Market Overview:
The global tower heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient heating solutions across different applications, such as home and office use. In addition, the growing awareness about health and safety hazards associated with traditional heating methods is also propelling the demand for tower heaters globally. The low power segment is expected to account for a larger share of the global tower heater market in terms of revenue during the forecast period. This can be attributed to their lower price point and widespread adoption across residential applications. However, high power tower heaters are witnessing a higher growth rate owing to their ability to provide quick heating solutions in large spaces such as offices or warehouses. Regionally, North America is estimated to account for a leading share of the global tower heater market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
A tower heater is a type of space heater that is designed to heat up a room or area by radiating heat outwards from the device. They are often cylindrical in shape and can be placed on the floor or mounted on a wall. Tower heaters are an important part of winter heating, as they can quickly raise the temperature of a room and help to keep it warm.
Low Power:
Low power is the amount of energy required to perform a specific task. It can be defined as the amount of energy dissipated per unit mass or length of a material body per unit time. The growth factor in this market is directly proportional to demand from end-user applications and technology trends in heating solutions.
The global low power market size was valued at USD 1,867 million in 2015.
High Power:
High Power is the power rating of a product and it's used to indicate the maximum amount of heat that can be produced by a single unit of an electric motor. The higher the number, the more heat producing capacity does this device have. High power devices are mainly used in heating equipment such as water heaters, oil/gas burners or even geysers.
Application Insights:
The home use application segment accounted for the largest share of over 70.0% in 2017.
The commercial application segment is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to an increasing number of commercial buildings across various regions including North America and Europe.
Regional Analysis:
Asia Pacific dominated the global tower heaters market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing industrialization and rapid urbanization in developing countries such as China, India, and Indonesia. Moreover, rising disposable income levels are anticipated to fuel demand for technologically advanced products with enhanced features that meet consumer needs and requirements.
Europe accounted for a significant share of revenue in 2017 owing to growing demand from residential applications particularly in Germany, Italy, France among other European countries where high power consumption is required during winter season due to low temperatures at night time or throughout the year respectively.
Growth Factors:
- Increasing demand for energy-efficient heating solutions
- Rising popularity of electric heating systems
- Growing awareness about the benefits of tower heaters
- Proliferation of online retail platforms
- Availability of affordable tower heaters
Scope Of The Report
Report Attributes
Report Details
Report Title
Tower Heaters Market Research Report
By Type
Low Power, High Power
By Application
Home Use, Office Use
By Companies
Twin-Star International, Lasko, Honeywell, Dimplex, Duraflame, Vornado, King Electric, Pelonis, Delonghi, Andrew James, VonHaus, Futura, Kenmore, Ecohouzng, Haier, Foshan Bailijian Technology, Ningbo Aucst Industrial
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Tower Heaters Market Report Segments:
The global Tower Heaters market is segmented on the basis of:
Types
Low Power, High Power
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Office Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Twin-Star International
- Lasko
- Honeywell
- Dimplex
- Duraflame
- Vornado
- King Electric
- Pelonis
- Delonghi
- Andrew James
- VonHaus
- Futura
- Kenmore
- Ecohouzng
- Haier
- Foshan Bailijian Technology
- Ningbo Aucst Industrial
Highlights of The Tower Heaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Power
- High Power
- By Application:
- Home Use
- Office Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tower Heaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A tower heater is a type of heating appliance that uses hot air to heat an area. The appliance typically consists of a metal or plastic tower with fins on the top, and is attached to the wall or ceiling by an adjustable bracket. The fan inside the tower circulates hot air around the room, providing warmth.
Some of the major players in the tower heaters market are Twin-Star International, Lasko, Honeywell, Dimplex, Duraflame, Vornado, King Electric, Pelonis, Delonghi, Andrew James, VonHaus, Futura, Kenmore, Ecohouzng, Haier, Foshan Bailijian Technology, Ningbo Aucst Industrial.
The tower heaters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tower Heaters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tower Heaters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tower Heaters Market - Supply Chain
4.5. Global Tower Heaters Market Forecast
4.5.1. Tower Heaters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tower Heaters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tower Heaters Market Absolute $ Opportunity
5. Global Tower Heaters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tower Heaters Market Size and Volume Forecast by Type
5.3.1. Low Power
5.3.2. High Power
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tower Heaters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tower Heaters Market Size and Volume Forecast by Application
6.3.1. Home Use
6.3.2. Office Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tower Heaters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tower Heaters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tower Heaters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tower Heaters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tower Heaters Demand Share Forecast, 2019-2026
9. North America Tower Heaters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tower Heaters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tower Heaters Market Size and Volume Forecast by Application
9.4.1. Home Use
9.4.2. Office Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tower Heaters Market Size and Volume Forecast by Type
9.7.1. Low Power
9.7.2. High Power
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tower Heaters Demand Share Forecast, 2019-2026
10. Latin America Tower Heaters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tower Heaters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tower Heaters Market Size and Volume Forecast by Application
10.4.1. Home Use
10.4.2. Office Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tower Heaters Market Size and Volume Forecast by Type
10.7.1. Low Power
10.7.2. High Power
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tower Heaters Demand Share Forecast, 2019-2026
11. Europe Tower Heaters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tower Heaters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tower Heaters Market Size and Volume Forecast by Application
11.4.1. Home Use
11.4.2. Office Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tower Heaters Market Size and Volume Forecast by Type
11.7.1. Low Power
11.7.2. High Power
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tower Heaters Demand Share, 2019-2026
12. Asia Pacific Tower Heaters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tower Heaters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tower Heaters Market Size and Volume Forecast by Application
12.4.1. Home Use
12.4.2. Office Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tower Heaters Market Size and Volume Forecast by Type
12.7.1. Low Power
12.7.2. High Power
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tower Heaters Demand Share, 2019-2026
13. Middle East & Africa Tower Heaters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tower Heaters Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tower Heaters Market Size and Volume Forecast by Application
13.4.1. Home Use
13.4.2. Office Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tower Heaters Market Size and Volume Forecast by Type
13.7.1. Low Power
13.7.2. High Power
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tower Heaters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tower Heaters Market: Market Share Analysis
14.2. Tower Heaters Distributors and Customers
14.3. Tower Heaters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Twin-Star International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lasko
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Honeywell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dimplex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Duraflame
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vornado
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. King Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pelonis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Delonghi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Andrew James
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. VonHaus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Futura
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kenmore
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ecohouzng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Haier
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Foshan Bailijian Technology
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ningbo Aucst Industrial
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook