Infrared Heating Panel Market by Type, by End-User, by Applications, by Deployment & by Technology 2032
Global Infrared Heating Panel Market was valued at USD 400 Million in 2022 and is projected to reach USD 700 Million by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The infrared heating panel market is experiencing a surge in popularity, driven by growing demand for energy-efficient and environmentally friendly heating solutions. These panels, which emit infrared radiation to directly heat objects and people in their path, are becoming a preferred alternative to traditional heating methods such as convection heaters and central heating systems. The advantages of infrared heating panels include their ability to provide instant warmth, lower energy consumption, and reduce carbon footprints. These systems are also known for being space-saving, quiet, and requiring minimal maintenance, making them ideal for both residential and commercial applications.
The global infrared heating panel market is projected to grow at a significant rate due to advancements in technology and increased awareness about sustainable living. The increasing adoption of smart home technologies and energy-efficient appliances is also contributing to the expansion of this market. Consumers are increasingly looking for ways to lower their heating bills and reduce their environmental impact, which has led to a shift towards infrared heating panels, especially in colder regions. Furthermore, these panels are versatile, offering installation options on walls, ceilings, and even floors, providing both aesthetic appeal and functionality.
One key factor driving the growth of the infrared heating panel market is the rising demand for low-energy heating systems. According to industry reports, infrared heating panels consume up to 40% less energy compared to traditional heating systems, making them an attractive option for homeowners looking to cut down on energy costs. Moreover, the panels’ ability to deliver focused heat, rather than heating entire rooms, further enhances their efficiency. As technology continues to evolve, new developments in infrared heating panels are likely to improve their performance and affordability.
Infrared heating panels are not only cost-effective but also offer health benefits, as they do not circulate dust or allergens, making them an excellent choice for individuals with respiratory conditions or allergies. These panels provide consistent warmth that helps reduce moisture levels, preventing the growth of mold and bacteria. With increasing interest in wellness-oriented living spaces, infrared heating panels are becoming a popular choice for modern homes and wellness centers alike.
As the market continues to grow, manufacturers are introducing a variety of infrared heating panel models, each catering to specific needs and preferences. From compact units designed for small apartments to large, industrial-grade panels for commercial spaces, the options are vast. These panels are also available in different styles and finishes, making it easier for consumers to integrate them into their existing décor.
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Who are the largest Global manufacturers in the Infrared Heating Panel industry?
- Wexstar
- Rinnai Corporation
- Nobo
- Noirot
- De'Longhi
- GlenDimplex
- Dantherm Group
- ETHERMA
- Infrapower Panels
- Mirrorstone
- Ducoterra
- Ecostrad
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Infrared Heating Panel Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Infrared Heating Panel Market
- Residential Use
- Commercial Use
- Others
What are the types of Infrared Heating Panel available in the Market?
Based on Types the Market is categorized into Below types that held the largest Infrared Heating Panel market share In 2023.
- ＜500W
- 500-999W
- 1000-2000W
- ＞2000W
Which regions are leading the Global Infrared Heating Panel Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Infrared Heating Panel Market Research Report, 2024-2032
1. Introduction of the Global Infrared Heating Panel Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Infrared Heating Panel Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Infrared Heating Panel Market, By Type
6. Global Infrared Heating Panel Market, By Application
7. Global Infrared Heating Panel Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Infrared Heating Panel Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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