Electric Wall Heater Market Research Report - Global Forecast till 2030

Electric Wall Heater Market Research Report: Information by Application (Residential and Non-Residential), Power (<1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt and >2000 Watt) and Region - Forecast till 2030

ID: MRFR/IA - E/6627-CR | July 2019 | Region: Global | 85 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition 14

2.2 Scope Of The Study 14

2.3 List Of Assumptions 15

2.4 Market Structure 16

2.5 Market Attractiveness Analysis 16

2.6 Global Electric Wall Heater Market, By Application 17

2.7 Global Electric Wall Heater Market, By Power 18

2.8 Macro Factor Indicator Analyses 18

2.9 Key Takeaways 19

3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 23

3.5 Forecast Model 23

4 Market Insights

5 Market Dynamics

5.1 Introduction 27

5.2 Drivers 27

5.2.1 Demand For Energy-Efficient Products 27

5.2.2 Rapid Urbanization And Evolving Lifestyles 28

5.2.3 Drivers Impact Analysis 29

5.3 Restraints 29

5.3.1 Availability Of Cost-Effective Alternatives 29

5.4 Restraints Impact Analysis 30

5.5 Opportunities 30

5.5.1 Smart Electric Wall Heater Technologies 30

5.6 Challenges 31

5.6.1 District Heating Solutions 31

6 Market Factor Analysis

6.1 Porter’s Five Forces Model 32

6.1.1 Threat Of New Entrants 32

6.1.2 Bargaining Power Of Suppliers 32

6.1.3 Bargaining Power Of Buyers 33

6.1.4 Threat Of Substitutes 33

6.1.5 Rivalry 33

6.2 Supply Chain Analysis: Global Electric Wall Heater Market 34

6.2.1 Design And Development 34

6.2.2 Raw Material/Component Supply 34

6.2.3 Electric Wall Heater Manufacture 35

6.2.4 End-Use 35

6.2.5 After-Sales Services 35

6.3 Technology Trends 36

6.3.1 Evolution Of Smart Electric Wall Heaters 36

7 Global Electric Wall Heater Market, By Application

7.1 Overview 37

7.2 Residential 37

7.3 Non-Residential 37

8 Global Electric Wall Heater Market, By Power

8.1 Overview 39

8.2 <1000 Watt 39

8.3 1000 To 1600 Watt 39

8.4 1600 To 2000 Watt 39

8.5 >2000 Watt 39

9 Global Electric Wall Heater Market, By Region

9.1 Introduction 41

9.2 North America 42

9.2.1 US 43

9.2.2 Canada 44

9.2.3 Mexico 45

9.3 Europe 46

9.3.1 Germany 48

9.3.2 France 49

9.3.3 UK 50

9.3.4 Italy 51

9.3.5 Rest Of Europe 52

9.4 Asia-Pacific 53

9.4.1 China 55

9.4.2 Japan 56

9.4.3 India 57

9.4.4 Rest Of Asia-Pacific 58

9.5 Rest Of The World (RoW) 59

9.5.1 Middle East & Africa 61

9.5.2 South America 62

10 Competitive Landscape

10.1 Competitive Overview 64

10.2 Global Electric Wall Heater Market, Share Analysis, 2020 (%) 65

10.3 Competitive Benchmarking 66

11 Company Profiles

11.1 Marley Engineered Products 67

11.1.1 Company Overview 67

11.1.2 Financial Overview 67

11.1.3 Products/Services Offered 67

11.1.4 Key Developments (2020-2027) 68

11.1.5 SWOT Analysis 68

11.1.6 Key Strategies 68

11.2 Stiebel Eltron Inc. 69

11.2.1 Company Overview 69

11.2.2 Financial Overview 69

11.2.3 Products/Services Offered 69

11.2.4 Key Developments (2020-2027) 70

11.2.5 SWOT Analysis 70

11.2.6 Key Strategies 70

11.3 Markel Products Company 71

11.3.1 Company Overview 71

11.3.2 Financial Overview 71

11.3.3 Products/Services Offered 71

11.3.4 Key Developments (2020-2027) 71

11.3.5 SWOT Analysis 72

11.3.6 Key Strategies 72

11.4 Trane (Ingersoll-Rand PLC) 73

11.4.1 Company Overview 73

11.4.2 Financial Overview 73

11.4.3 Products/Services Offered 74

11.4.4 Key Developments (2020-2027) 74

11.4.5 SWOT Analysis 74

11.4.6 Key Strategies 74

11.5 Broan, Inc. 75

11.5.1 Company Overview 75

11.5.2 Financial Overview 75

11.5.3 Products/Services Offered 75

11.5.4 Key Developments (2020-2027) 75

11.5.5 SWOT Analysis 76

11.5.6 Key Strategies 76

11.6 WarmlyYours.Com, Inc. 77

11.6.1 Company Overview 77

11.6.2 Financial Overview 77

11.6.3 Products/Services Offered 77

11.6.4 Key Developments (2020-2027) 77

11.6.5 SWOT Analysis 78

11.6.6 Key Strategies 78

11.7 King Electric 79

11.7.1 Company Overview 79

11.7.2 Financial Overview 79

11.7.3 Products/Services Offered 79

11.7.4 Key Developments (2020-2027) 80

11.7.5 SWOT Analysis 80

11.7.6 Key Strategies 80

11.8 Indeeco 81

11.8.1 Company Overview 81

11.8.2 Financial Overview 81

11.8.3 Products/Services Offered 81

11.8.4 Key Developments (2020-2027) 81

11.8.5 SWOT Analysis 82

11.8.6 Key Strategies 82

11.9 Glen Dimplex Group 83

11.9.1 Company Overview 83

11.9.2 Financial Overview 83

11.9.3 Products/Services Offered 83

11.9.4 Key Developments (2020-2027) 84

11.9.5 SWOT Analysis 84

11.9.6 Key Strategies 84

11.10 Radiant Systems 85

11.10.1 Company Overview 85

11.10.2 Financial Overview 85

11.10.3 Products/Services Offered 85

11.10.4 Key Developments (2020-2027) 85

11.10.5 SWOT Analysis 86

11.10.6 Key Strategies 86

12 Appendix

12.1 References 87

12.2 Related Reports 87

13 List Of Tables

TABLE 1 LIST OF ASSUMPTIONS 15

TABLE 2 GLOBAL ELECTRIC WALL HEATER MARKET: MACRO FACTOR INDICATOR ANALYSES 18

TABLE 3 THE BEST RATED ELECTRIC WALL HEATERS ON THE RETAIL PLATFORM 36

TABLE 4 GLOBAL ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 38

TABLE 5 GLOBAL ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 40

TABLE 6 GLOBAL ELECTRIC WALL HEATER MARKET, BY REGION, 2020–2027 (USD MILLION) 41

TABLE 7 NORTH AMERICA: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 42

TABLE 8 NORTH AMERICA: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 43

TABLE 9 NORTH AMERICA: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 43

TABLE 10 US: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 44

TABLE 11 US: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 44

TABLE 12 CANADA: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 45

TABLE 13 CANADA: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 45

TABLE 14 MEXICO: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 46

TABLE 15 MEXICO: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 46

TABLE 16 EUROPE: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 47

TABLE 17 EUROPE: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 48

TABLE 18 EUROPE: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 48

TABLE 19 GERMANY: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 49

TABLE 20 GERMANY: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 49

TABLE 21 FRANCE: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 50

TABLE 22 FRANCE: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 50

TABLE 23 UK: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 51

TABLE 24 UK: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 51

TABLE 25 ITALY: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 52

TABLE 26 ITALY: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 52

TABLE 27 REST OF EUROPE: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 53

TABLE 28 REST OF EUROPE: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 53

TABLE 29 ASIA–PACIFIC: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 54

TABLE 30 ASIA–PACIFIC: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 55

TABLE 31 ASIA–PACIFIC: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 55

TABLE 32 CHINA: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 56

TABLE 33 CHINA: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 56

TABLE 34 JAPAN: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 57

TABLE 35 JAPAN: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 57

TABLE 36 INDIA: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 58

TABLE 37 INDIA: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 58

TABLE 38 REST OF ASIA–PACIFIC: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 59

TABLE 39 REST OF ASIA–PACIFIC: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 59

TABLE 40 ROW: ELECTRIC WALL HEATER MARKET, BY REGION, 2020–2027 (USD MILLION) 60

TABLE 41 ROW: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 60

TABLE 42 ROW: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 61

TABLE 43 MIDDLE EAST & AFRICA: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 61

TABLE 44 MIDDLE EAST & AFRICA: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 62

TABLE 45 SOUTH AMERICA: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 62

TABLE 46 SOUTH AMERICA: ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 63

TABLE 47 MARLEY ENGINEERED PRODUCTS: PRODUCTS/SERVICES OFFERED 67

TABLE 48 STIEBEL ELTRON INC.: PRODUCTS/SERVICES OFFERED 69

TABLE 49 STIEBEL ELTRON INC.: KEY DEVELOPMENTS 70

TABLE 50 MARKEL PRODUCTS COMPANY: PRODUCTS/SERVICES OFFERED 71

TABLE 51 TRANE: PRODUCTS/SERVICES OFFERED 74

TABLE 52 BROAN, INC.: PRODUCTS/SERVICES OFFERED 75

TABLE 53 WARMLYYOURS.COM, INC.: PRODUCTS/SERVICES OFFERED 77

TABLE 54 KING ELECTRIC: PRODUCTS/SERVICES OFFERED 79

TABLE 55 INDEECO: PRODUCTS/SERVICES OFFERED 81

TABLE 56 GLEN DIMPLEX GROUP: PRODUCTS/SERVICES OFFERED 83

TABLE 57 GLEN DIMPLEX GROUP: KEY DEVELOPMENTS 84

TABLE 58 RADIANT SYSTEMS: PRODUCTS/SERVICES OFFERED 85

14 List Of Figures

FIGURE 1 MARKET SYNOPSIS 13

FIGURE 2 GLOBAL ELECTRIC WALL HEATER MARKET: MARKET STRUCTURE 16

FIGURE 3 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL ELECTRIC WALL HEATER MARKET, 2020, BY REGION 16

FIGURE 4 GLOBAL ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 17

FIGURE 5 GLOBAL ELECTRIC WALL HEATER MARKET, BY POWER, 2020–2027 (USD MILLION) 18

FIGURE 6 GLOBAL ELECTRIC WALL HEATER MARKET: KEY TAKEAWAYS 19

FIGURE 7 RESEARCH PROCESS OF MRFR 20

FIGURE 8 TOP-DOWN & BOTTOM-UP APPROACHES 23

FIGURE 9 NORTH AMERICA: ELECTRIC WALL HEATER MARKET SIZE & MARKET SHARE BY COUNTRY, BY VALUE (2020 VS 2027) 24

FIGURE 10 EUROPE: ELECTRIC WALL HEATER MARKET SIZE & MARKET SHARE BY COUNTRY, BY VALUE (2020 VS 2027) 25

FIGURE 11 ASIA-PACIFIC: ELECTRIC WALL HEATER MARKET SIZE & MARKET SHARE BY COUNTRY, BY VALUE (2020 VS 2027) 25

FIGURE 12 ROW: ELECTRIC WALL HEATER MARKET SIZE & MARKET SHARE BY COUNTRY, BY VALUE (2020 VS 2027) 26

FIGURE 13 GLOBAL ELECTRIC WALL HEATER MARKET 27

FIGURE 14 DRIVERS IMPACT ANALYSIS: GLOBAL ELECTRIC WALL HEATER MARKET 29

FIGURE 15 RESTRAINTS IMPACT ANALYSIS: GLOBAL ELECTRIC WALL HEATER MARKET 30

FIGURE 16 PORTER FIVE FORCES ANALYSIS: GLOBAL ELECTRIC WALL HEATER MARKET 32

FIGURE 17 SUPPLY CHAIN: GLOBAL ELECTRIC WALL HEATER MARKET 34

FIGURE 18 GLOBAL ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2020 (% SHARE) 37

FIGURE 19 GLOBAL ELECTRIC WALL HEATER MARKET, BY POWER, 2020 (% SHARE) 40

FIGURE 20 GLOBAL ELECTRIC WALL HEATER MARKET SHARE, BY REGION, 2020 (%) (USD MILLION) 41

FIGURE 21 NORTH AMERICA: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2020 (%) 42

FIGURE 22 EUROPE: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2020 (%) 47

FIGURE 23 ASIA-PACIFIC: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2020 (%) 54

FIGURE 24 ROW: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2020 (%) 60

FIGURE 25 GLOBAL ELECTRIC WALL HEATER MARKET SHARE ANALYSIS, 2020 65

FIGURE 26 BENCHMARKING OF MAJOR COMPETITORS 66

FIGURE 27 MARLEY ENGINEERED PRODUCTS: SWOT ANALYSIS 68

FIGURE 28 STIEBEL ELTRON INC.: SWOT ANALYSIS 70

FIGURE 29 MARKEL PRODUCTS COMPANY: SWOT ANALYSIS 72

FIGURE 30 INGERSOLL-RAND PLC: FINANCIAL OVERVIEW 73

FIGURE 31 TRANE: SWOT ANALYSIS 74

FIGURE 32 BROAN, INC.: SWOT ANALYSIS 76

FIGURE 33 WARMLYYOURS.COM, INC.: SWOT ANALYSIS 78

FIGURE 34 KING ELECTRIC: SWOT ANALYSIS 80

FIGURE 35 INDEECO: SWOT ANALYSIS 82

FIGURE 36 GLEN DIMPLEX GROUP: SWOT ANALYSIS 84

FIGURE 37 RADIANT SYSTEMS: SWOT ANALYSIS 86

Electric Wall Heater Market

Electric Wall Heater Market has been witnessed to drive at a CAGR of 5.90%, with a value of USD 5,230.7 million during the forecasted 2020-2030

Segmentation

By Application Residential Non Residential
By Power <1000 Watt 1000 To 1600 Watt 1600 To 2000 Watt >2000 Watt

Key Players

  • Marley Engineered Products
  • Stiebel Eltron Inc. Markel Products Company
  • Trane
  • Broan Inc.
  • WarmlyYours.com Inc.
  • King Electric
  • Indeeco
  • Glen Dimplex Group
  • Radiant Systems

Drivers

  • Smart Electric Wall Heater Technologies
  • Demand For Energy-Efficient Products
  • Rapid Urbanization And Evolving Lifestyles
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The electric wall heater market has been witnessed to drive at a CAGR of 5.90%, with a value of USD 5,230.7 million during the forecasted 2020-2030.


Electric Wall Heater Market Overview


An electric wall heater is an appliance that heats the cold water supplied through the system of the pipes. This heated water can be used for various purposes like taking a hot bath or shower and washing machines and dishwashers. Over a few decades, numerous technologies have been developed to make water heaters energy efficient, like the heat pump, condensing the gas water heaters, gas, electric tankless systems, etc. In recent years, the demand for water heaters has seen a surge across several regions to improve the standard of living.


However, due to the emergence of new technologies, several market players can make new solar heaters which demands a huge market. Furthermore, the improved cost-effectiveness of the batteries or modules is expected to restrain the solar heater market during the forecasting period. The solar heater installation requires major modification to a building's plumbing systems and has relatively less life than solar PV.


Electric Wall Heater Market Key Competitors


The key players of the global electric wall heater market are Marley Engineered Products, Stiebel Eltron Inc., Markel Products Company, Trane, Broan, Inc., WarmlyYours.com, Inc., King Electric, Indeeco, Glen Dimplex Group, and Radiant Systems.


Recent Development:


The United States is a major producer of electric wall heaters in the current world. The electric wall heater industry in the United States is deep-rooted, and it has been growing at a significant pace in the past few years.


The international trend is growing toward replacing fossil fuel as a primary energy source with alternative energy sources, like solar and wind, which are more environment-friendly and lower cost than fossil fuel energy.


Thermal energy is one of the alternative solutions that can be used in the water heaters or for electric power generation sectors. However, the low importance of the government sectors towards the development of the electric wall heaters facilities is likely to resist the growth of the market during the projected years.


Electric Wall Heater Market Segmentation



  • By Application – Residential and Non-Residential

  • By Power – 1000 to 1600 watt, 1600 to 2000 watt, <1000 watt, and > 2000 watt


The electric wall heater global market is segmented based on application and power. On the basis of application the global market is divided into residential and non-residential. The residential segment held the larger market share in 2018 as this segment has been witnessing significant growth in the demand for electric wall heaters owing to growing urbanization, rapidly changing lifestyle, and an increase in demand for comfort features in homes.


On the basis of power, the global market is segmented into <1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt, and > 2000 Watt. The 1000 to 1600-Watt segment is expected to hold the maximum market share, due to the need for energy efficient high capacity heaters and heating solutions in residential and commercial applications. This is expected to increase the demand of 1000 to 1600-Watt in electric wall heaters during the forecast period.


Electric Wall Heater Market Regional Analysis


On the basis of region, the global electric wall heater market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world.


Global Market of Electric Wall Heater, by Region, 2018  Electric Wall Heater Market


Source: MRFR Analysis


North America is expected to witness an excellent growth in the electric wall heater market, owing to rapid urbanization, increase in demand for comfort and convenience in homes, and rapidly changing lifestyle. The market in this region is characterized by improving government standards and stringent polices from Industrial Heating Equipment Association (IHEA) to provide better heating solutions to workers. This is expected to create opportunities for the manufacturers to invest in the local market in the coming years.


The US is one of the major producers of electric wall heaters in North America. The electric wall heater industry in the US is deep-rooted and has been growing at a significant pace in the past few years. The other prominent factors leading to the growth of the market in the US are the increase in manufacturing companies, rising government regulations towards energy efficient products, and extreme climatic conditions.


Electric Wall Heater Market Synopsis


The global electric wall heater market has been segmented on the basis of application and power. On the basis of application, the global market is segmented into residential and non-residential. The residential segment is expected to dominate the market, due to growing requirement of comfort features in homes.


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (Application/Power is driving market?

  • What will be the growth rate by 2025?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 5,230.7 million
  CAGR   5.80% CAGR (2020-2030)
  Base Year   2021
  Forecast Period   2020-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, Power
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Marley Engineered Products, Stiebel Eltron Inc., Markel Products Company, Trane, Broan, Inc., WarmlyYours.com, Inc., King Electric, Indeeco, Glen Dimplex Group, and Radiant Systems
  Key Market Opportunities   Smart Electric Wall Heater Technologies
  Key Market Drivers

  • Demand For Energy-Efficient Products
  • Rapid Urbanization And Evolving Lifestyles


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    Frequently Asked Questions (FAQ) :

    The incidence of top electric wall heater manufacturers is estimated to shape the development of the market in the coming years.

    A 5.90% CAGR is estimated to guide the development of the market in the impending period.

    The North American region is estimated to boost the market in the forthcoming period.

    The dual segments of application and power are motivating the market extensively.

    The contenders existing in the market are Stiebel Eltron Inc., Trane, Broan, Inc., Marley Engineered Products, WarmlyYours.com, Inc. and Markel Products Company.