Electric Wall Heater Market- Global Industry Analysis and Forecast (2023-2029)

Electric Wall Heater Market was valued at US$ 3.92 Bn. in 2022. Global Electric Wall Heater Market size is expected to grow at a CAGR of 5.89% through the forecast period.
Electric Wall Heater Market Overview:
Electric wall heaters, unlike its rivals, such as electric hydronic baseboard heaters, which require ducting for HVAC (Heating, Ventilation and Cooling), are rapidly gaining popularity in the household market. These heaters are totally self-contained; cold air is drawn in via the front, and hot air is blasted out the back, avoiding the need for ductwork.

Electric wall heaters take up less space, making them ideal for small spaces such as restrooms, kitchens, and other locations. Users may tune the exact quantity of power intake and heat output for personalized convenience with the built-in thermostat feature. Automatic shut-off is also being included to complement the anti-overheating feature of built-in thermostats. Electric wall heaters provide an energy-saving function that allows homeowners to alter the wattage to decide the amount of heat produced, conserving power while providing a diverse heating choice.To know about the Research Methodology :- Request Free Sample Report
Electric Wall Heater Market Covid-19 Insights:
The epidemic wreaked havoc on the finances of several industrial firms in this area. However, the beginning of 2021 is bringing improvement, as players have grown more active and are using e-commerce to assure a constant supply of items and services to their consumers, regardless of distance restrictions. The COVID-19 pandemic lowered consumer spending limits, resulting in lower demand for several critical items, notably electric water heaters. A prolonged lockdown led in a supply-demand gap and an interruption in the supply of equipment needed in the production of electric water heaters. The length of the viral spread is still a critical component in determining the pandemic's total impact. However, after 2021, the Electric Wall Heater market is likely to stabilize.
Electric Wall Heater Market Dynamics:
Market Drivers:

Given their affordability compared to its rivals, such as electric hydronic baseboard heaters that require ducting for HVAC, electric wall heaters have been a significant popular in the home market. Electric wall heaters are completely self-contained, with cold air absorbed via the front and hot air ejected. This eliminates the need to drill holes in ceilings and walls for ducting, increasing the attraction of these heaters to customers.

The market for electric wall heaters is also boosted by the product's energy-saving features, which allow homeowners to control the amount of heat generated by regulating the wattage. With the inclusion of an innovative heating option, this helps to reduce power usage. Moreover, to combat the overheating issue with built-in thermostats, reputable manufacturers are including an automated shut-off mechanism in their heaters. The Heat Storm Phoenix infrared space heater, for example, is one of the best RV electric wall heaters with an automated shut-off mechanism that comes in useful when the heat hits dangerously high temperatures. Customers don't have to worry about the heater causing harm after a certain length of time because it has an automated shut-off mechanism.

Electric Wall Heater Market Opportunities:

King Electric Corporation introduced the EFW Large 240V Wall Heater (model EFW2440 - MW- W). With up to 185 CFMs of hot air, it is meant to keep the cold air out and keep big spaces up to 400 square feet appropriately heated. The user may choose their preferred wattage output with the multi-wattage design. It has a cast aluminium motor, a 20-gauge powder-coated grill, and a powerful 5-blade aluminium fan. It has a smart limit safety feature that shuts down the heater if it becomes too hot. This electric wall heater requires a special built-in or wall-mounted thermostat because it is meant to be hooked into the wall and has dual rated voltages of around 240/208.

The usefulness of this multi-watt wall heater is determined by the room's heating requirements. When abnormally high temperatures are detected, the built-in safety mechanisms instantly disconnect the heating elements and motor. The internal Nichrome open-coil element provides value and durability for long-term usage by effectively pushing warm air around the room at the user's selected wattage. The launch has added significantly to King Electric's electric wall heater product line, resulting in increased revenue for the firm.

In addition, Broan Corporation unveiled the 'Broan 198 Fan-Forced High Capacity Wall Heater,' a cutting-edge electric wall heater. This wall heater is ideal for use in restrooms, hallways, and other tiny spaces. Steel-sheathed, plate fined, heavy duty encased heating element provides heat rapidly and silently, among other qualities. It comes with an adjustable, built-in heavy-duty disc type thermostat, a thermostat security cover, and an optional wall-mount thermostat with a 100% efficient heating element. It has a white baked enamel grille that goes with almost any decor and maintains its beauty even after years of usage in heavy traffic locations. In order to get a significant portion of the market, the firm has continued to develop in this space and will debut new models in 2021.
Electric Wall Heater Market Segment Analysis:
Based on Power, As a result of the growing demand for energy efficient yet high capacity heaters in commercial and residential applications, the 1000 to 1600-Watt sector may have the largest market share. As a result, demand for electric wall heaters with 1000 to 1600 watt capacities has increased.

Based on the Application, Due to the obvious growding urbanisation rate, constantly developing lifestyle, and strong desire for comfort characteristics, the residential sector lead the market.
Electric Wall Heater Market Regional Insights:
The North America region dominated the market with 40 % share in 2021.Because of the presence of a large number of well-known electric wall heater manufacturers such as Stiebel Eltron Inc., Marley Engineered Products, Broan Inc., and Markel Products Company, North America might emerge as the leader in the electric wall heater market in the next years. Most of these regional competitors provide low-cost, technologically advanced electric wall heaters, which helps them gain market share and benefits the target sector in North America. Wi-Fi enabled connectivity capabilities included into current electric wall heaters are proving to be a major popular with homeowners. Recognizing the market potential, several manufacturers are producing portable and foldable electric wall heaters that may be utilised for a variety of purposes.

The Europe region is expected to witness significant growth at a CAGR of 5.39% through the forecast period. Europe is the second-largest market for electric wall heaters, owing to the fact that the Europe Energy Efficiency and European Union (EU) have developed a number of ratings and requirements for electronic products that manufacturers must adhere to. This has driven these companies to produce heaters that are both energy efficient and cost effective. Given the chilly environment throughout the year, tight government energy rules and regulations, high discretionary income of people, and temperature swings, a large number of multinational electric wall heater manufacturers are attempting to break into the European market.

The objective of the report is to present a comprehensive analysis of the Electric Wall Heater Market to the stakeholders in the market. The past and current status of the market with the forecast market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the market with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the market to the decision-makers.

The reports also help in understanding the Electric Wall Heater Market dynamic, structure by analyzing the market segments and forecasting the Electric Wall Heater Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Electric Wall Heater Market make the report investor’s guide.
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Electric Wall Heater Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.92 Bn.


Forecast Period 2023 to 2029 CAGR:
5.89%
Market Size in 2029:
US $ 5.86 Bn.


 Segments Covered:
by Power
<1000 Watt
1000 to 1600 Watt
1600 to 2000 Watt
>2000 Watt


by Application
Residential
Non-Residential



Electric Wall Heater Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Electric Wall Heater Market Key Players
1. A.O. Smith
2. Bosch Thermotechnology
3. Rheem Manufacturing Co.
4. Ariston Thermo S.P.A.
5. Havells India Ltd.
6. Haier Electronics Group Co. Ltd.
7. Bajaj Electricals
8. Whirlpool Corporation
9. General Electric
10.Bradford White Corporation
11.Rinnai Corporation
12.Vaillant Group
13.Ferroli S.p.A.
14.Viessman Group
15.Stiebel Eltron Inc.
16.Westinghouse Electric Corporation
17.Zenith Water Heater
18.Racold.

Frequently Asked Questions:

1. Which region has the largest share in Global Electric Wall Heater Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Electric Wall Heater Market?
Ans: The Global Electric Wall Heater Market is growing at a CAGR of 5.89% during forecasting period 2023-2029.

3. What is scope of the Global Electric Wall Heater Market report?
Ans: Global Electric Wall Heater Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Electric Wall Heater Market?
Ans: The important key players in the Global Electric Wall Heater Market are – A.O. Smith, Bosch Thermotechnology, Rheem Manufacturing Co., Ariston Thermo S.P.A., Havells India Ltd., Haier Electronics Group Co. Ltd., Bajaj Electricals, Whirlpool Corporation, General Electric, Bradford White Corporation, Rinnai Corporation, Vaillant Group, Ferroli S.p.A., Viessman Group, Stiebel Eltron Inc., Westinghouse Electric Corporation, Zenith Water Heater, and Racold.

5. What is the study period of this Market?
Ans: The Global Electric Wall Heater Market is studied from 2022 to 2029.