United States Electric Space Heaters Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Electric Space Heaters Market Analysis
The United States electric heaters market has generated revenue of USD 2.165 billion in the current year and is poised to achieve a CAGR of more than 4% for the forecast period.
- Most of the places in the United States are cold, and energy-efficient electric space heaters are gaining favor in the United States. Energy efficiency rules, environmental concerns, and cost reductions are driving up demand for effective heaters.
- Electric space heaters utilize smart technology, and smart heaters provide remote control, customizable settings, and smart home integration. Remote heating control optimizes energy use and user convenience. Electric heaters are in increasing demand due to their efficiency, simplicity of installation, and clean functioning.
- Most enterprises and homeowners are switching to electric heaters because of the growing living standard of the consumer and the increasing adoption of electric and technologically upgraded products. Manufacturers are investing in R&D to increase heating efficiency, heat dispersion, and energy usage.
- New insulating materials, heating element designs, and control methods are improving electric space heaters. As the application of electric space heaters market is increasing, the demand for the product has also surged.
United States Electric Space Heaters Market Trends
Energy Efficiency of Electric Space Heaters
- The rising household population's demand for energy-efficient and cost-effective electric-powered appliances in the United States has increased. Shifting consumer preference to electric appliances, which are energy efficient and require lesser repair and maintenance costs, is further supporting the product demand.
- Government initiatives to improve energy efficiency and technological advancements are encouraging manufacturers to prioritize innovative and efficient household appliances such as electric space heating products.
- These factors will attract customers to fulfill their necessities of heating applications and boost product consumption. Rising consumer demand for smart home appliances and growing consumer preference for buying smart housing facilities are driving the growth of the electric space heaters market.
Growing Residential Infrastructure
- Residencies increasingly use electric appliances to fulfill their space heating needs. Therefore, growing residential infrastructural settings are driving the electric space heaters market. According to the United States Census Bureau statistics, new residential housing sales in the United States increased over the past two years.
- Additionally, the increasing number of middle-income population groups and their spending on energy-efficient home appliances support the electric space heaters segmental revenues. Smart homes are increasingly adopting electric space heaters to reduce utility costs. This factor makes the electric space heaters segment generate considerable product revenues.
United States Electric Space Heaters Industry Overview
Electric space heaters marker is a fragmented industry. Manufacturers are producing energy-efficient versions with innovative technology and smart controls to fulfill market demands. The major players in electric space heaters in the United States are Crane, Daikin Industries Ltd., Devco Heaters, Dyson Ltd., and Honeywell International Inc.
United States Electric Space Heaters Market Leaders
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Crane
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Daikin Industries Ltd
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Devco Heaters
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Dyson Ltd
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Honeywell International Inc
*Disclaimer: Major Players sorted in no particular order
United States Electric Space Heaters Market News
- January 2023: Daikin unveiled its latest space heaters, harnessing highly energy-efficient heat pump technology to enhance comfort and reduce CO2 emissions. This innovative heat pump system is designed to both cool the air and heat water by extracting stored heat from the surrounding environment.
- September 2022: Dyson introduced the AM05 space heater, representing a significant leap forward in heating technology. This blade-less system operates silently and boasts a sleek black and nickel color scheme reminiscent of Boba Fett's iconic Slave 1 ship. The AM05 serves as the successor to the AM04, offering a remarkable 33% increase in power. It features a straightforward remote control, a convenient front temperature display, and an adjustable tilting head for improved functionality.
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 Safety concerns are driving the market.
4.3 Market Restraints
4.3.1 Dry air can cause irritations to the skin
4.4 Market Opportunities
4.4.1 Technological Advancement in Electric Space Heaters Market
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porters' Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technology Innovation in the Market.
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Convection Heaters
5.1.2 Radiant and Infrared Heater
5.1.3 Other Product Types
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Crane
6.2.2 Daikin Industries Ltd
6.2.3 Devco Heaters
6.2.4 Dyson Ltd
6.2.5 Honeywell International Inc
6.2.6 Lennox
6.2.7 Vornado
6.2.8 Heater Genie
6.2.9 Radiant Heat
6.2.10 Heat Storm*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
United States Electric Space Heaters Industry Segmentation
An electric space heater is a heating device designed to focus heat in a single room or small zone. They work by expelling hot air through a fan, which naturally rises and forces colder air to the floor. This process helps to circulate the heat and warm the space effectively.
The United States electric space heaters market is segmented by product type (convection heaters, radiant and infrared heater, and other product types), by application (residential, commercial), and by distribution (online and offline).
The report offers market size and forecasts in value (USD) for all the above segments.
| By Product Type | |
| Convection Heaters | |
| Radiant and Infrared Heater | |
| Other Product Types |
| By Application | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Online | |
| Offline |
Frequently Asked Questions
What is the current United States Electric Space Heaters Market size?
The United States Electric Space Heaters Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in United States Electric Space Heaters Market?
Crane, Daikin Industries Ltd, Devco Heaters, Dyson Ltd and Honeywell International Inc are the major companies operating in the United States Electric Space Heaters Market.
What years does this United States Electric Space Heaters Market cover?
The report covers the United States Electric Space Heaters Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Electric Space Heaters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Electric Space Heaters Industry Report
Statistics for the 2024 United States Electric Space Heaters market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. United States Electric Space Heaters 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.
