Gas Heater Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

A gas heater is a device used to heat a room or an outdoor area, by burning liquefied natural gas, petroleum gas, butane, or propane. Along with residential use of gas heaters, they also have industrial use. For industrial use, gas heaters mainly find application in low dust SCR systems and flue gas desulfurization plants which utilize the waste heat from the flue gas. Gas heaters are often seen as a device that requires to be used safety due to its nature of fire and in terms of emissions, particularly the heaters that are non-fluid.

Driving Factors:

  • Increasing demand for gas heaters is supported by the fact that these gas heaters prove economical to end users, both residential and industrial.

  • Furthermore, increasing investments in R&D for various domestic heating appliances in used for residential and industrial purpose is further expected to drive the growth of domestic heating appliances. All these factors are driving the market for gas heaters.

  • Technological development in the product is considered a major factor responsible for market growth over the forecast period.

Market Segmentation:

  • The global gas heater market can be segmented based on product, end-users/application, and region.

  • Based on product, the global gas heater market is segregated into portable and flued. These also include sub-groups such as radiant, convectors, radiant-convectors, power flued, flued radiant, and wall heaters. Portable gas heaters that have star ratings of 5.8 or 5.9 Stars indicate that these gas heaters have 90% efficiency in converting the gas to usable heat. Portable gas heaters do not require installation and can be stored away when they are not in use. Also, according to safety regulations these gas heaters are more suitable for residential purposes as they do not emit combustion gases. Portable gas heaters are further sub-segmented as gas radiant heater, gas convector, radiant convectors, and others. Flued heaters offer warmth through gas heating with no combustion emissions, indoor.

  • Based on application, the global gas heater market market is categorized into residential and commercial.

  • Based on region, the global gas heater market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to acquire major share of the market in terms of revenue over the forecast period.

  • The North America gas heater market comprises the U.S., Canada, and Rest of North America. Analysis and forecast of the gas heater market in Europe includes Germany, U.K., France, and Rest of Europe. Similarly, Asia Pacific includes India, Japan, China, and Rest of Asia Pacific. Middle East & Africa comprises the analysis and forecast of the gas heater market in GCC countries, Rest of Middle East & Africa, and South Africa. The South America gas heater market can be segmented into Mexico, Brazil, and Rest of South America. North America and Europe are expected to dominate the market. On the other, the Asia Pacific gas heater market is expected to grow at a faster rate during the forecast period.

Competitive Landscape:

  • Prominent players operating in the global gas heater market are Rinnai, Bradford White, American Water Heaters, State Water Heaters, A.O. Smith, Reliance Water Heaters, Kenmore, Whirlpool, US Craft Master, Noritz, Lochinvar, V-guard, Racold, Ferroli, and players are planning to enter into the global gas heater market during the forecast period.

  • These manufacturers are expected to focus on discovering newer manufacturing processes and innovative methods to establish themselves in the highly competitive consumer durables market. Manufacture of gas heater market that use energy more efficiently are expected to be in focus for these companies.

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