Smart Electric Heaters Market Value is Expected to Rise to US$ 2 Bn by 2026

Smart Electric Heaters Market is Projected to Expand at a Stellar Value CAGR of 15.3% By 2026
Understanding several aspects of smart home solutions and appliances, Persistence Market
Research (PMR) has presented a weighted analysis on the global smart electric heaters market in its
new research report titled “Smart Electric Heaters Market: Global Industry Analysis (2013-2017)
and Forecast (2018-2026)”. Various facets of the market have been studied and their respective
magnitudes across regions in the globe that influence the global market’s growth are analyzed.
Several trends, growth drivers, restraints and developments are covered in this analytical research
report.
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.
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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.
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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.
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Global Smart Electric Heaters Market: Competition Analysis : According to research, players
should focus on working with leading research institutions to drive the market commercialization
with respect to technologies being developed in the industry. Key players profiled in this extensive
research report are 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.
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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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.

Smart Electric Heaters Market Value is Expected to Rise to US$ 2 Bn by 2026

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