Blog

22

2025

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01

Development trend of heating industry


According to Technavio's latest report, from 2020 to 2024, the global smart room heating market is expected to grow by US$784.7 million, with a compound annual growth rate of 17%. During the expected period, 35% of the market growth will come from Europe, with Germany and the UK as the main markets. In comparison, the market growth rate in Europe will be faster than that in North and South America

According to Technavio's latest report, from 2020 to 2024, the global smart room heating market is expected to grow by US$784.7 million, with a compound annual growth rate of 17%.

During the expected period, 35% of the market growth will come from Europe, with Germany and the UK as the main markets. In comparison, the market growth rate in Europe will be faster than that in North and South America