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The global Infrared Heating Panels market size was valued at USD 69.84 Million in 2022 and will reach USD 78.76 Million in 2028, with a CAGR of 2.02% during 2022-2028.
The infrared heating panel emits heat through infrared rays and provides a direct and mild heating form. Compared with traditional space heaters, they are a safer way to add supplementary heat to the area. Infrared heating panel is divided into high power and low-power, and has residential and commercial uses.
Influence of COVID-19 Outbreak on Infrared Heating Panels Industry Development
Under the influence of the epidemic, governments all over the world have ordered to reduce travel, people spend more time at home, and the demand for heating at home has increased. COVID-19 pneumonia promotes the sales of infrared heating panels, especially domestic infrared heating panels. Because people spend more time at home during the epidemic, the demand for domestic infrared heating panels increases.
The epidemic has changed people's consumption patterns, with major shops and shopping malls closed. People have reduced their travel and can only buy infrared heating panels online. Online purchase is also very convenient and fast, which also increases the demand for infrared heating panels and promotes the development of infrared heating panel industry.
The uncertainty of epidemic situation urges enterprises and consumers to shelve large-scale projects. Most raw material suppliers stop supplying raw materials. The demand of downstream industries increases, the supply exceeds demand, and the prices of raw materials such as stainless steel and glass fiber rise. With the rising price of raw materials, the production cost of enterprises increases, which has a certain impact on the infrared heating panel industry.
Drivers
The main advantage of the infrared heating panel is that, unlike the conventional heater which only heats air, the infrared heating panel heats the wall, which will keep it completely dry. Then, it accumulates heat in walls and floors, thus keeping warm and keeping dry by reducing condensation. Therefore, infrared heating helps to prevent mold from spreading. In addition, the traditional heater keeps circulating dust particles in the room by convection current, thus warming the room, but infrared heating does not produce these convection currents, so it is also suitable for people with asthma. Compared with traditional heaters, infrared heating panels have better characteristics, thus promoting the development of the industry.
The United States has developed a modern economy, and its economic activities are extremely diversified. The United States has always pursued a policy of encouraging consumption, and private consumption occupies the most important position in GDP. The growth of consumer goods demand and GDP promotes the development of infrared heating panel industry. With the increase of disposable income, consumers demand higher and higher living standards, so enterprises need to create better infrared heating panel products. As the main market of infrared heating panel industry, America has been developing well. According to the research data, the value market share in the United States in 2019 was the first in Europe and the United States, and the United States is a growing market of the infrared heating panel industry. The growing demand for infrared heating panels in American market will promote the development of the industry.
Region Overview:
USA had the highest growth rate of all regions.
Company Overview:
Yandiya is one of the major players operating in the Infrared Heating Panels market, holding a share of 10.96% in 2020.
Yandiya is committed to the design development, manufacture and worldwide distribution of next generation heating solutions. Yandiya's infrared heating products adopt far infrared technology, which can provide energy-saving heating mode.
Sundirect Technology Ltd. is one of the leading manufacturers in the section of far infrared heating systems. The company was founded in 2011 with currently more than 50 employees. Sundirect produces different types of the infrared heaters including the panel heater, glass heater, mirror heater as well as all necessary accessories.
Segmentation Overview:
Among different product types, High Power segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.
The Infrared Heating Panels market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Infrared Heating Panels market covered in Chapter 4:
Yandiya
IHP
WarmlyYours
Sundirect
sro FIRST
ETHERMA
Ducoterra
Herschel
Eco2heat
Redwell Heating
In Chapter 12 and Chapter 14.1, on the basis of types, the Infrared Heating Panels market from 2018 to 2028 is primarily split into:
High Power
Low Power
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Infrared Heating Panels market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Infrared Heating Panels market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Infrared Heating Panels market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Infrared Heating Panels industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Infrared Heating Panels industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Infrared Heating Panels market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Infrared Heating Panels market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Infrared Heating Panels market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Infrared Heating Panels market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
The infrared heating panel emits heat through infrared rays and provides a direct and mild heating form. Compared with traditional space heaters, they are a safer way to add supplementary heat to the area. Infrared heating panel is divided into high power and low-power, and has residential and commercial uses.
Influence of COVID-19 Outbreak on Infrared Heating Panels Industry Development
Under the influence of the epidemic, governments all over the world have ordered to reduce travel, people spend more time at home, and the demand for heating at home has increased. COVID-19 pneumonia promotes the sales of infrared heating panels, especially domestic infrared heating panels. Because people spend more time at home during the epidemic, the demand for domestic infrared heating panels increases.
The epidemic has changed people's consumption patterns, with major shops and shopping malls closed. People have reduced their travel and can only buy infrared heating panels online. Online purchase is also very convenient and fast, which also increases the demand for infrared heating panels and promotes the development of infrared heating panel industry.
The uncertainty of epidemic situation urges enterprises and consumers to shelve large-scale projects. Most raw material suppliers stop supplying raw materials. The demand of downstream industries increases, the supply exceeds demand, and the prices of raw materials such as stainless steel and glass fiber rise. With the rising price of raw materials, the production cost of enterprises increases, which has a certain impact on the infrared heating panel industry.
Drivers
The main advantage of the infrared heating panel is that, unlike the conventional heater which only heats air, the infrared heating panel heats the wall, which will keep it completely dry. Then, it accumulates heat in walls and floors, thus keeping warm and keeping dry by reducing condensation. Therefore, infrared heating helps to prevent mold from spreading. In addition, the traditional heater keeps circulating dust particles in the room by convection current, thus warming the room, but infrared heating does not produce these convection currents, so it is also suitable for people with asthma. Compared with traditional heaters, infrared heating panels have better characteristics, thus promoting the development of the industry.
The United States has developed a modern economy, and its economic activities are extremely diversified. The United States has always pursued a policy of encouraging consumption, and private consumption occupies the most important position in GDP. The growth of consumer goods demand and GDP promotes the development of infrared heating panel industry. With the increase of disposable income, consumers demand higher and higher living standards, so enterprises need to create better infrared heating panel products. As the main market of infrared heating panel industry, America has been developing well. According to the research data, the value market share in the United States in 2019 was the first in Europe and the United States, and the United States is a growing market of the infrared heating panel industry. The growing demand for infrared heating panels in American market will promote the development of the industry.
Region Overview:
USA had the highest growth rate of all regions.
Company Overview:
Yandiya is one of the major players operating in the Infrared Heating Panels market, holding a share of 10.96% in 2020.
Yandiya is committed to the design development, manufacture and worldwide distribution of next generation heating solutions. Yandiya's infrared heating products adopt far infrared technology, which can provide energy-saving heating mode.
Sundirect Technology Ltd. is one of the leading manufacturers in the section of far infrared heating systems. The company was founded in 2011 with currently more than 50 employees. Sundirect produces different types of the infrared heaters including the panel heater, glass heater, mirror heater as well as all necessary accessories.
Segmentation Overview:
Among different product types, High Power segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.
The Infrared Heating Panels market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Infrared Heating Panels market covered in Chapter 4:
Yandiya
IHP
WarmlyYours
Sundirect
sro FIRST
ETHERMA
Ducoterra
Herschel
Eco2heat
Redwell Heating
In Chapter 12 and Chapter 14.1, on the basis of types, the Infrared Heating Panels market from 2018 to 2028 is primarily split into:
High Power
Low Power
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Infrared Heating Panels market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Infrared Heating Panels market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Infrared Heating Panels market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Infrared Heating Panels industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Infrared Heating Panels industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Infrared Heating Panels market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Infrared Heating Panels market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Infrared Heating Panels market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Infrared Heating Panels market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
