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A myriad of factors influence the electric wall heater market, which thus determines its dynamics. A significant factor is consumer demand depending on a lot of things like the energy efficiency, cost-effectiveness, and also ease of installation. With environmental consciousness and sustainable living growing in popularity across the globe, consumers look for energy-efficient devices that use less electricity than any other forms of heating systems.
And one such device is an electric wall heater as it saves a great deal of money when compared to the traditional types. Government stipulations and regulations also influence the market for electric wall heater in a major way. Since regulatory bodies globally urge energy conservation and to reduce carbon emissions, the heating systems regulations become stricter. It resulted in higher consumer demand for electric wall heaters, which are usually believed to comply with the above regulations.
Another important driving factor for the electric wall heater market is the technological developments. Thanks to the innovation, the heating solutions are becoming increasingly complex and manufacturers find themselves forced to respond by incorporating advanced technologies into their products. The electric wall heaters have such smart features along with remote controls and energy management systems which makes them much more popular among the consumers who loves the modernized heating process.
Economic factors also play a major role in the development of electric wall heater market. In times of prosperity, consumers are likely to make investments in the projects that change the structure of their homes such as a replacement heating system. On the other hand, a recession can cause a temporary slowdown in the market growth because people concentrate on necessary expenditures instead of extra spending.
Housing market also plays a major role in the electric wall heater industry. Heating demands are based on the construction trends, housing preferences, and also the overall market. With the construction industry moving towards more green and efficient methods of energy usage, the electric wall heater market is poised to gain from this trend.
Consumer demographic and also lifestyle fluctuations also sculpt the market for electric wall heaters.
For example, the rising prevalence of smaller families and urban living spaces might generate a demand for compact heating systems that save space. Also, with the increased teleworking trends among the consumers such as heating solutions focusing on zonal temperature control will be preferred by them so that they can effectively heat up areas of their homes. The global environmental issues also touch the electric wall heater market alot.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 3.7 Billion |
| Growth Rate | 5.04% (2024-2032) |
Electric Wall Heater Market Highlights:
Global Electric Wall Heater Market Overview
The Electric Wall Heater Market industry is projected to grow from USD 3.91 Billion in 2024 to USD 5.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.04% during the forecast period (2024 - 2032). Electric Wall Heater Market Size was valued at USD 3.7 Billion in 2023. Rapid urbanization, as well as changing lifestyles is the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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.
Manufacturers are introducing energy-efficient electric wall heaters to help consumers with their restricted budgets. Manufacturers are releasing products that use less energy while giving a better heating experience as a result of the use of new technology. Smart sensors are used to modify the power supply automatically to account for both input power and ambient temperature. Solar panels or other renewable energy sources can also be utilized to power modern electric wall heaters. As a result, energy efficiency is one of the primary reasons driving the worldwide electric wall heater market growth.
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 materials 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.
Electric Wall Heater Market Segment 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, MRFR 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.
Electric Wall Heater 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)
Source: Secondary Research, Primary Research, MRFR 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.
Electric Wall Heater Key Market Players & 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 include
- Marley Engineered Products
- Stiebel Eltron Inc. Markel Products Company
- Trane
- Broan Inc.
- com Inc.
- King Electric
- Indeeco
- Glen Dimplex Group
- Radiant Systems
Electric Wall Heater 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.
Electric Wall Heater Market Segmentation
Electric Wall Heater Market By Application Outlook
- Residential
- Non-Residential
Electric Wall Heater Market By Power Outlook
- <1000 Watt
- 1000 to 1600 Watt
- 1600 to 2000 Watt
- >2000 Watt
Electric Wall Heater Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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