Portable Electric Heaters Market Report 2024

This Portable Electric Heaters market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The portable electric heaters market size has grown strongly in recent years. It will grow from $9.69 billion in 2023 to $10.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period can be attributed to rising awareness of energy efficiency, increasing urbanization, higher energy costs, heightened safety awareness, and a growing number of portable electric heaters.

The portable electric heaters market size is expected to see strong growth in the next few years. It will grow to $13.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising disposable income, increased demand for flexible heating solutions, growing concerns about greenhouse gas emissions, expanding residential and commercial construction activities, and a rising consumer preference for smart and connected heating devices. Major trends expected during this period include technological advancements, new product development, the integration of smart technologies, diversification of heating technologies, and the incorporation of features such as remote control.

Growing awareness of energy efficiency is expected to drive the expansion of the portable electric heaters market. Energy efficiency involves performing a task with minimal energy consumption, thereby reducing waste and costs. This increased awareness is influenced by factors such as environmental benefits, financial savings, and alignment with sustainability goals. Portable electric heaters can enhance energy efficiency by heating specific areas or rooms rather than entire homes or offices, which reduces overall energy usage. For example, in December 2022, the International Energy Agency (IEA) reported that global investments in energy efficiency measures, including building renovations and electric vehicle infrastructure, reached USD 560 billion in 2022, representing a 16% increase from 2021. Additionally, global energy efficiency improved by 2% in 2022, a rate nearly four times faster than the previous two years and almost double that of the past five years. Thus, the growing focus on energy efficiency is fueling the growth of the portable electric heaters market.

Leading companies in the portable electric heaters market are focusing on developing energy-efficient models incorporating advanced technologies such as improved heating elements, smart temperature controls, and better insulation. These heaters use sophisticated components to achieve significant energy savings and environmental benefits compared to traditional models. For instance, in June 2021, Airtècnics, a Spain-based company, introduced a new industrial heater model. Airtècnics' fan heaters are noted for their durability and versatility, providing effective heat for large, open spaces, especially in demanding industrial settings. Designed for temporary use and easy portability, these heaters can deliver up to 22 kW of heat through a water battery system. Airtècnics is also testing a new portable model with an electric battery for enhanced autonomy. These heaters feature energy-efficient design elements such as the Ecofit EC fan, which ensures efficient heat distribution while reducing energy consumption.

In July 2023, Engineered Air, a Canada-based manufacturer of HVAC equipment, acquired Campo Equipment for an undisclosed sum. This acquisition is intended to strengthen Engineered Air’s presence in the portable heating market by expanding its product range, increasing manufacturing capabilities, and utilizing Campo’s experienced workforce and leadership. Campo Equipment is a Canada-based company specializing in portable electric heaters.

Major companies operating in the portable electric heaters market are 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.

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. The regions covered in the portable electric heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries 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.

Portable electric heaters are compact, electrically powered devices designed to heat small to medium-sized areas. They come in various types and models, each offering different heating mechanisms and features. These heaters are typically designed for easy portability, allowing them to be moved from one location to another, making them ideal for localized heating in different settings.

The primary types of portable electric heaters include convector heaters, oil-filled heaters, halogen heaters, and others. Convector heaters use convection to warm a room by circulating hot air. These heaters are available through both direct and indirect sales channels and are used in residential, commercial, and industrial applications.

The portable electric heaters market research report is one of a series of new reports that provides portable electric heaters market statistics, including portable electric heaters industry global market size, regional shares, competitors with a portable electric heaters market share, detailed portable electric heaters market segments, market trends and opportunities, and any further data you may need to thrive in the portable electric heaters industry. This portable electric heaters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The portable electric heaters market consists of sales of ceramic heaters, infrared heaters, fan heaters and panel heaters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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