Europe Electric Storage Heater Market was valued at USD 1.9 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The Europe Electric Storage Heater Market is experiencing significant growth, driven by an increasing demand for energy-efficient solutions in residential and commercial sectors. The market is expanding due to the need for cost-effective heating systems that can store energy during off-peak hours and release it when required. These systems are particularly sought after in regions with high energy prices and unreliable electricity grids, offering a viable solution for reducing heating costs while ensuring comfort. This article delves into the types of electric storage heaters available in the market and the industry's specific requirements driving their adoption.
Electric storage heaters are categorized primarily into two types: conventional and advanced models. Conventional heaters are typically designed for use with off-peak electricity tariffs, where they store heat overnight for use the following day. Advanced electric storage heaters, on the other hand, feature smarter systems that allow for more precise control over heat storage and release. These models are integrated with Wi-Fi or smart home systems, offering greater energy efficiency and user convenience. The demand for such advanced models is rising, as consumers seek more control over their energy usage and overall cost savings.
Industries in Europe, particularly in construction and real estate, are increasingly adopting electric storage heaters as part of their energy-efficient building strategies. The residential sector is also driving demand, with homeowners seeking affordable yet efficient heating solutions. The growing trend towards green and sustainable living is influencing this shift. Manufacturers are focusing on producing high-performance models that meet these environmental standards while providing optimal heating solutions. Additionally, industries are looking for systems that can integrate seamlessly with renewable energy sources like solar panels, further boosting the need for technologically advanced storage heaters.
In summary, the demand for electric storage heaters in Europe is set to continue growing as industries prioritize energy efficiency and sustainability. As the market evolves, the need for advanced, smart solutions will shape the next generation of electric storage heaters, providing both cost savings and environmental benefits.
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Dimplex
Elnur
Stiebel Eltron
Creda
Sunhouse
Liberty Electric Products
Electric Ireland
Thermotec
Heatstore
Technotherm
Jersey Electricity
Alto Electrical
Vent-Axia
Newlec
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Electric Storage Heater Market
Convector Heaters
Radiant Heaters
Infrared Heaters
Storage Heaters
Wall-mounted Heaters
Electricity
Solar-assisted Electric Storage
Hybrid Systems
Grid-connected Electric Storage
Residential Use
Commercial Use
Industrial Use
Institutional Use (Schools, Hospitals, etc.)
Manual Control
Programmable Control
Smart Control Systems (IoT-enabled)
Remote-Controlled
Households
Small Businesses
Large Enterprises
Government and Public Institutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Electric Storage Heater Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Electric Storage Heater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Electric Storage Heater Market, By Type
6. Europe Electric Storage Heater Market, By Application
7. Europe Electric Storage Heater Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Electric Storage Heater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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