Global Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size

In 2022, the global electric heating equipment market decreased by -1.8% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level at $X in 2021, and then shrank modestly in the following year.

Electric Heating Equipment Production

In value terms, electric heating equipment production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% 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 2017 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, global production growth remained at a lower figure.

Electric Heating Equipment Exports

Exports

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 4.1% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +32.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electric heating equipment exports totaled $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +69.0% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, China (X units) was the key exporter of electric space heating apparatus and soil heating apparatus, achieving 65% of total exports. It was distantly followed by Kyrgyzstan (X units) and Germany (X units), together creating a 17% share of total exports. The following exporters - Turkey (X units), Malaysia (X units) and the Netherlands (X units) - each resulted at a 5.3% share of total exports.

Exports from China increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Kyrgyzstan (+144.4%), the Netherlands (+11.1%), Malaysia (+11.1%) and Germany (+2.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +144.4% from 2012-2022. Turkey experienced a relatively flat trend pattern. Kyrgyzstan (+12 p.p.) significantly strengthened its position in terms of the global exports, while Germany and China saw its share reduced by -1.9% and -8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric heating equipment supplier worldwide, comprising 58% of global exports. The second position in the ranking was held by Germany ($X), with a 5.8% share of global exports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +6.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.5% per year) and Malaysia (+14.8% per year).

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, shrinking by -3.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the other global leaders experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports

Global electric heating equipment imports reduced modestly to X units in 2022, approximately mirroring the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, electric heating equipment imports rose modestly to $X in 2022. Overall, total imports indicated a notable expansion 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, imports increased by +34.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States was the key importer of electric space heating apparatus and soil heating apparatus in the world, with the volume of imports reaching X units, which was approx. 36% of total imports in 2022. Germany (X units) took a 6.1% share (based on physical terms) of total imports, which put it in second place, followed by the UK (4.7%). The following importers - France (X units), Thailand (X units), the Netherlands (X units), Russia (X units), Japan (X units), Italy (X units), Spain (X units), Poland (X units), Iraq (X units) and Canada (X units) - together made up 29% of total imports.

Imports into the United States increased at an average annual rate of +9.2% from 2012 to 2022. At the same time, Poland (+16.7%), the Netherlands (+12.1%), Thailand (+7.0%), Spain (+5.6%), Germany (+5.1%), the UK (+3.9%), Russia (+3.6%), France (+3.4%), Italy (+3.0%) and Iraq (+2.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +16.7% from 2012-2022. Canada experienced a relatively flat trend pattern. By contrast, Japan (-1.4%) illustrated a downward trend over the same period. The United States (+11 p.p.) and the Netherlands (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric heating equipment importing markets worldwide were the United States ($X), Germany ($X) and Japan ($X), with a combined 34% share of global imports. France, the UK, the Netherlands, Canada, Russia, Spain, Italy, Poland, Iraq and Thailand lagged somewhat behind, together accounting for a further 34%.

In terms of the main importing countries, the Netherlands, with a CAGR of +17.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, growing by 2.1% against the previous year. In general, the import price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2021 an increase of 6.3% against the previous year. Global import price 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 Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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