Electric Wall Heater Industry Statistics

In this post, we explore the dynamic landscape of the electric wall heater industry, diving into key statistics that shed light on market trends, growth projections, and regional insights. From the market size and growth rates to evolving consumer preferences and global market shares, these statistics provide a comprehensive overview of the electric wall heater market’s current status and future prospects.

Statistic 1

"The electric wall heater market size was valued at around USD 2.3 billion in 2020."

Statistic 2

"The electric wall heater market is expected to grow at a CAGR of around 5.4% between 2021 and 2026."

Statistic 3

"Residential applications accounted for approximately 70% of the overall market share in 2020."

Statistic 4

"The energy-efficient wall heaters sector is expected to record the highest growth rate during the forecast period."

Statistic 5

"The global electric wall heaters market share for wall-mounted designs accounted for 46.3% in 2020."

Statistic 6

"Forced air heating systems constituted around 53% of the market share in 2020."

Statistic 7

"The Asia-Pacific region is estimated to witness a growth rate of 6.2% in the electric wall heater market until 2026."

Statistic 8

"The demand for Wi-Fi enabled and smart wall heaters is expected to increase over the forecasted period."

Statistic 9

"Convection heating electric wall heaters held approximately 46.7% of the overall market share in 2020."

Statistic 10

"The wall heater market in India is projected to grow at a CAGR of 7.1% during the forecast period 2021-2026."

Statistic 11

"The market for electric wall heaters in France is expected to register a CAGR of 5.6% until 2026."

Statistic 12

"The popularity of electric wall heaters in China saw a 7.9% growth in 2020."

Statistic 13

"American manufacturers control a significant share of the global electric wall heater market."

Statistic 14

"The smart electric wall heaters market is projected to exhibit a growth rate of above 6% until 2026."

Statistic 15

"The electric wall heaters market in Denmark expected to grow at a CAGR of 5.2% from 2021 to 2026."

The electric wall heater industry is experiencing steady growth, with a market size valued at USD 2.3 billion in 2020 and an expected CAGR of 5.4% between 2021 and 2026. Residential applications dominate the market, accounting for 70% of the share in 2020, while energy-efficient and smart wall heaters are projected to see significant growth. Specific regions like Asia-Pacific, India, France, and China are expected to drive market expansion, with varying growth rates. The focus on Wi-Fi enabled and smart wall heaters, alongside the popularity of wall-mounted and convection heating designs, reflects evolving consumer preferences and technological advancements shaping the future of the electric wall heater industry.