(EMAILWIRE.COM, August 03, 2023 ) The total global market for the “Motor Space Heater Market” was valued at USD 5.15 Bn in 2022 and is expected to grow at a CAGR of 4.9 percent over the forecast period to reach USD 7.2 Bn by 2029.

Motor Space Heater Market Report Scope and Research Methodology

The Motor Space Heater Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The data for the report is collected by using both primary and secondary collection techniques for the analysis of the Motor Space Heater industry.

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Motor Space Heater Market Dynamics

The increasing energy efficiency initiatives to reduce carbon emissions are the key driver for the Motor Space Heater Market. The innovations in motor space heater technology such as advancements in self-regulation, temperature control, and remote monitoring capabilities are an opportunity for market growth. Cost management is the restraining factor for the Motor Space Heater industry's growth.

Motor Space Heater Regional Insights

North America dominated the Motor Space Heater Market in 2022. The expansion of the automotive, manufacturing, and oil and gas sectors and increasing safety restriction boost the regional market growth.

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Motor Space Heater Market Segmentation

By Type
Resistance Heaters
PTC Heaters

By Control
Manual Control
Automatic Control

By End User
Manufacturing and Industrial Sector
Commercial Sector
Residential Sector

By Heating Capacity
Low-Capacity Heaters
Medium Capacity Heaters
High-Capacity Heaters

Motor Space Heater Key Players include:

Honeywell
Lennox
Vornado
Heater Genie
Lasko
Mr. Heater
Masterbuilt
Radiant Heat
Heater Trends
Heater USA
My Heater
Comfy Space Heaters
Honeywell Home
Eden Heat
Heat Storm

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Maximize Market Research is leading Engineering Equipment research firm, has also published the following reports:

Electric Wall Heater Market- The market size is expected to reach USD 5.86 Bn by 2029 at a CAGR of 5.89 percent during the forecast period.

Water Bath Heater Market- The Market size is expected to reach USD 176.54 Mn by 2029 at a CAGR of 4.6 percent during the forecast period.

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