Global Space Heater Market, By Type (Convection Heaters, Ceramic Fan-Forced Heater, Radiant and Infrared Heater, Micathermic Panel Heater, Combination Heater), Application (Basement, Living Room, Offices, Bath Room, Bed Room), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Space Heater Market
Space heater market will expect to grow at a rate of 5.60% for the forecast period of 2021 to 2028. Space heater market report analyses the growth, which is currently being growing due to the increasing penetration of electronic devices in emerging countries.
A space heater is a system used to heat a single, small area, several linked areas, such as a house's rooms, are heated by central heating. Space heaters are powered by electricity or a burnable fuel, such as natural gas, propane, fuel oil, or wood pellets. Portable space heaters are normally electric, since heaters that burn fuel require a permanent exhaust. Space heaters consume more energy than any other residential activity such as lighting, refrigeration, and cooking.
The growing levels of disposable income of the people along with improving living standard of the consumer, increasing adoption of electric and technologically upgraded products, prevalence of improved and advanced distribution channel, surging levels of investment by the vendors to improve efficiency and offer improved services to customer, increase in the number of working members of families, rise in demand for highly-efficient, energy-saving, and safe domestic heating appliances, rising number of applications in residential and commercial heating market, increasing availability of wide variety of fan heaters are some of the major as well as vital factors which will likely to augment the growth of the space heater market in the projected timeframe of 2021-2028. On the other hand, increasing demand for high-priced space heaters, improvements in the capabilities of installers along with introduction of new and advanced products, surging levels of investment in research and development activities which will further contribute by generating massive opportunities that will lead to the growth of the space heater market in the above mentioned projected timeframe.
High operational costs associated with space heaters and the increased availability of rental space heaters which will likely to act as market restraints factor for the growth of the space heater in the above mentioned projected timeframe. Availability of substitutes such as solar and district heating systems which will become the biggest and foremost challenge for the growth of the market.
This space heater market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on space heater market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Space Heater Market Scope and Market Size
Space heater market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the space heater market is segmented into convection heaters, ceramic fan-forced heater, radiant and infrared heater, micathermic panel heater, and combination heater.
- Space heater market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for space heater market includes basement, living room, offices, bath room, and bed room.
Space Heater Market Country Level Analysis
Space heater market is analysed and market size, volume information is provided by country, type, application as referenced above.
The countries covered in the space heater market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The U.K. and Germany dominates the Europe space heater market due to the increasing spending on space heaters to complement centralized heating systems along with prevalence of cold climatic conditions in the region. The U.S., and Canada is expected to hold the largest growth rate in the North America space heater market during the forecast period of 2021-2028 due to the increasing consumer awareness regarding energy optimization in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Space Heater Market Share Analysis
Space heater market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to space heater market.
The major players covered in the space heater market report are De’Longhi Appliances S.r.l.; Lasko Products, LLC; Sunbeam Products, Inc.; DOMU Brands Ltd.; Crane - USA.; Dr. Heater USA; Homeleader; American Comfort; Honeywell International Inc.; Vornado Air, LLC.; Twin Star Home.; SquareTrade; Energy Wise Solutions; Optimus Enterprise, Inc.; Pelonis Technologies, inc.; Dyson; Rinnai America Corporation.; Sunpentown Inc.; DAIKIN INDUSTRIES, Ltd.; Midea Group.; Newell Brands; SUNHEAT INTERNATIONAL.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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