iHelios partners with Phoenix International to expand market presence into the Middle East
17 May 2024
iHeliosLiving Reinvented enters the Middle Eastern heating market valued at more than18.8 billion by signing its first international distribution agreement withPhoenix International Ltd. for its Far-Infrared Heating and Smart Home technologies.
iHelios has entered into a definitive distributor agreement with Phoenix International Ltd.to expand its brand presence into the Middle East.
Phoenix is committed to crafting a future where living becomes easier and more harmonious with the environment. It seeks to work with suppliers like iHelios that share its philosophy. The products that iHelios provides are cost-effective replacements for traditional heating and smart home technology allowing it to take marketshare from traditional industries.
According to a recent report by Markets andMarkets, [1]the HVAC market in the Middle East will reach $18.8 billion by 2027, at a compound annual growth rate (CAGR) of 6.8% from 2020 to 2027.Grandview research states “The global heat pump market size was estimated at USD 88.7 billion in 2023and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from2024 to 2030.”
The smart home market in the Middle East is driven by a combination of technological advancements, increasing consumer demand, and favourable government initiatives, making it a significant and a rapidly growing industry in the region. The market size in the Middle East and Africa is projected to reach USD 31.6 billion by 2029, registering a CAGR of 16.80% during the forecast period ending 2029.
Peter Gedeon stated “after thoroughly researching FAR Infrared and Smart homeTechnology provided by iHelios, we did not hesitate to enter into a commercial relationship to extend the brand presence throughout our home region. We are committed to redefining the conventions of heating by introducing products such as iHelios that are not only effective but also cost-efficient and friendly to our environment.”
Whether its introducing cutting-edge, eco-friendly heating systems that redefine energy efficiency, revolutionizing traditional homes into state-of-the-art smart residences, or erecting brand-new architectural marvels, Phoenix International stands unwavering in its pledge to reimagine the very fabric of our communities.
Sylwester Raczynski, Founder of iHelios stated “I am thrilled to welcome Phoenix International to the iHelios Family as a regional distributor.I am confident that Phoenix is the right partner to expand our brand presence inMiddle East and beyond. This collaboration marks a significant milestone as we work together to reimagine the future of living.”