Electric Wall Heater Industry Analysis 2021: COVID-19 Impact 2021-2023: Industr
Posted by Komal Boudhh on January 25th, 2021
The Global Electric Wall Heater Market is expected to be valued at USD 4,566.18 Million by 2025 with a CAGR of 5.66% during the forecast period (2019–2025).
The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. An electric wall heater consists of an electric element with a reflector behind it to reflect heat into the specified area. Electric wall heaters are installed on interior walls. The electric wall heater is designed to serve as a versatile solution to maintain the indoor temperature of both residential and non-residential applications. It provides several benefits such as ease of installation, excellent safety features, cost-effectiveness, space-saving, and energy efficiency.
The global electric wall heater market is segmented based on application, and power.
On the basis of application, the global electric wall heater market is divided into into residential and non-residential. The residential segment is expected to dominate the market, owing to the growing urbanization, rapidly changing lifestyle, and an increase in demand for comfort features in homes.
In terms of value the residential segment accounted for the larger market share of 69.56% in 2018, with a market value of USD 2,175.5 million; it is expected to register a CAGR of 5.04% during the forecast period. The non-residential segment was valued at USD 952.0 million; it is projected to register the higher CAGR of 6.99%.
On the basis of power, the global electric wall heater market is segmented into 2000 Watt. In 2018, the 1000 to 1600 Watt segment held the largest market share of 39.31% in 2018, with a market value of USD 1,229.4 million. This value is projected to reach USD 1,996.5 Million by 2025. This segment is expected to grow with the fastest CAGR of 7.25% during the forecast period.
Some of the prominent players operating in the global electric wall heater market report are Marley Engineered Products, Stiebel Eltron Inc., Markel Products Company, Trane, Broan, Inc., WarmlyYours.com, Inc., King Electric, Indeeco, Glen Dimplex Group, and Radiant Systems.
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The Global Electric Wall Heater Market is expected to reach USD 4,566.18 Million at a CAGR of over 5.66% by the end of the forecast period.
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About the AuthorKomal Boudhh
Joined: July 17th, 2020
Articles Posted: 121
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