Canada Electric Space Heater Market Market Size (2024 - 2029)

The Canada electric space heater market is experiencing growth driven by increasing household expenditure and the demand for efficient heating solutions in the country's severe winter climate. The market size is influenced by the rising popularity of smart features, such as Wi-Fi control, which enhance user convenience. Despite challenges posed by the COVID-19 pandemic and global supply chain disruptions, the market has adapted through the growth of e-commerce channels. The continuous expansion of residential spaces further presents opportunities for market growth, as electric space heaters are well-suited for smaller areas.

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Market Size of Canada Electric Space Heater Industry

Canada Electric Space Heater Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 3.00 %
Market Concentration Medium

Major Players

Canada Electric Space Heater Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Electric Space Heater Market Analysis

Canada Electric Space Heater Market has generated revenue of USD 886.25 million in the current year and is poised to register a CAGR of more than 3.68% for the forecast period. With their small sizes and higher efficiency, electric space heaters are capable of making room space more comfortable. Annual household expenditure in Canada has been observing a continuous increase over the years, creating a positive externality for the sales of electric space heaters. Smart features of Wi-Fi control through mobile apps allow easy temperature control facilities in the equipment. Space heating accounts for more than 63% of the energy used in the average Canadian home, making electric space heaters an important segment of Canadian residential space.

With the advent of COVID-19, many people lost their jobs in Canada, resulting in a decline in household spending, and with rising supply chain disruptions globally, the price of electric heating appliances in Canada increased, affecting the demand. As the retail stores observed a decline in sales due to restrictions, E-commerce emerged as a channel for manufacturers to maintain their sales with declining offline sales.

Canada has the most severe winter climate globally, making heaters an essential part of daily life. As electricity exists as a cheap and sustainable source of power in comparison to coal and wood, the use of electric heaters in Canada is observing a rise in sales. The volume of homes in Canada is observing continuous growth, and as electric space heaters are for small spaces, it will likely expand the market opportunity for electric space heater manufacturers.

Canada Electric Space Heater Industry Segmentation

An electric space heater is a heating device designed to focus heat in a single room or small zone. Electric space heaters fall into two main categories: convector heaters and radiant heaters, which work by making air hot, which naturally rises and forces colder air to the floor. This process helps to circulate the heat and warm the space effectively. Canada Electric Space Heater Market is Segmented By Types (Convector Heater and Radiant Heater), By Applications (Residential, Commercial), and by Distribution (Online and Offline). The report offers market size and forecasts for the Canadian electric Space Heater Market in value (USD) for all the above segments.

By Types
Convector Heater
Radiant Heater
By Application
Residential
Commercial
By Distribution
Online
Offline
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Canada Electric Space Heater Market Size Summary

The Canada electric space heater market is experiencing growth driven by the increasing demand for efficient and compact heating solutions in residential spaces. As space heating constitutes a significant portion of energy consumption in Canadian homes, electric space heaters are becoming an essential component, especially given the country's harsh winter climate. The market is benefiting from the rising household expenditure and the adoption of smart features, such as Wi-Fi and Bluetooth controls, which enhance user convenience and energy efficiency. The shift towards electric heaters is also supported by the availability of electricity as a cost-effective and sustainable energy source compared to traditional fuels like coal and wood. This trend is further bolstered by the growing population and the expansion of residential spaces, creating ample opportunities for manufacturers in the sector.

The market landscape is characterized by a fragmented structure with both established players and new entrants leveraging technological innovations to capture market share. Companies like Dyson, Honeywell, and Black Decker are prominent in the market, while recent expansions and product launches, such as those by Kelray Heating and Envi Heater Inc., highlight the dynamic nature of the industry. The COVID-19 pandemic initially posed challenges, such as supply chain disruptions and decreased household spending, but the rise of e-commerce has provided a vital channel for maintaining sales. The increasing ownership of smart home devices in Canada is creating additional opportunities for electric space heater manufacturers to integrate advanced features, further driving market growth.

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Canada Electric Space Heater Market Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising demand for energy saving heater driving the market

      2. 1.2.2 Compact size with portable feature driving the demand

    3. 1.3 Market Restraints

      1. 1.3.1 Supply chain disruptions amid geopolitical issues affecting the market

      2. 1.3.2 Rising Price of electrical appliances affecting the market

    4. 1.4 Market Opportunities

      1. 1.4.1 Smart features of Electric Space heater increasing their demand

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Buyers

      2. 1.5.2 Bargaining Power of Suppliers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Innovations in Canada Electric Space Heater Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Types

      1. 2.1.1 Convector Heater

      2. 2.1.2 Radiant Heater

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution

      1. 2.3.1 Online

      2. 2.3.2 Offline

Canada Electric Space Heater Market Market Size FAQs

The Canada Electric Space Heater Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Dyson, Honeywell, Black + Decker, Brant Radiant Heaters Limited and Ouellet Canada are the major companies operating in the Canada Electric Space Heater Market .

Canada Electric Space Heater Market Report Snapshots

Canada Electric Space Heater Market Size & Share Analysis - Growth Trends & Forecast (2024-2029)