Global Electric Space Heater Market Growth 2023-2029

Global Electric Space Heater Market Growth 2023-2029

Product Code:462865

Published Date: Feb 08,2023

Pages: 120

Region: Global

Category: Consumer Goods

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LPI (LP Information)' newest research report, the “Electric Space Heater Industry Forecast” looks at past sales and reviews total world Electric Space Heater sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Space Heater sales for 2023 through 2029. With Electric Space Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Space Heater industry.

This Insight Report provides a comprehensive analysis of the global Electric Space Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Space Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Space Heater market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Space Heater and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Space Heater.

The global Electric Space Heater market size is projected to grow from US$ 2702.7 million in 2022 to US$ 3187.7 million in 2029; it is expected to grow at a CAGR of 3187.7 from 2023 to 2029.

Global key players of Electric Space Heater include GlenDimplex, Midea Group, etc. Global top 3 companies hold a share over 20%. North America is the largest market, with a share about 40%, followed by China and Europe with the share about 30% and 20%. In terms of product, Convector Heater is the largest segment, with a share over 90%. And in terms of application, the largest application is Residential use, with a share about 85%.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Space Heater market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Convector Heater
    Radiant Heater

Segmentation by application
    Residential
    Commercial

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Space Heater market?
What factors are driving Electric Space Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Space Heater market opportunities vary by end market size?
How does Electric Space Heater break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?