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).
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
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:
Types
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.
Applications
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:
- Haverland
- Elnur
- Dimplex
- Stiebel Eltron
- Electrorad
- Vent Axi
- Lucht LHZ
- Lancey Energy Storage
Highlights of The Storage Heater 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:
- Dynamic Storage Heater
- Static Storage Heater
- Modular Storage Heater
- Intelligent Storage Heater
- By Application:
- Personal Use
- Commercial 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 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
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 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Elnur
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dimplex
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stiebel Eltron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Electrorad
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vent Axi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lucht LHZ
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lancey Energy Storage
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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
