Press release
Portable Electric Heaters Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033
Portable Electric Heaters Market
The new report published by The Business Research Company, titled Portable Electric Heaters Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, 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 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%.
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What Is Driving The Growth Of The Global Portable Electric Heaters Market?
Rising Awareness Of Energy Efficiency Driving Growth In Portable Electric Heaters Market
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 is due several factors such as environmental benefits, financial savings, 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. Therefore, the increasing awareness about energy efficiency is driving the growth of the portable electric heaters market.
What Is The Key Trend In The Global Portable Electric Heaters Market?
Advancements In Energy Efficiency Technologies In The Portable Electric Heaters Market
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.
How Is The Global Portable Electric Heaters Market Segmented?
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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How Is The Competitive Landscape Of The Global Portable Electric Heaters Market?
Major companies operating in the portable electric heaters 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
Contents Of The Global Portable Electric Heaters Market
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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