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.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
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:
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.
Register for a free trial today and gain instant access to 17,000+ market research reports.
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:
Value chain analysis
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 Segmentation by Product
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
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 positioning of vendors
Crane - USA
Daikin Industries Ltd.
Honeywell International Inc.
Lasko Products LLC
Midea Group Co. Ltd.
Newell Brands Inc.
Vornado Air LLC
Scope of the report
Currency conversion rates for US$
List of abbreviations
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/