. Mexico Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 44. Mexico Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 45. Mexico Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 46. Mexico Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 47. Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 48. Europe Unit Heater Market Volume and Forecasts To 2030 (US$ Mn) – By Product Type
Table 49. Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 50. Europe Unit Heater Market Volume and Forecasts To 2030 (US$ Mn) – By Installation
Table 51. Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 52. Europe Unit Heater Market Volume and Forecasts To 2030 (US$ Mn) – By Application
Table 53. Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 54. Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 55. Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 56. Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Country
Table 57. Germany Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 58. Germany Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 59. Germany Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 60. Germany Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 61. Germany Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 62. Germany Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 63. Germany Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 64. Germany Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 65. France Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 66. France Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 67. France Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 68. France Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 69. France Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 70. France Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 71. France Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 72. France Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 73. Italy Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 74. Italy Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 75. Italy Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 76. Italy Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 77. Italy Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 78. Italy Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 79. Italy Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 80. Italy Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 81. Russia Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 82. Russia Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 83. Russia Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 84. Russia Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 85. Russia Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 86. Russia Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 87. Russia Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 88. Russia Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 89. UK Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 90. UK Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 91. UK Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 92. UK Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 93. UK Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 94. UK Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 95. UK Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 96. UK Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 97. Denmark Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 98. Denmark Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 99. Denmark Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 100. Denmark Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 101. Denmark Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 102. Denmark Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 103. Denmark Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 104. Denmark Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 105. Norway Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 106. Norway Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 107. Norway Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 108. Norway Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 109. Norway Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 110. Norway Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 111. Norway Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 112. Norway Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 113. Poland Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 114. Poland Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 115. Poland Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 116. Poland Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 117. Poland Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 118. Poland Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 119. Poland Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 120. Poland Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 121. Sweden Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 122. Sweden Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 123. Sweden Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 124. Sweden Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 125. Sweden Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 126. Sweden Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 127. Sweden Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 128. Sweden Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 129. Rest of Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 130. Rest of Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Product Type
Table 131. Rest of Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation
Table 132. Rest of Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Installation
Table 133. Rest of Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 134. Rest of Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – By Application
Table 135. Rest of Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn) – Cross Segmentation Analysis
Table 136. Rest of Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units) – Cross Segmentation Analysis
Table 137. Heat Map Analysis By Key Players
Table 138. List of Abbreviation
List of Figures
Figure 1. Unit Heater Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Unit Heater Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Unit Heater Market Breakdown by Geography, 2022 and 2030 (US$ Million and Thousand Units)
Figure 6. North America & Europe Unit Heater Market Revenue (US$ Million), 2022 – 2030
Figure 7. North America & Europe Unit Heater Market Volume (Thousand Units), 2022 – 2030
Figure 8. North America & Europe Unit Heater Market Revenue Share (%) – Product Type, 2022 and 2030
Figure 9. North America & Europe Unit Heater Market Volume Share (%) – Product Type, 2022 and 2030
Figure 10. Gas Fired Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Gas Fired Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 12. Hydronic Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Hydronic Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 14. Electric Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Electric Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 16. Others Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Others Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 18. North America & Europe Unit Heater Market Revenue Share (%) – Installation, 2022 and 2030
Figure 19. North America & Europe Unit Heater Market Volume Share (%) – Installation, 2022 and 2030
Figure 20. Horizontal Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Horizontal Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 22. Vertical Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Vertical Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 24. Suspended Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Suspended Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 26. North America & Europe Unit Heater Market Revenue Share (%) – Application, 2022 and 2030
Figure 27. North America & Europe Unit Heater Market Volume Share (%) – Application, 2022 and 2030
Figure 28. Commercial Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Commercial Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 30. Industrial Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Industrial Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 32. Residential Unit Heater Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. Residential Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 34. North America & Europe Unit Heater Market Revenue Breakdown by Region, 2022 and 2030 (%)
Figure 35. North America & Europe Unit Heater Market Volume Breakdown by Region, 2022 and 2030 (%)
Figure 36. North America Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 37. North America Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 38. North America Unit Heater Market Revenue Breakdown by Product Type (2022 and 2030)
Figure 39. North America Unit Heater Market Volume Breakdown by Product Type (2022 and 2030)
Figure 40. North America Unit Heater Market Revenue Breakdown by Installation (2022 and 2030)
Figure 41. North America Unit Heater Market Volume Breakdown by Installation (2022 and 2030)
Figure 42. North America Unit Heater Market Revenue Breakdown by Application (2022 and 2030)
Figure 43. North America Unit Heater Market Volume Breakdown by Application (2022 and 2030)
Figure 44. North America Unit Heater Market Revenue Breakdown by Key Countries, 2022 and 2030 (%)
Figure 45. North America Unit Heater Market Volume Breakdown by Key Countries, 2022 and 2030 (%)
Figure 46. US Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 47. US Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 48. Canada Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 49. Canada Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 50. Mexico Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 51. Mexico Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 52. Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 53. Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 54. Europe Unit Heater Market Revenue Breakdown by Product Type (2022 and 2030)
Figure 55. Europe Unit Heater Market Volume Breakdown by Product Type (2022 and 2030)
Figure 56. Europe Unit Heater Market Revenue Breakdown by Installation (2022 and 2030)
Figure 57. Europe Unit Heater Market Volume Breakdown by Installation (2022 and 2030)
Figure 58. Europe Unit Heater Market Revenue Breakdown by Application (2022 and 2030)
Figure 59. Europe Unit Heater Market Volume Breakdown by Application (2022 and 2030)
Figure 60. Europe Unit Heater Market Revenue Breakdown by Key Countries, 2022 and 2030 (%)
Figure 61. Europe Unit Heater Market Volume Breakdown by Key Countries, 2022 and 2030 (%)
Figure 62. Germany Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 63. Germany Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 64. France Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 65. France Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 66. Italy Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 67. Italy Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 68. Russia Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 69. Russia Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 70. UK Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 71. UK Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 72. Denmark Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 73. Denmark Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 74. Norway Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 75. Norway Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 76. Poland Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 77. Poland Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 78. Sweden Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 79. Sweden Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 80. Rest of Europe Unit Heater Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 81. Rest of Europe Unit Heater Market Volume and Forecasts To 2030 (Thousand Units)
Figure 82. Company Positioning & Concentration
The List of Companies - North America & Europe Unit Heater Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.