Market Size of United States Electric Space Heaters Industry
| 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 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 |
United States Electric Space Heaters Market Size Summary
The United States electric space heaters market is experiencing significant growth, driven by the increasing demand for energy-efficient and cost-effective heating solutions. As colder regions in the country seek effective heating options, electric space heaters are becoming increasingly popular due to their energy efficiency, ease of installation, and clean operation. The market is further bolstered by advancements in smart technology, allowing for features such as remote control, customizable settings, and integration with smart home systems. These innovations not only enhance user convenience but also optimize energy usage, aligning with the growing consumer preference for technologically advanced and environmentally friendly products. Manufacturers are actively investing in research and development to improve heating efficiency and energy utilization, contributing to the market's expansion.
The rising household population and the shift towards electric appliances are key factors propelling the electric space heaters market in the United States. Government initiatives and technological advancements are encouraging the production of innovative and efficient household appliances, including electric space heaters. The increasing adoption of smart home appliances and the growing preference for energy-efficient solutions among middle-income groups are further supporting market growth. The fragmented industry sees major players like Crane, Daikin Industries Ltd., Devco Heaters, Dyson Ltd., and Honeywell International Inc. introducing energy-efficient models with advanced technology. Recent product launches, such as Daikin's heat pump technology and Dyson's AM05 space heater, highlight the industry's focus on enhancing comfort and reducing environmental impact, thereby driving market revenues.
United States Electric Space Heaters Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Safety concerns are driving the market.
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1.3 Market Restraints
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1.3.1 Dry air can cause irritations to the skin
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1.4 Market Opportunities
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1.4.1 Technological Advancement in Electric Space Heaters Market
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porters' Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on Technology Innovation in the Market.
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Convection Heaters
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2.1.2 Radiant and Infrared Heater
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2.1.3 Other Product Types
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Online
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2.3.2 Offline
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United States Electric Space Heaters Market Size FAQs
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.
