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    Electric Wall Heater Market

    ID: MRFR/IA - E/6627-CR
    128 Pages
    Snehal Singh
    July 2019

    Electric Wall Heater Market Research Report: Information By Application (Residential, Non-Residential), By Power (<1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt, >2000 Watt) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

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    Electric Wall Heater Market Research Report - Global Forecast till 2032 Infographic
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    Electric Wall Heater Market Summary

    As per Market Research Future Analysis, the Global Electric Wall Heater Market is projected to grow from USD 3.91 Billion in 2024 to USD 5.8 Billion by 2032, with a CAGR of 5.04% during the forecast period. The market was valued at USD 3.7 Billion in 2023, driven by rapid urbanization and changing lifestyles. The residential segment holds the largest market share due to the increasing acceptance of smart home technology and energy-efficient solutions. The 1000 to 1600 Watt category is the most popular power segment, balancing heating power and energy efficiency. North America is expected to dominate the market, followed by Europe and Asia-Pacific, with the latter anticipated to grow at the fastest CAGR from 2024 to 2032.

    Key Market Trends & Highlights

    Key trends driving the Electric Wall Heater Market include advancements in technology and increasing consumer demand for energy efficiency.

    • Market size in 2024: USD 3.91 Billion; projected to reach USD 5.8 Billion by 2032.
    • CAGR of 5.04% during the forecast period (2024 - 2032).
    • Residential segment holds the largest market share due to demand for localized heating.
    • 1000 to 1600 Watt category is the most popular, offering a balance of power and efficiency.

    Market Size & Forecast

    2024 Market Size USD 3.91 Billion
    2032 Market Size USD 5.8 Billion
    CAGR 5.04%

    Major Players

    Key players include Markel Products Company, Trane, Broan, Inc., WarmlyYours.com, Inc., King Electric, Indeeco, Glen Dimplex Group, and Radiant Systems.

    Electric Wall Heater Market Trends

    Operational Comfort Drives Consumer Traction and Market Growth

    Market CAGR electric wall heater is being driven by the operational comfort. Modern electric wall heaters are quieter than older types since improved motor designs have been adopted. Older fans made a base noise. Smart thermostats avoid large temperature variations while automatically regulating the fan speed. Modern electric wall heaters include tamperproof settings for setting maximum and lowest temperatures, as well as the widely used digital screen display and remote control options. Furthermore, pre-set mode allows for the pre-programmed setting of day or night temperatures in advance, which is useful for scenarios such as leaving the house or room.

    Customers benefit from increased efficiency and ease of use. As a result, the operational efficiency feedback of certain products is a crucial driver in the global growth of the electric wall heater market.

    The growing demand for energy-efficient and cost-effective heating solutions is a major driving force in the electric wall heater market. Consumers are turning to electric wall heaters to minimize their energy costs and carbon footprint as they become more mindful of the impact of energy consumption on the environment and their wallets. As an example, many electric wall heaters are built to be very efficient, employing cutting-edge heating methods and Material Testing to deliver heat rapidly and effectively. This can aid in lowering energy use and heating costs for consumers.

    Furthermore, electric wall heaters are frequently more convenient and simpler to install than traditional heating systems, such as gas or oil-fired boilers. As a result, they may be an appealing alternative for households and businesses wishing to replace their heating systems.

    The growing demand for energy-efficient and cost-effective heating solutions is propelling the electric wall heater market forward. Manufacturers are investing in new technologies and features to fulfill the needs of this growing industry as consumers become more aware of the benefits of these items.

    The increasing focus on energy efficiency and sustainable heating solutions is driving the adoption of electric wall heaters in residential and commercial sectors, reflecting a broader trend towards environmentally friendly technologies.

    U.S. Department of Energy

    Electric Wall Heater Market Drivers

    Market Growth Projections

    The Global Electric Wall Heater Market Industry is poised for substantial growth, with projections indicating a market size of 3.91 USD Billion in 2024 and an anticipated increase to 6.72 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 5.05% from 2025 to 2035. Such figures suggest a robust demand for electric wall heaters driven by factors such as energy efficiency, urbanization, and technological advancements. The market's expansion is indicative of a broader shift towards sustainable heating solutions, positioning electric wall heaters as a key player in the evolving landscape of home heating.

    Rising Demand for Energy Efficiency

    The Global Electric Wall Heater Market Industry experiences a notable surge in demand for energy-efficient heating solutions. As consumers become increasingly aware of energy consumption and its environmental impact, electric wall heaters are perceived as a viable alternative to traditional heating systems. These heaters often feature advanced technologies that optimize energy use, thereby reducing utility bills. In 2024, the market is projected to reach 3.91 USD Billion, reflecting a growing preference for sustainable heating options. This trend is likely to continue as energy efficiency regulations tighten globally, prompting manufacturers to innovate and enhance their product offerings.

    Government Initiatives and Incentives

    Government initiatives aimed at promoting energy efficiency and reducing carbon emissions are pivotal drivers of the Global Electric Wall Heater Market Industry. Various countries implement policies that encourage the adoption of electric heating solutions, often accompanied by financial incentives for consumers. These initiatives not only support the transition to cleaner energy sources but also stimulate market growth. As governments worldwide commit to sustainability goals, the demand for electric wall heaters is expected to rise. This regulatory support is likely to enhance market dynamics, contributing to the anticipated growth trajectory of the industry.

    Urbanization and Infrastructure Development

    Urbanization plays a pivotal role in shaping the Global Electric Wall Heater Market Industry. As urban populations expand, there is a corresponding increase in housing and infrastructure development. Electric wall heaters are favored in urban settings due to their space-saving designs and ease of installation. The ongoing construction of residential and commercial buildings in developing regions further propels market growth. With the market expected to grow to 6.72 USD Billion by 2035, the demand for efficient heating solutions in newly constructed urban spaces is anticipated to rise significantly, indicating a robust future for electric wall heaters.

    Consumer Preference for Aesthetics and Comfort

    Consumer preferences increasingly lean towards aesthetics and comfort in home heating solutions, influencing the Global Electric Wall Heater Market Industry. Electric wall heaters offer a modern and sleek design that complements contemporary interiors, appealing to homeowners and designers alike. The ability to provide consistent and comfortable heating without the bulkiness of traditional radiators further enhances their attractiveness. As the market evolves, manufacturers are likely to focus on design innovations that cater to these preferences, thereby expanding their customer base. This trend underscores the importance of aligning product offerings with consumer expectations in a competitive landscape.

    Technological Advancements in Heating Solutions

    Technological advancements significantly influence the Global Electric Wall Heater Market Industry. Innovations such as smart heating systems, programmable thermostats, and energy monitoring features enhance the functionality and appeal of electric wall heaters. These advancements not only improve user experience but also contribute to energy savings. As consumers increasingly seek integrated smart home solutions, the demand for technologically advanced electric wall heaters is likely to rise. This trend aligns with the projected CAGR of 5.05% for the period from 2025 to 2035, suggesting a promising outlook for manufacturers who invest in research and development.

    Market Segment Insights

    Electric Wall Heater Market Segment Insights

    Electric Wall Heater Market Segment Insights

    Electric Wall Heater Application Insights

    Electric Wall Heater Application Insights

    The Electric Wall Heater Market segmentation, based on Application includes Residential, Non-Residential. The residential segment has the largest market share. Electric wall heaters are popular in houses because they are simple to install, efficient, and provide localized heating. The increasing acceptance of smart home technology and the necessity for energy-efficient heating solutions are projected to drive demand for electric wall heaters in the residential segment.

    Figure1: Global Electric Wall Heater Market, by Application, 2022 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Electric Wall Heater Power Insights

    The Electric Wall Heater Market segmentation, based on Power, includes <1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt, >2000 Watt. The 1000 to 1600 Watt category has the biggest market share. This section is popular because it provides a good mix of heating power and energy efficiency, making it suited for a wide range of applications. Furthermore, electric wall heaters in this wattage range are frequently less expensive than higher wattage models, making them more accessible to consumers.

    Get more detailed insights about Electric Wall Heater Market Research Report - Global Forecast till 2032

    Regional Insights

    By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Electric Wall Heater Market area will dominate this market, owing to rising urbanization, a surge in demand for comfort and convenience in homes, and a quickly changing lifestyle. The market in this region is defined by improving government requirements and severe policies from the Industrial Heating Equipment Association (IHEA) to provide better heating solutions to workers. This is likely to generate chances for manufacturers to invest in the local market in the next years.

    Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure2: Electric Wall Heater Market Share By Region 2022 (USD Billion)

    Electric Wall Heater Market Share By Region 2022

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Europe Electric Wall Heater Market accounts for the second-largest market share due to the increasing need for energy-efficient heating solutions in residential and commercial buildings. Further, the German Electric Wall Heater Market held the largest market share, and the UK Electric Wall Heater Market was the fastest growing market in the European region

    The Asia-Pacific Electric Wall Heater Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to increased usage of smart home technologies, and the growing trend towards home automation.  Moreover, China’s Electric Wall Heater Market held the largest market share, and the Indian Electric Wall Heater Market was the fastest growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Electric Wall Heater Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Electric Wall Heaterindustry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Electric Wall Heater industry to benefit clients and increase the market sector. In recent years, the Electric Wall Heater industry has offered some of the most significant advantages to medicine. Major players in the Electric Wall Heater Market, including Markel Products Company, Trane, Broan, Inc., WarmlyYours.com, Inc., King Electric, Indeeco, Glen Dimplex Group, and Radiant Systems and others, are attempting to increase market demand by investing in research and development operations.

    Stiebel Eltron is a German firm that makes central heating products such as heat pumps. In 2008, the UK office was established on the Wirral Peninsula. Stiebel Eltron began in Berlin in 1924, when Dr. Theodor Stiebel founded it. Today, it is a low-carbon green energy specialist that manufactures ground, air, and water source heat pumps. It also manufactures ventilation, air conditioning, and system technology. It has a global turnover of €700 million and employs 4000 people. In 2019, Stiebel Eltron has produced electric wall heaters that are both energy-efficient and environmentally beneficial.

    These heaters employ sophisticated heating technologies such as infrared and ceramic heating, which are more energy-efficient than classic heating elements.

    GlenDimplex is an Irish consumer Electronics Company headquartered in Dublin, Ireland. The corporation is privately held, having manufacturing and development facilities in the Republic of Ireland, the United Kingdom, China, and numerous other locations worldwide. The company was formed as Glen Electric on August 23, 1973, in Newry, Northern Ireland, as an electric heater producer with ten employees, and it was renamed Glen Dimplex after a merger with Dimplex, a prominent electric heating appliance manufacturer. Morphy Richards and Burco Dean Appliances, situated in Mexborough near Doncaster, England, were bought by the Glen Dimplex Group.

    In 2021, Dimplex has released WiFi-enabled electric wall heaters, which can be controlled remotely via a smartphone app. Users can alter temperature settings, establish schedules, and monitor energy consumption from anywhere, making these heaters more convenient and energy-efficient.

    Key Companies in the Electric Wall Heater Market market include

    Industry Developments

    March 2022: Rointe has released electric wall heaters that are elegant, fashionable, and unobtrusive. These heaters are frequently smaller and more compact than typical electric wall heaters, making them perfect for tight quarters or areas with limited wall space.

    February 2021: Haverland has released electric wall heaters that can be linked to smart home systems like Amazon Alexa and Google Home. Users can utilize voice commands to control their electric wall heaters, making them more convenient and user-friendly. Furthermore, many electric wall heaters now have smartphone apps that enable users to change temperature settings, establish schedules, and monitor energy consumption from anywhere, making them more energy-efficient and cost-effective.

    January 2020, Warmup and Tansun have created electric wall heaters that use infrared heating technology, which is more efficient and effective than standard convection heating at heating vast spaces.

    Future Outlook

    Electric Wall Heater Market Future Outlook

    The Global Electric Wall Heater Market is projected to grow at a 5.05% CAGR from 2024 to 2035, driven by increasing energy efficiency demands and technological advancements.

    New opportunities lie in:

    • Develop smart electric wall heaters integrated with IoT for enhanced user control.
    • Expand product lines to include eco-friendly materials and energy-efficient designs.
    • Leverage online platforms for direct-to-consumer sales, enhancing market reach.

    By 2035, the market is expected to achieve substantial growth, reflecting evolving consumer preferences and technological innovations.

    Market Segmentation

    Electric Wall Heater Regional Outlook

    • US
    • Canada

    Electric Wall Heater Market By Power Outlook

    • <1000 Watt
    • 1000 to 1600 Watt
    • 1600 to 2000 Watt
    • >2000 Watt

    Electric Wall Heater Market By Application Outlook

    • Residential
    • Non-Residential

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 3.7 Billion
    Market Size 2024 USD 3.91 Billion
    Market Size 2032 USD 5.8 Billion
    Compound Annual Growth Rate (CAGR) 5.04% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors and Trends
    Segments Covered Application, Power, and Region
    Geographies Covered North America, Europe, AsiaPacific and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil
    Key Companies Profiled Marley Engineered Products, Stiebel Eltron Inc., Markel Products Company, Trane, Broan, Inc., WarmlyYours.com, Inc., King Electric, Indeeco, Glen Dimplex Group and Radiant Systems
    Key Market Opportunities Technologies for Smart Electric Wall Heaters
    Key Market Dynamics Energy-Efficient Product Demand Rapid Urbanization and Changing Ways of Life

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    How much is the Electric Wall Heater Market?

    The Electric Wall Heater Market size was valued at USD 3.7 Billion in 2023.

    What is the growth rate of the Electric Wall Heater Market?

    The global market is projected to grow at a CAGR of 5.04% during the forecast period, 2024-2032.

    Which region held the largest market share in the Electric Wall Heater Market?

    North America had the largest share in the global market.

    Which Application led the Electric Wall Heater Market?

    The residential category dominated the market in 2022.

    Which Power had the largest market share in the Electric Wall Heater Market?

    The 1000 to 1600 Watt had the largest share in the global market.

    Electric Wall Heater Market Research Report - Global Forecast till 2032 Infographic
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