Northern America: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Northern America

The North American electric heating equipment market stood at $X in 2022, rising by 3.5% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Electric Heating Equipment Production in Northern America

In value terms, electric heating equipment production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11,075%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electric Heating Equipment Exports

Exports in Northern America

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 12% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a pronounced contraction. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric heating equipment exports skyrocketed to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X units), followed by Canada (X units) represented the main exporters of electric space heating apparatus and soil heating apparatus, together mixing up 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of -2.4%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of exports in 2022.

Canada, with a CAGR of +4.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, surging by 14% against the previous year. Overall, the export price recorded a prominent increase. The growth pace was the most rapid in 2018 when the export price increased by 37%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%).

Electric Heating Equipment Imports

Imports in Northern America

For the sixth year in a row, Northern America recorded growth in supplies from abroad of electric space heating apparatus and soil heating apparatus, which increased by 4.6% to X units in 2022. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2019 with an increase of 29%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, electric heating equipment imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 29%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, recording X units, which was approx. 95% of total imports in 2022. It was distantly followed by Canada (X units), making up a 4.8% share of total imports.

The United States was also the fastest-growing in terms of the electric space heating apparatus and soil heating apparatus imports, with a CAGR of +9.2% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (+5.3 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -5.3% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported electric space heating apparatus and soil heating apparatus in Northern America, comprising 81% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +1.4%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, approximately mirroring the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when the import price increased by 5.3% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.0%).

Source: IndexBox Platform

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