Electric Panel Heater Market To Reach $4,670.5 Million By 2033

Electric Panel Heater Market Growth & Trends

The global electric panel heater market size is anticipated to reach USD 4,670.5 million by 2033 and is expected to expand at a CAGR of 5.9% during the forecast period, according to a new report by Grand View Research, Inc. The electric panel heater market is growing as more people prioritize energy-efficient and environmentally friendly heating options. With increasing focus on reducing emissions, electric heaters that use clean energy are becoming the preferred alternative to traditional fuel-based systems.

Advances in technology, including smart controls and connectivity features such as Wi-Fi and timers, are boosting demand. These smart capabilities allow users to manage heating conveniently and optimize energy use, appealing to consumers looking for both comfort and efficiency. The integration of Internet of Things (IoT) technology is further accelerating this trend. These advancements not only improve convenience but also contribute to significant cost savings, making electric panel heaters increasingly attractive to tech-savvy consumers.

Urbanization and growing disposable incomes in developing countries are also key contributors to market growth. Rapid urban development has led to increased demand for compact, space-saving heating solutions that are easy to install in apartments, offices, and commercial establishments. Electric panel heaters, with their slim profiles and wall-mounted options, cater perfectly to this trend. In addition, increased construction and renovation activities worldwide create new opportunities for the deployment of energy-efficient heating appliances.

Safety and versatility are important factors driving consumer preference for electric panel heaters. These devices often include built-in safety mechanisms such as overheat protection, tip-over switches, and child lock features, which enhance user confidence. Moreover, electric panel heaters allow for zoned heating, meaning rooms can be heated individually without the need to warm an entire building, resulting in greater energy savings. Their low maintenance requirements and ease of installation make them suitable for diverse climates and applications, including homes in regions with variable temperatures.

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Electric Panel Heater Market Report Highlights

• Based on product type, the wall-mounted segment led the market in 2024 due to its space-saving design and ease of installation. Consumers prefer these heaters for their sleek appearance and efficient heating in residential and commercial spaces. In addition, growing demand for modern, unobtrusive heating solutions is driving this segment’s growth.

• The digital control segment led the market in 2024, holding a 54.7% share, driven by the increasing demand for precise temperature regulation and user-friendly interfaces. Advanced features such as programmable timers and remote control enhance convenience and energy efficiency. This has made digital controls the preferred choice for modern electric panel heaters.

• Based on application, the residential segment led the market in 2024 due to rising demand for efficient and compact heating solutions in homes. Increasing urbanization and growing awareness of energy-saving technologies are driving adoption. Consumers prefer electric panel heaters for their safety, convenience, and ease of installation in living spaces. 

• In January 2025, The Almeria ECO Wi-Fi Electric Panel Heater offers smart, app-based control with customizable temperature settings for comfort and efficiency. It features a clear LCD display, programmable modes, and open-window detection to prevent energy loss. Designed for style and performance, it fits well in homes, offices, and hospitality spaces. Its sleek build and eco-friendly operation make it ideal for modern heating needs.

Electric Panel Heater Market Segmentation

Grand View Research, Inc. has segmented the global electric panel heater market on the basis of product type, control mechanism, application, and region.

Electric Panel Heater Product Type Outlook (Revenue, USD Million, 2021 - 2033)

• Wall-mounted

• Portable

• Infrared

Electric Panel Heater Control Mechanism Outlook (Revenue, USD Million, 2021 - 2033)

• Manual Control

• Digital Control

• Smart Panel Heaters

Electric Panel Heater Application Outlook (Revenue, USD Million, 2021 - 2033)

• Commercial

• Residential

• Industrial

Electric Panel Heater Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • UAE

  • South Africa 

List of Key Players in the Global Electric Panel Heater Market

• Adax AS

• Glen Dimplex Group

• De’Longhi Group

• Solar Products, Inc.

• Cozy Products

• Amaze Heaters

• CERAMICX Ltd.

• Frico AB

• Shinohara Electric Co., Ltd.

• EconoHome

• eheat, Inc.

• Wexstar Spacio Innovations Inc.

• Watlow Electric Manufacturing Co.

• Bosch Thermotechnik GmbH

• Ariston Thermo Group