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This report analyzes the smart room heater market by the type (without connectivity and connected) and geography (Europe , North America , APAC, South America , and Middle East and Africa )
NEW YORK , Sept. 20, 2022 /PRNewswire/ -- One of the key trends in the smart room heater market is the rise of multifunctional compact products. Advances in technology have improved product quality and made designs user-friendly. Hence, there is a trend for developing multifunctional compact home automation products with simple programming platforms. These products also reduce electricity consumption. Smart connected devices can calculate electricity consumption and regulate electricity usage based on the requirement. This helps save on utility bills and conserve energy.
The global smart room heater market size is expected to grow by USD 1.16 billion between 2021 and 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 19.96%, according to Technavio's latest market report.
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Based on type, the without connectivity segment will be the largest contributor to market growth during the forecast period, owing to factors such as the increasing adoption of smart room heaters by residential consumers driven by the changing lifestyles and growing preference for comfort.
Based on geography, Europe accounted for the highest market share growth during the forecast period. Factors such as the high penetration of smartphones and the Internet in the country are expected to foster the growth of the smart room heater market in Europe .
The smart room heater market will be driven by factors such as innovation in features and user interfaces. The rising living standards and increasing expenditure on technology and connected devices have propelled the demand for smart and advanced appliances. These products enable smart home appliances to be easily accessed through smartphones by using Bluetooth or Wi-Fi. Such innovations in smart room heaters can further drive market growth during the forecast period.
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Smart Room Heater Market Scope
Accelerate at a CAGR of 19.96%
Europe, North America, APAC, South America, and Middle East and Africa
US, Japan, China, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
Bromic Group Pty Ltd., Crane USA, De Longhi S.p.A, Dr. Infrared Heater, Dyson Technology India Pvt. Ltd., Energy Wise Solutions, Honeywell International Inc., KING ELECTRICAL MFG. Co., Lasko Products LLC, Orient Electric Ltd, Sunbeam Products Inc., SUNHEAT INTERNATIONAL, Supply Chain Sources LLC, and Warmex
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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