How large is the portable electric heaters market, and what is its growth trajectory?
The portable electric heaters market size has grown strongly in recent years. It will grow from $10.3 billion in 2024 to $10.99 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing awareness of energy efficiency, increasing urbanization, rising energy costs, increased awareness of safety, growing number of portable electric heaters.
The portable electric heaters market size is expected to see strong growth in the next few years. It will grow to $14.07 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising disposable income, increased demand for flexible heating solutions, increasing concerns about greenhouse gas emissions, growing residential and commercial construction activities, rising consumer preference for smart and connected heating devices. Major trends in the forecast period include technological advancements, product development, integration of smart technologies, diversification of heating technologies, integration of features such as remote control.
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Which industry factors have accelerated the portable electric heaters market’s expansion?
The increasing awareness about energy efficiency is expected to propel the growth of the portable electric heaters market going forward. Energy efficiency refers to the ability of a system or device to perform its intended function with minimal energy consumption, effectively reducing waste and cost. The increasing awareness about energy efficiency is due several factors such as environmental benefits, financial savings, alignment with sustainability goals. Portable electric heaters can be required for energy efficiency when used selectively to heat specific zones or rooms, minimizing overall energy consumption compared to heating the entire home or office space. For instance, in December 2022, according to the International Energy Agency (IEA), a France-based organization, global investments in energy efficiency, including building renovations, public transport, and electric car infrastructure, reached USD 560 billion in 2022, marking a 16% increase compared to 2021. In 2022, initial findings suggest that global energy efficiency improved by 2%, a rate nearly four times faster than the previous two years and almost double that of the past five years. Therefore, the increasing awareness about energy efficiency is driving the growth of the portable electric heaters market.
What are the primary segments of the portable electric heaters market?
The portable electric heaters market covered in this report is segmented –
1) By Type: Convector Heaters, Oil-Filled Heaters, Halogen Heaters, Other Types
2) By Distribution Channel: Direct Sales, Indirect Sales
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Convector Heaters: Wall-Mounted Convector Heaters, Free-Standing Convector Heaters, Slimline Convector Heaters
2) By Oil-Filled Heaters: Column Oil Heaters, Panel Oil Heaters, Smart Oil-Filled Heaters
3) By Halogen Heaters: Compact Halogen Heaters, Oscillating Halogen Heaters, Multi-Tube Halogen Heaters
4) By Other Types: Ceramic Heaters, Infrared Heaters, Fan-Forced Heaters, Micathermic Heaters
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Which firms are leading the portable electric heaters market?
Major companies operating in the portable electric heaters market are Honeywell International Inc., De Longhi Appliances Srl, Crane Holdings Co., Lasko Products LLC, Dimplex North America Ltd., Dyson Corp., Vornado Air LLC, Duraflame Inc., Cadet Manufacturing Co., Rowenta, NewAir, Insignia Pty Ltd., GHP Group Inc., The Holmes Group Inc., Soleus Air, Sunpentown International Inc., Lifesmart Inc., Pelonis Technologies Inc., Comfort Glow Heating, Pro Breeze Ltd., SPT Corp., Bionaire Inc., Comfort Zone, Stadler Form, TaoTronics
Which market trends are set to define the future of the portable electric heaters market?
Major companies operating in the portable electric heater market are developing innovative products, such as smart space heaters, to provide efficient, automated heating solutions. Smart space heaters are advanced heating devices that leverage technology for efficient and automated temperature management. For instance, in November 2023, Govee Life Technology Limited, a China-based manufacturing company, launched a smart space heater that specializes in enhancing comfort and convenience in heating solutions. Positive temperature coefficient (PTC) technology enables these heaters to heat up spaces quickly, reaching temperatures of 77°F in just 2 seconds. The integration of smart control allows users to manage the heaters remotely via the Govee app, as well as through voice commands with Alexa and Google Assistant, eliminating the need for traditional physical controls.
Which geographic trends are shaping the portable electric heaters market, and which region has the highest market share?
North America was the largest region in the portable electric heaters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the portable electric heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Portable Electric Heaters Market Report 2025 Offer?
The portable electric heaters market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Portable electric heaters are compact, electrically powered devices designed to heat small to medium-sized spaces. They come in various types and models, offering different heating mechanisms and features. They are typically designed to be easily carried or moved from one location to another, making them convenient for providing localized heating in various settings.
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