Scope of the Study
A tower heater is defined as the piece of equipment or a machine which is used to raise the temperature of something, especially of the air inside a room. Numerous advantages of using tower heaters such as overheat sensor, fan speed adjustment, thermostat, manual heat adjustment, digital display, touch sensor, remote control, among others. Increasing usage of tower heaters in various application such as home use, office use, among others and raising awareness regarding the benefit of tower heaters are likely to be a prime driver for the global tower heaters market.
The market study is being classified by Type (Ceramic Heaters, Fan Heaters, Radiant Heaters and Convection Heaters), by Application (Home Use and Office Use) and major geographies with country level break-up.
Twin-Star International, Inc. (United States), Lasko Products, LLC (United States), Honeywell International Inc. (United States), Dimplex (Ireland), Duraflame, Inc. (United States), Vornado Realty Trust (United States), King Electric, LLC (United States), Pelonis (United States), Delonghi Ltd. (United Kingdom), Andrew James (United Kingdom) and Futura Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Kenmore (United States), Ecohouzng (Canada), Haier Group Corporation (China) and Foshan Bailijian Technology Co., Ltd. (China).
The tower heaters market appears to be highly fragmented and with the presence of several companies including Twin-Star International, Inc. (United States), Lasko Products, LLC (United States), Honeywell International Inc. (United States), among others Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Tower Heaters market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Tower Heaters market by Type, Application and Region.
On the basis of geography, the market of Tower Heaters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Small will boost the Tower Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channels will boost the Tower Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Room Size Range, the sub-segment i.e. 100300 square feet will boost the Tower Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Powered Type, the sub-segment i.e. Electric Tower Heaters will boost the Tower Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Investments by Residential Users in Tower Heaters to Improve their Integrated Heating Systems Products
- Rising Disposable Income and Industrialization & Urbanization in Emerging Economies
Market Trend
- Surging Research & Development to Improve Battery Life and Increase Heating Range, Reduce Charging time, Weight and Cost
Restraints
- Issue related to Lack of Continuous Power Supply in Underdeveloped Countries Such as Cameroon Countries
Opportunities
- Growing Demand in Residential Applications such as Home Use and Office Use
- Rising demand from Emerging Market Such as China, India, Brazil, Philippines, Indonesia, Mexico, among others
Challenges
- The problem regarding the High Electricity Cost in both Developing and Developed Countries Worldwide
In February 2019, the Lasko Products, LLC (United States) Company has launched hybrid tower fan & heater combination, which can be used as storing multiple home comfort products. Hence, this launched would strengthen the companys product portfolio.
Key Target Audience
Manufacturers of Tower Heaters Products, Suppliers of Tower Heaters Products, Wholesalers, Distributors, and Retailers of Tower Heaters Products, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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