Global Heater Market - Forecasts from 2025 to 2030
Description
Global Heater Market is expected to grow at a 5.30% CAGR, achieving USD 78.419 billion by 2030 from USD 60.581 billion in 2025.
The global heater market is poised for substantial expansion throughout the forecast period, driven by the critical role of heaters as versatile appliances that produce heat for water or ambient air. These devices extend beyond basic space heating to encompass cooking, water heating, and diverse industrial applications, rendering them essential in contemporary settings due to their adaptability across residential, commercial, and manufacturing needs. A key catalyst for this upward trajectory is the escalating integration of heaters in cooking processes, which is propelling overall market advancement.
Electromagnetic induction heating stands out for its superior safety profile, scalability, and energy efficiency, attributes that have solidified its established presence in culinary applications. This technology powers a range of appliances, including electric stoves, microwaves, and induction cooktops. Ongoing innovations through new product introductions are anticipated to further accelerate market momentum. For example, in January 2023, GE Appliances launched a comprehensive lineup of 14 induction cooktops under its Monogram, CAFÉ, and GE Profile brands, incorporating connected features designed to streamline cooking operations. Such advancements in kitchen appliances are projected to sustain and enhance growth in the global heater sector over the forecast period.
Parallel to culinary applications, the expanding deployment of heaters in industrial processes represents another pivotal growth driver. Process heaters are integral to enhancing operational efficiency in manufacturing, facilitating essential functions such as drying, evaporation, melting, curing, heat treating, and distillation. The surge in demand for these heating solutions is closely tied to escalating industrial investments, which are expected to intensify the need for advanced process heating and thereby bolster market expansion. Notably, in April 2023, the U.S. Census Bureau reported a marked rise in total industrial manufacturing investment, climbing from $91,664 million in February 2022 to $140,667 million in February 2023—an impressive 53.5% increase. This heightened capital inflow into industrial sectors, coupled with the broadening scope of heating applications, is set to reinforce the global heater market's growth trajectory during the forecast period.
From a geographical perspective, the Asia-Pacific region is expected to emerge as the dominant force in the global heater industry over the forecast period. This leadership position stems from accelerating urbanization, a pressing demand for advanced heating technologies, strategic new product rollouts, and the expansion of domestic manufacturing capabilities. These factors collectively position Asia-Pacific to capture and drive a significant share of market growth. Illustrative of this trend, in January 2023, Hindware Home Innovation, in collaboration with its French joint venture partner Group Atlantic, inaugurated a dedicated water heater production facility in India. The initiative targets an annual output of 600,000 units across heating and water heater categories, aimed at broadening national market penetration. Complementing this, Havells unveiled the Otto and Orizzonte storage water heater series in India during 2022, with the Otto available in 10-liter, 15-liter, and 25-liter capacities, and the Orizzonte in 15-liter and 25-liter variants. These developments in manufacturing infrastructure and product innovation are poised to amplify the region's influence and contribute decisively to the global heater market's overall advancement in the coming years.
In essence, the interplay of enhanced cooking integrations, industrial process efficiencies fueled by investment surges, and Asia-Pacific's manufacturing and urbanization dynamics forms a robust foundation for the heater market's projected growth. As these elements converge, they underscore the sector's evolving role in meeting diverse thermal demands across global economies.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.
Market Segmentation
GLOBAL HEATER MARKET BY PRODUCT TYPE
Portable
Stationery
GLOBAL HEATER MARKET BY FUEL
Electric
Natural Gas
Others
GLOBAL HEATER MARKET BY APPLICATION
Water Heating
Space & Room Heating
Industrial Process Heating
Others
GLOBAL HEATER MARKET BY END-USER
Residential
Commercial/ Industrial
GLOBAL HEATER MARKET BY GEOGRAPHY
North America
By Product Type
By Fuel
By Application
By End-User
By Country
USA
Canada
Mexico
South America
By Product Type
By Fuel
By Application
By End-User
By Country
Brazil
Argentina
Others
Europe
By Product Type
By Fuel
By Application
By End-User
By Country
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
By Product Type
By Fuel
By Application
By End-User
By Country
Saudi Arabia
UAE
Israel
Others
Asia Pacific
By Product Type
By Fuel
By Application
By End-User
By Country
China
India
Japan
South Korea
Indonesia
Thailand
Taiwan
Others
The global heater market is poised for substantial expansion throughout the forecast period, driven by the critical role of heaters as versatile appliances that produce heat for water or ambient air. These devices extend beyond basic space heating to encompass cooking, water heating, and diverse industrial applications, rendering them essential in contemporary settings due to their adaptability across residential, commercial, and manufacturing needs. A key catalyst for this upward trajectory is the escalating integration of heaters in cooking processes, which is propelling overall market advancement.
Electromagnetic induction heating stands out for its superior safety profile, scalability, and energy efficiency, attributes that have solidified its established presence in culinary applications. This technology powers a range of appliances, including electric stoves, microwaves, and induction cooktops. Ongoing innovations through new product introductions are anticipated to further accelerate market momentum. For example, in January 2023, GE Appliances launched a comprehensive lineup of 14 induction cooktops under its Monogram, CAFÉ, and GE Profile brands, incorporating connected features designed to streamline cooking operations. Such advancements in kitchen appliances are projected to sustain and enhance growth in the global heater sector over the forecast period.
Parallel to culinary applications, the expanding deployment of heaters in industrial processes represents another pivotal growth driver. Process heaters are integral to enhancing operational efficiency in manufacturing, facilitating essential functions such as drying, evaporation, melting, curing, heat treating, and distillation. The surge in demand for these heating solutions is closely tied to escalating industrial investments, which are expected to intensify the need for advanced process heating and thereby bolster market expansion. Notably, in April 2023, the U.S. Census Bureau reported a marked rise in total industrial manufacturing investment, climbing from $91,664 million in February 2022 to $140,667 million in February 2023—an impressive 53.5% increase. This heightened capital inflow into industrial sectors, coupled with the broadening scope of heating applications, is set to reinforce the global heater market's growth trajectory during the forecast period.
From a geographical perspective, the Asia-Pacific region is expected to emerge as the dominant force in the global heater industry over the forecast period. This leadership position stems from accelerating urbanization, a pressing demand for advanced heating technologies, strategic new product rollouts, and the expansion of domestic manufacturing capabilities. These factors collectively position Asia-Pacific to capture and drive a significant share of market growth. Illustrative of this trend, in January 2023, Hindware Home Innovation, in collaboration with its French joint venture partner Group Atlantic, inaugurated a dedicated water heater production facility in India. The initiative targets an annual output of 600,000 units across heating and water heater categories, aimed at broadening national market penetration. Complementing this, Havells unveiled the Otto and Orizzonte storage water heater series in India during 2022, with the Otto available in 10-liter, 15-liter, and 25-liter capacities, and the Orizzonte in 15-liter and 25-liter variants. These developments in manufacturing infrastructure and product innovation are poised to amplify the region's influence and contribute decisively to the global heater market's overall advancement in the coming years.
In essence, the interplay of enhanced cooking integrations, industrial process efficiencies fueled by investment surges, and Asia-Pacific's manufacturing and urbanization dynamics forms a robust foundation for the heater market's projected growth. As these elements converge, they underscore the sector's evolving role in meeting diverse thermal demands across global economies.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.
Market Segmentation
GLOBAL HEATER MARKET BY PRODUCT TYPE
Portable
Stationery
GLOBAL HEATER MARKET BY FUEL
Electric
Natural Gas
Others
GLOBAL HEATER MARKET BY APPLICATION
Water Heating
Space & Room Heating
Industrial Process Heating
Others
GLOBAL HEATER MARKET BY END-USER
Residential
Commercial/ Industrial
GLOBAL HEATER MARKET BY GEOGRAPHY
North America
By Product Type
By Fuel
By Application
By End-User
By Country
USA
Canada
Mexico
South America
By Product Type
By Fuel
By Application
By End-User
By Country
Brazil
Argentina
Others
Europe
By Product Type
By Fuel
By Application
By End-User
By Country
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
By Product Type
By Fuel
By Application
By End-User
By Country
Saudi Arabia
UAE
Israel
Others
Asia Pacific
By Product Type
By Fuel
By Application
By End-User
By Country
China
India
Japan
South Korea
Indonesia
Thailand
Taiwan
Others
Table of Contents
142 Pages
- 1. EXECUTIVE SUMMARY
- 2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
- 3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter’s Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
- 4. TECHNOLOGICAL OUTLOOK
- 5. GLOBAL HEATER MARKET BY PRODUCT TYPE
- 5.
- 1. Introduction
- 5.2. Portable
- 5.3. Stationery
- 6. GLOBAL HEATER MARKET BY FUEL
- 6.
- 1. Introduction
- 6.2. Electric
- 6.3. Natural Gas
- 6.4. Others
- 7. GLOBAL HEATER MARKET BY APPLICATION
- 7.
- 1. Introduction
- 7.2. Water Heating
- 7.3. Space & Room Heating
- 7.4. Industrial Process Heating
- 7.5. Others
- 8. GLOBAL HEATER MARKET BY END-USER
- 8.
- 1. Introduction
- 8.2. Residential
- 8.3. Commercial/ Industrial
- 9. GLOBAL HEATER MARKET BY GEOGRAPHY
- 9.
- 1. Introduction
- 9.2. North America
- 9.2.1. By Product Type
- 9.2.2. By Fuel
- 9.2.3. By Application
- 9.2.4. By End-User
- 9.2.5. By Country
- 9.2.5.1. USA
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. South America
- 9.3.1. By Product Type
- 9.3.2. By Fuel
- 9.3.3. By Application
- 9.3.4. By End-User
- 9.3.5. By Country
- 9.3.5.1. Brazil
- 9.3.5.2. Argentina
- 9.3.5.3. Others
- 9.4. Europe
- 9.4.1. By Product Type
- 9.4.2. By Fuel
- 9.4.3. By Application
- 9.4.4. By End-User
- 9.4.5. By Country
- 9.4.5.1. Germany
- 9.4.5.2. France
- 9.4.5.3. United Kingdom
- 9.4.5.4. Spain
- 9.4.5.5. Others
- 9.5. Middle East and Africa
- 9.5.1. By Product Type
- 9.5.2. By Fuel
- 9.5.3. By Application
- 9.5.4. By End-User
- 9.5.5. By Country
- 9.5.5.1. Saudi Arabia
- 9.5.5.2. UAE
- 9.5.5.3. Israel
- 9.5.5.4. Others
- 9.6. Asia Pacific
- 9.6.1. By Product Type
- 9.6.2. By Fuel
- 9.6.3. By Application
- 9.6.4. By End-User
- 9.6.5. By Country
- 9.6.5.1. China
- 9.6.5.2. India
- 9.6.5.3. Japan
- 9.6.5.4. South Korea
- 9.6.5.5. Indonesia
- 9.6.5.6. Thailand
- 9.6.5.7. Taiwan
- 9.6.5.8. Others
- 10. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 10.1. Major Players and Strategy Analysis
- 10.2. Market Share Analysis
- 10.3. Mergers, Acquisitions, Agreements, and Collaborations
- 10.4. Competitive Dashboard
- 11. COMPANY PROFILES
- 11.1. Hotstart
- 11.2. Phillips & Temro Industries
- 11.3. MAHLE GmbH
- 11.4. Backer Hotwatt
- 11.5. Hubbell Incorporated
- 11.6. Hazloc Heaters
- 11.7. Lasko Products LLC
- 11.8. Honeywell International Inc.
- 11.9. De'Longhi Appliances S.r.l.
- 11.10. Carrier
- 11.11. Watlow Electric Manufacturing Company
- 11.12. Chromalox, Inc.
- 11.13. Tempco Electric Heater Corporation
- 11.14. Omega Engineering (Dwyer Instruments)
- 11.15. Durex Industries
- 12. APPENDIX
- 12.1. Currency
- 12.2. Assumptions
- 12.3. Base and Forecast Years Timeline
- 12.4. Key Benefits for the Stakeholders
- 12.5. Research Methodology
- 12.6. Abbreviations
- LIST OF FIGURES
- LIST OF TABLES
Pricing
Currency Rates
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