Enjoy complimentary customisation on priority with our Enterprise License!
The smart room heater market size is forecast to increase by USD 699.4 million at a CAGR of 10.95% between 2023 and 2028. The market's growth depends on several factors, such as innovations in features and user interfaces, the growing adoption of smart homes and smart appliances, and the convenience offered to customers for ease of use. These elements collectively drive market expansion by enhancing product functionality, integrating advanced technology into everyday life, and prioritizing user-friendly experiences. Innovations in features and user interfaces make devices more appealing and efficient. The growing adoption of smart homes and appliances reflects a trend towards interconnected living spaces. Additionally, the convenience provided to customers focuses the importance of intuitive and accessible technology, further driving market growth.
The market encompasses a range of heating solutions for both residential and non-residential spaces. These heaters incorporate smart features such as digital control panels, touchscreen interfaces, and intelligent heating devices. They come in various forms, including Tower, Table Top, Portable, and Zonal heating systems. Smart appliances and electric devices, like Smartphone applications, offer Wi-Fi connectivity and mobile apps for optimal heating solutions. Advanced sensors and wireless connectivity enable smart controls, ensuring energy consumption is kept to a minimum. Smart home systems, including Central heating systems, can be integrated with these heaters for advanced heating solutions. The market for these devices continues to grow, with an increasing focus on energy efficiency and digital innovation. Key features include Smart controls, Connectivity options, and Advanced sensors, making them an essential addition to modern living spaces.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The without connectivity segment is estimated to witness significant growth during the forecast period. The market encompasses a range of heating solutions, including portable electric heaters and wall-mounted models, that prioritize energy efficiency and convenience. Energy consumption is a significant consideration in this market, with energy-efficient radiator heaters and advanced heating technologies, such as infrared and ceramic, gaining popularity. These heaters often feature built-in air purifiers and filtration systems to enhance indoor air quality, addressing health concerns related to pollutants, allergens, and odors. Smartphone applications and smart home systems enable users to manage heating schedules, temperature settings, and heating levels remotely. Energy usage can be monitored and optimized through data analysis and weather forecasts, leading to cost-effective heating solutions.
Moreover, non-essential items, such as specialty retailers, offer a wide array of smart connectivity features, including automation, synchronization, and thermostats, to create a seamless smart home ecosystem. Cost-effective heating solutions are increasingly important to consumers, particularly those who are health-conscious and value energy efficiency. Artificial intelligence, machine learning, and algorithms are being integrated into heating systems to analyze heating patterns and provide personalized heating schedules. Traditional heaters are being surpassed by these advanced heating technologies, offering improved heat distribution and compatibility with smart home systems. In summary, the market is driven by the growing demand for energy-efficient, cost-effective, and convenient heating solutions.
Similarly, smartphone applications, smart home systems, and advanced heating technologies are transforming the market, providing consumers with the ability to manage their heating systems remotely, optimize energy usage, and enhance indoor air quality.
Get a glance at the market share of various segments Request Free Sample
The without connectivity segment was valued at USD 480.23 million in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The European market is expected to expand substantially during the forecast period, driven by the growing trend of energy efficiency and the increasing adoption of smart home systems. With centralized space heating accounting for substantial energy consumption, consumers are turning to portable electric heaters and wall-mounted heaters as cost-effective and energy-efficient alternatives. These smart heating solutions offer advanced connectivity features, enabling users to control heating schedules and temperature settings via smartphone applications. Energy-efficient radiator heaters, infrared, ceramic, and oil-filled radiators are gaining popularity due to their energy efficiency and heat distribution capabilities. Heating patterns can be analyzed through data analysis, allowing for personalized heating schedules based on weather forecasts and individual preferences.
However, health-conscious consumers are also attracted to built-in air purifiers and filtration systems, which improve indoor air quality by reducing pollutants, allergens, and odors. Prominent multinational companies in the market include De Longhi S.P.A and Honeywell International Inc. The market is segmented into specialty retailers and advanced heating technologies. Smart connectivity and automation are key features of the smart home ecosystem, with synchronization and thermostats playing crucial roles in optimizing heating levels and ensuring energy efficiency. In countries like Germany, the widespread reach of network connectivity and the tech-savvy population have made it a significant target market for smart home technology.
Also, the UK, with its large population base and increasing penetration of smart home systems, is also experiencing growth in the market. Artificial intelligence and machine learning algorithms are being integrated into heating systems to optimize energy usage and provide personalized heating solutions. These advancements, along with the growing awareness of energy efficiency and indoor air quality, are expected to drive the growth of the European market.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The innovation in features and user interfaces is the key driver of the market. In the market, voice assistants and occupancy sensors have become essential features for modern home appliances. These advanced technologies enable users to control heating systems with simple voice commands or automatically adjust temperatures based on room occupancy. Energy consumption monitoring is another key aspect, allowing homeowners to keep track of their energy usage and reduce energy bills, thereby minimizing their carbon footprint. Safety features such as tip-over protection, overheating detection, and child lock functions are crucial in ensuring the well-being of families. Smart home technologies and home automation are driving the demand for energy-efficient solutions, with incentives and regulations encouraging the adoption of energy conservation standards.
Also, availability and affordability are also important factors in a market that is experiencing fragmentation, with a growing emphasis on energy-efficient heating solutions for colder climates. companies are continuously innovating to provide technologically advanced appliances that cater to the needs of consumers in various regions. Energy-efficient heating solutions are becoming increasingly popular, as they not only help reduce energy bills but also contribute to a greener environment. As the market evolves, it is essential to stay informed about the latest trends, regulations, and standards to make informed decisions and optimize energy usage in the home.
An increasing number of strategic partnerships is the upcoming trend in the market. In the market, voice assistants and occupancy sensors are increasingly becoming essential features for energy consumption monitoring and conservation. With rising energy bills and growing concerns over carbon footprint, energy-efficient solutions are in high demand. Market players are collaborating with technology companies to integrate advanced safety features such as tip-over protection, overheating detection, and child lock functions into their smart room heaters.
Similarly, these energy-efficient heating solutions are particularly important in colder climates. Home automation and smart home technologies are driving the market, with incentives and regulations encouraging their adoption. Energy conservation and standards are key considerations, ensuring the availability and affordability of these solutions for consumers. Market fragmentation continues to characterize the market, with a focus on providing energy-efficient heating solutions that meet the needs of various consumer segments.
The growing demand for centralized heating products and air conditioners with heating option is a key challenge affecting the market growth. In the realm of smart home technologies, the market for voice-controlled and energy-efficient room heaters is gaining significant traction. Occupancy sensors and energy consumption monitoring are integral features, enabling automatic adjustments to temperature and energy usage based on room occupancy and environmental conditions. This results in reduced energy bills and a smaller carbon footprint. Safety is prioritized with tip-over protection, overheating detection, and child lock functions.
However, these advanced heating solutions align with the trend towards home automation and energy conservation. Incentives and regulations promoting energy efficiency and energy conservation further bolster the market's growth. As the demand for energy-efficient heating solutions increases, particularly in colder climates, market fragmentation continues to shape the industry landscape. Affordability and availability remain crucial factors in the market's expansion, with ongoing efforts to develop and standardize energy-efficient heating solutions.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bromic Group: The company offers smart room heaters such as Platinum smart heat BH0320003, Platinum smart heat BH0320007, and Platinum smart heat BH0320019.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is experiencing significant growth due to the increasing demand for energy-efficient and technologically advanced heating solutions. The integration of artificial intelligence and the Internet of Things (IoT) in heating systems is a key trend in this market. These advanced features enable users to control heating systems remotely and optimize energy consumption. Smart room heaters offer comfort and convenience, allowing users to maintain their preferred temperature levels with ease. They also provide real-time energy consumption data, enabling users to monitor and reduce their energy usage. The use of renewable energy sources, such as solar and wind, to power smart room heaters is another emerging trend in this market.
In conclusion, the market for smart room heaters is expected to grow at a steady pace due to the rising awareness of energy efficiency and the increasing adoption of smart home technologies. The market is also driven by the growing demand for comfort and convenience in residential and commercial buildings. Smart room heaters come in various types, including radiators, underfloor heating systems, and panel heaters. The choice of heater type depends on factors such as the size of the room, energy efficiency, and personal preference. In conclusion, the market is witnessing growth due to the increasing demand for energy-efficient and technologically advanced heating solutions. The integration of AI and IoT, real-time energy consumption monitoring, and the use of renewable energy sources are some of the key trends driving the growth of this market.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
160 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 10.95% |
|
Market growth 2024-2028 |
USD 699.4 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
9.91 |
|
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
Europe at 34% |
|
Key countries |
US, Japan, China, Germany, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Alphabet Inc., Bromic Group, Crane USA, De Longhi S.p.A, Dr. Infrared Heater, Dyson Technology India Pvt. Ltd., Energy Wise Solutions, Hon Hai Precision Industry Co. Ltd., Honeywell International Inc., King Electric, Lasko Products LLC, Mill International AS, Mogli Labs Pvt. Ltd., Orient Electric Ltd, Pelonis Technologies Inc., STIEBEL ELTRON GmbH and Co. KG, SUNHEAT International, tado GmbH, The Home Depot Inc., V Sun Electronics and Appliances, Vornado Air LLC, WARMEX, and ZunRoof Tech Pvt Ltd. |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
