The Outdoor Heating Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Outdoor Heating Global Market Report 2024, The outdoor heating market size has grown strongly in recent years. It will grow from $3.83 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in outdoor living spaces, rising popularity of outdoor entertaining, hospitality industry demand, home improvement and renovation trends, climate variability and seasonal use.
The outdoor heating market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to focus on home outdoor comfort, rise in outdoor dining preferences, hospitality industry recovery, urbanization and limited indoor spaces, awareness of health and wellness outdoors. Major trends in the forecast period include integration of smart and connected features, versatile fuel options and hybrid heating systems, focus on safety features and compliance, innovations in tabletop and decorative heating, year-round outdoor living solutions.
The adoption of electric heaters by consumers is expected to drive the growth of outdoor heating going forward. Electric heaters are electric heating appliances that use electrical energy as an input power source and transform that energy into thermal energy to warm the air or objects in a specific location. An electric heating system is used for temperature and humidity control in a building, planting in cold areas, hotels, and restaurants. Home electric heaters are safe to use, consume less electricity, and continue to produce heat for a long period after being switched off. For instance, according to Growth from Knowledge (GfK), a Germany based provider of data and intelligence to the consumer goods industry, A whopping 958,000 electric heaters have been sold in Germany since the beginning of 2022. The volume of electric heater sales in the German market has jumped by 76% in January-August 2022 over the same period a year earlier. Therefore, the adoption of electric heaters by consumers is driving the growth of the outdoor heating market.
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The outdoor heating market covered in this report is segmented
1) By Types: Portable, Standalone Heaters, Tabletop, Mountable
2) By Fuel Type: Electric, Gas or Propane, Wood and Solid Fuel
3) By Applications: Restaurant Patios, Rooftop Decks, Transit Shelters, Public Spaces
4)By End-User: Residential, Commercial
Major companies in the outdoor heating market are focusing on product launches, such as heat pumps, to replace gas or oil boilers in houses. A heat pump is a mechanical device that transfers heat from one location to another, typically extracting warmth from the outside environment and delivering it inside for heating or vice versa for cooling. For instance, in August 2023, Daikin Industries Ltd., a Japan-based multinational company that manufactures air conditioners and refrigerants, launched the New Daikin Altherma 3 R MT heat pump. This pump stands out in the outdoor heating market with its versatility and efficiency. Tailored for heating system renovations, its features, including boiler replacement capability, wide operating range in harsh winters, high energy efficiency, and space-saving design, collectively make it an invaluable solution for upgrading and modernizing residential heating systems, ensuring optimal comfort and environmental sustainability in diverse settings.
The outdoor heating market report table of contents includes:
1. Executive Summary
2. Outdoor Heating Market Characteristics
3. Outdoor Heating Market Trends And Strategies
4. Outdoor Heating Market – Macro Economic Scenario
5. Global Outdoor Heating Market Size and Growth
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26. South America Outdoor Heating Market
27. Brazil Outdoor Heating Market
28. Middle East Outdoor Heating Market
29. Africa Outdoor Heating Market
30. Outdoor Heating Market Competitive Landscape And Company Profiles
Top Major Players:
- Rinnai Corporation
- Tansun Corporation
- Bond Manufacturing Co
- Blue Rhino Enterprises LLC
- Schwank Ltd
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