Soaring electricity prices in Israel led to a high level of overall concern among consumers when purchasing and using high energy consuming appliances. For this reason, many Israeli households abandoned use of heating appliances towards the end of the review period, instead using air conditioners to keep their homes warm. Heating appliances which are plugged in and then left on the floor are often regarded as a fire hazard in Israel and are therefore used only very cautiously.
Competitive Landscape
Newpan Ltd maintained its leading position in heating appliances in 2014 with a 24% volume share, placing it considerably ahead of second-placed Sachs Ltd with a 10% volume share. Newpan’s strong position in the category can be tribute to the popularity of its De'Longhi brand in heating appliances. In addition, Newpan also offers a variety of fan heaters under various different mid-priced and premium brands.
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Industry Prospects
Heating appliances in Israel is expected to decline in value at a CAGR of -4% in constant 2014 terms during the forecast period, although volume sales are expected to increase at a CAGR of 3%. High levels of growth are not expected to emerge in heating appliances during the forecast period as rising electricity prices and the limited period during which heating appliances are required in Israel due to the generally warm weather in most of the country is set to combine to limit demand substantially.
Report Overview
Discover the latest market trends and uncover sources of future market growth for the Heating Appliances industry in Israel with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Heating Appliances industry in Israel, our research will save you time and money while empowering you to make informed, profitable decisions.
The Heating Appliances in Israel market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
* What is the market size of Heating Appliances in Israel?
* What are the major brands in Israel?
* Are central heating units inhibiting potential growth for electric fires?
* Has innovation in panel heaters led to an upturn in fortunes for the category?
Reasons to Get this Report
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"Heating Appliances in Israel" now available at Fast Market Research
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Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001