Unit Heater Market In 2022 Size with a CAGR of 5.4%, Growing Rapidly with Trends, Development, Investment Opportunities, Size, Share, Revenue, Demand and Forecast to 2028 - Digital Journal

2022-06-16 09:20:13 By : Ms. lisa wang

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According to our new research study on “Unit Heaters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Installation, Application, Product Type, and Geography,” the market is projected to reach US$ 5,417.1 million by 2028 from US$ 3,740.3 million in 2021; it is expected to grow at a CAGR of 5.4% during the forecast period of 2021 to 2028. Unit heaters are available in various sizes and shapes. The next-generation unit heaters are designed with a greater emphasis on comfort, ease of use, automated operations, and remote control. Major unit heater manufacturers are focusing 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, thereby emitting less CO2 levels and increasing the overall heating efficiency. This market research report also includes complete regional outlook and highlights top winning strategies that has helped industry players to expand their market share.

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List Of TOP KEY PLAYERS in Unit Heater Market Report are –

Rising demand for low-noise operations, increasing integration of electric heaters with solar panels, growing use of sensors to adjust the temperature automatically, and elevated efficiency at lower costs are the factors driving the global unit heaters market. The manufacturers are implementing new motor designs with low-noise fans and integrating thermostats, remote control options, and screen display in unit heaters. According to the US Department of Energy, several states are adopting state efficiency standards for unit heaters, which would further encourage the production of energy-efficient unit heaters. Hazloc Heaters developed an explosion-proof electric air heater for operations in hazardous conditions to meet the US and Canadian certification standards. The heater features spark-resistant fan assembly, which is in the quality standard of AMCA 99-10.

The global Unit Heater market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2026. In 2022, the market was growing at a steady rate and with the rising adoption of strategies by key players; the market is expected to rise over the projected horizon.

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Global Unit Heater Market Report 2021 provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.

Target Audience: • Manufacturers and Testing Service Providers • Traders, Importers, and Exporters • Raw Material Suppliers and Distributors • Research and Consulting Firms • Government and Research Organizations • Associations and Market Bodies

Unit Heater Market – by Technology

Unit Heater Market – by Application

Manufacturers such as Goodman Manufacturing Company and Qubino are also focusing 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—is engaged in integrating intelligent communicating technology in unit heaters to automate the operations to offer a better consumer experience with high comfort. Furthermore, the incorporation of 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 better understand the consumer usage pattern and evaluate the time and duration of the usage, which further eliminates the user’s requirement to operate the unit heater physically. Thus, integrating smart technologies with unit heaters is becoming a significant trend in the unit heater market.

With tables and figures, helping analyze worldwide Global Unit Heater Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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Additionally, growing industrial and Unit Heater is expected to boost the growth of market across various industries globally

Currently, unit heaters are integrated with warning indicators, fireproof materials, and explosion-proof features to make them user-friendly. Major manufacturers such as Qubino and Armstrong are working on incorporating intelligent technologies in their unit heaters. Heating equipment offered by Qubino features easy scheduling, remote access, energy tracking, color touchscreen, and sensor technologies. Unit heaters are available in various sizes and shapes. The next-generation unit heaters are designed to emphasize comfort, ease of use, automated operations, and remote control. The commercial applications include hospitals, clinics, holiday homes, hotels, restaurants, shopping malls, and commercial complexes. Growing number of commercial buildings and booming real estate industry worldwide are adding to the demand for unit heaters.

At the beginning of 2021, COVID-19 disease began to spread around the world, millions of people worldwide were infected with COVID-19 disease, and major countries around the world have implemented foot prohibitions and work stoppage orders. Except for the medical supplies and life support products industries, most industries have been greatly impacted, and Unit Heater industries have been greatly affected.

Geographical Segmentation and Competition Analysis

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of L.A.)

Middle East and Africa (Turkey, GCC, Rest of Middle East)

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1.2 The Insight Partners Research Report Guidance

6.1 Global Unit Heater Market Overview

6.2Unit Heater Market – Revenue and Forecast to 2028(US$ Million)

6.3 Market Positioning – Top Five Players

7.2 Unit Heater Market Breakdown, by Technology, 2019 & 2028

8. Revenue and Forecast to 2027 – Application

8.2  Market Breakdown, By Application, 2019 & 2028

9 Middle East and Africa Unit Heater Market Analysis

9.2 North America: Unit Heater Market

9.3 Middle East and Africa  Market Size

10. Impact of COVID-19 Pandemic on Unit Heater Market

10.1 North America: Impact assessment of COVID-19 Pandemic

10.2 Europe: Impact assessment of COVID-19 Pandemic

10.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic

10.4 Middle East and Africa: Impact assessment of COVID-19 Pandemic

10.5 South America: Impact Assessment of COVID-19 Pandemic

Thanks for reading this release; you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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