logo

Europe Electric Space Heaters Market Size (2024 - 2029)

The European electric space heater market is experiencing growth driven by increased demand in colder regions and the rising need for energy-efficient appliances due to steeply rising household electricity prices. The market's expansion is further supported by a shift towards online sales channels and increased consumer spending on household upkeep post-COVID-19. Additionally, the recovery of the economy and the rise in per capita income have enhanced purchasing power, contributing to the market's positive trajectory.

Home Market Analysis Home and Property Improvement Research Home Appliances Research Europe Electric Space Heaters Market Market Size

Market Size of Europe Electric Space Heaters Industry

Europe Electric Space Heaters Market Summary
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

Europe Electric Space Heaters Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Electric Space Heaters Market Analysis

The European electric space heater market has generated revenue of USD 1.45 Billion in the current year and is poised to achieve a CAGR of more than 4% for the forecast period.

  • Germany, The Czech Republic, Norway, Iceland, and Switzerland are among the European countries with cold weather all year. This makes Electric space heaters an important appliance in the region.
  • Post covid, household electricity prices in the European Union have risen steeply, leading electric space heater manufacturers to make their appliances energy efficient. In terms of distribution channels, Online sales of household appliances increased to a share of around 37% last year, leading to rising demand for electric space heaters through online channels.
  • With the advent of COVID-19, European consumer spending on household upkeep observed an increase. The average winter temperature in Germany declined to 1.8 degrees celsius, creating a positive externality for the demand for Electric space heaters in homes. During Cold and wetter weather in Europe, COVID cases rose, resulting in an increase in hospitalization rate with a rise in electric space heater demand from hospitals.
  • Post-COVID revenue of household appliances in Europe is observing a continuous increase with a constant price per unit of small appliances, making it affordable for households. The per capita income in the European Union rose and observed an increase as the economy recovered from the negative impact of COVID-19 with rising jobs and employment, increasing the purchasing power of people and creating a positive externality for the demand for electric space heaters.

Europe Electric Space Heaters 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 the main categories of convection heaters, radiant and infrared heaters, and others, 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. 

Europe's electric space heaters market is segmented by types ((convection heaters, radiant and infrared heaters, and other types)), by applications (residential, commercial), by distribution (online and offline), and by country (Germany, United Kingdom, Poland, France, Italy, and Rest of Europe).  

The report offers market size and forecasts in value (USD) for all the above segments.

By Types
Convection Heater
Radiant Heater
Other Types
By Application
Residential
Commercial
By Distribution
Online
Offline
By Country
Germany
United Kingdom
Poland
France
Italy
Rest of Europe
Need A Different Region Or Segment?
Customize Now

Europe Electric Space Heaters Market Size Summary

The European electric space heater market is experiencing significant growth, driven by the region's cold climate and the increasing demand for energy-efficient appliances. Countries like Germany, Norway, and Switzerland, with their year-round cold weather, have made electric space heaters essential household appliances. The rise in household electricity prices post-COVID-19 has prompted manufacturers to focus on energy efficiency, while the shift towards online sales channels has further boosted market demand. The pandemic also led to increased consumer spending on home maintenance, contributing to the market's expansion. As the European economy recovers, rising per capita income and purchasing power have positively impacted the demand for electric space heaters, making them more affordable for households.

The market is characterized by a growing preference for smart and energy-efficient features in electric space heaters, aligning with the broader trend of smart home adoption in Europe. Technological innovations, such as Wi-Fi connectivity and mobile app controls, are enhancing user convenience and energy management. Countries like Italy, Hungary, and Denmark are leading in the adoption of these advanced heaters, driven by energy-saving programs. The market's fragmentation and the rising electricity prices are attracting global manufacturers, creating opportunities for new entrants with innovative and cost-effective solutions. Major players like Inelco, Tansun, LG Electronics, Stiebel Eltron, and Havells are actively participating in this dynamic market, which is poised for further growth.

Explore More

Europe Electric Space Heaters Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Continuous Cold weather in major cities of Europe driving demand

      2. 1.2.2 Increase in purchasing power of people with economic recovery post covid

    3. 1.3 Market Restraints

      1. 1.3.1 Increase in Price of Electrical Appliances affecting demand

      2. 1.3.2 Supply chain disruption in Heating appliance affecting the market

    4. 1.4 Market Opportunities

      1. 1.4.1 Creation of energy efficient products of as per residential and commercial specific needs

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Innovations in Europe Electric Space Heater Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Types

      1. 2.1.1 Convection Heater

      2. 2.1.2 Radiant Heater

      3. 2.1.3 Other Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution

      1. 2.3.1 Online

      2. 2.3.2 Offline

    4. 2.4 By Country

      1. 2.4.1 Germany

      2. 2.4.2 United Kingdom

      3. 2.4.3 Poland

      4. 2.4.4 France

      5. 2.4.5 Italy

      6. 2.4.6 Rest of Europe

Europe Electric Space Heaters Market Size FAQs

The Europe Electric Space Heaters Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Inelco, Tansun, LG Electronics, Stiebel Eltron and Havells are the major companies operating in the Europe Electric Space Heaters Market.

Europe Electric Space Heaters Market Report Snapshots

Europe Electric Space Heaters Market Size & Share Analysis- Growth Trends & Forecast (2024-2029)