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 2027

Electric Wall Heater Market Overview

Electric wall heater market in terms of value is estimated to register 5.66% CAGR during the forecast period.

The global electric wall heater market is expected to witness rapid growth during the forecast period. North America is expected to be the dominating region in the electric wall heater market owing to the presence of leading global electric wall heater manufacturers, such as Marley Engineered Products, Stiebel Eltron Inc., Markel Products Company, and Broan, Inc. These companies are offering low cost and technologically advanced electric wall heaters for increasing their market share, which is contributing to the increasing use of electric wall heaters, throughout the region.

In 2018, Europe held the second largest market share in the global electric wall heater market. The European Union (EU) and Europe Energy Efficiency have set several standards and ratings for electronic appliances in this region. The standards have compelled the electric wall heater manufacturers to produce energy efficient products and cost-effective products. Along with this, the global electric wall heater manufacturers are expanding their footprints in Europe, as the region is among the prime markets due to the stringent government energy regulations, temperature fluctuations, high purchasing power of consumers, and increase in single family users. Thus, it is expected to increase the demand for electric wall heaters in this region.

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.

Segmentation

The global electric wall heater market is segmented based on application and power. On the basis of application the global electric wall heater 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 electric wall heater 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.

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 Electric Wall Heater Market, by Region, 2018  

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 electric wall heater market in the US are the increase in manufacturing companies, rising government regulations towards energy efficient products, and extreme climatic conditions.

Synopsis

The global electric wall heater market has been segmented on the basis of application and power. On the basis of application, the global electric wall heater 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.
Market Segmentation

• By Application – Residential and Non-Residential


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

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	2027: Significant Value
CAGR	5.66% CAGR (2020-2027)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
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

Frequently Asked Questions (FAQ) :

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