The Outdoor Heating Market Growth was estimated to be USD 1.21 billion in 2022 and is projected to reach USD 1.91 billion by 2030, with a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2030.
In the realm of outdoor heating, the market has witnessed substantial growth, with an estimated value of USD 1.21 billion in 2022. This upward trajectory is expected to continue, reaching a staggering USD 1.91 billion by 2030. Such growth is driven by a robust compound annual growth rate (CAGR) of 5.9% during the forecast period spanning from 2023 to 2030.
The outdoor heating market has experienced remarkable expansion, with its value estimated at USD 1.21 billion in 2022. This upward trend is set to persist, propelling the market to a remarkable USD 1.91 billion by 2030. Such growth is underpinned by a steady compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2030. The projected growth of 91 billion by 2030 is indeed impressive and signifies a promising future for the industry. With a steady compound annual growth rate (CAGR) of 5.9% expected from 2023 to 2030, it is evident that the market is poised for consistent expansion. This growth rate indicates a strong demand for the product or service, and businesses operating in this sector can anticipate a prosperous decade ahead.
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KEY MARKET SEGMENTATION
By Product Type
Freestanding
Tabletop
Wall Mounted
Hanging
By Fuel Type
Electric
Gas/Propane
Others
By Application
Catering & Hospitality
Commercial & Industrial Space Heating
Residential Outdoors
Key Players
The major key players are, Infratech, Lava Heat Italia, Bromic, Calcana, Ambience, Fire Sense, Schwank, AZ Patio Heaters, Napoleon, Dayva, Lynx Grills, and others.
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Table of Contents
Introduction
Research Methodology
Market Dynamics
Impact Analysis
Value Chain Analysis
Porter’s 5 forces model
PEST Analysis
Outdoor Heating Market, By Product Type
Outdoor Heating Market, By Fuel Type
Outdoor Heating Market, By Application
Regional Analysis
Company Profile
Competitive Landscape
USE Cases and Best Practices
Conclusion
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