Unitary Heaters Market Growth & Trends
The global unitary heaters market size is anticipated to reach USD 3,122.6 million by 2030, growing at a CAGR of 3.9% during the forecast period, according to a new report by Grand View Research, Inc. Increasing construction spending along with growing demand for highly energy-efficient heating solutions is projected to drive the demand for unitary heaters. Furthermore, favorable government initiatives such as rebates and incentives for the installation of highly energy-efficient unitary heaters are projected to have a positive impact on the market.
Unitary heaters are commonly utilized in the commercial sector to address the space heating needs of small complexes or rooms. Unitary heaters have a low starting cost and an easy installation procedure. These reasons are expected to fuel market growth in the coming years. For instance, Warren Technologies provides unitary electric heaters in various sizes, shapes, and configurations that can be field mounted in any brand of air conditioning system.
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 expected to be the major factors driving the demand for unitary heaters in the coming years. For instance, electric unitary heaters are available for installing various types of high-efficiency equipment, including split, packaging, central DX, heat pump, and PTAC systems.
In HVAC systems, unitary heaters are utilized to provide both heating and cooling capabilities. Further, unit heaters can fit any need and are simple to install. They have a small footprint that blends in with any simple design. In addition, by directing the heat where it is needed, their zoning capabilities can save energy use. There are numerous sizes and styles among a large selection of energy-efficient, aesthetically beautiful designs that also give a long-lasting design with a showroom appearance. These aforementioned factors are expected to drive the demand for unitary heaters in the coming years. For instance, Modine’s Hot Dog heater prevents the chill from entering an office or outbuilding.
Manufacturers of unitary heaters are looking for product launches, mergers & acquisitions, and expansions to develop new products. In April 2023, Combat Heating Solutions introduced Elite Pro Unit Heaters. The product offers increased energy efficiency and is simple to maintain, install, and operate. Furthermore, these unit heaters are suited for either room-sealed or open-flued installation, and they incorporate lockout warning lights to aid with troubleshooting.
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Unitary Heaters Market Report
Report Attribute Details
Market size value in 2023 — USD 2,369.9 million
Revenue forecast in 2030 — USD 3,122.6 million
Growth Rate — CAGR of 3.9% from 2023 to 2030
Base year for estimation — 2022
Historical data — 2018–2021
Forecast period — 2023–2030
Unitary Heaters Market Report Highlights
- The electric unitary heaters segment led the market and accounted for a 44.7% share in 2022. These are ideal for commercial & recreational constructions, industrial plants, and special-purpose structures. Electric heaters are designed for even heat distribution and low installation and maintenance expenses
- The gas-fired unitary heaters segment accounted for a 32.0% share in 2022. These have cheap installation costs and can heat huge areas. Modine, for instance, provides Effinity, which is the most efficient gas unit heater, with efficiencies ranging from 55,000 to 310,000 BTU/hr and efficiencies up to 97%
- The commercial segment led the market and accounted for 42.8% of the revenue share in 2022. Small areas are heated with commercial unit heaters. Unit heaters, for instance, are generally situated near the entry point of a retail store or just inside the building near the loading dock
- The residential segment is expected to witness a CAGR of 4.2% over the forecast period. The strong demand for home remodeling and upgrading is due to increased discretionary household spending (due to significant government stimulus). Much of this growth will come from the significant rise in spending on residential building construction. The growing residential construction is expected to drive the demand for unit heaters for residential applications
- For models dually approved for commercial and residential applications, LF25–030 through LF25–0105, Lennox unit heaters are the most efficient in the 80% thermal efficiency class
