PUNE, India, September 30, 2022 (GLOBE NEWSWIRE) — The Outdoor Heater Market in United States size was estimated $411.1 million in 2021. The market is expected to keep growing $431.5 million 2022 to $667.1 million by 2029 with a CAGR of 6.4% during the forecast period.
Fortune Business Insights provides this information in its report entitled “United States Residential Outdoor Heating Market, 2022-2029.”
Effects of COVID-19:
A significant increase in time spent indoors had a positive impact on the market
The outbreak of COVID-19 had a notable impact on economic events in the US market. The market even saw its GDP growth deteriorate, falling nearly 3.5% in 2020. The US market has underperformed over the past 74 years; therefore impeding market growth. Substantial falls in consumer spending and capitalization declines in various companies due to the adverse revenue crunch were the history of the pre-pandemic.
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Scope and Segmentation of US Residential Outdoor Heater Market Report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 6.4% |
| Value prognosis 2029 | $667.1 million |
| base year | 2021 |
| Market size for outdoor heating in USA in year 2021 | $411.1 million |
| Historical data | 2018-2020 |
| number of pages | 120 |
| Covered Segments | By product type, by fuel type |
| Growth drivers for the outdoor heating market in the USA | Increasing demand for outdoor electric heaters to underpin development prospects |
Fortune Business Insights™ lists all the companies in the US residential outdoor heating market that are currently striving to reduce the impact of the Covid-19 pandemic on the market:
• Infratech (US)
• Lava heat Italy (USA)
• Bromine (Texas, USA)
• AEI Corporation (USA)
• Twin…
