Portable heating systems are used to heat large areas such as workplaces or offices, and halls. Portable heating systems are powered either by electricity or by flammable fuel such as wood pellets, fuel oil, natural gas, or propane. However, electric portable heating systems consume more energy compared to other residential activities such as cooking, refrigeration, and lighting. Features such as safe heating - no flames, fumes, or carbon monoxide; and reduced allergens and pollution are anticipated to accelerate the demand for portable heating systems worldwide during the forecast period. The Dangerous Substances and Explosive Atmospheres Regulations 2002, U.S. Department of Energy, Annual Fuel Utilization Efficiency, Air Movement and Control Association (AMCA) International Inc., and others check the industry standards and set safety standards for portable heating systems. These standards are expected to increase the attentiveness of the global portable heating systems market during the forecast period.
Rapid product innovation, cold climatic conditions, growing number of households, and increasing disposable income are anticipated to accelerate the portable heating systems market during the forecast period.
Moreover, growing adoption of portable heating systems for commercial applications is expected to present opportunities for manufacturers of portable heating systems to extend and improve their product portfolio and expand in newer markets through acquisitions.
Other than commercial applications, the residential application segment is expected to create a huge opportunity for the global portable heating system market during the forecast period.
Growing technological advancement is also anticipated to drive the global portable heating system market. The industry participants are investing in R&D to develop smart appliances. All these factors are expected to boost the market growth of portable heating systems during the forecast period.
The global portable heating systems market can be segmented in terms of type, operating sources, application, and geography.
Based on type, the market is segmented into furnaces, boilers, heat pumps, direct heat, and others. Furnaces is the most attractive segment across different end-use applications.
In terms of operating sources, the market is classified into electricity, natural gas, solar, wood, fuel, and others. Natural gas is expected to be the most attractive segment during the forecast period.
In terms of application, portable heating systems can be classified into residential, commercial, and industrial. The commercial segment is expected to be the most attractive during the forecast period.
Based on geography, the global portable heating systems market can be classified into Europe, South America, Asia Pacific, North America, and Middle East & Africa. North America is expected to be the most dominating region. According to the government weather station, Canada's Yukon was the coldest territory in North America. This is expected to increase the demand for portable heating systems in the North America region during the forecast period. The market in the North America region is anticipated to grow at a faster rate since the region has large number of local/regional manufacturers of portable heating systems. As compared to other regions, the portable heating system market in Europe and South America is anticipated to have slower growth rate.
The global portable heating systems market is highly fragmented. Major players operating in this market are Mobile Air, University of Wisconsin System, Aggreko Energy Rental India Pvt Ltd, Heller Maschinenfabrik GmbH, Kogan.com Limited, Rinnai Corporation, Kambrook Australia, Dyson Ltd, Gebr, Sunbeam, Goldair Group, Kmart Corporation, De'Longhi S.p.A, Dimplex, ALDI Einkauf GmbH & Co, UAB ADAX, Kerone Engineering Solutions LTD, and others. According to the current market situation, companies face high levels of competition among themselves. In order to gain a competitive edge in the industry, market players are dedicated to product innovation and new product offerings. This strategy helps them to remain competitive.