Space Heaters Market - Dynamics, Comprehensive Analysis, Business Growth, Prospects and Opportunities 2024Space heaters account for a large proportion of the energy consumption of residential consumers. Space heaters consume more energy than any other residential activity such as lighting, refrigeration, and cooking.
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People are increasingly investing on space heaters as they complement heating systems and can be utilized to heat small areas. The space heaters market is segmented into types and geography. On the basis of types, the market is segregated into ceramic heaters, fan heaters, convection heaters, and radiant heaters.
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The growing penetration of electronic devices in emerging countries is one of the key factors likely to propel the growth of the market during the forecast period. In addition, the recent increase in per capita income is expected to augment the adoption of electric and technologically upgraded products over the forecast period.
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Improvements in the capabilities of installers are expected to drive the growth of this market. Moreover, it has been observed that installers are maximizing their online presence and collaborating with vendors to capitalize on every possible means of increasing their visibility for consumers.
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