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Space Heater Market Share

Report ID: GMI7775
Published Date: Jan 2024
Report Format: PDF

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Space Heater Market Share

The major companies in the industry are concentrating on marketing strategies, technological advancements, brand visibility, and achieving economies of scale to effectively navigate the competitive landscape. Their emphasis lies in the development of smart heater designs, integrating advanced technological features and ergonomic capabilities into space heaters. Notably, companies are introducing products with mobile app controls and voice command functionalities to enhance user experience and stay at the forefront of innovation.

Daikin is one of the world's leading manufacturers of air conditioning and heating products, as well as various chemicals and refrigerants. The company stands at the forefront of innovation, consistently introducing cutting-edge technologies to enhance energy efficiency and environmental sustainability in the industry. With a commitment to excellence, it continues to shape the future of climate control solutions, serving diverse markets globally with a comprehensive range of advanced and eco-friendly products.

Space Heater Market Companies

The key market players operating across the industry include:

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

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Space heater industry size in 2023 was valued at USD 7.2 billion and is estimated to grow at 5.9% CAGR through 2032, owing to an increase in home renovations and new construction activities.

The portable space heater industry size will witness growth rate of 6% through 2032, owing to the compliance with safety and energy efficiency standards, along with the convenience it provides.

North America space heater industry was valued at USD 1.5 billion in 2023, attributed to the cold climatic conditions along with stringent government energy efficiency regulations.

DAIKIN INDUSTRIES, Ltd., Duraflame, Inc., Dyson, Energy Wise Solutions, Wayfair LLC, Honeywell, Lasko Products, LLC., Mill, Newell Brands, OPOLAR, Optimus Enterprise, Inc.,Ri nnai Corporation, SUNHEAT International, Vornado Air, LLC, DeLonghi Appliances Srl, Midea, Sunbeam Products, Inc., Domu Brands, Crane – USA and Twin Star Home.