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Global Space Heaters Market to Grow by USD 948.09 Million during 2020-2024, Crane - USA and Daikin Industries Ltd. Emerge as Key Contributors to Growth | Technavio

·6-min read

Technavio has been monitoring the global space heaters market and it is poised to grow by USD 948.09 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201026005630/en/

Technavio has announced its latest market research report titled Global Space Heaters Market 2020-2024 (Graphic: Business Wire).

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the space heaters market. The market growth in 2020 is likely to Increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by product, which is the leading segment in the market?
    Fan heaters segment is the leading segment in the market.

  • What are the major trends in the market?
    The growing demand for propane space heating products is a key trend in the market.

  • At what rate is the market projected to grow?
    The market is expected to grow at a CAGR of over 4% during the forecast period.

  • Who are the top players in the market?
    Crane - USA, Daikin Industries Ltd., DeLonghi Spa, Dyson Ltd., Honeywell International Inc., Lasko Products LLC, Midea Group Co. Ltd., Newell Brands Inc., SUNHEAT INTERNATIONAL, and Vornado Air LLC are some of the major market participants.

  • What are the key market drivers?
    The growth in expenditure on essential items will offer immense growth opportunities.

  • How big is the North America market?

The market in North America is expected to grow by 37% during the forecast period.

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Crane - USA, Daikin Industries Ltd., DeLonghi Spa, Dyson Ltd., Honeywell International Inc., Lasko Products LLC, Midea Group Co. Ltd., Newell Brands Inc., SUNHEAT INTERNATIONAL, and Vornado Air LLC are some of the major market participants. The growth in expenditure on essential items will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this space heaters market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Space Heaters Market 2020-2024: Segmentation

Space Heaters Market is segmented as below:

  • Product

    • Fan Heaters

    • Convection Heaters

    • Radiant Heaters

    • Ceramic Heaters

  • Geographic Landscape

    • Europe

    • North America

    • APAC

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44889

Space Heaters Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The space heaters market report covers the following areas:

  • Space Heaters Market Size

  • Space Heaters Market Trends

  • Space Heaters Market Industry Analysis

This study identifies the growing demand for propane space heating products as one of the prime reasons driving the Space Heaters Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Space Heaters Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist space heaters market growth during the next five years

  • Estimation of the space heaters market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the space heaters market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of space heaters market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Fan heaters - Market size and forecast 2019-2024

  • Convection heaters - Market size and forecast 2019-2024

  • Radiant heaters - Market size and forecast 2019-2024

  • Ceramic heaters - Market size and forecast 2019-2024

  • Market opportunity by Product

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive scenario

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Crane - USA

  • Daikin Industries Ltd.

  • DeLonghi Spa

  • Dyson Ltd.

  • Honeywell International Inc.

  • Lasko Products LLC

  • Midea Group Co. Ltd.

  • Newell Brands Inc.

  • SUNHEAT INTERNATIONAL

  • Vornado Air LLC

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005630/en/

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