Smart Electric Heater Market
Smart Electric Heater Market Analysis by Convection Heaters, Radiant Heaters, Infrared Panel Heaters, and Fan Heaters from 2024 to 2034
Analysis of Smart Electric Heater Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smart Electric Heater Market Outlook (2024 to 2034)
A new study by Fact.MR reveals the global smart electric heater market size is pegged at US$ 1.86 billion for 2024. As per the report, global sales of smart electric heaters are predicted to rise at 13.8% CAGR and reach US$ 6.77 billion by the end of 2034.
Smart electric heaters are equipped with advanced features, including adaptive heating controls and programmable settings. These capabilities help end users optimize their heating schedules depending on their preferences and usage patterns, thereby leading to reduced utility bills and energy savings.
Continuous technological advancements resulted in the development of smart electric heaters with several features, including voice assistants (Google Assistant and Alexa), Wi-Fi connectivity, mobile app controls, smart thermostats, and energy usage monitoring. Great convenience, energy efficiency, and control are offered by these heaters to their respective end users.
Key Market Growth Drivers
- Increasing popularity of smart homes along with a desire to adopt interconnected devices, is leading to the installation of smart electric heaters. These smart electric heaters are integrated with smart home ecosystems and are compatible with several platforms, including Google Home, Amazon Alexa, and Apple Homekit, which is further predicted to add to the seamless automation experience for consumers.
- Rising concerns about environmental sustainability are predicted to stimulate more consumers to install smart electric heaters. They offer some eco-friendly features, including adaptive heating, the ability to control energy consumption, and energy-saving modes.
Remote accessibility of smart electric heaters through web interfaces or smartphone applications is estimated to contribute to their convenience. People who want to make adjustments in heating settings during their absence are inclined to adopt these heaters due to their convenience in remote operation.
- Demand for smart electric heaters in South Korea is predicted to increase at a 16.9% CAGR and reach a market value of US$ 273.5 million by 2034-end.
- The residential segment is forecasted to hold 58.2% share of the global market revenue by 2034.
- East Asia is projected to account for 31.5% share of the global market in 2024.
Government incentives and regulations are promoting the adoption of energy-efficient appliances. Tax credits, rebates, and other incentives are offered to consumers for installing energy-efficient appliances.
| Report Attributes | Details |
|---|---|
| Smart Electric Heater Market Size (2024E) | US$ 1.86 Billion |
| Forecasted Market Value (2034F) | US$ 6.77 Billion |
| Global Market Growth Rate (2024 to 2034) | 13.8% CAGR |
| North America Market Share (2024E) | 37.3% |
| Canada Market Value (2024E) | US$ 127 Million |
| Japan Market Growth Rate (2024 to 2034) | 14.5% CAGR |
| Convection Heaters Segment Share (2034F) | 41.8% |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Why is Demand for Smart Electric Heaters Increasing Exponentially across the World?
“Technological Advancements Leading to Development of Advanced Electric Heaters”
Constant technological advancements are predicted to contribute to the expansion of the smart electric heater market. Integration of Wi-Fi ensures easy connectivity of smart electric heaters to home networks and enables remote access through tablets and smartphones. This feature enables users to make adjustments in heating settings irrespective of their physical presence, thus ensuring an optimization in energy use.
Smart thermostats in electric heaters come with programmable settings and offer precise temperature control. They can optimize heating cycles as per the preferences of users to maintain a comfortable temperature. In addition, the integration of some popular voice assistants, such as Siri and Google Assistant, allows end users to get control of their heaters through voice commands.
Geofencing technology can easily detect the presence of users using location-based services or GPS. This feature allows smart electric heaters to make adjustments in temperatures based on the proximity of users.
“Smart Electric Heaters Ensuring Energy Efficiency and Cost Savings”
Cost savings and energy efficiency are key pivotal aspects that are forecasted to attract smart electric heater market trends. These smart home heaters enable users to enjoy personalized heating schedules customized as per their daily preferences and routines. These settings enable users to set temperatures as per the outside temperature of the day, thereby optimizing energy consumption.
Some home automation heating solutions provide zoning capabilities, enabling users to heat rooms or specific zones independently. These precise control features enable end users to allocate heat according to specific requirements while avoiding overheating in unoccupied areas. This energy optimization feature of electric heaters is predicted to contribute to their increased adoption.
What’s Predicted to Negatively Impact Smart Electric Heater Market Growth?
“Risk of Cybersecurity Threats Hampering Market Expansion”
Risks associated with cybersecurity threats are predicted to limit the adoption of smart electric heaters. Hackers can get unauthorized access to these smart devices and use them to access other devices connected to the same home network.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
How are Start-ups Projected to Make a Mark in This Market?
“Development of Customized Smart Electric Heaters”
Start-ups can adopt customization as a prominent tool to offer smart electric heaters with minimal energy waste. They can incorporate digital programming to enable users to keep track of their schedules to ensure minimal energy wastage. These systems fit well with LCDs to make programming simple.
Country-wise Insights
Among other regional markets, North America is predicted to hold 38.1% share of the global market by 2034 owing to the rising installation of energy-efficient and smart home heating solutions. Moreover, the presence of some prominent manufacturers in the region is also contributing to smart electric heater market growth.
Why are Smart Electric Heater Suppliers Thriving in the United States?
“Energy Efficiency of Smart Electric Heaters Driving Sales amidst Rising Energy Costs”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 501.6 Million |
| Growth Rate (2024 to 2034) | 13.7% CAGR |
| Projected Value (2034F) | US$ 1.82 Billion |
The United States is estimated to occupy 72.3% share of the regional market revenue in 2024. The energy efficiency of electric heaters is predicted to stimulate their demand in the United States. With the increasing cost of energy in the United States, more Americans are becoming conscious about their energy use. They are opting for ways to minimize their electricity bill.
Incorporation of advanced technologies, including zoning controls and programmable thermostats, optimizes heating use while minimizing energy waste. These heaters are becoming popular among individuals looking for options to reduce their environmental footprints.
Why is China a Key Contributor to the Smart Electric Heater Market Share in East Asia?
“Rising Demand for Smart Electric Heaters Due to Long and Cold Winters”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 360.3 Million |
| Growth Rate (2024 to 2034) | 14.6% CAGR |
| Projected Value (2034F) | US$ 1.41 Billion |
China is forecasted to hold 60.4% share of the regional market by 2034. Long cold winters in China are predicted to stimulate the need for appliances to keep apartments cozy. Several areas in the country, especially the Northern parts, experience harsh winters therefore, an increase in the demand for efficient heating solutions is encountered. Thus, cold and long winters in China are predicted to stimulate the adoption of smart electric heaters.
Technologically advanced electric heaters provide a convenient and efficient way to keep apartments and homes warm during the winter. They are specifically designed to improve efficiency with the use of advanced technologies, including occupancy sensors and programmable thermostats, to reduce energy waste and optimize heating use.
Advancements make heaters an attractive option for people looking to reduce their electricity bills while maintaining a comfortable temperature. Further, with increasing population and rising energy prices, demand for convenient and efficient heating solutions is projected to increase.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
A study by Fact.MR, a market research and competitive intelligence provider, mentions that convection heaters are projected to hold 41.8% share of the global market by 2034 owing to their energy-efficient and cost-effective features.
Why is the Demand for Smart Electric Heaters High in Residential Settings?
“Pocket-friendly Prices of Smart Electric Heaters Key Driver”
| Attribute | Residential Sector |
|---|---|
| Segment Value (2024E) | US$ 1.05 Billion |
| Growth Rate (2024 to 2034) | 15% CAGR |
| Projected Value (2034F) | US$ 3.94 Billion |
The residential segment is predicted to hold 58.2% share of the global market revenue by 2034. Cost-effectiveness is one of the key factors that is stimulating demand for smart electric heaters in the residential sector. They are more energy-efficient compared to conventional heating systems. These smart electric heaters come with some advanced features, including remote control capabilities, occupancy sensors, and programmable thermostats.
Smart electric heaters enable end users to monitor their heating preferences based on their usage patterns and needs. This level of automation and control is predicted to help in reducing energy waste, thus minimizing the cost of energy bills. Thus, people who are looking for energy-efficient and affordable heating solutions are adopting smart electric heaters.
Market Players
Manufacturers are collaborating with several IoT (Internet of Things) and information technology providers to offer more efficient products to end users. They are focusing on ensuring quality control of products, effective management of supply chain systems, new developments, and collaborations to get a competitive edge.
Key players in the smart electric heater market are Honeywell International Inc., Zehnder Group, V-Guard Industries Ltd., Haier Electronics Group Co., Ltd., A.O. Smith, Mitsubishi Electric Corporation, Seimens AG, Rheen Manufacturing Company, Danfoss, and Glen Dimplex.
Segmentation of Smart Electric Heater Market Research
-
By Product Type :
- Convection Heaters
- Radiant Heaters
- Infrared Panel Heaters
- Fan Heaters
-
By End Use :
- Residential
- Commercial
- Industrial
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 2.3. Inclusions/Exclusions 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Type modifications /Innovation 4. Key Success Factors 4.1. Strategic Developments 4.2. Key regulations 4.3. Product Type USPs /Technology 4.4. List of Manufacturers and Providers 5. Market Background 5.1. Macro-Economic Factors 5.1.1. Global GDP outlook 5.1.2. Increasing R&D Expenditure 5.2. Forecast Factors - Relevance & Impact 5.2.1. New Product Type launches 5.2.2. Cost of Product Types 5.3. Market Dynamics 5.3.1. Drivers 5.3.2. Restraints 5.3.3. Opportunity Analysis 6. COVID19 Crisis Analysis 6.1. Current COVID19 Statistics and Probable Future Impact 6.2. Current GDP Projection and Probable Impact 6.3. Current Economic Projection as Compared to 2008 Economic analysis 6.4. COVID19 and Impact Analysis 6.4.1. Revenue By Product Type 6.4.2. Revenue By End Use 6.4.3. Revenue By Country 6.5. 2023 Market Scenario 6.6. Quarter by Quarter Forecast 6.7. Projected Recovery Quarter 7. Global Market Volume (Units) Analysis 2018 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Volume (Units) Analysis, 2018 to 2023 7.2. Current and Future Market Volume (Units) Projections, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 8. Global Market - Pricing Analysis 8.1. Regional Pricing Analysis By Product Type 8.2. Pricing Break-up 8.2.1. Manufacturer Level Pricing 8.2.2. Distributor Level Pricing 8.3. Global Average Pricing Analysis Benchmark 9. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034 9.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2023 9.2. Current and Future Market Value (US$ Mn) Projections, 2024 to 2034 9.2.1. Y-o-Y Growth Trend Analysis 9.2.2. Absolute $ Opportunity Analysis 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Product Type 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2018 to 2023 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2024 to 2034 10.3.1. Convection Heaters 10.3.2. Radiant Heaters 10.3.3. Infrared Panel Heaters 10.3.4. Fan Heaters 10.4. Market Attractiveness Analysis By Product Type 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by End Use 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By End Use, 2018 to 2023 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End Use, 2024 to 2034 11.3.1. Residential 11.3.2. Commercial 11.3.3. Industrial 11.4. Market Attractiveness Analysis By End Use 12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2018 to 2023 12.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2024 to 2034 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. U.S. 13.3.1.2. Canada 13.3.2. By Product Type 13.3.3. By End Use 13.4. Market Attractiveness Analysis 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Argentina 14.3.1.4. Rest of Latin America 14.3.2. By Product Type 14.3.3. By End Use 14.4. Market Attractiveness Analysis 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. U.K. 15.3.1.5. Spain 15.3.1.6. Russia 15.3.1.7. Rest of Europe 15.3.2. By Product Type 15.3.3. By End Use 15.4. Market Attractiveness Analysis 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Indonesia 16.3.1.4. Malaysia 16.3.1.5. Rest of South Asia 16.3.2. By Product Type 16.3.3. By End Use 16.4. Market Attractiveness Analysis 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. China 17.3.1.2. Japan 17.3.1.3. South Korea 17.3.1.4. Rest of East Asia 17.3.2. By Product Type 17.3.3. By End Use 17.4. Market Attractiveness Analysis 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 18.3.1. By Country 18.3.1.1. Australia 18.3.1.2. New Zealand 18.3.2. By Product Type 18.3.3. By End Use 18.4. Market Attractiveness Analysis 18.5. Key Market Participants - Intensity Mapping 18.6. Drivers and Restraints - Impact Analysis 19. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034 19.1. Introduction 19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2023 19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024 to 2034 19.3.1. By Country 19.3.1.1. GCC Countries 19.3.1.2. South Africa 19.3.1.3. Rest of Middle East and Africa 19.3.2. By Product Type 19.3.3. By End Use 19.4. Market Attractiveness Analysis 19.5. Drivers and Restraints - Impact Analysis 20. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034 20.1. Introduction 20.1.1. Market Value Proportion Analysis, By Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. U.S. Market Analysis 20.2.1. By Product Type 20.2.2. By End Use 20.3. Canada Market Analysis 20.3.1. By Product Type 20.3.2. By End Use 20.4. Mexico Market Analysis 20.4.1. By Product Type 20.4.2. By End Use 20.5. Brazil Market Analysis 20.5.1. By Product Type 20.5.2. By End Use 20.6. U.K. Market Analysis 20.6.1. By Product Type 20.6.2. By End Use 20.7. Germany Market Analysis 20.7.1. By Product Type 20.7.2. By End Use 20.8. France Market Analysis 20.8.1. By Product Type 20.8.2. By End Use 20.9. Italy Market Analysis 20.9.1. By Product Type 20.9.2. By End Use 20.10. Spain Market Analysis 20.10.1. By Product Type 20.10.2. By End Use 20.11. BENELUX Market Analysis 20.11.1. By Product Type 20.11.2. By End Use 20.12. Russia Market Analysis 20.12.1. By Product Type 20.12.2. By End Use 20.13. China Market Analysis 20.13.1. By Product Type 20.13.2. By End Use 20.14. Japan Market Analysis 20.14.1. By Product Type 20.14.2. By End Use 20.15. South Korea Market Analysis 20.15.1. By Product Type 20.15.2. By End Use 20.16. India Market Analysis 20.16.1. By Product Type 20.16.2. By End Use 20.17. ASEAN Market Analysis 20.17.1. By Product Type 20.17.2. By End Use 20.18. Australia Market Analysis 20.18.1. By Product Type 20.18.2. By End Use 20.19. New Zealand Market Analysis 20.19.1. By Product Type 20.19.2. By End Use 20.20. GCC Countries Market Analysis 20.20.1. By Product Type 20.20.2. By End Use 20.21. Turkey Market Analysis 20.21.1. By Product Type 20.21.2. By End Use 20.22. South Africa Market Analysis 20.22.1. By Product Type 20.22.2. By End Use 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Concentration 21.3. Market Share Analysis of Top Players 21.4. Market Presence Analysis 21.4.1. By Regional footprint of Players 21.4.2. Product Type foot print by Players 21.4.3. Channel Foot Print by Players 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep dive 22.3.1. Honeywell International Inc. 22.3.1.1. Overview 22.3.1.2. Product Type Portfolio 22.3.1.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.2. Zehnder Group 22.3.2.1. Overview 22.3.2.2. Product Type Portfolio 22.3.2.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.2.4. Sales Footprint 22.3.2.5. Strategy Overview 22.3.3. V-Guard Industries Ltd. 22.3.3.1. Overview 22.3.3.2. Product Type Portfolio 22.3.3.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.3.4. Sales Footprint 22.3.3.5. Strategy Overview 22.3.4. Haier Electronics Group Co., Ltd. 22.3.4.1. Overview 22.3.4.2. Product Type Portfolio 22.3.4.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.4.4. Sales Footprint 22.3.4.5. Strategy Overview 22.3.5. A.O. Smith 22.3.5.1. Overview 22.3.5.2. Product Type Portfolio 22.3.5.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.5.4. Sales Footprint 22.3.5.5. Strategy Overview 22.3.6. Mitsubishi Electric Corporation 22.3.6.1. Overview 22.3.6.2. Product Type Portfolio 22.3.6.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.6.4. Sales Footprint 22.3.6.5. Strategy Overview 22.3.7. Siemens AG 22.3.7.1. Overview 22.3.7.2. Product Type Portfolio 22.3.7.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.7.4. Sales Footprint 22.3.7.5. Strategy Overview 22.3.8. Rheen Manufacturing Company 22.3.8.1. Overview 22.3.8.2. Product Type Portfolio 22.3.8.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.8.4. Sales Footprint 22.3.8.5. Strategy Overview 22.3.9. Danfoss 22.3.9.1. Overview 22.3.9.2. Product Type Portfolio 22.3.9.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.9.4. Sales Footprint 22.3.9.5. Strategy Overview 22.3.10. Glen Dimplex 22.3.10.1. Overview 22.3.10.2. Product Type Portfolio 22.3.10.3. Profitability by Market Segments (Product Type/Channel/Region) 22.3.10.4. Sales Footprint 22.3.10.5. Strategy Overview 23. Assumptions and Acronyms Used 24. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By End Use
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Product Type, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By End Use, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Product Type, 2024 (E)
Figure 18: North America Market Value Share, By End Use, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Product Type, 2024 (E)
Figure 26: Latin America Market Value Share, By End Use, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Product Type, 2024 (E)
Figure 34: Europe Market Value Share, By End Use, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Product Type, 2024 (E)
Figure 42: South Asia Market Value Share, By End Use, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Product Type, 2024 (E)
Figure 50: East Asia Market Value Share, By End Use, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Product Type, 2024 (E)
Figure 58: Oceania Market Value Share, By End Use, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: UNITED STATES Market Value Share, By Product Type, 2024 (E)
Figure 75: UNITED STATES Market Value Share, By End Use, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Product Type, 2024 (E)
Figure 78: Canada Market Value Share, By End Use, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Product Type, 2024 (E)
Figure 81: Mexico Market Value Share, By End Use, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Product Type, 2024 (E)
Figure 84: Brazil Market Value Share, By End Use, 2024 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: UNITED KINGDOM Market Value Share, By Product Type, 2024 (E)
Figure 87: UNITED KINGDOM Market Value Share, By End Use, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Product Type, 2024 (E)
Figure 90: Germany Market Value Share, By End Use, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Product Type, 2024 (E)
Figure 93: France Market Value Share, By End Use, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Product Type, 2024 (E)
Figure 96: Italy Market Value Share, By End Use, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Product Type, 2024 (E)
Figure 99: Spain Market Value Share, By End Use, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Product Type, 2024 (E)
Figure 102: Russia Market Value Share, By End Use, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Product Type, 2024 (E)
Figure 105: China Market Value Share, By End Use, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Product Type, 2024 (E)
Figure 108: Japan Market Value Share, By End Use, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Product Type, 2024 (E)
Figure 111: South Korea Market Value Share, By End Use, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Product Type, 2024 (E)
Figure 114: India Market Value Share, By End Use, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Product Type, 2024 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Product Type, 2024 (E)
Figure 120: Australia Market Value Share, By End Use, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Product Type, 2024 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Product Type, 2024 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Product Type, 2024 (E)
Figure 129: Turkey Market Value Share, By End Use, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Product Type, 2024 (E)
Figure 132: South Africa Market Value Share, By End Use, 2024 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the size of the smart electric heater market in 2024?
The global smart electric heater market is pegged at US$ 1.86 billion for 2024.
What is the sales value of smart electric heaters in Canada?
Sales of smart electric heaters in Canada are calculated at US$ 127 million for 2024.
What portion of the global market does North America account for?
North America is estimated to account for 37.3% share of the global market in 2024.
What is the contribution of convection heaters to global market revenue?
Convection heaters are predicted to hold 41.8% share of global market revenue in 2024.
At what rate is the demand for smart electric heaters projected to accelerate?
Worldwide demand for smart electric heaters is projected to increase at a prolific CAGR of 13.8% from 2024 to 2034.
What is the sales growth projection for smart electric heaters in Japan?
Sales of smart electric heaters in Japan are predicted to rise at a 14.5% CAGR from 2024 to 2034.
What is the predicted valuation of the global market for 2034?
The global market for smart electric heaters is forecasted to reach US$ 6.77 billion by the end of 2034.
Smart Electric Heater Market