Space Heater Market - By Product, By Technology, By Energy Source, By Application & Forecast, 2024

Description

The global space heater market is expected to grow at a CAGR of 5.9% during 2024-2032, driven by increasing demand for efficient and portable heating solutions.

According to the data published by UNICEF in 2022, A significant 38% of individuals identify household heating with non-renewable energy as the primary factor contributing to climate change. The rising awareness of energy efficiency is favoring the need for sustainable heating solutions. Consumers are increasingly opting for space heaters that offer precise temperature control and are designed to minimize energy consumption.

There is growing emphasis on portable heating devices, allowing users to heat specific areas without the need to centralize heating systems, thus contributing to energy savings. The surge in demand for smart home solutions is also influencing the market, with space heaters being integrated into home automation systems for enhanced convenience and control.

The overall space heater industry is classified based on product, technology, energy source, application, and region.

The surface mounted technology (SMT) segment is poised to grow effectively till 2032 due to its compact size and advanced design. These heaters can be integrated into various electronic devices, making them ideal for applications such as consumer electronics, automotive, and medical devices. The segment is witnessing significant growth as manufacturers focus on developing space heaters that not only provide effective heating but also align with the miniaturization trend in electronic devices, ensuring a more streamlined and efficient design.

The ceramic space heater segment is expected to grow at a decent pace through 2032, owing to its efficiency, safety, and versatility. The ceramic heating element heats up rapidly and is adept at maintaining a consistent temperature, providing a comfortable heating experience. Safety features such as overheat protection and tip-over switches further enhance the appeal of ceramic heaters. Moreover, as consumers prioritize safety and reliability, the product demand will surge.

Asia Pacific space heater market is anticipated to gain prominence during the study period, driven by rapid urbanization, colder climates in certain regions, and a growing middle-class population with increasing disposable income. The government initiatives promoting energy-efficient appliances and the need for solutions that provide localized heating in large, densely populated urban areas are bolstering the product adoption in various nation across the APAC region.

Product Code: 7775

Chapter 1 Methodology & Scope

1.1 Market scope and definitions
1.2 Market estimates & forecast parameters
- 1.2.1 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Space heater industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Technology trends
- 2.1.4 Energy source trends
- 2.1.5 Application trends
- 2.1.6 Regional trends

Chapter 3 Space Heater Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 COVID- 19 impact on the industry outlook
3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.2 Industry pitfalls & challenges
3.5 Growth potential analysis
3.6 Porter's analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
3.7 PESTEL Analysis

Chapter 4 Competitive Landscape, 2023

4.1 Strategic outlook
4.2 Innovation & sustainability landscape

Chapter 5 Space Heater Market, By Product (Units & USD Million)

5.1 Key trends, by product
5.2 Convection heater
5.3 Ceramic heater
5.4 Radiant & Infrared heater
5.5 Fan heater
5.6 Oil filled heater
5.7 Others

Chapter 6 Space Heater Market, By Technology (Units & USD Million)

6.1 Key trends, by technology
6.2 Portable
6.3 Surface-mounted

Chapter 7 Space Heater Market, By Energy Source (Units & USD Million)

7.1 Key trends, by energy source
7.2 Electric
7.3 Gas

Chapter 8 Space Heater Market, By Application (Units & USD Million)

8.1 Key trends, by application
8.2 Residential
8.3 Commercial

Chapter 9 Space Heater Market, By Region (Units & USD Million)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 Italy
- 9.3.3 France
- 9.3.4 Netherlands
- 9.3.5 Spain
- 9.3.6 Norway
- 9.3.7 UK
- 9.3.8 Sweden
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Thailand
- 9.4.7 Singapore
- 9.4.8 Malaysia
- 9.4.9 Philippines
- 9.4.10 Vietnam
- 9.4.11 Indonesia
9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Iran
- 9.5.4 Iraq
- 9.5.5 Turkey
- 9.5.6 South Africa
9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Chile
- 9.6.3 Argentina

Chapter 10 Company Profiles

10.1 DAIKIN INDUSTRIES, Ltd.
10.2 Duraflame, Inc.
10.3 Dyson
10.4 Energy Wise Solutions
10.5 Wayfair LLC
10.6 Honeywell
10.7 Lasko Products, LLC
10.8 Mill
10.9 Newell Brands
10.10 OPOLAR
10.11 Optimus Enterprise, Inc.
10.12 Rinnai Corporation
10.13 SUNHEAT International
10.14 Vornado Air, LLC
10.15 DeLonghi Appliances Srl
10.16 Midea
10.17 Sunbeam Products, Inc.
10.18 Domu Brands
10.19 Crane - USA
10.20 Twin Star Home
10.21 SquareTrade
10.22 Pelonis
10.23 Havells India Ltd.
10.24 Dr. Infrared Heater

Space Heater Market - By Product, By Technology, By Energy Source, By Application & Forecast, 2024 - 2032