Electric Heater Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

Electric Heater Market Overview

The global electric heater market is projected to witness significant growth from 2025 to 2030, driven by increasing demand for energy-efficient heating solutions across residential, commercial, and industrial sectors. The market is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period, reaching a market size of approximately $12.5 billion by 2030. This growth is attributed to advancements in heating technologies, rising adoption of smart heating systems, and stringent government regulations promoting energy efficiency.

Market Size and Share Analysis

In 2025, the electric heater market is estimated to be valued at $9.8 billion. By product type, the market is segmented into convection heaters, radiant heaters, and fan heaters. Convection heaters currently dominate the market with a share of 45%, followed by radiant heaters at 30%, and fan heaters at 25%. The residential sector accounts for the largest share of 50%, driven by increasing demand for space heating in cold regions. The commercial and industrial sectors hold shares of 30% and 20%, respectively.

Market Trends

Key trends shaping the electric heater market include:

• Smart Heating Systems: The integration of IoT and smart technologies in electric heaters is gaining traction, with a projected adoption rate of 15%-20% annually.
• Energy Efficiency: Governments worldwide are implementing policies to promote energy-efficient appliances, leading to a 10%-12% annual increase in demand for energy-efficient electric heaters.
• Renewable Energy Integration: The use of renewable energy sources, such as solar-powered electric heaters, is expected to grow at a CAGR of 8%-10%.

Market Segmentation

By Product Type

• Convection Heaters: Dominating the market with a 45% share, these heaters are widely used in residential and commercial spaces.
• Radiant Heaters: Holding a 30% share, these heaters are preferred for spot heating in industrial applications.
• Fan Heaters: With a 25% share, these heaters are popular for quick heating in small spaces.

By Application

• Residential: The largest segment with a 50% share, driven by increasing demand for space heating in cold climates.
• Commercial: Accounting for 30% of the market, this segment is growing due to the need for efficient heating in offices, hotels, and retail spaces.
• Industrial: Representing 20% of the market, this segment is driven by the need for process heating in manufacturing and production facilities.

By Region

• North America: Expected to grow at a CAGR of 4.5%, driven by high adoption of smart heating systems.
• Europe: Projected to grow at a CAGR of 5.8%, supported by stringent energy efficiency regulations.
• Asia-Pacific: Anticipated to witness the highest growth rate of 6.5%, fueled by rapid urbanization and industrialization.
• Latin America: Expected to grow at a CAGR of 4.2%, driven by increasing demand for residential heating solutions.
• Middle East & Africa: Projected to grow at a CAGR of 3.8%, supported by infrastructure development.

Key Players

The electric heater market is highly competitive, with key players including:

• SPX Corporation: A leading player with a market share of 15%, known for its innovative heating solutions.
• Glen Dimplex: Holding a 12% market share, the company specializes in energy-efficient electric heaters.
• TPI Corporation: With a 10% market share, TPI is a major player in the industrial heating segment.
• Ouellet: Accounting for 8% of the market, Ouellet is known for its residential heating products.
• King Electric: Holding a 7% market share, the company focuses on commercial heating solutions.
• Systemair: With a 6% market share, Systemair is a key player in the ventilation and heating industry.

Market News

Policy Updates

Governments worldwide are implementing policies to promote energy efficiency and reduce carbon emissions. For instance, the European Union's Energy Efficiency Directive aims to achieve a 32.5% improvement in energy efficiency by 2030, driving demand for energy-efficient electric heaters.

Company Developments

Key players are focusing on product innovation and strategic partnerships to strengthen their market position. For example, SPX Corporation recently launched a new line of smart electric heaters with IoT integration, expected to capture a 5%-7% increase in market share by 2026.

Segment Forecasts (2025-2030)

• Residential Segment: Expected to grow at a CAGR of 5.5%, driven by increasing demand for space heating in cold regions.
• Commercial Segment: Projected to grow at a CAGR of 6.0%, supported by the need for efficient heating in offices and retail spaces.
• Industrial Segment: Anticipated to grow at a CAGR of 4.8%, fueled by the demand for process heating in manufacturing facilities.

Conclusion

The global electric heater market is poised for steady growth from 2025 to 2030, driven by advancements in heating technologies, increasing demand for energy-efficient solutions, and supportive government policies. Key players are focusing on innovation and strategic partnerships to capitalize on emerging opportunities, making the market highly competitive and dynamic.