What is Global Residential Patio Heaters Market?
The Global Residential Patio Heaters Market is a vast and dynamic sector that encompasses a wide range of products designed to provide outdoor heating for residential spaces. These heaters are typically used in patios, decks, and other outdoor living areas to extend the usability of these spaces into colder seasons. The market is driven by factors such as the increasing popularity of outdoor living, the rise in disposable income, and the growing trend of home improvement and renovation. The market is also influenced by technological advancements that have led to the development of energy-efficient and eco-friendly patio heaters. The global market is diverse and includes various types of patio heaters such as propane, electric, and natural gas heaters, each with its unique features and benefits.
Propane, Electric, Natural Gas in the Global Residential Patio Heaters Market:
The Global Residential Patio Heaters Market is segmented based on the type of fuel used: propane, electric, and natural gas. Propane patio heaters are popular for their portability and ease of use. They are ideal for areas where there is no access to natural gas or electricity. Electric patio heaters, on the other hand, are known for their efficiency and safety. They are easy to install and require minimal maintenance. Natural gas patio heaters are preferred for their high heat output and cost-effectiveness. They are typically permanently installed and require a natural gas line. Each of these types has its advantages and disadvantages, and the choice depends on the specific needs and preferences of the consumer.
Courtyard, Garage, Other in the Global Residential Patio Heaters Market:
The usage of patio heaters varies based on the area of application. In the courtyard, patio heaters can create a warm and cozy atmosphere, making it a perfect place for family gatherings or parties. In the garage, they can provide the necessary warmth for those who use this space for activities like woodworking or car repair, especially during the colder months. Other areas where patio heaters are used include balconies, terraces, and outdoor restaurants. The versatility of patio heaters makes them an excellent investment for homeowners looking to make the most of their outdoor spaces.
Global Residential Patio Heaters Market Outlook:
Looking at the market outlook, in 2023, the Global Residential Patio Heaters Market was valued at a substantial US$ 125 million. The market is projected to experience a steady growth, with expectations to reach a value of US$ 171.6 million by 2030. This growth trajectory translates to a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2024 to 2030. This steady growth is a testament to the increasing demand for residential patio heaters globally, driven by factors such as changing lifestyle trends, increasing focus on outdoor living, and advancements in patio heater technology.
| Report Metric | Details |
| Report Name | Residential Patio Heaters Market |
| Accounted market size in 2023 | US$ 125 million |
| Forecasted market size in 2030 | US$ 171.6 million |
| CAGR | 4.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Bond Manufacturing, AZ Patio Heaters, AmazonBasics, Napoleon, Blue Rhino, Lava Heat Italia, Bromic Group, Dayva, Infratech, Lynx Grills, Solaira, Infrared Dynamics |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
