Electric Wall Heater Market Size, Share, Growth, And Industry Analysis by Type (Fixed, Portable) by Application (Residential, Commercial) Regional Forecast From 2024 To 2031

Electric Wall Heater Market Report Overview

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The global electric wall heater market size was USD 2882.46 million in 2021 and the market is expected to reach USD 4923.88 million in 2031, exhibiting a CAGR of 5.5 % during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with electric wall heater market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

An electric wall heater is a device that warms the chilled water delivered by the pipes. Uses for this heated water include running a hot bath or shower, running washing machines, and running dishwashers. Numerous technologies, including the heat pump, condensing gas water heaters, gas, electric tankless systems, etc., have been developed over the past several decades to make water heaters more energy efficient. In recent years, as living standards have improved in many regions, there has been an increase in the demand for water heaters.

When compared to conventional heating systems, electric wall heaters can be especially helpful to landlords or owners of private property since they can significantly reduce operating expenses. Manufacturers in the electric wall heaters market are continually offering energy standards and quality certified electric wall heaters to keep ahead of customers demand as there are more picky consumers. Additionally, producers have released foldable and portable electric wall heaters that offer adaptability for various situations. Electric wall heater demand is expected to increase significantly in the near future as energy efficiency rules become more severe, which will fuel the electric wall heater market size.

COVID-19 Impact: Pandemic Decelerated The Demand For Electrical Wall Heater And Fostered The  Market Growth

The funds of a few contemporary businesses in the area were destroyed by the pandemic. However, since players have grown more active and are using internet business to provide a consistent supply of goods and services to their customers, disregarding specific limits, the beginning of 2021 is bringing progress. The COVID-19 pandemic reduced consumer expenditure, which resulted in cheaper credit rates for a few essential items, most notably electric water radiators. A protracted lockout caused a hole in the stockpile request and an interruption in the supply of components needed for the creation of electric water heaters. The duration of the viral propagation continues to be a key factor in determining the pandemic's overall impact. In any event, the market for electric wall heaters is likely to reach equilibrium around 2021. 

Latest Trends

"Evolution Of Design Complements Using Modern Infrastructure To Set A Market Trend"

Electric wall heater manufacturers have introduced a variety of design changes that are suitable for different construction outlooks such as homes, schools, stores, offices, hospitals, dormitories, and public places such as transportation hubs in order to align their products with developing modern infrastructure. Manufacturers offer specialised solutions that meet various customer requirements, ranging from a sturdy to beautiful design. Internal technologies have also been upgraded to improve heating efficiency in addition to the improved attractiveness of the outside. Electric wall heaters are often classified as 500 watt (volts), 500-1000 watt, 1000-1500 watt, and >1500 watt based on power rating. Depending on the end user application and the size of the room or area, several electric wall heaters are employed. Although wall-mounted electric wall heaters are seen to be more sophisticated, manufacturers have started making portable electric wall heaters in response to changing consumer demand, especially for smaller places like restrooms. These electrical appliances are now widely available thanks to their steadily increasing popularity through a variety of sales channels, including e-commerce, electrical specialty stores, and modern trade. 

Electric Wall Heater Market Segmentation

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• By type

Depending on electric wall heater market given are types: Fixed, Portable. The Fixed type will capture the maximum market share through 2031.

• By Application

The market is divided in Residential, Commercial based on application. The global electric wall heater market  players in cover segment like Residential will dominate the market share during 2021-2031.

Driving Factors

"Energy Efficiency Is A Major Factor Driving Market Growth"

Electric wall heaters that are energy efficient are being introduced by manufacturers to help consumers with their tight budgets. Manufacturers are releasing items that consume less energy while providing a better heating experience thanks to the application of new technologies. Smart sensors are used to automatically change the power supply to take into account both input power and ambient temperature. Additionally, solar panels or other renewable energy sources may be used to power contemporary electric wall warmers. As a result, one of the major factors supporting the global electric wall heater market growth because of energy efficiency.

"Operational Comfort Driving Consumer Traction And Market Growth"

Modern electric wall heaters are quieter than earlier models since new motor designs have been used. Older fans had a base noise. Smart thermostats eliminate significant temperature fluctuations while automatically adjusting the fan speed. Modern electric wall heaters come with tamperproof settings to set maximum and lowest temperatures in addition to the widely used digital screen display and remote control choices. Additionally, pre-set mode enables pre-programmed setting of day or night temperatures in advance, notably for situations like leaving the house or room. Efficiency and simplicity of use work together to provide customers a more comfortable experience. As a result, the operational efficiency feedback of certain products is a major factor in the electric wall heater market growth worldwide.

Restraining Factors

"The Need For High Operating Expenses To Restrain Market Expansion"

The cost of electricity is a significant portion of the entire operating cost of electric wall heater since they use energy to heat up. In addition, the price of power is increasing year after year due to the expanding worldwide energy consumption. electric wall heaters have greater operating expenses as a result of this. Additionally, compared to older, less efficient goods, fluorescent heaters with better energy efficiency offer a major benefit. By inhibiting heat transmission between the heater and the environment around it, a thermal insulating layer added to a portable heater increases energy efficiency. Some types of readily available heaters, such silicone-based models, include thermal insulation layers that drastically limit heat loss by a factor of -50%. As a consequence, such lightweight heaters use at least 50% less energy when operating.

Electric Wall Heater Market Regional Insights

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"North America Could Emerge As The Worldwide Leader Thanks To The Existence Of A Massive Number Of Well-Known Manufacturers"

Modern electric wall heaters are quieter than earlier models since new motor designs have been used. Older fans had a base noise. Smart thermostats eliminate significant temperature fluctuations while automatically adjusting the fan speed. Modern electric wall heaters come with tamperproof settings to set maximum and lowest temperatures in addition to the widely used digital screen display and remote control choices. Additionally, pre-set mode enables pre-programmed setting of day or night temperatures in advance, notably for situations like leaving the house or room. Efficiency and simplicity of use work together to provide customers a more comfortable experience. As a result, the operational efficiency feedback of certain products is a major factor in the growth of the worldwide electric wall heater market share. 

Europe holds the second-largest electric wall heater market share since the European Union and Europe Energy Efficiency have established a variety of ratings and regulations for electronic goods that producers must adhere to. These companies have also been motivated to create heaters that are economical and efficient in terms of energy use. Numerous multinational electric wall heater producers are vying for market share in Europe due to factors including the region's constant cold weather, high per capita income, stringent energy laws and regulations, and temperature swings.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP ELECTRIC WALL HEATER COMPANIES

• ProCom (Canada)
• Broan (U.S)
• Cadet (U.S)
• Dyna-Glo (U.S)
• Stiebel Eltron (Germany)
• King Electric (U.S)
• Williams (U.S)
• Fahrenheat (Germany)
• FLAMELUX (U.K)
• WarmlyYours (U.S)
• Eco-Heater (U.S)
• Reddy Heater (U.S)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.