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.
Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format
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.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
- Crane USA - The company offers Smart Room Heater that includes Comfort Zone 1500 Watt Utility Milkhouse Portable Heater with Thermostat, Crane 10 Personal Ceramic Oscillating Heater, Ceramic Tower Space Heater and Kloudic 600W Desk Ceramic Heater with Tip-over Protection.
- De Longhi S.p.A - The company offers Smart Room Heater that includes fan heaters, convector heaters, oil filled radiators, Tower ceramic fan heater, Upright Ceramic Fan heater and Nano Oil filled radiator.
- Dr. Infrared Heater - The company offers Smart Room Heater that includes Electric Space Heaters, Patio Heaters, Unit Heaters, Garage Heaters, Construction Heaters, Bed Bug Heater, and Greenhouse Heaters.
- Dyson Technology India Pvt. Ltd. - The company offers Smart Room Heater that includes Dyson Purifier Cool Formaldehyde, Dyson Purifier Hot+Cool, Dyson Purifier Cool and Dyson Pure Cool.
- Honeywell International Inc. - The company offers Smart Room Heater that includes Honeywell Heat Bud Ceramic Portable Mini Heater, Surround Digital Fan Forced Heater, EnergySmart Cool Touch Heater, and Ceramic Portable Heater.
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist smart room heater market growth during the next five years
- Estimation of the smart room heater market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart room heater market across Europe, North America, APAC, South America, and Middle East and Africa
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart room heater market vendors
This report can be personalized to suit your business requirements. Speak to an Analyst
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Smart Room Heater Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.96% |
Market growth 2022-2026 |
USD 1.16 billion |
Market structure |
Fragmented |
YoY growth (%) |
13.84 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 33% |
Key consumer countries |
US, Japan, China, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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 |
Market Dynamics |
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. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Without connectivity - Market size and forecast 2021-2026
- Exhibit 28: Chart on Without connectivity - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Without connectivity - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Without connectivity - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Without connectivity - Year-over-year growth 2021-2026 (%)
- 5.4 Connected - Market size and forecast 2021-2026
- Exhibit 32: Chart on Connected - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Connected - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Connected - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Connected - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 Europe - Market size and forecast 2021-2026
- Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Crane USA
- Exhibit 89: Crane USA - Overview
- Exhibit 90: Crane USA - Product / Service
- Exhibit 91: Crane USA - Key offerings
- 10.4 De Longhi S.p.A
- Exhibit 92: De Longhi S.p.A - Overview
- Exhibit 93: De Longhi S.p.A - Business segments
- Exhibit 94: De Longhi S.p.A - Key offerings
- Exhibit 95: De Longhi S.p.A - Segment focus
- 10.5 Dr. Infrared Heater
- Exhibit 96: Dr. Infrared Heater - Overview
- Exhibit 97: Dr. Infrared Heater - Product / Service
- Exhibit 98: Dr. Infrared Heater - Key offerings
- 10.6 Dyson Technology India Pvt. Ltd.
- Exhibit 99: Dyson Technology India Pvt. Ltd. - Overview
- Exhibit 100: Dyson Technology India Pvt. Ltd. - Product / Service
- Exhibit 101: Dyson Technology India Pvt. Ltd. - Key offerings
- 10.7 Honeywell International Inc.
- Exhibit 102: Honeywell International Inc. - Overview
- Exhibit 103: Honeywell International Inc. - Business segments
- Exhibit 104: Honeywell International Inc. - Key news
- Exhibit 105: Honeywell International Inc. - Key offerings
- Exhibit 106: Honeywell International Inc. - Segment focus
- 10.8 Lasko Products LLC
- Exhibit 107: Lasko Products LLC - Overview
- Exhibit 108: Lasko Products LLC - Product / Service
- Exhibit 109: Lasko Products LLC - Key offerings
- 10.9 Orient Electric Ltd
- Exhibit 110: Orient Electric Ltd - Overview
- Exhibit 111: Orient Electric Ltd - Business segments
- Exhibit 112: Orient Electric Ltd - Key news
- Exhibit 113: Orient Electric Ltd - Key offerings
- Exhibit 114: Orient Electric Ltd - Segment focus
- 10.10 Sunbeam Products Inc.
- Exhibit 115: Sunbeam Products Inc. - Overview
- Exhibit 116: Sunbeam Products Inc. - Product / Service
- Exhibit 117: Sunbeam Products Inc. - Key offerings
- 10.11 SUNHEAT INTERNATIONAL
- Exhibit 118: SUNHEAT INTERNATIONAL - Overview
- Exhibit 119: SUNHEAT INTERNATIONAL - Product / Service
- Exhibit 120: SUNHEAT INTERNATIONAL - Key offerings
- 10.12 Supply Chain Sources LLC
- Exhibit 121: Supply Chain Sources LLC - Overview
- Exhibit 122: Supply Chain Sources LLC - Product / Service
- Exhibit 123: Supply Chain Sources LLC - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 124: Inclusions checklist
- Exhibit 125: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 126: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 127: Research methodology
- Exhibit 128: Validation techniques employed for market sizing
- Exhibit 129: Information sources
- 11.5 List of abbreviations
- Exhibit 130: List of abbreviations
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SOURCE Infiniti Research, Inc.
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