Market Size of United States Electric Space Heaters Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States Electric Space Heaters Market Analysis
The United States electric heaters market has generated revenue of USD 2.165 billion in the current year and is poised to achieve a CAGR of more than 4% for the forecast period.
- Most of the places in the United States are cold, and energy-efficient electric space heaters are gaining favor in the United States. Energy efficiency rules, environmental concerns, and cost reductions are driving up demand for effective heaters.
- Electric space heaters utilize smart technology, and smart heaters provide remote control, customizable settings, and smart home integration. Remote heating control optimizes energy use and user convenience. Electric heaters are in increasing demand due to their efficiency, simplicity of installation, and clean functioning.
- Most enterprises and homeowners are switching to electric heaters because of the growing living standard of the consumer and the increasing adoption of electric and technologically upgraded products. Manufacturers are investing in R&D to increase heating efficiency, heat dispersion, and energy usage.
- New insulating materials, heating element designs, and control methods are improving electric space heaters. As the application of electric space heaters market is increasing, the demand for the product has also surged.
