Smart connected residential water heaters are used to increase the temperature of water for household usage and can be operated from smartphones and other Internet-enabled devices through the Internet. Users can control and monitor these through specific mobile applications by using wireless connections such as Wi-Fi, NFC, and Bluetooth technologies.
The Wi-Fi segment accounted for the major shares of the smart connected residential water heater market. Factors such as the increasing adoption of Wi-Fi enabled smart water heaters in developed countries and the rise in usage of smartphones, will contribute to the growth of this industry segment in the coming years.
The offline segment will hold the maximum shares of the smart connected residential water heater market until 2023. The high preference of customers for physical stores in emerging economies such as India and China owing to the provision to view and feel the products, will drive the growth of the market in this segment.
The Smart Connected Residential Water Heater market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Smart Connected Residential Water Heater.
This report presents the worldwide Smart Connected Residential Water Heater market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Smart Connected Residential Water Heater Breakdown Data by Type
Smart Connected Residential Water Heater Breakdown Data by Application
Smart Connected Residential Water Heater Production by Region
Smart Connected Residential Water Heater Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Smart Connected Residential Water Heater status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Smart Connected Residential Water Heater manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Smart Connected Residential Water Heater :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Connected Residential Water Heater market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.