What is Global Small Household Heating Equipment Market?
The Global Small Household Heating Equipment Market is a vast and dynamic sector that encompasses a variety of heating devices designed for small-scale residential use. These devices are specifically designed to provide warmth in a household setting, making them an essential commodity in regions with colder climates. The market includes a wide range of products such as electric heaters, small sun heaters, electric blankets, electric radiators, and others. Each of these products serves a unique purpose and caters to different consumer needs. Electric heaters, for instance, are portable devices that convert electrical energy into heat. They are commonly used in households due to their convenience and efficiency. Small sun heaters, on the other hand, are compact heating devices that emit infrared rays to provide warmth. They are popular for their energy-saving features and ability to provide instant heat. Electric blankets are another significant product in this market. These blankets have integrated electrical heating wires and are used to pre-heat the bed before sleeping or for continuous heating during cold nights. Electric radiators are also a part of this market. They are devices that use electricity to heat a room by circulating hot water or oil in a system of pipes or coils. Other products in this market include a variety of innovative heating devices designed for specific uses or consumer preferences.
Electric Heater, Small Sun Heater, Electric Blanket, Electric Radiator, Others in the Global Small Household Heating Equipment Market:
The Global Small Household Heating Equipment Market is not just limited to product types, but also extends to different sales channels. These include online sales and offline sales. Online sales refer to the purchase of these heating devices through various e-commerce platforms. This mode of purchase has gained significant popularity in recent years due to the convenience it offers. Consumers can browse through a wide range of products, compare prices, read reviews, and make a purchase, all from the comfort of their homes. Offline sales, on the other hand, refer to traditional brick-and-mortar stores. These include home appliance stores, department stores, and other retail outlets. Despite the rise of online shopping, offline sales still hold a significant share in the market. This is because many consumers prefer to physically inspect the product before making a purchase. Furthermore, offline stores also offer immediate product availability, which is a crucial factor for many consumers.
Online Sales, Offline Sales in the Global Small Household Heating Equipment Market:
As per a recent survey, the global Small Household Heating Equipment market is expected to see substantial growth in the coming years. The market, which was valued at US$ 873.2 million in 2022, is projected to reach a value of US$ 1336.6 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.3% during the period from 2023 to 2029. This growth can be attributed to several factors. The increasing demand for efficient and convenient heating solutions in households is a major driving force behind this growth. Additionally, technological advancements in the field of heating equipment, such as the development of energy-saving devices and smart heaters, are also contributing to the market's expansion. Furthermore, the rise in online sales due to the growing popularity of e-commerce is also expected to boost the market's growth.
| Report Metric | Details |
| Report Name | Small Household Heating Equipment Market |
| Accounted market size in 2022 | US$ 873.2 million |
| Forecasted market size in 2029 | US$ 1336.6 million |
| CAGR | 6.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Midea, AIEMATE, Changhong, Singfun, TCL, Dyson, Royalstar, Sampux, Haier |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
