The global unitary heaters market was surpassed at USD 2.33 billion in 2022 and is expected to hit around USD 3.43 billion by 2032, growing at a CAGR of 3.94% from 2023 to 2032.
Key Pointers
Report Scope of the Unitary Heaters Market
Report Coverage | Details |
Revenue Share of Asia Pacific in 2022 | 43% |
CAGR of Central and South America from 2023 to 2032 | 2.96% |
Revenue Forecast by 2032 | USD 3.43 billion |
Growth Rate from 2023 to 2032 | CAGR of 3.94% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Companies Covered | Mestek Inc.; Armstrong International Inc.; Beacon Morris; Dunham Bush; King Electric; Daikin Industries, Ltd.; Trane; Reznor HVAC; Lennox International; Thermon; Turbonics, Inc.; MODINE MANUFACTURING COMPANY; New York Blower Company; Zycon; SVL Inc.; Sterling HVAC |
The growth of the market is expected to be driven by higher efficiency, lower noise levels, and lower operating costs. Moreover, unitary systems provide consistent temperatures across a household from one central unit. These factors are expected to positively impact product demand during the forecast year. Unitary heaters can be powered by various energy sources, including steam, hot water, propane, oil, and natural gas. Furthermore, with heating outputs ranging from 25,000 BTUs/hr to 400,000 BTUs/hr, a unit heater can heat a big room, such as a warehouse or mechanical shop. They are available in various efficiencies, with accepted efficiency units having a fixed capacity and high-efficiency units having variable capacities to maximize energy utilization.
Unit heaters are adaptable heating systems that deliver effective and targeted warmth in commercial, industrial, and residential applications. Individuals and organizations may make informed decisions about their heating needs by studying the types of unit heaters and their applications. Unit heaters provide a dependable and cost-effective solution for targeted heating requirements, whether they are used to maintain comfortable working conditions in industrial spaces, to complement central heating in commercial buildings, or to heat private garages and workshops.
The growth of the market for unitary heaters in the U.S. is further aided by federal and state regulations that provide tax credits, rebates, and other supplemental incentives to boost energy-efficient system installations and encourage the use of renewable energy sources. Residential buyers in the U.S. may be eligible for an energy property credit, which allows them to claim 10% of the cost of labor, professional preparation, and installation. These previously mentioned reasons are expected to drive market demand in the approaching years.
Heating solution growth is expected to be boosted by rising building spending and increased maintenance and replacement activity. The building industry in the U.S. is focused on developing environmentally friendly and energy-efficient constructions. The U.S. Green Building Council (USGBC) founded the Leadership in Energy and Environmental Design (LEED) accreditation program.
LEED focuses on lowering energy usage through the design and development of energy-efficient projects. HVAC systems must meet the specifications stated in the New Buildings Institute, Inc. article "Advanced Buildings: Energy Benchmark for High-Performance Buildings." Such policies have also facilitated the development and implementation of ecologically sustainable alternatives such as unitary heaters.
Operation Insights
The electric unitary heaters segment led the market and accounted for more than 45% of the global revenue share in 2022. Electric unitary heaters are widely used in home, commercial, and light industrial applications. Electric resistance coils or heating elements are used to generate heat in these heaters. They are simple to install and use, and they give accurate temperature control. These factors are anticipated to drive the demand for electric unitary heaters in the projected timeframe.
The gas-fired unitary heaters segment is anticipated to witness a CAGR of 3.83% over the forecast period. In industrial & commercial settings, gas-fired unitary heaters are extensively employed. It efficiently heats huge spaces such as a commercial or industrial warehouse. They use natural gas or propane as a fuel source and generate heat through burning. These heaters frequently include a heat exchanger and a blower that distributes hot air over the surrounding area.
Hydronic unitary heaters are lightweight, low-cost to install, and weather resistant. They are designed for ceiling mounting and offer an easy and low-cost way of heating warehouses, supermarkets, factories, and other big open areas. The HB Series Horizontal Unit Heaters, for instance, are ideal for hot water installations. A wide spectrum of airflows allows for nearly limitless task design freedom. Beacon Morris horizontal unit heaters come in serpentine and header configurations.
Oil-fired heaters are constructed using time-tested and field-proven materials. These are also automatic and simple to service and install. Roll-formed, corrosion-resistant steel ensures the safety & durability of oil heaters. For instance, POR oil-fired unit heaters provide an effective form of heating, particularly in areas where fuels such as natural gas are scarce, or unreliable.
Application Insights
The commercial application segment led the market and accounted for more than 43% of the global revenue share in 2022. Unit heaters augment the central heating system in retail stores, restaurants, offices, and other commercial establishments, providing warmth to specific zones or locations. This is anticipated to contribute to the growth in demand in the commercial application segment over the forecast period.
Unit heaters, also known as space heaters, are stand-alone heating units that are used to heat specific zones or regions of a building. These heaters are often fixed on walls, ceilings, or floors and generate heat by using a heat source such as propane, natural gas, hot water, steam, or electricity. Unit heaters are also noted for their adaptability, energy economy, and ability to offer rapid and localized heating. Unit heaters are used in agricultural structures such as poultry houses, barns, and greenhouses to provide localized heating and to keep livestock, plants, and crops at appropriate temperatures.
The residential application segment is anticipated to witness a CAGR of 4.24% over the forecast period. Unit heaters are commonly used to heat domestic garages and workshops, allowing homeowners to keep warm while working on projects or keeping vehicles in colder areas. Portable and fixed industrial unitary heaters use a powerful fan to help circulate the warm air produced by the heating components. Unit heaters are widely used in warehouses, factories, workshops, and industrial facilities to offer focused heating in specified areas, assuring worker comfort and optimizing working conditions.
Type Insights
The vertical unitary heaters capacity segment led the market and accounted for 48% of the global revenue share in 2022. This vertical unit heater can recirculate the warm air accumulated near ceilings. Moreover, these are ideal for heating spaces with tall ceilings and where crane ways and other obstructions dictate higher mounting of heating equipment.
Horizontal louvers on the horizontal unit heaters can be changed to lengthen or shorten the heat throw and/or decrease or raise the mounting height. The horizontal electric unitary heaters models are mostly utilized in buildings with low ceilings and minimal barriers, and they are fitted with air deflector blades to modify airflow either up or down.
Suspended unitary heaters are technologically advanced kinds of unit heaters that are designed to provide exceptional energy efficiency, performance, and economy for lower operating and life cycle costs.
Regional Insights
Asia Pacific region dominated the market in 2022 by accounting for a revenue share of more than 43% owing to the massive investments by the governments of different countries in the region for the development of public infrastructure and the expansion of residential construction. There is rising awareness regarding energy saving across the region which is expected to augment the demand further.
Major unit heater producers in North America are concentrating on providing energy-efficient devices that provide appropriate heating, have low maintenance and operational expenses, and emit lower amounts of pollution. Furthermore, rising demand for low-noise operations, integration of electric heaters with solar panels, and increased usage of sensors are projected to enhance unitary heater demand in the future years.
During the projected period, Central and South America are expected to expand at a CAGR of 2.96% over the forecast period. Demand for unitary heaters is anticipated to witness substantial growth owing to the increasing demand for manufacturing facilities in the emerging economies of the region. This is projected to have a positive impact on industrial construction, thereby boosting the industry demand over the forecast period.
Unitary Heaters Market Segmentations:
By Operation
By Application
By Type
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Operation Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Unitary Heaters Market
5.1. COVID-19 Landscape: Unitary Heaters Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Unitary Heaters Market, By Operation
8.1. Unitary Heaters Market, by Operation, 2023-2032
8.1.1 Gas-fired Unitary Heaters
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Hydronic Unitary Heaters
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Electric Unitary Heaters
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Oil-fired Unitary Heaters
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Unitary Heaters Market, By Application
9.1. Unitary Heaters Market, by Application, 2023-2032
9.1.1. Residential
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Commercial
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Unitary Heaters Market, By Type
10.1. Unitary Heaters Market, by Type, 2023-2032
10.1.1. Horizontal Unitary Heaters
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Vertical Unitary Heaters
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Suspended Unitary Heaters
10.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Unitary Heaters Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Operation (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by Type (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Operation (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Type (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Operation (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Type (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Operation (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by Type (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Operation (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Type (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Operation (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Type (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Operation (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Type (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Operation (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Type (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Operation (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by Type (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Operation (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Type (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Operation (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Type (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Operation (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Type (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Operation (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Type (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Operation (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by Type (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Operation (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Type (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Operation (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Type (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Operation (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Type (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Operation (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Type (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Operation (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by Type (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Operation (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Type (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Operation (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Type (2020-2032)
Chapter 12. Company Profiles
12.1. Mestek Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Armstrong International Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Beacon Morris.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Dunham Bush.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. King Electric.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Daikin Industries, Ltd.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Trane.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Reznor HVAC
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Lennox International.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Thermon
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms