Global Smart Room Heater Market 2024-2028

The smart room heater market is forecasted to grow by USD 699.4 mn during 2023-2028, accelerating at a CAGR of 10.95% during the forecast period. The report on the smart room heater market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by innovation in features and user interfaces, growing smart home and smart appliance adoption, and convenience to the customers for ease of use.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	9.91%
CAGR	10.95%
Incremental Value	$699.4mn

Technavio's smart room heater market is segmented as below:

By Type

Without connectivity
With connectivity

By Distribution Channel

Offline
Online

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the increasing number of strategic partnerships as one of the prime reasons driving the smart room heater market growth during the next few years. Also, rise of multifunctional compact products and compatibility with different mobile operating systems will lead to sizable demand in the market.

The report on the smart room heater market covers the following areas:

Smart room heater market sizing
Smart room heater market forecast
Smart room heater market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart room heater market vendors that include 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.. Also, the smart room heater market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44825

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 Geographical Landscape
Exhibit 05: Executive Summary €" Chart on Market Segmentation by Type
Exhibit 06: Executive Summary €" Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary €" Chart on Incremental Growth
Exhibit 08: Executive Summary €" Data Table on Incremental Growth
Exhibit 09: Executive Summary €" Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global smart room heater market 2018 - 2022
Exhibit 18: Historic Market Size €" Data Table on global smart room heater market 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size €" Type Segment 2018 - 2022 ($ million)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size €" Distribution Channel Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size €" Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size €" Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers €" Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers €" Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants €" Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes €" Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry €" Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Without connectivity - Market size and forecast 2023-2028
Exhibit 34: Chart on Without connectivity - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Without connectivity - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Without connectivity - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Without connectivity - Year-over-year growth 2023-2028 (%)
6.4 With connectivity - Market size and forecast 2023-2028
Exhibit 38: Chart on With connectivity - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on With connectivity - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on With connectivity - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on With connectivity - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 44: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 45: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 46: Chart on Comparison by Distribution Channel
Exhibit 47: Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
Exhibit 48: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
Exhibit 52: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 56: Market opportunity by Distribution Channel ($ million)
Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 63: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 87: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 91: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Bromic Group
Exhibit 111: Bromic Group - Overview
Exhibit 112: Bromic Group - Product / Service
Exhibit 113: Bromic Group - Key offerings
12.4 Crane USA
Exhibit 114: Crane USA - Overview
Exhibit 115: Crane USA - Product / Service
Exhibit 116: Crane USA - Key offerings
12.5 De Longhi S.p.A
Exhibit 117: De Longhi S.p.A - Overview
Exhibit 118: De Longhi S.p.A - Business segments
Exhibit 119: De Longhi S.p.A - Key offerings
Exhibit 120: De Longhi S.p.A - Segment focus
12.6 Dr. Infrared Heater
Exhibit 121: Dr. Infrared Heater - Overview
Exhibit 122: Dr. Infrared Heater - Product / Service
Exhibit 123: Dr. Infrared Heater - Key offerings
12.7 Dyson Technology India Pvt. Ltd.
Exhibit 124: Dyson Technology India Pvt. Ltd. - Overview
Exhibit 125: Dyson Technology India Pvt. Ltd. - Product / Service
Exhibit 126: Dyson Technology India Pvt. Ltd. - Key offerings
12.8 Energy Wise Solutions
Exhibit 127: Energy Wise Solutions - Overview
Exhibit 128: Energy Wise Solutions - Product / Service
Exhibit 129: Energy Wise Solutions - Key offerings
12.9 Honeywell International Inc.
Exhibit 130: Honeywell International Inc. - Overview
Exhibit 131: Honeywell International Inc. - Business segments
Exhibit 132: Honeywell International Inc. - Key news
Exhibit 133: Honeywell International Inc. - Key offerings
Exhibit 134: Honeywell International Inc. - Segment focus
12.10 King Electric
Exhibit 135: King Electric - Overview
Exhibit 136: King Electric - Product / Service
Exhibit 137: King Electric - Key offerings
12.11 Lasko Products LLC
Exhibit 138: Lasko Products LLC - Overview
Exhibit 139: Lasko Products LLC - Product / Service
Exhibit 140: Lasko Products LLC - Key offerings
12.12 Orient Electric Ltd
Exhibit 141: Orient Electric Ltd - Overview
Exhibit 142: Orient Electric Ltd - Business segments
Exhibit 143: Orient Electric Ltd - Key news
Exhibit 144: Orient Electric Ltd - Key offerings
Exhibit 145: Orient Electric Ltd - Segment focus
12.13 SUNHEAT International
Exhibit 146: SUNHEAT International - Overview
Exhibit 147: SUNHEAT International - Product / Service
Exhibit 148: SUNHEAT International - Key offerings
12.14 The Home Depot Inc.
Exhibit 149: The Home Depot Inc. - Overview
Exhibit 150: The Home Depot Inc. - Product / Service
Exhibit 151: The Home Depot Inc. - Key offerings
12.15 V Sun Electronics and Appliances
Exhibit 152: V Sun Electronics and Appliances - Overview
Exhibit 153: V Sun Electronics and Appliances - Product / Service
Exhibit 154: V Sun Electronics and Appliances - Key offerings
12.16 Vornado Air LLC
Exhibit 155: Vornado Air LLC - Overview
Exhibit 156: Vornado Air LLC - Product / Service
Exhibit 157: Vornado Air LLC - Key offerings
12.17 WARMEX
Exhibit 158: WARMEX - Overview
Exhibit 159: WARMEX - Product / Service
Exhibit 160: WARMEX - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 163: Currency conversion rates for US$
13.4 Research methodology
Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources
13.5 List of abbreviations
Exhibit 167: List of abbreviations