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Space Heater Market Trends

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

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Space Heater Market Trends

Growing emphasis on safety features including tip-over protection, overheat protection, and cool-touch exteriors, will be impactful in shaping the demand for the market. The integration of these units with smart technology features including remote control, programmable settings, and compatibility with smart home systems, influenced to gain popularity. Moreover, increasing focus toward environmental issues coupled with growing focus toward home automation will foster the business potential.

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.