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Residential Space Heater Market Share

Report ID: GMI9793
Published Date: Jun 2024
Report Format: PDF

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Residential Space Heater Market Share

Residential Space Heater Company Market Share Analysis, 2023

Honeywell operates as one of the leaders in technology and innovation, offers a diverse range of space heaters designed to provide efficient and reliable heating solutions for residential and commercial spaces. The company’s heaters are engineered with cutting-edge technology to ensure optimal performance and safety. These heaters come in various models, including ceramic, infrared, and oil-filled radiators, catering to different heating needs and preferences.

Equipped with advanced features including programmable thermostats, multiple heat settings, and overheat protection, it delivers warmth with precision and peace of mind. Whether it's for supplemental heating in a single room or maintaining comfort in larger areas, Honeywell's space heaters are trusted for their quality, reliability, and energy efficiency.

Residential Space Heater Market Companies

The key industry players include:

Crane - USA
DAIKIN INDUSTRIES, Ltd.
DeLonghi Appliances Srl
Domu Brands
Dr. Infrared Heater
Duraflame, Inc.
Dyson
Energy Wise Solutions
Havells India Ltd.
Honeywell
Lasko Products, LLC
Midea
Mill
Newell Brands
OPOLAR
Optimus Enterprise, Inc.
Pelonis
Rinnai Corporation
SquareTrade
Sunbeam Products, Inc.
SUNHEAT International
Twin Star Home
Vornado Air, LLC
Wayfair LLC

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Residential space heater industry size was USD 5.5 billion in 2023 and will grow at a 5.7% CAGR between 2024 and 2032, driven by increasing demand for energy-efficient heating solutions and rising awareness of environmental sustainability.

Ceramic residential space heater industry will surpass USD 1.5 billion by 2032, primarily due to its compact size, lightweight design, superior energy efficiency, and safety features.

Asia Pacific residential space heater industry will exceed USD 3 billion by 2032, propelled by rapid urbanization, changing climatic conditions, and increasing disposable incomes across the region.

Some of the key residential space heater industry players are Duraflame, Inc., Dyson, Energy Wise Solutions, Havells India Ltd., Honeywell, Lasko Products, LLC, Midea, Mill, Newell Brands, and OPOLAR, among others.