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Technavio’s market research analysts predict the global warm air heater market to grow steadily during the forecast period and post a CAGR of almost 3% by 2020. This industry research report identifies the growing demand for retrofitting to be one of the major factors that will have a positive impact on the growth of the warm air heaters market in the coming years. Retrofitting involves the replacement of old equipment with new technologies to enhance the efficiency and output and will in turn, augment the need for HVAC systems. The development of infrastructure in the emerging countries such as India and China will be one of the major reasons for retrofitting where the existing infrastructure is replaced with energy-efficient HVAC equipment. Such retrofitting activities will mainly focus on reducing operating costs and increasing energy efficiency and will demand the installation of new heating equipment and warm air heaters, consequently driving market growth.
The emergence of building energy management systems (BEMS) will be one of the major trends that will gain traction in the warm air heating system market during the next four years. The adoption of BEMS technology will help building owners lower their energy consumption while improving productivity. The increased need for energy efficiency and cost reduction in both the commercial and residential buildings will drive the demand for BEMS, which in turn, will create the demand for HVAC systems.
Characterized by the presence of several well-established international and regional vendors, this market appears to be fragmented. As customers mainly prefer the reliable and efficient heating systems offered by established players, the market is dominated by the international warm air heater manufacturers. Owing to the need for high capital, there are a very few local and small-scale players in the market. The regional players often find it difficult to sustain the competition in terms of large-scale or technically demanding projects. An increase in product extensions, technological innovations, and strategic M&A will intensify the level of competition among the market players.
The leading vendors in the market are -
The other prominent vendors in the market are Schwank, Colt International, Reznor, Dantherm, Babcock Wanson, Dimplex, Combat HVAC, Diffusion Group, FLOWAIR (Robur), Flexiheat UK, Dunham-Bush, BMM Heaters, Warmflow, Systema, and IWE Industriewärmetechnik & Elektrotechnik.
During 2015, the residential segment accounted for the major market shares and dominated the industry. The growth of the residential sector due to factors such as reduced costs and improvement in operations and maintenance, will drive the need to maintain indoor air quality, which will subsequently drive market growth.
This market study estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the next four years. The increased adoption of smart monitoring systems such as building energy management system (BEMS) and the rise in construction activities and extreme climatic conditions of the Middle East, will drive the growth of the market in this region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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