Global Patio Heaters Market 2018-2022
About Patio Heaters
A patio heater, also known as an umbrella or mushroom heater, is a radiant heating appliance that generates thermal radiation in outdoor spaces. Patio heaters run on natural gas or propane gas. They also run on electricity. During the operation of a patio heater, heat is radiated in a circular pattern around the appliance. Patio heaters facilitate the provision of warmth in their vicinity.
Technavio’s analysts forecast the global patio heaters market to grow at a CAGR of 7.34% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global patio heaters market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Patio Heaters Market 2018-2022
Technavio recognizes the following companies as the key players in the global patio heaters market: Bond Manufacturing, Bromic Group, Infrared Dynamics, SYMO nv, and Wolf Steel.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advancements. The lifespan of low-quality patio heaters is less than that of superior-quality patio heaters. Inferior-quality patio heaters are not aesthetically appealing. Nor are they appealing in terms of functionality. Of late, customers in the market are opting for technologically advanced and high-quality patio heaters. Such patio heaters are highly efficient.”
According to the report, one driver in the market is innovation and portfolio extensions leading to product premiumization. Product premiumization positively influences the growth of the global patio heaters market. Product innovation strategies and portfolio extensions are significant drivers of product premiumization. In the global patio heaters market, patio heaters with innovative features and functionality are highly priced as compared to other types of heaters.
Further, the report states that one challenge in the market is adverse environmental impacts. The rising popularity of patio heaters has contributed to several adverse environmental impacts. One such impact is global warming. The use of patio heaters contributes to the emission of carbon-di-oxide. The increasing use of patio heaters in outdoor spaces contributes to increased carbon-dioxide emissions.