The import of non-electric heaters with fans made of iron or steel to the US is projected to grow from 826.53 million USD in 2024 to 950.28 million USD in 2028. This indicates a year-on-year increase of approximately 3.86% from 2024 to 2025, and the same for the following years, with a compound annual growth rate (CAGR) of about 3.54% over this five-year period. As a reference point, imports stood at 792 million USD in 2023, making a solid upward trend in the forecasted period starting from 2024.
Future trends to watch include:
- Global steel prices, which could impact costs.
- Technological advancements leading to product innovation.
- Trade policy changes that could affect import levels.
- Rising energy efficiency demands potentially boosting market growth.
