Oil-filled electric heaters provide efficient and consistent heating, as the oil retains and distributes heat effectively. They are energy-efficient, converting electricity into heat with minimal loss. Additionally, these heaters offer a silent operation, making them ideal for bedrooms or quiet spaces. Their portable nature allows for easy relocation, providing targeted heating where needed. The sealed design ensures safety by eliminating the risk of oil leakage. Moreover, oil-filled heaters have a longer lifespan than other heaters, contributing to their cost-effectiveness and sustainability.
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Data Bridge Market Research analyses the North America Oil Filled Electric Heaters Market was valued at USD 39,936.44 thousand in 2022 and is expected to reach USD 62,698.14 thousand by 2030, registering a CAGR of 5.80% during the forecast period of 2023-2030. The market is driven by the region's diverse climate conditions, especially in areas with extremely cold winters, prompting a heightened demand for reliable heating solutions.
Key Findings of the Study
Increasing government regulations and incentives is expected to drive the market's growth rate
Government regulations and incentives are significant drivers in the North America oil filled electric heaters market. Regulatory initiatives promoting energy efficiency and environmentally friendly heating solutions are crucial in shaping consumer choices. Oil-filled electric heaters gain favor among consumers as they align with stringent energy efficiency standards. The eligibility of these heaters for government incentives further incentivizes their adoption. Consumers will likely be drawn towards oil-filled electric heaters for their efficient heating capabilities and the potential cost savings and environmental benefits associated with complying with established regulations and qualifying for government incentives.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Residential, Commercial), Product (Portable, Fixed), Distribution Channel (Departmental Stores, Specialty Stores, Online, Supermarkets and Hypermarkets, Others)
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Countries Covered
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U.S., Canada, and Mexico in North America
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Market Players Covered
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H2 Brands Group (U.S.), NewAir (U.S.), Ningbo Konwin Electrical Appliances Co., Ltd. (China), De’ Longhi Appliances S.r.l. (Italy), Costway.com, Inc. (U.S.), Pelonis Technologies, Inc. (U.S.), Optimus Enterprise, Inc. (U.S.), Lorell Office Furniture (U.S.), Honeywell International Inc. (U.S.), Sencor (U.S.), Glen Dimplex Americas (Ireland), homeleader (China)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
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Segment Analysis:
The North America oil filled electric heaters market is segmented on the basis of application, product and distribution channel.
- On the basis of application, the North America oil filled electric heaters market is segmented into residential, and commercial
- On the basis of product, the North America oil filled electric heaters market is segmented into portable, and fixed
- On the basis of distribution channel, the North America oil filled electric heaters market is segmented into departmental stores, specialty stores, online, supermarkets and hypermarkets, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America oil filled electric heaters market players in North America oil filled electric heaters market are H2 Brands Group (U.S.), NewAir (U.S.), Ningbo Konwin Electrical Appliances Co., Ltd. (China), De’ Longhi Appliances S.r.l. (Italy), Costway.com, Inc. (U.S.)
Market Developments
- In 2023, Havells India collaborated with the Swedish tech startup Blixt Tech AB. This collaboration marked a significant milestone in the Indian and global electrical industry. The focus of the collaboration was the introduction of Solid State Circuit Breaker (SSCB) technology into the domestic market. By leveraging the innovative solutions from Blixt Tech AB, Havells aimed to reshape the future landscape of the electrical industry, emphasizing advancements in circuit breaker technology
- In 2022, Watlow, a prominent designer and manufacturer of industrial thermal systems, completed the acquisition of Eurotherm from Schneider Electric Company. This strategic move aligned seamlessly with Watlow's vision of delivering cutting-edge thermal products and technologies. Eurotherm, recognized as a premier provider in temperature, power, and process control, offered a comprehensive suite of equipment, systems, software, and services for global industrial markets. The acquisition bolstered Watlow's commitment to innovation and strengthened its position as a leader in the industrial thermal solutions sector
- In 2021, H2 Band Group made significant strides in the e-commerce sector with the launch of its new B2B e-commerce site. The platform, built on Unilog's digital commerce infrastructure, was introduced in April of that year. Notably, the launch included a unique feature enabling sales professionals to log in as consumers. This allowed them to actively assist customers in building a cart of recommended items for purchase, enhancing the overall customer experience. The successful launch enabled H2 Band Group to expand its footprint in the e-commerce domain
- In 2020, De’ Longhi Appliances S.r.l. embarked on a significant expansion by acquiring a new production plant in Romania. The acquired site comprised two buildings spanning around 25,000 square meters. Equipped with operational injection machines and expanded polystyrene (EPS) production facilities, the new location played a pivotal role in De’ Longhi's growth strategy. Approximately 500 workers were employed at the facility. The strategic move was driven by the company's commitment to pursuing market growth and enhancing its manufacturing capabilities
Regional Analysis
Geographically, the countries covered in the North America oil filled electric heaters market report are U.S., Canada, and Mexico in North America
As per Data Bridge Market Research analysis:
The U.S. is the dominant region in North America oil filled electric heaters market during the forecast period 2023-2030
The U.S. dominates the market, driven by its sizable population and the increasing adoption of electric space heaters. The diverse climate conditions across the country, coupled with a growing awareness of energy efficiency and safety features, contribute to the popularity of oil-filled heaters. Consumers in the U.S. appreciate the ease of use, portability, and targeted heating capabilities offered by these heaters. Additionally, market trends, technological advancements, and evolving consumer preferences shape the prominence of oil-filled electric heaters in the U.S. as they provide an effective and convenient solution for maintaining warmth in homes and offices.
Canada is estimated to be the fastest-growing region in North America oil filled electric heaters market for the forecast period 2023-2030
Canada is expected to grow during the forecast period in the market due to the country's severe winter conditions and diverse geographic landscape. The extremely cold climate necessitates reliable heating solutions, making oil-filled electric heaters popular due to their efficiency and ability to provide consistent warmth. The heaters' adaptability to various living spaces, from urban apartments to larger rural homes, aligns with Canada's geographic distribution. The preference for portable and energy-efficient heating solutions, coupled with safety considerations, underscores the suitability of oil-filled electric heaters for the Canadian market.
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