Canada Electric Space Heater Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Electric Space Heater Market Analysis
Canada Electric Space Heater Market has generated revenue of USD 886.25 million in the current year and is poised to register a CAGR of more than 3.68% for the forecast period. With their small sizes and higher efficiency, electric space heaters are capable of making room space more comfortable. Annual household expenditure in Canada has been observing a continuous increase over the years, creating a positive externality for the sales of electric space heaters. Smart features of Wi-Fi control through mobile apps allow easy temperature control facilities in the equipment. Space heating accounts for more than 63% of the energy used in the average Canadian home, making electric space heaters an important segment of Canadian residential space.
With the advent of COVID-19, many people lost their jobs in Canada, resulting in a decline in household spending, and with rising supply chain disruptions globally, the price of electric heating appliances in Canada increased, affecting the demand. As the retail stores observed a decline in sales due to restrictions, E-commerce emerged as a channel for manufacturers to maintain their sales with declining offline sales.
Canada has the most severe winter climate globally, making heaters an essential part of daily life. As electricity exists as a cheap and sustainable source of power in comparison to coal and wood, the use of electric heaters in Canada is observing a rise in sales. The volume of homes in Canada is observing continuous growth, and as electric space heaters are for small spaces, it will likely expand the market opportunity for electric space heater manufacturers.
Canada Electric Space Heater Market Trends
Residential Segment Driving The Market
Population in Canada is observing a continuous increase year on year, requiring demand for more residential space, and as the country is having a more severe cold during the winter, it is raising demand for heaters, creating market opportunities for electric space heater manufacturers. With their small size and limited range of heating, electric space heaters are more suitable for residential spaces. Electric space heaters produce one unit of heat for every unit of electricity, and these features make electric heaters highly energy efficient for the end user, saving household costs.
Electric space heaters do not create much sound, and with their small size, it is portable so that user can set them up anywhere with an electric socket. With these features, a single electric space heater is capable of serving different spaces of residence.
Technology Advanced Smart Features Driving Sales Of Electric Space Heater
Electric space heaters have resulted in a significant transformation for electric heating devices with almost zero carbon emission, making them a perfect fit to be used anywhere from residential to commercial spaces. Infrared heaters have reduced harmful emissions to a great extent with their comfort features that heat the floor zone instead of the ceiling. Upcoming smart electric heaters are equipped with Bluetooth and Wi-Fi technology, allowing users to control them from their comfort. In addition to this, they are equipped with features to be controlled through hands-free voice control apps of Amazon Alexa, Google Home, and others.
Smart home device ownership in Canada is observing a continuous increase and creating market opportunities for electric space heater manufacturers with installed smart features in their heating appliances.
Canada Electric Space Heater Industry Overview
The electric space market in Canada is an emerging market with a fragmented structure. With technological innovation and smart features enabled electric heaters, new players are entering the market to capture existing space in the market; transitioning from traditional heating systems to electric heaters is influencing the speed of emerging market space and opportunities for electric space heater manufacturers. Some of the existing players in the Canadian electric Space heater market are Dyson, Honeywell, Black Decker, Brant Radiant Heaters Limited, and Ouellet Canada.
Canada Electric Space Heater Market Leaders
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Dyson
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Honeywell
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Black + Decker
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Brant Radiant Heaters Limited
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Ouellet Canada
*Disclaimer: Major Players sorted in no particular order
Canada Electric Space Heater Market News
- January 2022: Auckland infrared heater manufacturer Kelray Heating expanded its operations into Canada. Kelray has been supplying Kiwi home and business owners with heating solutions for the past three decades. The heaters were to be manufactured in New Zealand and assembled in Canada and are covered by a five-year warranty for an outdoor electric infrared heater.
- September 2023: Envi Heater Inc., a US manufacturer of wall-mounted electric panel heaters with operations in Canada as well, announced the launch of the Smart Envi, an APP-controlled heater that enables users to control one or multiple heaters from a phone with features to connect with Amazon's Alexa and Google Home voice recognition devices.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising demand for energy saving heater driving the market
4.2.2 Compact size with portable feature driving the demand
4.3 Market Restraints
4.3.1 Supply chain disruptions amid geopolitical issues affecting the market
4.3.2 Rising Price of electrical appliances affecting the market
4.4 Market Opportunities
4.4.1 Smart features of Electric Space heater increasing their demand
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in Canada Electric Space Heater Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Types
5.1.1 Convector Heater
5.1.2 Radiant Heater
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution
5.3.1 Online
5.3.2 Offline
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profile
6.2.1 Dyson
6.2.2 Honeywell
6.2.3 Black Decker
6.2.4 Brant Radiant Heaters Limited
6.2.5 Ouellet Canada
6.2.6 Kelray Heating
6.2.7 Envi Heater
6.2.8 ICON
6.2.9 AirNmore
6.2.10 Veito*
7. MARKET FUTURE TREND
8. DISCLAIMER AND ABOUT US
Canada Electric Space Heater Industry Segmentation
An electric space heater is a heating device designed to focus heat in a single room or small zone. Electric space heaters fall into two main categories: convector heaters and radiant heaters, which work by making air hot, which naturally rises and forces colder air to the floor. This process helps to circulate the heat and warm the space effectively. Canada Electric Space Heater Market is Segmented By Types (Convector Heater and Radiant Heater), By Applications (Residential, Commercial), and by Distribution (Online and Offline). The report offers market size and forecasts for the Canadian electric Space Heater Market in value (USD) for all the above segments.
| By Types | |
| Convector Heater | |
| Radiant Heater |
| By Application | |
| Residential | |
| Commercial |
| By Distribution | |
| Online | |
| Offline |
Frequently Asked Questions
What is the current Canada Electric Space Heater Market size?
The Canada Electric Space Heater Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Canada Electric Space Heater Market ?
Dyson, Honeywell, Black + Decker, Brant Radiant Heaters Limited and Ouellet Canada are the major companies operating in the Canada Electric Space Heater Market .
What years does this Canada Electric Space Heater Market cover?
The report covers the Canada Electric Space Heater Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Canada Electric Space Heater Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Electric Space Heater Market Industry Report
Statistics for the 2024 Canada Electric Space Heater market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Canada Electric Space Heater analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
