Key Market Overview:
Warm air heater market is projected to grow from USD 2.36 Billion in 2022 to USD 3.08 Billion by 2030, at a CAGR of 3.6% in the forecast period, 2023-2030.
A warm air heater is an electronic device that draws warm heat and air from the surroundings and passes this air over a gas flame for further heating. The warm air heater has the tendency to reduce the moisture content of the surroundings by attracting the warm air and releasing it back into the surroundings. Warm air heating systems are a popular choice for homes that are single-story, well-insulated spaces such as flats, bungalows, and other commercial properties. Moreover, warm air systems are compatible with propane, oil, and other electrical fuel sources, suitable for application in residential settings.
The rising concerns among individuals regarding environmental impact, energy efficiency and changing weather conditions is driving the growth of warm air heater market. Extreme weather variability associated with climate change has raised environmental concerns in nations that are vulnerable to environmental degradation, resource depletion, and overpopulation. Moreover, consumers are facing health consequences as a result of changing weather conditions. Consequently, the demand for warm air heaters in increased in residential and commercial spaces, contributing to the growth of the market For instance, in September 2022, Panasonic Holdings Corporation invested USD 149.72 million in Czech plant factory to support the production of air-to-water heat pumps due to its increasing demand in Europe as a result of changing weather conditions. In conclusion, the growing health concerns among individuals due to the changing environmental conditions is accelerating the growth of warm air heater market.
Warm Air Heater Report Coverage:
|Market Size in 2030 (USD Billion)
|Radiant Tube Heaters, Duct Heaters, Enclosure Heaters, Forced Air Heaters, Heat Torches and Flame Heaters, Room Heaters, and Others
|Tunnels, Power Generation, Industrial, Buildings, and Others
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
- North America [United States, Canada, Mexico]
- Middle East & Africa [GCC, North Africa, South Africa]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
|BriskHeat, Amba Heat Ltd, Babcock Wanson, Colt International Licensing Limited, Daikin Industries, Ltd., Dantherm AS, Johnson & Starley, Geurts International B.V, Kroll Energy GmbH, Eberspächer Gruppe GmbH & Co. KG
The warm air heater market is witnessing significant growth due to its quick response, energy-efficiency, and long-lifespan. Warm air heating systems have an extremely quick response time and start working immediately that results in heating of the surrounding air in lesser time. Moreover, warm air heaters use less fuel in comparison to the traditional heating systems that contributes to the energy efficiency of warm air heaters. Additionally, consumers are able to adjust the ventilation and heating properties of a warm air heater, enabling easy customization of the warm air heaters according to the requirements. For instance, in January 2022, GE Appliances showcased new air & water heating solutions with an atmospheric gas water heater and unitary HVAC system at 2022 AHR Expo. Consequently, the cost-effectiveness and energy-efficiency of warm air heaters is propelling the growth of the market.
Warm air heaters have the tendency to circulate dust particles while operating, resulting in severe health consequences for people suffering from breathing issues such as Asthma. Moreover, the growth of warm air heater market is hindered by the high initial purchase and installation cost that limits the adoption of warm air heaters in residential and commercial spaces. Consequently, the presence of a large number of heat pump manufacturers and installers is leading to high competition that further restrains the growth of the market.
The utilization of solar energy for the production of warm air is expected to present potential opportunities for the growth of warm air heater market. Solar air heating systems absorb thermal energy directly from sunlight to heat air. Consequently, the air is then circulated back into the surroundings producing a warm effect. Therefore, the utilization of solar energy is further expected to enhance the cost-efficiency of warm air heaters that provides significant growth opportunities during the forecast period.
Warm Air Heater Market Segmentation:
Based on the type, the market is segregated into radiant tube heaters, duct heaters, enclosure heaters, forced air heaters, heat torches and flame heaters, room heaters, and others. Forced air heaters accounted for the largest revenue share in the year 2022. The growth of this segment is attributed to the less heating time, easy installation, and cost-effectiveness of warm air heaters. Forced air heaters take significantly less time to draw air from the surroundings and exert it back through a system of ducts. Moreover, forced air heaters are installed easily into the ductwork of air conditioning units, thereby contributing to the cost-effectiveness of forced air heaters.
The room heaters segment is expected to register fastest CAGR growth during the forecast period. Room heaters are devices deployed to heat small spaces such as bedrooms and living rooms and are usually portable or fitted to a wall. Room heaters use oxygen to reduce the humidity level especially in small area rooms that results in conditions including dry eyes, blocked nose and nasal irritation. Furthermore, room heaters such as convection heater, infrared heater, and oil heaters allow consumers to save on their electricity bills due to the energy-efficiency of room heaters. Therefore, the low maintenance and cost-effectiveness of room heaters is contributing to the growth of the market.
Based on the application, the market is segmented into tunnels, power generation, industries, buildings, and others. The buildings segment accounted for the largest revenue share in the year 2022. Warm air heaters are well-suited for buildings and large commercial spaces such as schools, offices, and hospitals to improve the energy-efficiency and cost-effectiveness of these spaces providing clean and warm air. Moreover, warm air heating systems work quickly in heating up a space as they draw air directly and release it back into the surroundings that contributes to the quick response time of the warm air heaters.
The industries segment is expected to witness fastest CAGR growth during the forecast period. Warm air heaters including oil fired warm air or gas fired warm air systems are employed to heat the industrial spaces quickly and efficiently. Warm air heaters are deployed in industrial spaces such as factories and warehouses to provide ventilation and circulate air in order to reduce stale smells or odors. For instance, in September 2022, Trane extended its electrified heating & cooling product portfolio by launching air-to-water modular heat pump and IntelliPak-2 rooftop units to improve the air quality in warehouses, factories and other industrial facilities. In conclusion, the growing adoption of warm air heaters in large industrial spaces such as factories and warehouses to provide comfortable temperature for employees and customers is accelerating the growth of the market.
North America accounted for the largest revenue share in the year 2022. The growing environmental concerns due to extreme weather conditions in North America is driving the growth of warm air heater market. Consumers are increasingly adopting warm air heaters in order to improve the indoor air quality and maintain a comfortable living environment. Moreover, technological advancements in the North American region have led to the development of warm air heaters with increased performance, durable construction, and lower energy consumption.
Europe is expected to witness fastest CAGR growth during the forecast period. The demand for warm air heaters is increasing in Europe due to extremely cold and harsh weather conditions in the region. For instance, according to the World Metrological Organization, Europe experienced a surge in temperatures by more than twice the global average over the past 30 years. As a result, the market for warm air heaters is growing due to the increasing demand from households and other residential spaces in the region. Moreover, the utilization of warm air heaters in shopping malls, cinemas, and retail stores to provide a comfortable shopping experience to the customers is further accelerating the growth of the market.
Warm Air Heater Market Competitive Landscape:
The warm air heater market is highly competitive and features a mix of large multinational corporations as well as smaller, specialized local companies. The companies compete on factors such as product quality, technology, innovation, pricing, and brand recognition. Mergers and acquisitions are also common in the industry, leading to consolidation and the strengthening of market positions. Some of the major players in the market include:
• Amba Heat Ltd
• Babcock Wanson
• Colt International Licensing Limited
• Daikin Industries, Ltd.
• Dantherm Group A/S
• Johnson & Starley
• Geurts Heat Exchangers
• Kroll Energy GmbH
• In January 2023, Parat and PBS Power Equipment joined Babcock Wanson to expand air and water heating solutions for the energy transition in Europe\'s manufacturing industry.
• In April 2023, Sensibo announced the launch of air quality monitoring software that controls and optimizes the air conditioning and air quality monitoring devices in order to provide healthy air quality for employees.