Lucintel's latest market report analyzed that unit heater provides attractive opportunities in various applications, such as commercial, industrial, and residential. The unit heater market is expected to reach $5.3 billion by 2028 with a CAGR of 5%. In this market, hydronic is the largest segment by product type, whereas commercial is largest by application.
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Based on product type, the unit heater market is segmented into gas fired, hydronic, electric, and others. The hydronic segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing demand for energy-efficient heating solutions in the construction industry.
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The Unit Heater Market is marked by the presence of several big and small players. Some of the prominent players offering unit heater include Airtherm, Armstrong International, Beacon Morris, Dunham-Bush, KING ELECTRICAL, Kroll Energy GmbH, Reznor HVAC, Thermon Industries, Trane, and Turbonics.
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