What is Global Electric Space Heater Market?
The Global Electric Space Heater Market is a vast and dynamic sector that encompasses a wide range of products designed to provide warmth in indoor and outdoor spaces. These heaters, powered by electricity, are used in various settings, from residential homes to commercial establishments. The market's value was estimated at US$ 2762.8 million in 2022, and it is projected to grow to US$ 3245.7 million by 2029. This growth is driven by several factors, including technological advancements, increasing demand for energy-efficient heaters, and changing climatic conditions. However, the market is also faced with several challenges, such as high energy consumption and safety concerns. Despite these challenges, the market continues to evolve, offering new opportunities for manufacturers and consumers alike.
Convector Heater, Radiant Heater in the Global Electric Space Heater Market:
The Global Electric Space Heater Market is segmented into different types of heaters, including Convector Heaters and Radiant Heaters. Convector Heaters are the most popular type, accounting for over 90% of the market share. These heaters work by heating the air in a room, which then circulates and distributes the heat evenly. They are known for their efficiency and are commonly used in homes and offices. On the other hand, Radiant Heaters work by emitting infrared radiation that directly heats objects and people in its path. While they are less common than Convector Heaters, they are preferred in outdoor settings or large spaces where immediate heat is required. Both types of heaters have their advantages and disadvantages, and the choice between them depends on the specific needs and preferences of the user.
Residential, Commercial in the Global Electric Space Heater Market:
The usage of electric space heaters varies across different sectors. In the residential sector, these heaters are used to provide supplemental heat in homes, especially during the cold winter months. They are popular due to their portability, ease of use, and ability to heat specific areas or rooms. In the commercial sector, electric space heaters are used in various establishments such as offices, restaurants, hotels, and shops. They are used to provide a comfortable environment for customers and employees. Despite their widespread use, it is important to note that electric space heaters should be used with caution due to the risk of fire and other safety hazards.
Global Electric Space Heater Market Outlook:
The Global Electric Space Heater Market is dominated by a few key players, with the top three companies holding over 20% of the market share. North America is the largest market for electric space heaters, accounting for about 40% of the global market. This is followed by China and Europe, which hold about 30% and 20% of the market share, respectively. The dominance of these regions can be attributed to the cold climatic conditions and the high demand for energy-efficient heating solutions. In terms of application, residential use is the largest segment, accounting for about 85% of the market. This can be attributed to the increasing demand for cost-effective and energy-efficient heating solutions in homes.
| Report Metric | Details |
| Report Name | Electric Space Heater Market |
| Accounted market size in 2022 | US$ 2762.8 in million |
| Forecasted market size in 2029 | US$ 3245.7 million |
| CAGR | 2.3% |
| 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 | GlenDimplex, Midea Group, Hearth & Home Technologies, Singfun, Panasonic, Thermor, Twin-Star International, Gree, Airmate, De'Longhi, Noirot, Lasko, Stiebel Eltron, Zehnder Group, TCL, Haier, Aux Group, Ningbo Kadeer Electrical Appliances, FOSHAN SHUNDE HONGJIN ELECTRIC CO., LTD, Smartmi, Changhong |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
