PUBLISHER: Grand View Research | PRODUCT CODE: 1888821
PUBLISHER: Grand View Research | PRODUCT CODE: 1888821
The global electric panel heater market size was estimated at USD 2,851.5 million in 2024 and is projected to reach USD 4,670.5 million by 2033, growing at a CAGR of 5.9% from 2025 to 2033. The global electric panel heater market is primarily driven by the rising demand for energy-efficient and space-saving heating solutions across residential and commercial sectors.
Increasing urbanization and the growing adoption of smart home technologies have boosted the preference for sleek, programmable panel heaters that offer both comfort and reduced energy consumption. Another key factor driving market growth is the expansion of cold-climate regions' construction activities and retrofitting projects aimed at improving indoor heating systems. The integration of advanced features such as Wi-Fi connectivity, thermostatic controls, and digital displays enhances consumer convenience, further propelling demand. Moreover, supportive government initiatives promoting sustainable heating technologies and the growing shift from conventional gas-based systems to electric alternatives are creating strong market opportunities worldwide.
Global Electric Panel Heater Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global electric panel heater market report based on product type,control mechanism, application and region.