North America Oil Filled Electric Heaters Market is growing with factors such as improved lifestyles and increasing demand of household heating appliances. Surging adoption of eco-friendly heaters acts as a major factor for the growth of the market. Characteristics such as energy efficiency, low maintenance, operational costs and installations have also given a boom to the North America oil filled electric heaters market.
Cost-effectiveness and high efficiency have propelled the demand of the market. However, product recalls due to safety issues may decreased the demand in the market.
North America Oil Filled Electric Heaters Market Scenario
According to the Data Bridge Market Research, the market is dominated by the U.S., and the market leader is De' Longhi Appliances S.r.l., which accounts an estimated market share of approximately 22.90% in the North American market. The company has gained outstanding sale by providing multiple oil filled electric heaters products and solutions.
- In February 2020, De’ Longhi Appliances S.r.l. expanded its business by acquisition of a new production plant in Romania. The site is composed of two buildings of around 25,000 square meters, with already operating injection machines and EPS (expanded polystyrene) production facilities that the Group can use for its production. The new location employed around 500 workers, and the aim behind the move was to pursue growth in the market.
Trends Impacting the Market
Now the question is which other regions De' Longhi Appliances S.r.l., Honeywell International Inc. and NewAir are targeting? Data Bridge Market Research has estimated large growth in the U.S. oil filled electric heaters market, and the market leaders are targeting Canada and Mexico to be their next picket revenue for 2022.
The oil filled electric heaters market is becoming more competitive with companies such as De' Longhi Appliances S.r.l., Honeywell International Inc, and NewAir. These are the top dominating companies in oil filled electric heaters market and have launched novel products in the market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the North America oil filled electric heaters market.
For more analysis on the North America oil filled electric heaters market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=north-america-oil-filled-electric-heaters-market
Oil Filled Electric Heaters Market Developments
- In June 2021, NewAir expanded its business operations through investments in infrastructure, product development, and add-on acquisitions by Guardian Capital Partners. The company has partnered with NewAir management team to execute the plans of expansion. This has helped the company evolve as a leading digitally native compact appliances company with a continued shift towards e-commerce shopping.
- In February 2020, De’ Longhi Appliances S.r.l. expanded its business by acquisition of a new production plant in Romania. The site is composed of two buildings of around 25,000 square meters, with already operating injection machines and EPS (expanded polystyrene) production facilities that the Group can use for its production. The new location employed around 500 workers, and the aim behind the move was to pursue growth in the market.
- In February 2020, NewAir was awarded Top Workplaces 2019 by The Orange County Register. The survey measures several aspects of workplace culture, including alignment, execution, and connection, and other factors. The strong and steady advancement of NewAir Appliances reflects the connected company culture for which the company has been awarded. This has enhanced the company’s reputation in the market.
Scope of the Oil Filled Electric Heaters Market
All country based analysis of the North America oil filled electric heaters market is further analyzed based on maximum granularity into further segmentation. On the basis of application, the North America oil filled electric heaters market is segmented into residential and commercial. On the basis of product, the North America oil filled electric heaters market is segmented into portable and fixed. On the basis of distribution channel, the North America oil filled electric heaters market is segmented into online, supermarkets & hypermarkets, specialty store, departmental store, and others.
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Key Pointers Covered in Oil Filled Electric Heaters Market Industry Trends and Forecast to 2029
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of Oil filled electric heaters market
- Company profiling of top eight players of Oil filled electric heaters market
Key Market Competitors Covered in the Report
- De' Longhi Appliances S.r.l.
- Honeywell International Inc
- NewAir
- PELONIS
- Ningbo Konwin Electrical Appliances Co., Ltd.
- Costway.com, Inc.
- H2 Brands Group
- Lorell Office Furniture
- Optimus Enterprise, Inc.
- SENCOR
Above are the key players covered in the report, to know about more and exhaustive list of oil filled electric heaters companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-oil-filled-electric-heaters-market
Research Methodology: North America Oil Filled Electric Heaters Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Product Developers, Commercial Buyers, Residential Buyers and Retailers among others.
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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