Market Overview
Electric wall heater market 2022 can accrue a steady CAGR of 5.80% from 2022-2030 (review period), reveals Market Research Future (MRFR).
An electric wall heater is a type of heating device designed to provide localized warmth and comfort in residential, commercial, and industrial spaces. It is mounted on the wall, typically at a higher position, and is directly connected to the electrical supply for operation. Electric wall heaters are popular choices for supplemental heating, zone heating, or as the primary heating source in smaller rooms.
Electric wall heaters offer efficient and convenient heating solutions for localized spaces. With their easy installation, compact design, and various heating technologies, they are a popular choice for supplemental heating or as primary heating sources in smaller areas. Whether used in residential, commercial, or industrial settings, electric wall heaters provide reliable and customizable warmth to create comfortable environments for occupants.
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Segmentation
The electric wall heater industry can be segmented with respect to application and power.
· The applications of electric wall heaters are non-residential as well as residential. In 2018, the residential segment led the global market since homes are increasingly using electric wall heaters in light of the rising urbanization rate, rapidly evolving lifestyle, and the high preference for comfort features.
· The power-based segments are <1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt, along with > 2000 Watt. The highest market share can belong to the 1000 to 1600-Watt segment, as a result of the growing demand for energy efficient but high capacity heaters in commercial as well as residential applications. This has led to higher demand for 1000 to 1600-Watt capacity electric wall heaters in the global market.
Key Players:
Some of the renowned industry contenders profiled in the report are
· Stiebel Eltron Inc.
· Marley Engineered Products
· King Electric
· Radiant Systems
· Trane
· Indeeco
· Glen Dimplex Group, Broan Inc.
· Markel Products Company
· WarmlyYours.com, Inc.
Recent Development:
The United States has emerged as a major producer of electric wall heaters, solidifying its position in the global market. Over the past few years, the electric wall heater industry in the United States has experienced significant growth, reflecting the increasing demand for efficient and localized heating solutions.
Shifting Energy Trends:
Internationally, there is a growing trend toward reducing reliance on fossil fuels as a primary energy source. Alternative energy sources, such as solar and wind power, are gaining prominence due to their environmental-friendliness and lower costs compared to fossil fuels. This shift in energy preferences is influencing various industries, including the electric wall heater sector, as manufacturers and consumers seek more sustainable heating solutions.
Opportunities in Thermal Energy:
Thermal energy is one of the viable alternative solutions that can be harnessed for various applications, including water heaters and electric power generation. By utilizing thermal energy, electric wall heaters can be designed to be even more energy-efficient and eco-friendly, aligning with the growing demand for sustainable heating options.
Challenges and Government Support:
Despite the industry's growth potential and the benefits of using alternative energy sources, there are challenges to overcome. The electric wall heater market's growth might be hindered by the low importance placed by government sectors toward supporting the development of electric wall heater facilities. Government support and incentives are crucial in fostering the adoption of alternative energy solutions and encouraging the growth of the electric wall heater industry.
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