Get a free sample of Residential Space Heater Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Residential Space Heater Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
Who are the prominent manufacturers of residential space heaters?
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.
How big is the Asia Pacific residential space heater market?
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.
Why is the need for ceramic residential space heaters rising?
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.
What is the size of the residential space heater market?
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.