The market size value per capita for electric radiators, convection heaters, and heaters with built-in fans in Belgium displayed notable fluctuation from 2013 to 2023. In 2023, the per capita value was €0.72. The market showed a dip during 2020, aligning with global disruptions, but rebounded in subsequent years to stabilize at €0.72 in 2023. Over the last two years, we observed a 4.92% increase from 2020 to 2021 and a 4.35% increase from 2021 to 2022, reflecting a recovery trend. The 5-year CAGR indicated moderate growth, emphasizing a market gradually regaining stability post-2020.
Future market trends to watch for include:
- Increased consumer adoption of eco-friendly and energy-efficient heating solutions.
- Technological advancements integrating smart features with heating appliances.
- Potential impact of regulatory changes aimed at reducing carbon emissions.
