Industry Background:
The fan heater is a heater that operates by using a fan to push air overheating element such as nichrome, resistance foil. There are two types of fan heaters such as electric and externally vented. Electric fan heaters need electricity to run. This market is having strong growth potential in the future because of growing demand in every sector, with low cost and easy to use concept makes consumers attract more.
According to AMA Research, the market for Fan Heaters is expected to register a CAGR of 3.3% during the forecast period to 2030. This growth is primarily driven by Increase Demand for Ventilation in Residential Areas
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Panasonic (Japan), Rheem (United States), Whirlpool (United States), Haier (India), Gree Electric (China), Atomberg Technologies (India), De’Longhi (Italy), NewAir Compact Appliances (United States), Olimpia Splendid S.p.A. (Italy) and Vulcanic (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2023, Honeywell teamed up with Resideo to offer connected home solutions, potentially including smart thermostat integration with fan heaters.
In November 2023, Dyson launched the Dyson Pure Hot+Cool Link Purifier with Fan Heater, featuring air purification, heating, and cooling functionalities in a single unit.The global fan heaters market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Influencing Trend:
High Adoption from Industrial Areas
Market Growth Drivers:
Increase Demand for Ventilation in Residential Areas and High Demand Because Of Low Maintenance and Low Cost
Challenges:
High Cost of Fan Heaters
Restraints:
Lack of Awareness and Fluctuation in Interest Rates and Foreign Currency Exchange Rates
Opportunities:
Increasing Number Warehouses in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Fan Heaters Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Fan Heaters Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Fan Heaters players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fan Heaters Study Sheds Light on
The Fan Heaters Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fan Heaters industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fan Heaters industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.