Market Introduction
The unit heater market in SAM is further segmented into Brazil, Argentina, and the Rest of SAM. In the recent years, industrialization has started growing at a significant rate, and the industrial sector has contributed a major share toward the region’s economic growth. Brazil is the largest country in South America, and it is one of the world's largest economies in terms GDP and purchasing power parity. Growing demand for advanced HVAC systems for improving air quality in buildings has created a huge growth opportunity for the unit heaters market players. Construction operations in Brazil have been declining since 2014 due to the failing economy, low government spending, restricted credit supply, high inflation, and several active/resolved corruption investigations involving major construction companies. This has resulted in delays in projects, and surge in financial, liquidity, and reputational problems for incumbent players; these issues included bans on participating in public contracts, thus unleashing a profound restructuring process. Therefore, Brazil's overall unsteady economic situation has reflected in the gradual slowdown of the indoor flooring market growth. Increasing demand for energy efficient unit heaters is the major factor driving the growth of the SAM unit heater market.
South American is witnessing growth in various industries over the past few years. Industries such as aerospace, industrial equipment, and automotive have been witnessing fair growth rate; however, the outbreak of COVID-19 has created substantially caused turmoil among the manufacturers across industries which had impacted the adoption of unit heaters. The governments in South America have implemented various containment measures which had affected the economic activities in the region. This has been highlighting limited resources and investments toward product developments, which has slow-downed the adoption of HVAC systems including unit heaters. This factor has negatively impacted the unit heaters market in SAM.
Market Overview and Dynamics
The unit heater market in SAM is expected to grow from US$ 194.52 million in 2021 to US$ 286.43 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. Design and aesthetic appeal in heating systems have utmost importance in the electronics industry, such as, advancements in LED lighting, sensors, digitalization, remote control, advanced connectors, and other advanced technologies. The unit heater manufacturers focus on modularity, ease of use, quick access, and easy maintenance. The companies are focusing on integrating these features in the unit heaters to provide an intelligent management system. For instance, Robur offers a genius 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. Manufacturers also focus on offering compact and modern designs, calendar systems, high-contrast and clear LED screens, thermostats, built-in temperature sensors, and valves with actuators. These small pieces of equipment are integrated with the unit heaters to provide a good design and aesthetic appeal for the unit heaters. The companies are also focusing on introducing unique designs of the fan blades, a tubular heat exchanger designed to enhance performance and reliability, self-diagnostic board with an LED display that improves troubleshooting efficiency and accuracy. Lennox designed a unit heater with heating capacities of 30,000–400,000 BTU/h for residential and commercial applications, the new product features LED display and sidewall venting. Thus, advancements in designs of unit heaters that complement the modern infrastructures are providing opportunities to the unit heater market players to expand their reach.
Key Market Segments
The SAM unit heater market is segmented on the basis of installation, application product type, and country. By installation, the SAM unit heater market is bifurcated into horizontal unit heater, vertical unit heater, and suspended unit heater. The horizontal unit heater segment dominated the market in 2020 and vertical unit heater segment is expected to be the fastest growing during the forecast period. On the basis of application, the unit heater market is segmented into commercial, industrial, and residential. The commercial segment dominated the market and industrial segment is expected to be the fastest growing during the forecast period. On the basis of product type, the unit heater market is segmented into gas fired, hydronic, electric, and others. The hydronic segment dominated the market and electric segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the unit heater market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Armstrong International Inc.; Dunham-Bush Limited; Kroll Energy GmbH; Reznor HVAC; Thermon Industries, Inc.; and Trane are among others.
Reasons to buy report
SAM Unit Heater Market Segmentation
SAM Unit Heater Market -By Installation
SAM Unit Heater Market -By Application
SAM Unit Heater Market -By Product Type
SAM Unit Heater Market -By Country
SAM Unit Heater Market -Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 194.52 Million |
| Market Size by 2028 | US$ 286.43 Million |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Installation
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Unit Heater Market is valued at US$ 194.52 Million in 2021, it is projected to reach US$ 286.43 Million by 2028.
As per our report South America Unit Heater Market, the market size is valued at US$ 194.52 Million in 2021, projecting it to reach US$ 286.43 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The South America Unit Heater Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Unit Heater Market report:
The South America Unit Heater Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Unit Heater Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Unit Heater Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Unit Heater Market
