Global Warm Air Heaters Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
Warm air heaters are similar to air conditioning equipment in the way that they blow air around ductwork and out through grilles or vents throughout the house. The warm air heaters are expected to grow at the CAGR of 15.23% during 2016-2022 and it estimated to be $11.25 billion by 2022. Warm air heating is the recent replacement for old methods of water heating systems within the industrialized field. Warm air heaters are currently becoming popular in commercial and residential areas with their high use in home-based heating applications and commercial hearting applications. The global market for warm air heaters is estimated to grow with a significant rate in the future years with great growth potential in new fixings. Warm air equipment force the air around the area and are used in places where it is need to, mainly in public spaces and industries to increase effectiveness by saving up to 20 percent energy. These systems are also referred to as HVAC systems (Heating, Ventilation and Air Conditioning).
The key drivers governing the warm air heater markets are the occupational safety regulation. Also the growing importance of safety and security at workplaces owns this market. The challenges for the market are the high raw material cost and the complex manufacturing methods that are use in making the warm air heaters. Moreover, the development of new segments in product can provide new opportunities for growth over the forecast period.
Segmentation of the warm air heaters market done on the basis of product types, application and geography. On the basis of product type warm air heaters are segmented into convection heaters, radiant heaters, fired heaters, and electric forced air heaters. Moreover, the fired heaters can further be sub-segmented into direct and indirect fired heaters. And electric forced air heater includes industrial compact space saving electric forced heaters and air duct heaters. On the basis of application, the market can be segmented into industrial processes, portable buildings, tunnels, power generation and others.
Geographically, global warm air heaters market segmented into four broad regions that are, Asia Pacific, North America, Europe and RoW. Warm air heating equipment are in growing demand in advanced economies like North America and Europe due to the rising use of these equipment in industrial and residential applications. This industry is also witnessing considerable growth rate in emerging economies like India and China due to growing use of air heating equipment in industrial applications, increasing residential infrastructure and development of more application.
Some of the major players in the warm air heating market are AmbiRad Limited, Babcock Wanson, Biddle Air Systems, Reznor UK, Dantherm A/S, Winterwarm BV, and others. With tremendous growth potential for this industry, more number of players are entering this industry, creating competition which is resulting the development of new products with technological improvements.
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