World - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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Driven by increasing demand for electric space heating apparatus and soil heating apparatus worldwide, the market is expected to see continued growth in volume and value over the next eight years. Key findings include patterns in consumption volume and value, market performance, leading countries for consumption, production trends, import and export patterns, and average prices. From 2012 to 2022, the global market experienced fluctuations but overall growth, with notable increases in consumption in countries such as the Netherlands, the United States, and China. Production trends showed growth in global output, with China leading as the largest producer. Import and export patterns indicated significant growth in global trade, with electric radiators and convection heaters being the dominant type in both imports and exports.
Market Forecast
Driven by increasing demand for electric space heating apparatus and soil heating apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 338M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $14.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electric Space Heating Apparatus And Soil Heating Apparatus
In 2022, approx. 291M units of electric space heating apparatus and soil heating apparatus were consumed worldwide; increasing by 2.5% against 2021 figures. The total consumption volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.
The global electric heating equipment market revenue declined modestly to $10.2B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $10.3B in 2021, and then fell modestly in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (65M units), China (35M units) and Japan (15M units), together comprising 39% of global consumption. Russia, Indonesia, the Netherlands, the UK, France, Mexico, South Korea, Democratic Republic of the Congo, the Philippines and Egypt lagged somewhat behind, together comprising a further 29%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +17.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest electric heating equipment markets worldwide were the United States ($925M), China ($795M) and Indonesia ($784M), with a combined 25% share of the global market. Mexico, South Korea, France, Japan, Egypt, the UK, Russia, the Netherlands, Democratic Republic of the Congo and the Philippines lagged somewhat behind, together comprising a further 33%.
In terms of the main consuming countries, the Netherlands, with a CAGR of +16.5%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of electric heating equipment per capita consumption was registered in the Netherlands (562 units per 1000 persons), followed by the United States (192 units per 1000 persons), the UK (145 units per 1000 persons) and France (126 units per 1000 persons), while the world average per capita consumption of electric heating equipment was estimated at 0.5 units per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the electric heating equipment per capita consumption in the Netherlands totaled +17.0%. In the other countries, the average annual rates were as follows: the United States (+7.3% per year) and the UK (+4.2% per year).
Production
World Production of Electric Space Heating Apparatus And Soil Heating Apparatus
In 2022, production of electric space heating apparatus and soil heating apparatus increased by 5.9% to 294M units, rising for the second consecutive year after two years of decline. The total output volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. As a result, production reached the peak volume of 302M units. From 2019 to 2022, global production growth remained at a somewhat lower figure.
In value terms, electric heating equipment production amounted to $11.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 21% against the previous year. Over the period under review, global production hit record highs at $12.2B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.
Production By Country
China (151M units) remains the largest electric heating equipment producing country worldwide, comprising approx. 51% of total volume. Moreover, electric heating equipment production in China exceeded the figures recorded by the second-largest producer, Kyrgyzstan (29M units), fivefold. Indonesia (11M units) ranked third in terms of total production with a 3.7% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +2.5%. The remaining producing countries recorded the following average annual rates of production growth: Kyrgyzstan (+64.7% per year) and Indonesia (+2.8% per year).
Imports
World Imports of Electric Space Heating Apparatus And Soil Heating Apparatus
In 2022, global electric heating equipment imports rose markedly to 191M units, with an increase of 5% on 2021 figures. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, electric heating equipment imports expanded notably to $4.8B in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Imports By Country
The United States represented the main importer of electric space heating apparatus and soil heating apparatus in the world, with the volume of imports finishing at 65M units, which was near 34% of total imports in 2022. The Netherlands (17M units) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by Germany (4.8%) and the UK (4.5%). Russia (7.5M units), France (7.3M units), Thailand (6.8M units), Japan (6.2M units), Belgium (6.1M units), Canada (4.2M units), Iraq (3.4M units) and Spain (3.1M units) held a relatively small share of total imports.
Imports into the United States increased at an average annual rate of +9.2% from 2012 to 2022. At the same time, the Netherlands (+23.0%), Belgium (+15.4%), Russia (+8.9%), Thailand (+7.0%), the UK (+3.9%), France (+3.6%), Canada (+3.6%), Iraq (+2.1%) and Spain (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +23.0% from 2012-2022. By contrast, Germany (-1.1%) and Japan (-1.9%) illustrated a downward trend over the same period. The United States (+9.6 p.p.), the Netherlands (+7.1 p.p.) and Belgium (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Japan and Germany saw its share reduced by -3.6% and -4.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($804M), Germany ($415M) and Japan ($364M) were the countries with the highest levels of imports in 2022, with a combined 33% share of global imports. The Netherlands, France, the UK, Canada, Russia, Spain, Belgium, Iraq and Thailand lagged somewhat behind, together accounting for a further 33%.
Among the main importing countries, the Netherlands, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Imports By Type
Electric radiators and convection heaters prevails in imports structure, accounting for 186M units, which was near 98% of total imports in 2022. Electric storage heating radiators (4.5M units) held a relatively small share of total imports.
Electric radiators and convection heaters was also the fastest-growing in terms of imports, with a CAGR of +5.7% from 2012 to 2022. At the same time, electric storage heating radiators (+3.7%) displayed positive paces of growth. The shares of the largest types remained relatively stable throughout the analyzed period.
In value terms, electric radiators and convection heaters ($4.6B) constitutes the largest type of electric space heating apparatus and soil heating apparatus imported worldwide, comprising 96% of global imports. The second position in the ranking was taken by electric storage heating radiators ($188M), with a 4% share of global imports.
For electric radiators and convection heaters, imports expanded at an average annual rate of +4.8% over the period from 2012-2022.
Import Prices By Type
In 2022, the average electric heating equipment import price amounted to $25 per unit, approximately reflecting the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.4% against the previous year. Global import price peaked at $28 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by the product type; the product with the highest price was electric storage heating radiators ($42 per unit), while the price for electric radiators and convection heaters stood at $25 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by electric radiator (-0.9%).
Import Prices By Country
In 2022, the average electric heating equipment import price amounted to $25 per unit, approximately mirroring the previous year. In general, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 6.4% against the previous year. Over the period under review, average import prices hit record highs at $28 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($59 per unit), while Thailand ($5.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Electric Space Heating Apparatus And Soil Heating Apparatus
In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 10% to 195M units, rising for the second consecutive year after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, electric heating equipment exports stood at $4.9B in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The global exports peaked in 2022 and are likely to see gradual growth in years to come.
Exports By Country
In 2022, China (117M units) represented the main exporter of electric space heating apparatus and soil heating apparatus, constituting 60% of total exports. It was distantly followed by Kyrgyzstan (28M units) and Germany (9.5M units), together achieving a 19% share of total exports. The Netherlands (7.4M units) and Turkey (3.6M units) held a relatively small share of total exports.
From 2012 to 2022, average annual rates of growth with regard to electric heating equipment exports from China stood at +4.5%. At the same time, Kyrgyzstan (+107.5%), the Netherlands (+22.4%) and Germany (+1.7%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +107.5% from 2012-2022. Turkey experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kyrgyzstan and the Netherlands increased by +15 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($2.7B) remains the largest electric heating equipment supplier worldwide, comprising 56% of global exports. The second position in the ranking was taken by Germany ($281M), with a 5.8% share of global exports. It was followed by the Netherlands, with a 4.6% share.
In China, electric heating equipment exports expanded at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-1.3% per year) and the Netherlands (+22.8% per year).
Exports By Type
The exports of the one major types of electric space heating apparatus and soil heating apparatus, namely electric radiators and convection heaters, represented more than two-thirds of total export.
Electric radiators and convection heaters was also the fastest-growing in terms of exports, with a CAGR of +6.4% from 2012 to 2022. The shares of the largest types remained relatively stable throughout the analyzed period.
In value terms, electric radiators and convection heaters ($4.7B) remains the largest type of electric space heating apparatus and soil heating apparatus supplied worldwide, comprising 97% of global exports. The second position in the ranking was held by electric storage heating radiators ($127M), with a 2.6% share of global exports.
From 2012 to 2022, the average annual growth rate of the value of electric radiators and convection heaters exports amounted to +5.8%.
Export Prices By Type
The average electric heating equipment export price stood at $25 per unit in 2022, which is down by -5.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 16% against the previous year. The global export price peaked at $27 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the product type; the product with the highest price was electric storage heating radiators ($48 per unit), while the average price for exports of electric radiators and convection heaters stood at $25 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by electric radiator (-0.5%).
Export Prices By Country
The average electric heating equipment export price stood at $25 per unit in 2022, dropping by -5.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 16%. The global export price peaked at $27 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($33 per unit), while Kyrgyzstan ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global electric heating equipment market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512630 - Electric storage heating radiators
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
- Prodcom 27512690 - Other electric space heaters
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global electric heating equipment market.
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