The portable electric heaters global market report 2024 from The
Business Research Company provides comprehensive market statistics,
including global market size, regional shares, competitor market share,
detailed segments, trends, and opportunities. This report offers an
in-depth analysis of current and future industry scenarios, delivering a
complete perspective for thriving in the industrial automation software
market.
Portable Electric Heaters Market, 2024 report by The
Business Research Company offers comprehensive insights into the current
state of the market and highlights future growth opportunities.
Market Size -
The portable electric heaters market size has grown strongly in recent
years. It will grow from $9.69 billion in 2023 to $10.3 billion in 2024
at a compound annual growth rate (CAGR) of 6.3%. The growth in the
historic period can be attributed to increasing awareness of energy
efficiency, increasing urbanization, rising energy costs, increased
awareness of safety, growing number of portable electric heaters.
The portable electric heaters market size is expected to see strong
growth in the next few years. It will grow to $13.23 billion in 2028 at a
compound annual growth rate (CAGR) of 6.5%. The growth in the forecast
period can be attributed to rising disposable income, increased demand
for flexible heating solutions, increasing concerns about greenhouse gas
emissions, growing residential and commercial construction activities,
rising consumer preference for smart and connected heating devices.
Major trends in the forecast period include technological advancements,
product development, integration of smart technologies, diversification
of heating technologies, integration of features such as remote control.
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Scope Of Portable Electric Heaters Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers -
The increasing awareness about energy efficiency is expected to propel
the growth of the portable electric heaters market going forward. Energy
efficiency refers to the ability of a system or device to perform its
intended function with minimal energy consumption, effectively reducing
waste and cost. The increasing awareness about energy efficiency stems
from several factors, including environmental benefits, financial
savings, and alignment with sustainability goals. Portable electric
heaters can be required for energy efficiency when used selectively to
heat specific zones or rooms, minimizing overall energy consumption
compared to heating the entire home or office space. For instance, in
December 2022, according to the International Energy Agency (IEA), a
France-based organization, global investments in energy efficiency,
including building renovations, public transport, and electric car
infrastructure, reached USD 560 billion in 2022, marking a 16% increase
compared to 2021. In 2022, initial findings suggest that global energy
efficiency improved by 2%, a rate nearly four times faster than the
previous two years and almost double that of the past five years. The
portable electric heaters market was valued at approximately $3.5
billion in 2023 and is projected to reach around $3.9 billion in 2024,
further increasing to an estimated $5 billion by 2028. Therefore, the
increasing awareness about energy efficiency is driving the growth of
the portable electric heaters market.
Market Trends -
Major companies operating in the portable electric heaters market are
developing energy efficient heater models that integrate advanced
technologies such as efficient heating elements, smart temperature
controls, and enhanced insulation. An energy-efficient electric heater
utilizes advanced heating elements, precise temperature controls,
insulated housing, and smart features, collectively contributing to
significant energy savings and environmental benefits compared to
traditional electric heaters. For instance, in June 2021, Airtècnics, a
Spain- based company launched a new model of industrial heater.
Airtècnics' fan heaters stand out for their robustness and versatility,
efficiently heating large, open spaces quickly, particularly in
challenging industrial environments. Ideal for temporary use, such as in
construction sites, and easily portable between locations, they boast a
substantial heating capacity of up to 22 kW, achieved through a water
battery that heats air passing through it. Airtècnics is currently
testing a new portable model equipped with an electric battery for
increased autonomy. Notably, these heaters prioritize energy efficiency
with the Ecofit EC fan, ensuring effective heat distribution while
minimizing energy consumption.
The portable electric heaters market covered in this report is segmented –
1) By Type: Convector Heaters, Oil-Filled Heaters, Halogen Heaters, Other Types
2) By Distribution Channel: Direct Sales, Indirect Sales
3) By Application: Residential, Commercial, Industrial
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Regional Insights -
North America was the largest region in the portable electric heaters
market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the portable
electric heaters market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies in the market are Honeywell International Inc., De
Longhi Appliances Srl, Crane Holdings Co., Lasko Products LLC, Dimplex
North America Ltd., Dyson Corp., Vornado Air LLC, Duraflame Inc., Cadet
Manufacturing Co., Rowenta, NewAir, Insignia Pty Ltd., GHP Group Inc.,
The Holmes Group Inc., Soleus Air, Sunpentown International Inc.,
Lifesmart Inc., Pelonis Technologies Inc., Comfort Glow Heating, Pro
Breeze Ltd., SPT Corp., Bionaire Inc., Comfort Zone, Stadler Form,
TaoTronics
Table of Contents
1. Executive Summary
2. Portable Electric Heaters Market Report Structure
3. Portable Electric Heaters Market Trends And Strategies
4. Portable Electric Heaters Market – Macro Economic Scenario
5. Portable Electric Heaters Market Size And Growth
…..
27. Portable Electric Heaters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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