PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535634
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535634
Residential Space Heater Market - By Product (Convection Heater, Ceramic Heater, Radiant & Infrared Heater, Fan Heater, Oil Filled Heater), By Technology, By Energy Source, By Regional Outlook & Forecast, 2024 - 2032
Residential Space Heater Market size is projected to record 5.7% CAGR from 2024 to 2032, due to ongoing acquisitions and technological advancements.
Companies are integrating new technologies and acquiring innovative firms to enhance the efficiency and functionality of space heaters. This is leading to the development of smarter and more energy-efficient models to offer improved temperature control and user convenience. The design and performance of space heaters are also being refined with increasing advancements for incorporating features, such as advanced sensors and connectivity options. For instance, in January 2024, Laars Heating Systems acquired Electro Industries Inc. for enhancing its residential space heaters. This acquisition fostered innovations and efficiency in heating solutions for contributing to advancements in residential heating technologies.
The overall market is segregated into product, energy source, technology, and region.
In terms of product, the oil-filled heater segment in the residential space heater market is expected to record significant CAGR from 2024 to 2032 due to their efficient and consistent heat output. These heaters deploy oil as a thermal reservoir for providing a steady and comfortable warmth even after they are turned off. Rising advancements in technology, such as improved thermostats and energy-saving features for enhancing their performance and user convenience will contribute to the segment growth.
By energy source, the residential space heater industry share from the gas segment is projected to rise from 2024 to 2032, driven by increasing consumer demand for providing efficient and powerful heating solutions. Modern gas heaters offer improved capabilities with advanced combustion technology and enhanced safety features for offering reliable warmth and quick heat-up times. Gas heaters are also integrating more sophisticated controls and energy-saving systems to optimize performance and reduce emissions.
Regionally, the North America residential space heater market size is projected to exhibit robust growth between 2024 and 2032, fueled by the rising urbanization and increasing disposable incomes. As more people are moving to urban areas, the demand for efficient and effective heating solutions is increasing. Simultaneously, higher disposable incomes are enabling consumers to invest in advanced space heaters that offer improved performance and comfort. The increasing developments will also support the ongoing demand for residential heating solutions to cater to modern living conditions and consumer preferences in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Market estimates & forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Strategic outlook
- 4.2 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Product (USD Million & '000 Units)
- 5.1 Key trends
- 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 Market Size and Forecast, By Technology (USD Million & '000 Units)
- 6.1 Key trends
- 6.2 Portable
- 6.3 Surface-mounted
Chapter 7 Market Size and Forecast, By Energy Source (USD Million & '000 Units)
- 7.1 Key trends
- 7.2 Electric
- 7.3 Gas
Chapter 8 Market Size and Forecast, By Region (USD Million & '000 Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 Italy
- 8.3.3 France
- 8.3.4 Netherlands
- 8.3.5 Spain
- 8.3.6 Norway
- 8.3.7 UK
- 8.3.8 Sweden
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Thailand
- 8.4.7 Singapore
- 8.4.8 Malaysia
- 8.4.9 Philippines
- 8.4.10 Vietnam
- 8.4.11 Indonesia
- 8.5 Middle East & Africa
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 Iran
- 8.5.4 Iraq
- 8.5.5 Turkey
- 8.5.6 South Africa
- 8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Chile
- 8.6.3 Argentina
Chapter 9 Company Profiles
- 9.1 Crane - USA
- 9.2 DAIKIN INDUSTRIES, Ltd.
- 9.3 DeLonghi Appliances Srl
- 9.4 Domu Brands
- 9.5 Dr. Infrared Heater
- 9.6 Duraflame, Inc.
- 9.7 Dyson
- 9.8 Energy Wise Solutions
- 9.9 Havells India Ltd.
- 9.10 Honeywell
- 9.11 Lasko Products, LLC
- 9.12 Midea
- 9.13 Mill
- 9.14 Newell Brands
- 9.15 OPOLAR
- 9.16 Optimus Enterprise, Inc.
- 9.17 Pelonis
- 9.18 Rinnai Corporation
- 9.19 SquareTrade
- 9.20 Sunbeam Products, Inc.
- 9.21 SUNHEAT International
- 9.22 Twin Star Home
- 9.23 Vornado Air, LLC
- 9.24 Wayfair LLC
