The Global Electric Baseboard Heater Market size is expected to grow at a CAGR of 3.1% during the forecast period. The rise in demand for electric baseboard heaters coupled with the growing need for energy-efficient solutions has led to an increase in installed capacity and production levels across key markets such as North America, Europe, Asia Pacific, and Latin America.
Electric Baseboard Heaters are heating devices that generate radiant heat by the flow of electric current in a set of metallic fins. Electric baseboard heaters can be fixed or portable, and they come with different wattage capacities depending upon their usage.
On the basis of Types, the market is segmented into Fixed and Portable. Among these, the Fixed Type held a major share of the global electric baseboard heater market in 2018.
A fixed electric baseboard heater is a type of heating system that has an enclosure to protect the unit from physical damage. The size and shape are adjustable, but there are no moving parts or controls associated with these systems.
A portable electric baseboard heater is an electrical heating element in the form of a long flat panel. It's mounted on walls or ceilings, usually inside closets and other spaces where space might be tight. Many models are designed to look like conventional radiators so they blend into your decor better than traditional floor-standing heaters do.
On the basis of Application, the market is segmented into Residential and Commercial. The residential sector dominates the market with maximum revenue share in 2018 across all geographical markets. The primary factor driving its dominance is increased usage of electric baseboard heaters at homes due to low installation costs as compared to other conventional heaters such as fireplaces or furnaces.
There are many different uses of electric baseboard heaters in residential homes. They can be used to maintain a comfortable temperature inside the home, distribute warmth through the floor and add some extra comfort on cold days. Some common uses include heating bathrooms; distributed heating throughout an entire room; maintain a consistent ambient air temperature for pets or other people who require more specific temperatures like infants.
Electric baseboard heaters are used in commercial buildings such as hotels, hospitals, and offices.
On the basis of Region, the market is segmented into North America, Europe, Asia-Pacific, and Middle East & Africa. The Asia Pacific market stands in second place, globally after North America. The global market is expected to witness high growth during the forecast period due to increasing demand for heating appliances over cold-weather regions and growing population in developing economies of the Asia Pacific region.
The key driving factors for the growth of this market are the growth of the construction and manufacturing industry, efficiency improvements in electric baseboard heater products. The performance improvement potential is driven by technological shifts such as enhanced product design features, better energy management systems implementation, etc., changing consumer preferences towards comfort heating solutions at affordable price points to stay warm during extreme weather conditions.
Up Market Research published a new report titled “Electric Baseboard Heater Sales Market research report which is segmented by Types (Fixed, Portable), By Applications (Residential, Commercial), By Players/Companies King Electric, Cadet Heat, Lasko Products, Marley Engineered Products, DeLonghi, Honeywell, Dimplex, Optimus Enterprise, TPI”.
Report Attributes | Report Details |
Report Title | Electric Baseboard Heater Sales Market Research Report |
By Type | Fixed, Portable |
By Application | Residential, Commercial |
By Companies | King Electric, Cadet Heat, Lasko Products, Marley Engineered Products, DeLonghi, Honeywell, Dimplex, Optimus Enterprise, TPI |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 237 |
Number of Tables & Figures | 166 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Fixed, Portable and By Application Residential, Commercial.
Some of the companies that are profiled in this report are:
Electric Baseboard Heater Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Electric Baseboard Heater Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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