Smart Electric Heaters Market 2022
The global Smart Electric Heaters Market is likely to grow vigorously in the upcoming period. The market would show inclination towards privacy-enhancing computation over the period of time. Loads of privacy-protection techniques are bound to be used for allowing extraction of value from the data. This would be the scene with ICT vertical in the next 10 years.
According to Persistence Market Research, smart electric heaters are expected to witness increased adoption in the coming years. The global market for market electric heaters is projected to expand at a stellar value CAGR of 15.3% throughout the period of assessment, 2018-2026. In 2017, the global market was valued at about US$ 554 Mn.
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Smart Features to Trigger Demand for Smart Electric Heaters
Various smart features such as scheduling, monitoring, and data usage comparisons through tablets or smartphones along with zonal heating and self-learning ability is expected to create high demand for smart electric heaters. Remote monitoring provides the user with a detailed analysis and diagnosis of IoT enabled electric heater through application on smartphone. With this same application or even with help of thermostat, which works on Wi-Fi, the user can preset desired temperature and heating schedule at different times in a day. Few of the smart thermostat modules are integrated with self-learning features that allow them to study, comprehend and record the temperature requirements of the user. This feature is expected to fuel the market’s growth even further, as thermostat automatically alters the temperature after studying and observing the temperature settings set by the user during the initial few number of days.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Honeywell International Inc., Zehnder Group, V-Guard Industries Ltd., Haier Electronics Group Co., Ltd., Mitsubishi Electric Corporation, A.O. Smith, Seimens AG, Danfoss, Rheen Manufacturing Company and Glen dimplex and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Electric Heaters.
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Growing Need for Temperature Control to Significantly Boost Global Market Demand for Smart Electric Heaters
The need for climate control and temperature maintenance, especially in cold regions, is expected to drive the market for smart electric heaters. While away, a user can maintain a cozy heated atmosphere at home or in office with the help of the smart features and eco-smart technology offered by a smart electric heater. Also, some smart water heaters automatically switch to electric heating when the sensors pick up a severe fall in temperature.
Integration of other connectivity platforms such as Bluetooth, ZigBee, RFID and HomeRF to connect smart electric heaters to the network infrastructure in households and workplaces can present potential opportunities in the coming years. This way more smart electric heaters can be added to the system and the remote access distance can be increased. This can drive the demand for smart electric heaters at a noteworthy pace.
Key Insights on the Global Market
With respect to function, smart water heaters are gaining high traction and the segment is projected to expand at a relatively faster pace during the assessment period. However, smart climate control segment is expected to lead the global market. Residential end users have shown high inclination towards adoption of smart electric heaters. Sale of smart electric heaters for residential applications is expected to surpass a billion dollar benchmark in the years to follow. This is the most lucrative end use segment. By component, solution segment has shown high market valuation since past years and is expected to continue with this trend in coming years. Services segment in this category is projected to radiate high demand during the assessment period.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
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Key Stakeholders
Smart Electric Heaters Market Manufacturers
Smart Electric Heaters Market Distributors/Traders/Wholesalers
Smart Electric Heaters Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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