Market Forecast By Type (Fan Heaters, Convention Radiators, Infrared Radiators, Oil-based Radiators), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC261540 | Publication Date: Feb 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Georgia Electric Radiators Market is estimated to grow tremendously during the forecast period. Electric radiators in the Georgia are becoming popular owing to their convenience, ease of use, and energy efficiency. They are popular in homes and apartments without the central heating systems.
According to 6Wresearch, the Georgia Electric Radiators Market size is anticipated to grow at a higher growth rate during the 2023-2029. Electric radiators are heating system which use electricity for generating heat. In Georgia, these electric radiators are becoming more and more popular owing to their convenience, ease of use, and energy efficiency. They are popular in homes and apartments without the central heating systems. The sector in the state still relatively small as compared to other heating alternatives like wood-fired and gas heating systems. However, the sector is attaining growth since more people in the Georgia know the benefits they can get from electric radiators.
Georgia's climate is the key factor stimulating the Georgia Electric Radiators Market Growth. The state experiences cold winters, especially in the mountainous continents, which produces a string demand for electric radiators. Additionally, electricity is cheap and readily available in the Georgia, and this makes electric radiators a cost-effective option for a number of consumers. Overall, the sector in the state is likely to continue grow in years to come as more people seek out energy-efficient as well as convenient heating solutions for their businesses and homes.
Government of Georgia also supports the growth of this market since this sector is one of the important sectors in the state.
The coronavirus pandemic had a massive impact on various markets in the world, including Georgia electric radiators sector. Here are some of the ways the pandemic affected this sector:
Disruptions in Supply Chain: The pandemic disrupted supply chains, made it difficult for manufacturers to buy the raw materials as well as components required to produce electric radiators. This led to delays in production as well as increased costs of some products.
Reduced Demand: With several households and businesses experienced financial hardships owing to the pandemic, the demand for electric radiators decreased. Consumers prioritized essential purchases, as well as heating was not the priority for many.
Shift in Consumer Preferences: The pandemic led to a shift in the preferences of consumers towards energy-efficient as well as sustainable products. This benefited electric radiator manufacturers offer efficient and eco-friendly models.
Remote Work: The pandemic led to a rise in remote work, which resulted in lower demand for electric radiators in the commercial buildings. However, the requirement for heating in residential buildings increased as people in the nation used to spend more time at home.
Overall, the COVID-19 impact on the Georgia electric radiators market was mixed, with both positive as well as negative effects. The sector is now becoming increasingly popular and the Georgia Electric Radiators Market share will grow more.
Based on type, the Electric radiators Market in Georgia is fragmented into Fan Heaters, Convention Radiators, Infrared Radiators, and Oil-Based Radiators. The oil-based radiators are projected to grow in demand in the coming years.
Based on application, the Georgia Electric Radiators Industry is fragmented into Residential, Commercial, and Industrial. The residential application segment will account for the largest industry share in the future owing to the faster advancements in technology.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Georgia Electric Radiators Market Overview |
3.1 Georgia Country Macro Economic Indicators |
3.2 Georgia Electric Radiators Market Revenues & Volume, 2022 & 2029F |
3.3 Georgia Electric Radiators Market - Industry Life Cycle |
3.4 Georgia Electric Radiators Market - Porter's Five Forces |
3.5 Georgia Electric Radiators Market Revenues & Volume Share, By Type, 2022 & 2029F |
3.6 Georgia Electric Radiators Market Revenues & Volume Share, By Application, 2022 & 2029F |
4 Georgia Electric Radiators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Georgia Electric Radiators Market Trends |
6 Georgia Electric Radiators Market, By Types |
6.1 Georgia Electric Radiators Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Georgia Electric Radiators Market Revenues & Volume, By Type, 2019 - 2029F |
6.1.3 Georgia Electric Radiators Market Revenues & Volume, By Fan Heaters, 2019 - 2029F |
6.1.4 Georgia Electric Radiators Market Revenues & Volume, By Convention Radiators, 2019 - 2029F |
6.1.5 Georgia Electric Radiators Market Revenues & Volume, By Infrared Radiators, 2019 - 2029F |
6.1.6 Georgia Electric Radiators Market Revenues & Volume, By Oil-based Radiators, 2019 - 2029F |
6.2 Georgia Electric Radiators Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Georgia Electric Radiators Market Revenues & Volume, By Residential, 2019 - 2029F |
6.2.3 Georgia Electric Radiators Market Revenues & Volume, By Commercial, 2019 - 2029F |
6.2.4 Georgia Electric Radiators Market Revenues & Volume, By Industrial, 2019 - 2029F |
7 Georgia Electric Radiators Market Import-Export Trade Statistics |
7.1 Georgia Electric Radiators Market Export to Major Countries |
7.2 Georgia Electric Radiators Market Imports from Major Countries |
8 Georgia Electric Radiators Market Key Performance Indicators |
9 Georgia Electric Radiators Market - Opportunity Assessment |
9.1 Georgia Electric Radiators Market Opportunity Assessment, By Type, 2022 & 2029F |
9.2 Georgia Electric Radiators Market Opportunity Assessment, By Application, 2022 & 2029F |
10 Georgia Electric Radiators Market - Competitive Landscape |
10.1 Georgia Electric Radiators Market Revenue Share, By Companies, 2022 |
10.2 Georgia Electric Radiators Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |