Press release
Portable Electric Heaters Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Pool Loungers
The growing focus on energy efficiency is expected to drive the portable electric heaters market. Energy efficiency aims to minimize energy consumption while maintaining performance, and increasing awareness of its benefits is pushing demand for energy-saving products. Portable electric heaters can be used efficiently to heat specific rooms, reducing energy waste. The International Energy Agency reported that global investments in energy efficiency, such as building renovations and electric car infrastructure, totaled $560 billion in 2022, a 16% rise from 2021. As awareness of energy efficiency grows, so does the demand for portable electric heaters.
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What is the projected compound annual growth rate (CAGR) of the portable electric heaters market from 2025 to 2034, and what factors influence it?
The portable electric heaters market has grown significantly in recent years. It will grow from $10.3 billion in 2024 to $10.99 billion in 2025, at a CAGR of 6.7%. Growth can be attributed to greater awareness of energy efficiency, rising urbanization, increasing energy costs, growing safety awareness, and an increased number of portable electric heaters.
The portable electric heaters market is expected to reach $14.07 billion by 2029, growing at a CAGR of 6.4%. Growth is driven by rising disposable income, greater demand for flexible heating solutions, concerns over greenhouse gas emissions, expanding residential and commercial construction activities, and increasing consumer preference for smart heating devices. Key trends include technological advancements, new product developments, smart technology integration, and remote control features in heating devices.
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How are the latest trends influencing the growth of the portable electric heaters market?
Companies in the portable electric heater market are focusing on innovative products like smart space heaters, which offer efficient, automated temperature management. For instance, in November 2023, Govee Life Technology Limited, a China-based manufacturer, launched a smart space heater featuring positive temperature coefficient (PTC) technology that quickly heats spaces to 77°F in just 2 seconds. The heater integrates smart controls, allowing users to manage it remotely through the Govee app or via voice commands with Alexa and Google Assistant.
What are the major segments of the portable electric heaters market and their role in driving growth?
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
Subsegments:
1) By Convector Heaters: Wall-Mounted Convector Heaters, Free-Standing Convector Heaters, Slimline Convector Heaters
2) By Oil-Filled Heaters: Column Oil Heaters, Panel Oil Heaters, Smart Oil-Filled Heaters
3) By Halogen Heaters: Compact Halogen Heaters, Oscillating Halogen Heaters, Multi-Tube Halogen Heaters
4) By Other Types: Ceramic Heaters, Infrared Heaters, Fan-Forced Heaters, Micathermic Heaters
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Which regions are key players in the growth of the portable electric heaters market?
North America was the largest region in the portable electric heaters market in 2024. 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.
Who are the key firms paving the way for growth in the 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
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What Is Covered In The Portable Electric Heaters Global Market Report?
•Market Size Forecast: Examine the portable electric heaters market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the portable electric heaters market for a structured understanding.
•Key Players Overview: Analyze major players in the portable electric heaters market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the portable electric heaters market.
•Segment Contributions: Evaluate how different segments drive overall growth in the portable electric heaters market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the portable electric heaters market.
•Industry Challenges: Identify potential risks and obstacles affecting the portable electric heaters market.
•Competitive Landscape: Review strategic developments in the portable electric heaters market, including expansions, agreements, and new product launches.
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