Outlook on the Fan Heater Global Market to 2026 - Growing Concern Over Clean Energy Presents Opportunities - ResearchAndMarkets.com

The "Fan Heater Market Research Report by Type, by End-User, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Fan Heater Market size was estimated at USD 9,376.11 Million in 2020 and expected to reach USD 9,571.14 Million in 2021, at a Compound Annual Growth Rate (CAGR) 2.41% from 2020 to 2026 to reach USD 10,821.57 Million by 2026.

The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Fan Heater Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Fan Heater Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Fan Heater Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Fan Heater Market?

4. What is the competitive strategic window for opportunities in the Global Fan Heater Market?

5. What are the technology trends and regulatory frameworks in the Global Fan Heater Market?

6. What is the market share of the leading vendors in the Global Fan Heater Market?

7. What modes and strategic moves are considered suitable for entering the Global Fan Heater Market?

Market Dynamics

Drivers

• Rising demand for electric heating systems from various industrial sectors
• Growing demand for the fan heater because it is convenient to use
• Increasing need for a cost-effective heating system by consumers

Restraints

• Lack of awareness about fan heater among consumers

Opportunities

• Need for a zonal heating solution from the consumers
• Growing concern over clean energy

Challenges

• Chances of fire accidents

Companies Mentioned

• Gaumer Process
• GDC Group Limited (Dimplex)
• Hawk Tools.
• Honeywell International Inc.
• Jack Sealey Ltd.
• Kerone Engineering Solutions LTD.
• Lm-therm Elektrotechnik AG
• Mega Home Appliances
• Orient Electric
• S&P Sistemas de Ventilacion SLU
• Sinus-Jevi Electric Heating B.V.

For more information about this report visit https://www.researchandmarkets.com/r/af61la

View source version on businesswire.com: https://www.businesswire.com/news/home/20210617005545/en/