Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Storage Heater Market by Type (Dynamic Storage Heater, Static Storage Heater, Modular Storage Heater, Intelligent Storage Heater), By Application (Personal Use, Commercial Use) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Storage Heater Market by Type (Dynamic Storage Heater, Static Storage Heater, Modular Storage Heater, Intelligent Storage Heater), By Application (Personal Use, Commercial Use) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156222 3300 Machinery & Equipment 377 249 Pages 4.7 (34)

Market Overview:

The global storage heater market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient heating solutions and rising awareness about the benefits of using storage heaters. The global storage heater market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into dynamic storage heaters, static storage heaters, modular storage heaters, and intelligent storage heaters. The dynamic Storage Heater segment is expected to grow at a CAGR of 6% from 2018 to 2030 owing to its high efficiency and low running costs as compared to other types of Storage Heaters. On the basis of application, personal use accounted for majority share in 2017 and it is projected that this trend will continue during forecast period as well).

Global Storage Heater Industry Outlook

Product Definition:

Storage Heater is a device which is used to store heat and then release it slowly. This device is usually used in areas where the temperature drop drastically at night. The importance of Storage Heater is that it helps to maintain the temperature in the area and prevents any kind of cold weather damage.

Dynamic Storage Heater:

Dynamic storage heater is a heat exchanger used to increase the temperature of stored items in order to accelerate their recovery. The most common application of dynamic storage heaters is in data centers, where they are used for warming up server rooms before the servers can be started. In addition, it provides an additional source of heating and cooling for data center facilities during cold weather or low capacity situations.

The major drivers that propel market growth include growing demand from small.

Static Storage Heater:

A static storage heater is a heat exchanger used to maintain the temperature of stored products. It is mainly used in cold storage facilities and warehouses for maintaining the temperature of stored products at desired levels.

The product works by maintaining a constant external environment around the product, thereby preventing its deterioration due to changes in ambient conditions.

Application Insights:

The commercial use segment dominated the global storage heater market in 2017. Increasing adoption of energy-efficient solutions for space heating in commercial buildings, such as offices, warehouses and factories is expected to be a key factor driving the demand for storage heaters over the forecast period.

The personal use segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising awareness about health issues related with cold temperatures and increasing spending capacity among consumers on home comfort equipment are some factors that may affect industry growth over the forecast period.

intelligent modular or portable storage heaters can be used directly into an electrical socket without requiring any additional power source or installation; these devices require minimal maintenance.

Regional Analysis:

The market in North America is expected to witness significant growth over the forecast period owing to the increasing demand for space heating equipment in residential and commercial applications. The rising number of households due to growing population, coupled with an increase in consumer spending on home comfort products, is likely to drive regional growth.

Asia Pacific storage heater market is anticipated to grow at a lucrative rate over the coming years owing to rapid urbanization and increasing disposable income levels among consumers. Furthermore, government initiatives encouraging people living in rural areas or who are otherwise cut off from conventional energy networks (E&Ks) for setting up small scale power generation units using storage heaters are expected fuel regional product demand.

Growth Factors:

  • Increasing demand for energy-efficient appliances
  • Rising awareness about the benefits of using storage heaters
  • Growing popularity of off-grid heating solutions
  • Technological advancements in storage heater technology
  • Government initiatives and subsidies to promote the use of storage heaters

Scope Of The Report

Report Attributes

Report Details

Report Title

Storage Heater Market Research Report

By Type

Dynamic Storage Heater, Static Storage Heater, Modular Storage Heater, Intelligent Storage Heater

By Application

Personal Use, Commercial Use

By Companies

Haverland, Elnur, Dimplex, Stiebel Eltron, Electrorad, Vent Axi, Lucht LHZ, Lancey Energy Storage

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Storage Heater Market Report Segments:

The global Storage Heater market is segmented on the basis of:


Dynamic Storage Heater, Static Storage Heater, Modular Storage Heater, Intelligent Storage Heater

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.


Personal Use, Commercial 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:

  1. Haverland
  2. Elnur
  3. Dimplex
  4. Stiebel Eltron
  5. Electrorad
  6. Vent Axi
  7. Lucht LHZ
  8. Lancey Energy Storage

Global Storage Heater Market Overview

Highlights of The Storage Heater Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Dynamic Storage Heater
    2. Static Storage Heater
    3. Modular Storage Heater
    4. Intelligent Storage Heater
  1. By Application:

    1. Personal Use
    2. Commercial Use
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Storage Heater 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

Global Storage Heater Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A storage heater is a device used to heat up an area of a building, such as a garage or attic.

Some of the major players in the storage heater market are Haverland, Elnur, Dimplex, Stiebel Eltron, Electrorad, Vent Axi, Lucht LHZ, Lancey Energy Storage.

The storage heater market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Storage Heater 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. Storage Heater Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Storage Heater Market - Supply Chain
   4.5. Global Storage Heater Market Forecast
      4.5.1. Storage Heater Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Storage Heater Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Storage Heater Market Absolute $ Opportunity

5. Global Storage Heater 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. Storage Heater Market Size and Volume Forecast by Type
      5.3.1. Dynamic Storage Heater
      5.3.2. Static Storage Heater
      5.3.3. Modular Storage Heater
      5.3.4. Intelligent Storage Heater
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Storage Heater 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. Storage Heater Market Size and Volume Forecast by Application
      6.3.1. Personal Use
      6.3.2. Commercial Use
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Storage Heater 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. Storage Heater 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 Storage Heater 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. Storage Heater 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 Storage Heater Demand Share Forecast, 2019-2026

9. North America Storage Heater 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 Storage Heater 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 Storage Heater Market Size and Volume Forecast by Application
      9.4.1. Personal Use
      9.4.2. Commercial Use
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Storage Heater Market Size and Volume Forecast by Type
      9.7.1. Dynamic Storage Heater
      9.7.2. Static Storage Heater
      9.7.3. Modular Storage Heater
      9.7.4. Intelligent Storage Heater
   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 Storage Heater Demand Share Forecast, 2019-2026

10. Latin America Storage Heater 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 Storage Heater 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 Storage Heater Market Size and Volume Forecast by Application
      10.4.1. Personal Use
      10.4.2. Commercial Use
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Storage Heater Market Size and Volume Forecast by Type
      10.7.1. Dynamic Storage Heater
      10.7.2. Static Storage Heater
      10.7.3. Modular Storage Heater
      10.7.4. Intelligent Storage Heater
   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 Storage Heater Demand Share Forecast, 2019-2026

11. Europe Storage Heater 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 Storage Heater 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 Storage Heater Market Size and Volume Forecast by Application
      11.4.1. Personal Use
      11.4.2. Commercial Use
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Storage Heater Market Size and Volume Forecast by Type
      11.7.1. Dynamic Storage Heater
      11.7.2. Static Storage Heater
      11.7.3. Modular Storage Heater
      11.7.4. Intelligent Storage Heater
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Pojections 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 Storage Heater Demand Share, 2019-2026

12. Asia Pacific Storage Heater 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 Storage Heater 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 Storage Heater Market Size and Volume Forecast by Application
      12.4.1. Personal Use
      12.4.2. Commercial Use
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Storage Heater Market Size and Volume Forecast by Type
      12.7.1. Dynamic Storage Heater
      12.7.2. Static Storage Heater
      12.7.3. Modular Storage Heater
      12.7.4. Intelligent Storage Heater
   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 Storage Heater Demand Share, 2019-2026

13. Middle East & Africa Storage Heater 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 Storage Heater 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 Storage Heater Market Size and Volume Forecast by Application
      13.4.1. Personal Use
      13.4.2. Commercial Use
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Storage Heater Market Size and Volume Forecast by Type
      13.7.1. Dynamic Storage Heater
      13.7.2. Static Storage Heater
      13.7.3. Modular Storage Heater
      13.7.4. Intelligent Storage Heater
   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 Storage Heater Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Storage Heater Market: Market Share Analysis
   14.2. Storage Heater Distributors and Customers
   14.3. Storage Heater Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Haverland Overview Financials Developments Strategic Outlook
      14.4.2. Elnur Overview Financials Developments Strategic Outlook
      14.4.3. Dimplex Overview Financials Developments Strategic Outlook
      14.4.4. Stiebel Eltron Overview Financials Developments Strategic Outlook
      14.4.5. Electrorad Overview Financials Developments Strategic Outlook
      14.4.6. Vent Axi Overview Financials Developments Strategic Outlook
      14.4.7. Lucht LHZ Overview Financials Developments Strategic Outlook
      14.4.8. Lancey Energy Storage Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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