Global Electric Wall Heater Market Estimated to Grow with a Healthy CAGR During Forecast Period 2020-2025
Market Overview
The Global Electric Wall Heater Market is expected to be valued at USD 4,566.18 Million by 2025 with a CAGR of 5.66% during the forecast period (2019–2025).
The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. An electric wall heater consists of an electric element with a reflector behind it to reflect heat into the specified area. Electric wall heaters are installed on interior walls. The electric wall heater is designed to serve as a versatile solution to maintain the indoor temperature of both residential and non-residential applications. It provides several benefits such as ease of installation, excellent safety features, cost-effectiveness, space-saving, and energy efficiency.
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Key Players
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.
Market 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 into residential and non-residential. The residential segment is expected to dominate the market, owing to the growing urbanization, rapidly changing lifestyle, and an increase in demand for comfort features in homes.
In terms of value the residential segment accounted for the larger market share of 69.56% in 2018, with a market value of USD 2,175.5 million; it is expected to register a CAGR of 5.04% during the forecast period. The non-residential segment was valued at USD 952.0 million; it is projected to register the higher CAGR of 6.99%.
Regional Analysis
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is anticipated to lead the electric wall heater market during the forecast period, followed by Europe. North America is expected to witness an excellent growth in the electric wall heater market, owing to the rapid urbanization, increase in demand for comfort and convenience in homes, and rapidly changing lifestyle. The Occupational Safety and Health Administration (OSHA) has amended several norms regarding the heating solution standards in this country. An increase in the number of residential construction activities and extreme climatic conditions increase the demand for electric wall heaters. Thus, an increase in construction activities, government regulations, and growing industrialization are some of the factors driving the market in this region.
The Global Electric Wall Heater Market is expected to reach USD 4,566.18 Million at a CAGR of over 5.66% by the end of the forecast period.
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, 2017–2025 (USD MILLION) 38
TABLE 5 GLOBAL ELECTRIC WALL HEATER MARKET, BY POWER, 2017–2025 (USD MILLION) 40
TABLE 6 GLOBAL ELECTRIC WALL HEATER MARKET, BY REGION, 2017–2025 (USD MILLION) 41
TABLE 7 NORTH AMERICA: ELECTRIC WALL HEATER MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 42
TABLE 8 NORTH AMERICA: ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 43
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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, 2018, BY REGION 16
FIGURE 4 GLOBAL ELECTRIC WALL HEATER MARKET, BY APPLICATION, 2017-2025 (USD MILLION) 17
FIGURE 5 GLOBAL ELECTRIC WALL HEATER MARKET, BY POWER, 2017–2025 (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 (2018 VS 2025) 24
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