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$2.7 Billion Worldwide Motor Space Heater Industry to 2027 - Impact of COVID-19 on the Market

Research and Markets
·3-min read

Dublin, Sept. 28, 2020 (GLOBE NEWSWIRE) -- The "Motor Space Heater - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Motor Space Heater Market to Reach US$2.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Motor Space Heater estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2027, growing at a CAGR of 13% over the period 2020-2027.

Process Industry, one of the segments analyzed in the report, is projected to grow at a 11.7% CAGR to reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Discrete Industry segment is readjusted to a revised 15.2% CAGR for the next 7-year period. This segment currently accounts for a 34.6% share of the global Motor Space Heater market.

The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 17.2% CAGR for the Period of 2020-2027

The Motor Space Heater market in the U.S. is estimated at US$329.6 Million in the year 2020. The country currently accounts for a 28.81% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$517.9 Million in the year 2027 trailing a CAGR of 17.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 11.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR while Rest of European market (as defined in the study) will reach US$517.9 Million by the year 2027.

Competitors identified in this market include, among others:

  • ABB Group

  • Bartec GmbH

  • Electro - Flex

  • Ghanacon Products

  • Gulf Electroquip

  • Hilkar

  • NIDEC MOTORS & ACTUATORS GmbH

  • Omega Engineering, Inc.

  • Siemens AG

  • SINOMAS

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession

  • Global Competitor Market Shares

  • Motor Space Heater Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 32

For more information about this report visit https://www.researchandmarkets.com/r/8zmgn8

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900