Global Space Heaters Market 2017-2021
About Space Heaters Space heaters are electrical equipment that are used to heat a small room. Space heaters are used as a complementary heat source in addition to the central heating system that facilitates zonal heating and minimizes energy costs. Fan heaters, ceramic heaters, radiant heaters, and convection heaters are the major types of space heaters.
Technavio’s analysts forecast the global space heaters market to grow at a CAGR of 5.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global space heaters market for 2017-2021. 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 Space Heaters Market 2017-2021
Technavio recognizes the following companies as the key players in the global space heaters market: De'Longhi Appliances, Honeywell International, Jarden Consumer solutions and Lasko Products.
Other Prominent Vendors in the market are: Crane–USA, Dyson, Heat Storm, Optimus Enterprise, Sunpentown International, SUNHEAT INTERNATIONAL and Vornado Air.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for propane space heating products. The demand for propane space heating products will increase during the forecast period. The rising electricity prices in developed countries is propelling the demand for propane space heating products. In 2014, nearly 40% of the US households relied on electrical heaters as their primary heating source.”
According to the report, one driver in the market is growth in expenditure on essential items in emerging nations. The increase in per capita income will drive the market for space heaters in growing nations. An increase in the adoption of electric and technologically advanced products is seen in developing markets, especially among the higher income segments. As the number of working families is rising, people have started opting for electric home appliances. With the improved scope for high-priced space heaters, small players are introducing new products to capitalize the increasing purchasing power of consumers.
Further, the report states that one challenge in the market is growing market for technologically advanced HVAC systems. HVAC (Heating, ventilation and air conditioning) products provide conditioned air. Conditioned air is clean and odor-free with its temperature, humidity, and movement controlled. HVAC systems are widely used across residential and non-residential sectors. They are used in buildings to help with mechanization and provide good indoor air quality through adequate ventilation and air filtration. HVAC systems use equipment such as heat exchangers, pumps, and fans to control and regulate a room's humidity and temperature.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-general-retail-goods-and-services-global-space-heaters-market-2017-2021
De'Longhi Appliances, Honeywell International, Jarden Consumer solutions, Lasko Products, Crane–USA, Dyson, Heat Storm, Optimus Enterprise, Sunpentown International, SUNHEAT INTERNATIONAL and Vornado Air.
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