The portable electric heaters market size has shown significant growth in recent years, increasing from $9.69 billion in 2023 to $10.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. This growth during the historic period can be attributed to increasing awareness of energy efficiency, urbanization, rising energy costs, heightened awareness of safety, and a growing number of portable electric heaters. The market is expected to continue its strong growth, projected to reach $13.23 billion in 2028 at a CAGR of 6.5%. The growth in the forecast period can be linked to rising disposable income, an increased demand for flexible heating solutions, growing concerns about greenhouse gas emissions, rising residential and commercial construction activities, and a consumer preference for smart and connected heating devices. Key trends anticipated in the forecast period include technological advancements, product development, integration of smart technologies, diversification of heating technologies, and the incorporation of features such as remote control.
Global Portable Electric Heaters Market Key Driver
The increasing awareness about energy efficiency is expected to propel the growth of the portable electric heaters market going forward. Energy efficiency refers to the ability of a system or device to perform its intended function with minimal energy consumption, effectively reducing waste and cost. The increasing awareness about energy efficiency stems from several factors, including environmental benefits, financial savings, and alignment with sustainability goals. Portable electric heaters can be required for energy efficiency when used selectively to heat specific zones or rooms, minimizing overall energy consumption compared to heating the entire home or office space. For instance, in December 2022, according to the International Energy Agency (IEA), a France-based organization, global investments in energy efficiency, including building renovations, public transport, and electric car infrastructure, reached USD 560 billion in 2022, marking a 16% increase compared to 2021. In 2022, initial findings suggest that global energy efficiency improved by 2%, a rate nearly four times faster than the previous two years and almost double that of the past five years. The portable electric heaters market was valued at approximately $3.5 billion in 2023 and is projected to reach around $3.9 billion in 2024, further increasing to an estimated $5 billion by 2028. Therefore, the increasing awareness about energy efficiency is driving the growth of the portable electric heaters market.
Get A Free Sample Of The Portable Electric Heaters Market Report
Global Portable Electric Heaters Market Segments
The portable electric heaters market covered in this report is segmented –
1) By Type: Convector Heaters, Oil-Filled Heaters, Halogen Heaters, Other Types
2) By Distribution Channel: Direct Sales, Indirect Sales
3) By Application: Residential, Commercial, Industrial
By Geography:The regions covered in the portable electric heaters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the portable electric heaters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Portable Electric Heaters Industry Players
Honeywell International Inc., De Longhi Appliances Srl, Crane Holdings Co., Lasko Products LLC, Dimplex North America Ltd., Dyson Corp., Vornado Air LLC, Duraflame Inc., Cadet Manufacturing Co., Rowenta, NewAir, Insignia Pty Ltd., GHP Group Inc., The Holmes Group Inc., Soleus Air, Sunpentown International Inc., Lifesmart Inc., Pelonis Technologies Inc., Comfort Glow Heating, Pro Breeze Ltd., SPT Corp., Bionaire Inc., Comfort Zone, Stadler Form, TaoTronics
Purchase The Global Portable Electric Heaters Market Report Directly And Get A Swift Delivery
Portable Electric Heaters Market Overview
Portable electric heaters are compact, electrically powered devices designed to heat small to medium-sized spaces. They come in various types and models, offering different heating mechanisms and features. They are typically designed to be easily carried or moved from one location to another, making them convenient for providing localized heating in various settings.
Portable Electric Heaters Global Market Report 2023 provides data on the global portable electric heaters market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The portable electric heaters market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
