Press release
Rising Awareness Of Energy Efficiency Driving Growth In Portable Electric Heaters Market: Key Factor Driving The Growth In The Portable Electric Heaters Market
Portable Electric Heaters Market
What Is the Expected Portable Electric Heaters Market Size During the Forecast Period?
The portable electric heaters market has experienced solid growth in recent years. It is expected to rise from $10.3 billion in 2024 to $10.99 billion in 2025, reflecting a CAGR of 6.7%. Contributing factors include increased awareness of energy efficiency, rising urbanization, higher energy costs, greater safety awareness, and a growing number of portable electric heaters.
The portable electric heaters market is expected to grow to $14.07 billion by 2029 at a CAGR of 6.4%. The growth is attributed to rising disposable income, increasing demand for flexible heating solutions, environmental concerns about greenhouse gas emissions, growth in residential and commercial construction, and a preference for smart and connected heating devices. Trends include technological advancements, product development, integration of smart technologies, diversification of heating solutions, and remote control features.
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What Are the High-Growth Segments in the Portable Electric Heaters Market?
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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What Key Drivers Are Expected to Influence Future Portable Electric Heaters Market Growth?
The increasing focus on energy efficiency is expected to boost the portable electric heaters market. Growing awareness of energy efficiency, driven by environmental and financial concerns, is encouraging the use of portable electric heaters to heat specific areas efficiently. For instance, the International Energy Agency reported a 16% increase in global investments in energy efficiency in 2022. As awareness around energy efficiency grows, the demand for portable electric heaters rises.
Which Companies Hold the Largest Share Across Different Portable Electric Heaters Market Segments?
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
What Portable Electric Heaters Market Trends Are Gaining Traction Across Different Segments?
Companies in the portable electric heater market are innovating with smart space heaters to offer more efficient and automated heating solutions. These devices use advanced technology for fast and efficient temperature control. For instance, Govee Life Technology Limited, a China-based company, launched a smart space heater in November 2023. Featuring Positive Temperature Coefficient (PTC) technology, the heater can warm up spaces quickly and be controlled remotely via a mobile app or voice commands through Alexa and Google Assistant.
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What Are the Emerging Geographies for The Portable Electric Heaters Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Portable Electric Heaters Market?
2. What is the CAGR expected in the Portable Electric Heaters Market?
3. What Are the Key Innovations Transforming the Portable Electric Heaters Industry?
4. Which Region Is Leading the Portable Electric Heaters Market?
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