The global Electric Space Heater market was valued at US$ 2662.1 million in 2020 and is expected to reach US$ 3159.3 million by the end of 2027, growing at a CAGR of 2.3% during 2021-2027.
Global key players of Electric Space Heater include GlenDimplex, Midea Group, etc. Global top 3 companies hold a share over 20%. North America is the largest market, with a share about 40%, followed by China and Europe with the share about 30% and 20%. In terms of product, Convector Heater is the largest segment, with a share over 90%. And in terms of application, the largest application is Residential use, with a share about 85%.
Global Electric Space Heater Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electric Space Heater Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are GlenDimplex, Midea Group, Hearth & Home Technologies, Singfun, Panasonic, Thermor, Twin-Star International, Gree, Airmate, De’Longhi, Noirot, Lasko, Stiebel Eltron, Zehnder Group, TCL, Haier, Aux Group, Ningbo Kadeer Electrical Appliances, FOSHAN SHUNDE HONGJIN ELECTRIC CO., LTD, Smartmi, Changhong and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-electric-space-heater-market-outlook
Segment by Type
- Convector Heater
- Radiant Heater
Segment by Application
Table of Content:
1 Electric Space Heater Market Overview
2 Electric Space Heater Market Competition by Manufacturers
3 Electric Space Heater Retrospective Market Scenario by Region
4 Global Electric Space Heater Historic Market Analysis by Type
5 Global Electric Space Heater Historic Market Analysis by Application
6 Key Companies Profiled
7 Electric Space Heater Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electric Space Heater Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta