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Global Space Heaters Market 2017-2021

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:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Space Heaters Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • De'Longhi Appliances
  • Honeywell International
  • Jarden Consumer solutions
  • Lasko Products
Other prominent vendors
  • Crane - USA
  • Dyson
  • Heat Storm
  • Optimus Enterprise
  • Sunpentown International
  • SUNHEAT INTERNATIONAL
  • Vornado Air
Market driver
  • Growth in expenditure on essential items in emerging nations
  • For a full, detailed list, view our report
Market challenge
  • High annual energy costs compared to other heating options
  • For a full, detailed list, view our report
Market trend
  • Growing demand for propane space heating products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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

Companies Mentioned

De'Longhi Appliances, Honeywell International, Jarden Consumer solutions, Lasko Products, Crane–USA, Dyson, Heat Storm, Optimus Enterprise, Sunpentown International, SUNHEAT INTERNATIONAL and Vornado Air.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global space heaters market: An overview
      • Table Comparison of major domestic heating devices
    • Market size and forecast
      • Table Global space heaters market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global space heaters market by product
      • Table Global space heaters market by product 2016 and 2021 (% share)
      • Table Global space heaters market by product 2016 and 2021 (CAGR)
  • Geographical segmentation
    • Global space heaters market by geography
      • Table Global space heaters market 2016 (% share)
      • Table Global space heaters market 2021 (% share)
      • Table Global space heaters market 2016-2021 (% share)
      • Table Global space heaters market 2016-2021 ($ millions)
    • Space heaters market in Europe
      • Table Space heaters market in Europe ($ millions)
      • Table Countries with the longest heating seasons in Europe (number of days)
    • Space heaters market in North America
      • Table Space heaters market in North America ($ millions)
      • Table Energy distribution in the US 2015 (% share)
    • Space heaters market in APAC
      • Table Space heaters market in APAC ($ millions)
    • Space heaters market in ROW
      • Table Space heaters market in ROW ($ millions)
  • Key leading countries
    • Table Key leading countries
    • US
    • Japan
    • Germany
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table GDP per capita and purchasing power parity 2010-2015 ($ millions)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Comparison of average annual energy costs of major heating methods
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Increasing demand for high efficient, energy saving, and safety domestic heating appliances
    • Growing demand for propane space heating products
    • Emergence of smart space heaters
      • Table Number of connected devices 2016-2021 (billion units)
      • Table Global smart home market 2016-2021 ($ billions)
      • Table Factors enabling the growth of connectivity-enabled innovations
  • Vendor landscape
    • Competitive scenario
    • Key players in the global space heaters market
      • Table Key players in the global space heaters market
    • Competitive assessment of top five vendors
      • Table Competitive assessment of top five vendors
  • Key vendor analysis
    • De'Longhi Appliances
      • Table De'Longhi Appliances: Geographical segmentation by revenue 2015
      • Table De'Longhi Appliances in the global space heaters market
    • Honeywell International
      • Table Honeywell International: Business segmentation by revenue 2015
      • Table Honeywell International: Geographical segmentation by revenue 2015
    • Jarden Consumer Solutions
      • Table Jarden Consumer Solutions: Business segmentation by revenue 2015
      • Table Jarden Consumer Solutions: Geographical segmentation by revenue 2015
      • Table Jarden Consumer Solutions in global space heaters market
    • Lasko Products
      • Table Lasko Products in the global space heaters market
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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