Electric Wall Heater Industry Analysis 2021: COVID-19 Impact 2021: Global Industry Analysis, Opportunity Assessment and Forecast to 2023

 

Market Overview

The Global Electric Wall Heater Market is expected to be valued at USD 4,566.18 Million by 2025 with a CAGR of 5.66% during the forecast period (2019–2025).

The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. An electric wall heater consists of an electric element with a reflector behind it to reflect heat into the specified area. Electric wall heaters are installed on interior walls. The electric wall heater is designed to serve as a versatile solution to maintain the indoor temperature of both residential and non-residential applications. It provides several benefits such as ease of installation, excellent safety features, cost-effectiveness, space-saving, and energy efficiency.

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Segmental Analysis

The global electric wall heater market is segmented based on application, and power.

On the basis of application, the global electric wall heater market is divided into into residential and non-residential. The residential segment is expected to dominate the market, owing to the growing urbanization, rapidly changing lifestyle, and an increase in demand for comfort features in homes.

In terms of value the residential segment accounted for the larger market share of 69.56% in 2018, with a market value of USD 2,175.5 million; it is expected to register a CAGR of 5.04% during the forecast period. The non-residential segment was valued at USD 952.0 million; it is projected to register the higher CAGR of 6.99%.

On the basis of power, the global electric wall heater market is segmented into <1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt, and > 2000 Watt. In 2018, the 1000 to 1600 Watt segment held the largest market share of 39.31% in 2018, with a market value of USD 1,229.4 million. This value is projected to reach USD 1,996.5 Million by 2025. This segment is expected to grow with the fastest CAGR of 7.25% during the forecast period.

Competitive Analysis

Some of the prominent players operating in the global electric wall heater market report are Marley Engineered Products, Stiebel Eltron Inc., Markel Products Company, Trane, Broan, Inc., WarmlyYours.com, Inc., King Electric, Indeeco, Glen Dimplex Group, and Radiant Systems.

 

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Regional Analysis

 

The Global Electric Wall Heater Market is expected to reach USD 4,566.18 Million at a CAGR of over 5.66% by the end of the forecast period.

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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