Press release
Outdoor Heating Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
The Business Research Company offers in-depth market insights through Outdoor Heating Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The outdoor heating market size has grown strongly in recent years. It will grow from $3.83 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in outdoor living spaces, rising popularity of outdoor entertaining, hospitality industry demand, home improvement and renovation trends, climate variability and seasonal use.
The outdoor heating market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to focus on home outdoor comfort, rise in outdoor dining preferences, hospitality industry recovery, urbanization and limited indoor spaces, awareness of health and wellness outdoors. Major trends in the forecast period include integration of smart and connected features, versatile fuel options and hybrid heating systems, focus on safety features and compliance, innovations in tabletop and decorative heating, year-round outdoor living solutions.
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Market Segmentation:
The outdoor heating market covered in this report is segmented -
1) By Types: Portable, Standalone Heaters, Tabletop, Mountable
2) By Fuel Type: Electric, Gas or Propane, Wood and Solid Fuel
3) By Applications: Restaurant Patios, Rooftop Decks, Transit Shelters, Public Spaces
4)By End-User: Residential, Commercial
Major Driver - Growing Demand For Outdoor Heating Fueled By Consumer Adoption Of Electric Heaters
The adoption of electric heaters by consumers is expected to drive the growth of outdoor heating going forward. Electric heaters are electric heating appliances that use electrical energy as an input power source and transform that energy into thermal energy to warm the air or objects in a specific location. An electric heating system is used for temperature and humidity control in a building, planting in cold areas, hotels, and restaurants. Home electric heaters are safe to use, consume less electricity, and continue to produce heat for a long period after being switched off. For instance, according to Growth from Knowledge (GfK), a Germany based provider of data and intelligence to the consumer goods industry, A whopping 958,000 electric heaters have been sold in Germany since the beginning of 2022. The volume of electric heater sales in the German market has jumped by 76% in January-August 2022 over the same period a year earlier. Therefore, the adoption of electric heaters by consumers is driving the growth of the outdoor heating market.
Competitive Landscape:
Major companies operating in the outdoor heating market report are Rinnai Corporation, Tansun Corporation, Bond Manufacturing Co, Blue Rhino Enterprises LLC, Schwank Ltd., Infrared Dynamics Inc., Lynx Grills Inc., Bromic Heating Ltd., Mr. Heater Corporation, Napoleon Heating & Cooling Inc., Enders Produktion GmbH, Outdoor GreatRoom Company LLC, Infralia Inc., Fire Sense Technologies Inc., Calcana Industries Ltd., Wolf Steel Ltd., Dayva International LLC, Heininger Holdings LLC, Sunheat International Inc., Sunglo Awnings & Heaters Inc., Patio Comfort LLC, AEI Corporation, EnerG+ Corporation, Lava Heat Italia LLC, patioSchwank Holdings Inc., Solaira Heaters Inc., Heatstrip Industries LLC, Infratech Systems Corporation, IR Energy Inc., Sunpak Technologies LLC, Schiller Grounds Care Inc., BioLite Innovations LLC
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Top Trend - Product Launches Reshaping The Landscape Of Outdoor Heating
Major companies in the outdoor heating market are focusing on product launches, such as heat pumps, to replace gas or oil boilers in houses. A heat pump is a mechanical device that transfers heat from one location to another, typically extracting warmth from the outside environment and delivering it inside for heating or vice versa for cooling. For instance, in August 2023, Daikin Industries Ltd., a Japan-based multinational company that manufactures air conditioners and refrigerants, launched the New Daikin Altherma 3 R MT heat pump. This pump stands out in the outdoor heating market with its versatility and efficiency. Tailored for heating system renovations, its features, including boiler replacement capability, wide operating range in harsh winters, high energy efficiency, and space-saving design, collectively make it an invaluable solution for upgrading and modernizing residential heating systems, ensuring optimal comfort and environmental sustainability in diverse settings.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Outdoor Heating Market Characteristics
3. Outdoor Heating Market Trends And Strategies
4. Outdoor Heating Market - Macro Economic Scenario
5. Outdoor Heating Market Size And Growth
…..
27. Outdoor Heating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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