Home > Industrial Machinery > HVAC > Heating and Cooling > Residential Space Heater Market
Residential Space Heater Market Size
- Report ID: GMI9793
- Published Date: Jun 2024
- Report Format: PDF
Residential Space Heater Market Size
Residential Space Heater Market size in 2023 was valued at USD 5.5 billion and is estimated to grow at a rate of 5.7% from 2024 and 2032. The industry is set for an upward trend propelled by a surge in home renovations and new construction activities. For instance, in 2023, the construction of new houses accounts for over 20% of the overall investment in construction across the Europe.
Residential space heaters are portable devices designed to provide localized warmth in specific areas of a home. These heaters are typically used to supplement central heating systems or to heat specific areas within a home comprising of bedrooms, offices, or living rooms. With advancements in technology, modern space heaters often come equipped with safety features such as tip-over protection, overheat protection, and programmable timers, ensuring both efficient heating and peace of mind for users.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Residential Space Heater Market Size in 2023: | USD 5.5 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.7% |
| 2032 Value Projection: | USD 9 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 135 |
| Tables, Charts & Figures: | 50 |
| Segments covered: | Product, Energy Source, Technology & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Residential Space Heater Market Scope
