South America Unit Heater Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation (Horizontal Unit Heater, Vertical Unit Heater, and Suspended Unit Heater), Application (Commercial, Industrial, and Residential), and Product Type (Gas Fired, Hydronic, Electric, and Others)
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.
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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
- To understand the SAM unit heater market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM unit heater market
- Efficiently plan M&A and partnership deals in SAM unit heater market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM unit heater market
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM Unit Heater Market Segmentation
SAM Unit Heater Market -By Installation
- Horizontal Unit Heater
- Vertical Unit Heater
- Suspended Unit Heater
SAM Unit Heater Market -By Application
- Commercial
- Industrial
- Residential
SAM Unit Heater Market -By Product Type
- Gas Fired
- Hydronic
- Electric
- Others
SAM Unit Heater Market -By Country
- Brazil
- Argentina
- Rest of SAM
SAM Unit Heater Market -Company Profiles
- Armstrong International Inc.
- Dunham-Bush Limited
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Unit Heater Market – By Installation
1.3.2 SAM Unit Heater Market – By Application
1.3.3 SAM Unit Heater Market – By Product Type
1.3.4 SAM Unit Heater Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Unit Heater Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Unit Heater Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Energy Efficient Unit Heaters
5.1.2 Flourishment of Commercial Sector
5.2 Key Market Restraints
5.2.1 Carbon Emission Concerns
5.3 Key Market Opportunities
5.3.1 Advances In Design Complements Modern Infrastructure
5.4 Future Trends
5.4.1 Integration of Smart Technologies with Unit Heaters
5.5 Impact Analysis of Drivers and Restraints
6. Unit Heater Market – SAM Analysis
6.1 SAM Unit Heater Market Overview
6.2 Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7. SAM Unit Heater Market Analysis – By Installation
7.1 Overview
7.2 Unit Heater Market, By Installation (2020 and 2028)
7.3 Horizontal Unit Heater
7.3.1 Overview
7.3.2 Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Vertical Unit Heater
7.4.1 Overview
7.4.2 Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Suspended Unit Heater
7.5.1 Overview
7.5.2 Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM Unit Heater Market Analysis – By Application
8.1 Overview
8.2 Unit Heater Market, By Application (2020 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Residential
8.5.1 Overview
8.5.2 Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
9. SAM Unit Heater Market Analysis – By Product Type
9.1 Overview
9.2 Unit Heater Market Breakdown, by Product Type, 2020 & 2028
9.3 Gas-Fired
9.3.1 Overview
9.3.2 Gas-Fired Market Revenue and Forecast to 2028 (US$ Million)
9.4 Hydronic
9.4.1 Overview
9.4.2 Hydronic Market Revenue and Forecast to 2028 (US$ Million)
9.5 Electric
9.5.1 Overview
9.5.2 Electric Market Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. SAM Unit Heater Market – Country Analysis
10.1 Overview
10.1.1 SAM: Unit Heater Market, by Key Country
10.1.1.1 Brazil: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Unit Heater Market, by Installation
10.1.1.1.2 Brazil: Unit Heater Market, by Application
10.1.1.1.3 Brazil: Unit Heater Market, by Product Type
10.1.1.2 Argentina: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Unit Heater Market, by Installation
10.1.1.2.2 Argentina: Unit Heater Market, by Application
10.1.1.2.3 Argentina: Unit Heater Market, by Product Type
10.1.1.3 Rest of SAM: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Unit Heater Market, by Installation
10.1.1.3.2 Rest of SAM: Unit Heater Market, by Application
10.1.1.3.3 Rest of SAM: Unit Heater Market, by Product Type
11. SAM Unit Heaters Market - COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Turbonics, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 KING ELECTRICAL MFG. CO.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Armstrong International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Dunham-Bush Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Reznor HVAC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Trane
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Airtherm
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Beacon Morris
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Kroll Energy GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Thermon Industries, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. SAM Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Unit Heater Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Unit Heater Market, by Installation – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM: Unit Heater Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM: Unit Heater Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Unit Heater Market Segmentation
Figure 2. SAM Unit Heater Market Segmentation – By Country
Figure 3. SAM Unit Heater Market Overview
Figure 4. Horizontal Unit Heater Segment Held the Largest Market Share Based on Installation
Figure 5. Commercial Segment Held the Largest Market Share Based on Application
Figure 6. Hydronic Segment Held the Largest Market Share Based on Product Type
Figure 7. Brazil to Show Great Traction During Forecast Period
Figure 8. SAM – Pest Analysis
Figure 9. Expert Opinion
Figure 10. Unit Heater Market Impact Analysis of Drivers and Restraints
Figure 11. SAM Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Unit Heater Market Revenue Share, by Installation (2020 and 2028)
Figure 13. SAM Horizontal Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Vertical Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Suspended Unit Heater: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Unit Heater Market Revenue Share, by Application (2020 and 2028)
Figure 17. SAM Commercial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Industrial: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Residential: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Unit Heater Market Breakdown, by Product Type (2020 and 2028)
Figure 21. SAM Gas-Fired Market Revenue and Forecast to 2028(US$ Million)
Figure 22. SAM Hydronic Market Revenue and Forecast to 2028(US$ Million)
Figure 23. SAM Electric Market Revenue and Forecast to 2028(US$ Million)
Figure 24. SAM Others Market Revenue and Forecast to 2028(US$ Million)
Figure 25. SAM: Unit Heater Market by Key Country-Revenue 2020 (US$ Million)
Figure 26. SAM: Unit Heater Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Brazil: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Argentina: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of SAM: Unit Heater Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in South America Country Markets
- Armstrong International Inc.
- Dunham-Bush Limited
- Kroll Energy GmbH
- Reznor HVAC
- Thermon Industries, Inc.
- Trane
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM Unit Heater market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM Unit Heater market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the Unit Heater market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution