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Global Domestic Heating Appliances Market Share, Size, Trends, Growth, Forecast: By Type: Electric Storage Heating Radiators, Soil Heating, Non-Electric Heaters, Electric Heating Resistors; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Domestic Heating Appliances Market Outlook
The global domestic heating appliances market is expected to grow at a CAGR of 5.30% between 2023 and 2028. Key market drivers are growing economies, improvement in living standards, and increasing demand for cost effective heating systems.
Key Trends in the Market
Domestic heating appliances are devices used to produce heat to accomplish specified tasks, either in residences, or commercial establishments. They include hot-tube furnaces, heaters, radiators, electric heaters, and others. Infrared heaters are among the lowest costing heaters and are widely used at homes for heating rooms during winters.
- Increase in demand for efficient heating appliances replacing traditional heating appliances has paved the way for technological advancements which are contributing to the overall market growth.
- Industries manufacturing heating appliances are growing in both developing and developed countries because of high demand of the products especially in the urban areas. This has led to the growth of the domestic heating appliances market.
- Consumers are readily accepting the appliances that involve less maintenance and low cost which has motivated the manufacturers to innovate the technology and produce best products at minimum cost helping in the growth of the market.
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Market Analysis
Based on type, the market is segmented into electric storage heating radiators, soil heating, non-electric heaters, and electric heating resistors. On the basis of end use, the market is bifurcated into residential and commercial. By region, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global domestic heating appliances market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Panasonic Corporation
- AB Electrolux
- Gree Electric Appliances, Inc.
- General Electric Company
- LG Electronics
- BSH Hausgerate GmbH
- Honeywell International Inc.
- Glen Dimplex Group
- Fimaco SDN BHD
- Clatronic International GmbH
- Others
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Market Share by End Use
The increase in income and population has altogether increased the demand for heating appliances in the residential segment. Some of the daily use appliances such as gas stove and water heaters have high demand in the market helping in the growth of the market. Industries are growing day by day, such as mining industries, that have extensive utilisation of heating devices, contributing to the growth of the domestic heating appliances market.
Market Share by Region
The demand for domestic heating appliances from residences is significantly higher in regions with cooler temperatures, including North America and Europe, whereas general appliances for cooking and other purposes are used worldwide.
North America holds a sizable segment of the domestic heating appliances market, led by the United States, with significant demand for domestic heating appliances for cooking and heating of homes. In Europe, Germany holds a large segment of the market, due to extensive heating requirements. The demand for domestic heating appliances is rising in the Asia Pacific, driven by vast populations and increasing standards of living and disposable incomes.
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Competitive Landscape
Panasonic Corporation founded in 1918 has its headquarter in Osaka, Japan. They produce home appliances, services for stores and offices, and housing equipment. Recently, they have been working towards manufacturing products that aid in the reduction of CO2 emissions for a sustainable future.
LG Electronics Inc., based out of Seoul, South Korea, was established in 1958. It is a global leader in manufacturing and exporting commercial products including, home appliances, TVs, service robots, monitors, and air solutions.
AB Electrolux founded in 1919 has its headquarter located in Stockholm, Sweden. It is an appliance manufacturing company that supplies its products globally. They believe in transforming the market by following trends and sustainable goals for a better future.
Other market players include Gree Electric Appliances, Inc., General Electric Company, BSH Hausgerate GmbH, Honeywell International Inc., Glen Dimplex Group, Fimaco SDN BHD, Clatronic International GmbH, and others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Domestic Heating Appliances Market Analysis
8.1 Key Industry Highlights
8.2 Global Domestic Heating Appliances Historical Market (2018-2022)
8.3 Global Domestic Heating Appliances Market Forecast (2023-2028)
8.4 Global Domestic Heating Appliances Market by Type
8.4.1 Electric Storage Heating Radiators
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Soil Heating
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Non-Electric Heaters
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Electric Heating Resistors
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Domestic Heating Appliances Market by End Use
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Domestic Heating Appliances Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Domestic Heating Appliances Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Domestic Heating Appliances Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Domestic Heating Appliances Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Domestic Heating Appliances Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Domestic Heating Appliances Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Panasonic Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 AB Electrolux
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Gree Electric Appliances, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 General Electric Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 LG Electronics
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BSH Hausgeräte GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Honeywell International Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Glen Dimplex Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Fimaco SDN BHD
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Clatronic International GmbH
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Domestic Heating Appliances Market: Key Industry Highlights, 2018 and 2028
2. Global Domestic Heating Appliances Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Domestic Heating Appliances Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Domestic Heating Appliances Historical Market: Breakup by End Use Industry (USD Million), 2018-2022
5. Global Domestic Heating Appliances Market Forecast: Breakup by End Use Industry (USD Million), 2023-2028
6. Global Domestic Heating Appliances Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Domestic Heating Appliances Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Domestic Heating Appliances Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Domestic Heating Appliances Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Domestic Heating Appliances Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Domestic Heating Appliances Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Domestic Heating Appliances Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Domestic Heating Appliances Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Domestic Heating Appliances Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Domestic Heating Appliances Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Domestic Heating Appliances Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Domestic Heating Appliances Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Domestic Heating Appliances Market Structure
Key Questions Answered in the Report
The global market for domestic heating appliances is expected to grow at a CAGR of 5.30% between 2023 and 2028.
Key market drivers are growing economy, improvement in living standards, and increasing demand for cost-effective heating systems.
The key trends of the market are increase in demand from various industries, trend of low maintenance and high efficiency heating devices, and appliances that are environmentally friendly.
The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players in the for the global domestic heating appliances market are Panasonic Corporation, AB Electrolux, Gree Electric Appliances, Inc., General Electric Company, LG Electronics, BSH Hausgerate GmbH, Honeywell International Inc., Glen Dimplex Group, Fimaco SDN BHD, and Clatronic International GmbH, among others.
Domestic heating appliance is a device used for heating purposes. They include hot-tube furnaces, ovens, heaters, electric iron, and geysers, among others.
Infrared heaters are among the cheapest types of heaters and are widely used at homes for heating rooms, especially during winters.
The market is segmented based on type, end use, and region.
Based on type, the market is segmented into electric storage heating radiators, soil heating, non-electric heaters, and electric heating resistors.
The increase in income and population has altogether increased the demand for heating appliances in the residential segment. Some of the daily use appliances such as gas stove and water heaters have high demand, helping in the growth of the market.
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