Global Baseboard Heater Market Overview:
Baseboard Heater Is Used for Providing Room Heating Solutions. They Don’t Require Much Space & are Usually Inconspicuous. They are Easy to Safe, Quiet, & Easy to Install. The Power Range of Most of Baseboard Heater Ranges From 500-2000 Watts. They can be Utilized for Whole House Heating on a Room-By-Room Basis or for Supplemental Heating in Spaces Such as Bedrooms, Offices & Hallways. Heating Elements Present in These Heaters are Encased in Metal Sheaths That Are Surrounded by Aluminum Fins to Facilitate the Transfer of Heat. First, Cooler Air in the Room is Drawn Into the Bottom of the Heater, Then Air Within the Heater is Warmed, & Then Released Into a Room
Market Drivers
- Rise in the Need for Room Temperature Maintenance, Especially in Countries With Cold Weather
- The Surge in the Construction Activities, Especially in Developing Economies
Market Trend
- Increasing Popularity & Adoption of Baseboard Heater Owing to the Rise in Disposable Income
Restraints
- Baseboard Heaters Can Produce Very Dry Heat That Can Lead to Irritation of the Skin, Eyes, Nose & Throat
Opportunities
- There is an Increased Opportunity for the Growth of Baseboard Heater, Owing to the Rise in the Disposable Income
- There are Growing Prospects for Market Expansion, Due to Increasing Awareness About the Benefits & Convenience of Baseboard Heater
Challenges
- Presence of Products Like Heat Pump May Pose a Challenge
Competitive Landscape:
The Market for the Baseboard Heater is Fragmented with the Presence of Many Players. Owing to the Growing Popularity of Baseboard Heater, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are Cadet Heat (Canada), Stelpro (Canada), A & S Electric Supply, Inc. (United States), Heatrex (United States), Emerson Swan (United States), United Electric Supply Co Inc. (United States), Marley Engineered Products (United States), Glen Dimplex America (Canada), Gerrie Electric Wholesale Limited (Canada) and Chromalox (United States). Additionally, following companies can also be profiled that are part of our coverage like TPI Corporation (United States), Gescan (Canada), King Electric (United States), Warmup (Canada) and Smith Lumber (United States). Analyst at AdvanceMarketAnalytics see North American Manufacturers to retain maximum share of Global Baseboard Heater market by 2025. Considering Market by Length, the sub-segment i.e. More than 30 Inches will boost the Baseboard Heater market. Considering Market by Voltage, the sub-segment i.e. 120 will boost the Baseboard Heater market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Baseboard Heater market.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Baseboard Heater market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Baseboard Heater market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Baseboard Heater, Distributors, Traders, & Suppliers, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.