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Global Electric Wall Heaters Market In-depth Based on Size, Growth and Revenue with Top Competitors The Stiebel Eltron Group, Broan-Nutone, Cadet, Williams, King Electric, Stiebel Eltron, Fahrenheat, Dyna-Glo, Broan, FLAMELUX, WarmlyYours, Reddy Heater, P
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The global Electric Wall Heaters Market is projected to grow steadily under the influence of increased adoption of energy efficient residential as well as industrial appliances. As electrical heating systems are more efficient than conventional plumbed heating, demand for electric wall heaters is persistently rising. In addition, 100% efficiency in terms of energy conversion leaves behind zero energy wastage, making electric wall heaters more suitable for modern sustainable construction projects.
Energy Efficiency: A Prime Factor Fuelling the Demand
Manufacturers are introducing energy efficient electric wall heaters that accommodate consumers’ budget restraints by power cost savings. With the implementation of advanced technology, manufacturers are introducing products that use less energy while delivering better heating experience. With the implementation of smart sensors, the power supply is auto adjusted that complements room temperature as well as power input. Additionally, modern electric wall heaters can be powered by solar panels or other renewable energy resources. Based on this, energy efficiency is one of the prime factor influencing expansion of the global electric wall heaters market.
Operational Comfort to Gain Consumer Traction
While the older design fans were with a base noise, due to implementation of new motor designs, modern electric wall heaters are quieter. Smart thermostats automatically adjust the fan speed while eliminating broad temperature swings. Along with the popular digital screen display and remote control options, modern electric wall heaters are provided with tamperproof settings to set maximum and minimum temperatures. In addition, pre-set mode allows pre-programmed setting of night or day temperatures in prior, particularly for cases such as away from the room or house. A combination of efficiency and ease of operation delivers more comfortable experience to consumers. Thus, growth of the global electric wall heaters market is largely driven by operational efficiency feedback of particular products.
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Easier and Affordable Installation: An Add-On Benefit
Advances in design and technology have made the modern electric wall heaters more compact and efficient. As a result of which, the wall heaters are compact and completely factory wired with the electric heating unit that requires only single source power supply connection. These advances have led to easier installation with reduced time as well as cost consumption. This further assists in case of repair and maintenance with easy access to the control components.
Key Company Developments in the Global Electric Wall Heaters Market
The Stiebel Eltron Group, a Germany-based leader of heating product manufacture including electric wall heaters has recently acquired Danfoss Värmepumpar AB (Thermia), a leading heat pump supplier. Thermia’s strong position in global market will assist Stiebel to expand its business.
Last year Broan-Nutone, a leader in heater and ventilator manufacturing, moved work from Toronto, Canada to Hartford to enhance its existing warehouse capacity by two fold. With the implementation of automation technology, the production efficiency at Hartford facility was projected to increase after this transfer.
Key Companies in the global electric wall heaters market are Cadet, Williams, King Electric, Stiebel Eltron, Fahrenheat, Dyna-Glo, Broan, FLAMELUX, WarmlyYours, Reddy Heater, ProCom, and Eco-Heater among others.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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