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What is happening With Smart electric heaters Market? With Honeywell International Inc., Zehnder Group, V-Guard Industries Ltd., Haier Electronics Group Co., Ltd., Mitsubishi Electric Corporation, A.O. Smith, Seimens AG

05-24-2019 10:29 AM CET | Energy & Environment

Press release from: persistencemarketresearch.com

What is happening With Smart electric heaters Market? With

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. 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.

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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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.

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.

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.

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.

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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.

Table of Contents

Executive Summary

1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy
2.2. Market Definition

3. Market Background

3.1. Macro-Economic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Value Chain
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunity Analysis

4. Market Forecast

4.1. Market Size Projections
4.1.1. Y-o-Y Projections
4.1.2. Absolute $ Opportunity Analysis

5. Global Smart Electric Heater Market Analysis By Function

5.1. Introduction
5.1.1. Market Value Share Analysis By Function
5.1.2. Y-o-Y Growth Analysis By Function
5.2. Historical Market Size Analysis By Function 2013–2017
5.3. Market Size Forecast By Function 2018–2026
5.3.1. Smart Climate Control
5.3.2. Smart Water Heaters
5.4. Market Attractiveness Analysis by Function

6. Global Boundary Scan Hardware Market Analysis by Use

6.1. Introduction
6.1.1. Market Value Share Analysis by End User
6.1.2. Y-o-Y Growth Analysis by End User
6.2. Historical Market Size Analysis by End User, 2013-2017
6.3. Market Size Forecast by End User, 2018-2026
6.3.1. Residential
6.3.2. Commercial
6.4. Market Attractiveness Analysis by End User

7. Global Boundary Scan Hardware Market Analysis by Component

7.1. Introduction
7.1.1. Market Value Share Analysis by Component
7.1.2. Y-o-Y Growth Analysis by Component
7.2. Historical Market Size Analysis by Component, 2013-2017
7.3. Market Size Forecast by Component, 2018-2026
7.3.1. Solutions
7.3.2. Services
7.4. Market Attractiveness Analysis by Component

8. Global Boundary Scan Hardware Market Analysis by Region

8.1. Introduction
8.1.1. Market Value Share Analysis by Region
8.1.2. Y-o-Y Growth Analysis by Region
8.2. Historical Market Size Analysis by Region, 2013-2017
8.3. Market Size Forecast by Region, 2018-2026
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. China
8.3.5. Japan
8.3.6. SEA and Other APAC
8.3.7. MEA
8.4. Market Attractiveness Analysis by Region

9. North America Boundary Scan Hardware Market Analysis

9.1. Introduction
9.2. Historical Market Size Analysis by Market Segment, 2013-2017
9.3. Market Size Forecast by Market Segment, 2018-2026
9.3.1. By Country
9.3.1.1. U.S.
9.3.1.2. Canada
9.3.2. By Function
9.3.3. By End User
9.3.4. By Component
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Function
9.4.3. By End User
9.4.4. By Component
9.5. Market Trends
9.6. Key Market Participants – Intensity Mapping
9.7. Drivers and Restraints – Impact Analysis

10. Latin America Boundary Scan Hardware Market Analysis

10.1. Introduction
10.2. Historical Market Size Analysis by Market Segment, 2013-2017
10.3. Market Size Forecast by Market Segment, 2018-2026
10.3.1. By Country
10.3.1.1. Brazil
10.3.1.2. Mexico
10.3.1.3. Rest of Latin America
10.3.2. By Function
10.3.3. By End User
10.3.4. By Component
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Function
10.4.3. By End User
10.4.4. By Component
10.5. Market Trends
10.6. Key Market Participants – Intensity Mapping
10.7. Drivers and Restraints – Impact Analysis

11. Europe Boundary Scan Hardware Market Analysis

11.1. Introduction
11.2. Historical Market Size Analysis by Market Segment, 2013-2017
11.3. Market Size Forecast by Market Segment, 2018-2026
11.3.1. By Country
11.3.1.1. Germany
11.3.1.2. Italy
11.3.1.3. France
11.3.1.4. U.K.
11.3.1.5. Spain
11.3.1.6. Russia
11.3.1.7. Rest of Europe
11.3.2. By Function
11.3.3. By End User
11.3.4. By Component
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Function
11.4.3. By End User
11.4.4. By Component
11.5. Market Trends
11.6. Key Market Participants – Intensity Mapping
11.7. Drivers and Restraints – Impact Analysis

12. China Boundary Scan Hardware Market Analysis

12.1. Introduction
12.2. Historical Market Size Analysis by Market Segment, 2013-2017
12.3. Market Size Forecast by Market Segment, 2018-2026
12.3.1. By Function
12.3.2. By End User
12.3.3. By Component
12.4. Market Attractiveness Analysis
12.4.1. By Function
12.4.2. By End User
12.4.3. By Component
12.5. Market Trends
12.6. Key Market Participants – Intensity Mapping
12.7. Drivers and Restraints – Impact Analysis

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ABOUT US:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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