The global warm air heaters market has increased steadily and it is expected to grow at a high rate over the forecast period. The need for efficient heating equipment has led to the mechanical systems’ developments in a cost-effective manner. Increased use of warm heaters in residential and non-residential buildings has driven the industry. The heating equipment industry is directly influenced by building standards such as the International Organization for Standardization (ISO), one of the environmental standards, which has established principles for building designs. It is expected to grow at a substantial pace in the future due to increasing demand from the replacement market and the need for effective heating solutions.
Growing concerns about the environment, carbon emissions, energy consumption, and energy efficiency have encouraged the players to invest in the warm heaters industry. Designing heaters with improved thermal performance, thereby achieving lower costs in both domestic and non-domestic areas reducing the overall heating load has resulted in increased demand. Lack of product differentiation can act as a challenge to the warm heaters market since it has increased the competition in the industry. However, the development of new segments in the product can provide new opportunities for growth over the forecast period.
The government has also introduced legislation for the environment emphasizing significantly on carbon emissions and fuel efficiency such as alternative fuel vehicles (electric or natural gas) replaced conventional vehicles. This involves encouraging consumers pertaining to the use of smart meters for energy consumption and energy-saving, thereby enabling them more energy efficiency. Air heating systems are replaced by the traditional water heating systems in the industrial sector and are gaining popularity due to their energy-saving abilities in home heating applications. The warm heaters market is largely dependent on the level of construction activity due to their popularity in commercial and residential areas.
The use of heaters in the residential sector relies on climatic fluctuations. For example, in winter, warm air heaters demand increases significantly. Air heaters are segmented based on product application and components utilization. Based on the product, warm air heaters market can be segmented into radiant heaters, indirect fired heaters, electric forced air heaters, convection, and direct-fired heaters. Based on the application, the industry can be segregated into industrial processes, tunnels, portable buildings, and power generation. Growing industrial and commercial requirements have made Asia Pacific a lucrative region to invest in the warm heaters industry, as the consumption rate is higher in these regions, particularly in China and Japan.
HVAC equipment industry in China is expected to grow steadily over the forecast period, as there has been a steady demand from households. Some of the prominent companies having their presence in the Chinese warm heaters industry include Electrolux AB, GD Midea, Gree Electric Appliances, and Ingersoll Rand. Countries experiencing severe cold weather in the U.S., states such as Texas, California, and Florida, and many European regions generate a large demand for warm heaters. The HVAC equipment demand in the U.S. is expected to increase steadily. However, in North America, growth is anticipated to be stagnant as it is a mature warm heaters market as compared to other regions.
Growth in the residential sector is expected to significantly outpace the non-residential sector as equipment demand in this area accounts for a larger share in value terms, which results in a higher cost of the equipment. Companies dealing in the U.S. HVAC equipment industry are AAON Incorporated, ABB Ltd., Elco Limited, Electrolux AB, LSB Industries Incorporated, and Emersion Electric Company. The recovery of Europe’s economy is expected to provide significant growth opportunities. The key segment, which has attracted investors in this region, is a replacement of analog systems with energy-efficient systems. Major warm heaters market players include AmbiRad Limited, Kroll UK Ltd., Reznor UK, Winterwarm BV, and Dantherm A/S. Some of the other players existing in the industry are AJ Well and Sons, Arada, Babcock Wanson UK, DFM Europe, Biddle Air Systems, BDR Thermea, and Johnson Controls.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
"The quality of research they have done for us has been excellent."
The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.