Radiant Heaters Market Report 2024 (Global Edition)

Global Radiant Heaters Market Report 2024 Market Size Split by Technology (Hydronic, Electric, Air-Based), by Installation Surface (Floor, Wall, Ceiling), by End-User (Commercial (HoReCa, Hospitals, O...

Radiant Heaters Market Report Description

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Competitive Landscape of the Radiant Heaters Market

The competitive landscape of the Radiant Heaters market is characterized by the presence of key players competing for product innovation, technology advancements, pricing strategies, and market presence. Strategic alliances, mergers, and acquisitions are common tactics employed to strengthen their positions and expand their offerings. With a focus on meeting evolving customer demands and staying ahead of industry trends, competition among these players remains fierce in driving market growth and innovation

Top Companies Market Share in Radiant Heaters Industry: (In no particular order of Rank)

• Systemair (Frico)
• Delonghi
• Marley Engineered Products
• LLC
• GHP Group (Dyna-Glo)
• King Electric
• Convectair
• Chromalox
• Rinnai
• Spectris (OMEGA)
• Indeeco
• Schaefer Ventilation
• Kambrook
• Stelpro
• Optimus
• Watlow
• Advanced Radiant Systems
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Radiant Heaters Market

Which Region Dominates the Radiant Heaters Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the Radiant Heaters market, driven by increasing demand for energy-efficient heating solutions. With a focus on sustainability and comfort, consumers are turning to radiant heating systems for residential, commercial, and industrial applications. Advancements in technology, such as improved controls and energy-efficient components, are further fueling market expansion. As awareness of the benefits of radiant heating continues to rise, the North American market is poised for sustained expansion in the coming years.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Radiant Heaters market due to rapid urbanization, infrastructure development, and increasing awareness of energy-efficient heating solutions. With a burgeoning population and rising disposable incomes, demand for comfortable indoor environments is escalating across residential, commercial, and industrial sectors. Government initiatives promoting sustainable building practices and energy efficiency further accelerate market growth. Moreover, technological advancements, coupled with the growing adoption of smart heating systems, are driving market expansion in the region

The current report Scope analyzes Radiant Heaters Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Radiant Heaters

According to Cognitive Market Research, the global Radiant Heaters market size was estimated at USD 2154.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 861.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. In North America, the Radiant Heaters market exhibits a promising landscape characterized by increasing demand for energy-efficient heating solutions, stringent regulations promoting sustainable building practices, rising construction activity, and growing awareness of health benefits associated with radiant heat. Regional analysis reveals that the United States and Canada are the primary contributors to market growth. Segmentation analysis further highlights the popularity of hydronic technologies in the region, catering to the increasing adoption of energy-efficient heating solutions. Hydronic technology is preferred for its consistent and comfortable warmth and rising demand for sustainable building practices. In conclusion, North America presents a lucrative market opportunity for Radiant Heaters manufacturers, driven by rising construction activity and growing awareness of the health benefits associated with radiant heat, offering avenues for market expansion and innovation.

•  According to Cognitive Market Research, the US had a major share in the Radiant Heaters market with a market size of USD 679.87 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the nation's focus on energy efficiency, sustainability, and increasing awareness of the health benefits propelling consistent growth.
• The Canada Radiant Heaters market had a market share of USD 103.40 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's rising demand for energy-efficient heating solutions contributes to increased usage of Radiant Heaters.
• The Mexico Radiant Heaters market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 78.41 million in 2024.

Europe Radiant Heaters

According to Cognitive Market Research, the global Radiant Heaters market size was estimated at USD 2154.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 646.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. In Europe, the Radiant Heaters market presents a dynamic landscape characterized by stringent regulations promoting energy efficiency and increasing adoption of sustainable heating solutions. Regional analysis indicates that countries like Germany, the UK, and France are the key contributors to market growth, driven by factors such as technological innovations and strategic partnerships, which are common strategies employed by companies to gain a competitive edge. Segmentation analysis further highlights the adoption of different installation surfaces in the region, floor heating systems being the dominant category. The popularity of underfloor heating as a primary heating solution in Europe boosts the growth of this segment. In conclusion, Europe represents a lucrative market for Radiant Heaters manufacturers, driven by technological innovation, stringent regulations, and increasing awareness of the health and comfort benefits.

• The United Kingdom Radiant Heaters market had a market share of USD 108.57 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Radiant Heater sales are witnessing an upswing due to the nation's sustainable heating solutions and rising awareness of the benefits.
• The France Radiant Heaters market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 59.46 million in 2024.
• According to Cognitive Market Research, the Germany Radiant Heaters market size was valued at USD 127.96 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Radiant Heaters sales surge due to the nation's technological innovation and increasing focus on energy efficiency.
• The Italy Radiant Heaters market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 55.58 million in 2024.
• The Russia Radiant Heaters market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 100.17 million in 2024.
• The Spain Radiant Heaters market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 52.99 million in 2024.
• The Luxembourg Radiant Heaters market is projected to witness growth at a CAGR of 3.6%% during the forecast period, with a market size of USD 20.03 million in 2024.
• The Portugal Radiant Heaters market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 13.57 million in 2024.
• The Greece Radiant Heaters market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 7.76 million in 2024.
• The rest of Europe's Radiant Heaters market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 100.17 million in 2024. 

Asia Pacific Radiant Heaters

According to Cognitive Market Research, the global Radiant Heaters market size was estimated at USD 2154.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. In the Asia Pacific region, the Radiant Heaters market exhibits robust growth prospects driven by rapid urbanization, infrastructure development, and increasing demand for energy-efficient heating solutions. Regional analysis indicates that countries such as China, Japan, South Korea, and India are key contributors to market expansion, with a significant presence of technology-savvy consumers and government initiatives promoting sustainable building practices and energy efficiency. Electric technology segmentation analysis reveals a diverse range of Radiant Heaters in residential, commercial, and industrial sectors. Government initiatives promoting sustainable development and the adoption of eco-friendly technology are hyping the growth of this segment. In conclusion, the Asia Pacific region presents immense growth opportunities for Radiant Heaters manufacturers, fueled by avenues for innovative and sustainable heating solutions across various sectors.

• According to Cognitive Market Research, the China Radiant Heaters market size was valued at USD 222.96 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Radiant Heaters sales surged in China due to the nation's technological innovation and government initiatives promoting sustainable development.
• The Japan Radiant Heaters market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 68.37 million in 2024.
• The India Radiant Heaters market had a market share of USD 59.46 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by India's growing demand for energy-efficient heating solutions.
• The South Korea Radiant Heaters market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 49.55 million in 2024.
• The Australia Radiant Heaters market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 25.76 million in 2024.
• The South East Asia Radiant Heaters market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 34.19 million in 2024.
• The rest of the Asia Pacific Radiant Heaters market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 35.18 million in 2024. 

South America Radiant Heaters

According to Cognitive Market Research, the global Radiant Heaters market size was estimated at USD 2154.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. In Latin America, the Radiant Heaters market showcases promising growth prospects driven by factors such as urbanization, increasing awareness of energy efficiency, and infrastructure development; regional analysis indicates that countries like Brazil, Mexico, Argentina, and Chile are significant contributors to market growth, supported by government initiatives promoting sustainable building practices and energy efficiency. Commercial segment analysis reveals the growth of this segment for Radiant Heaters in Latin America, catering to innovative radiant heating systems tailored to meet the specific needs of commercial applications. In conclusion, Latin America presents significant growth opportunities for Radiant Heaters manufacturers, driven by urbanization and infrastructure development that are propelling demand for energy-efficient heating solutions.

• According to Cognitive Market Research, the Brazil Radiant Heaters market size was valued at USD 46.10 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Radiant Heaters sales flourish in Brazil due to the nation's government initiatives promoting sustainable development.
• The Argentina Radiant Heaters market had a market share of USD 18.10 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by Argentina's increasing urbanization and growing demand for energy-efficient heating solutions.
• The Colombia Radiant Heaters market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 9.59 million in 2024.
• The Peru Radiant Heaters market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 8.83 million in 2024.
• The Chile Radiant Heaters market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 7.76 million in 2024.
• The Rest of the Latin America Radiant Heaters market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 17.34 million in 2024. 

Middle East and Africa Radiant Heaters

According to Cognitive Market Research, the global Radiant Heaters market size was estimated at USD 2154.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. MEA, the Radiant Heaters market, showcases promising growth prospects driven by factors such as a growing focus on energy efficiency, presenting opportunities, urbanization, and infrastructure development. Residential segmentation analysis reveals the growth of this segment in the MEA region, catering to growing awareness of the benefits of radiant heat for home comfort and innovative products tailored to meet the further specific needs of residential applications. In conclusion, MEA presents significant growth opportunities for Radiant Heaters manufacturers, driven by innovative and sustainable heating solutions across residential, commercial, and industrial sectors.

• The GCC Countries Radiant Heaters market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 18.44 million in 2024. Radiant Heaters sales flourish due to the region's focus on energy efficiency. • The Egypt Radiant Heaters market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 4.52 million in 2024.
• The South African Radiant Heaters market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 6.81 million in 2024. Radiant Heaters sales flourish in South Africa due to the region's urbanization and infrastructure projects.
• The Turkey Radiant Heaters market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 3.71 million in 2024.
• The Nigeria Radiant Heaters market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 4.52 million in 2024.
• The Rest of the MEA Radiant Heaters market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 5.08 million in 2024. 

Radiant Heaters Market Analysis

Radiant Heaters Market Technology Segment Analysis

According to Cognitive Market Research, Hydronic technology stands out as the dominating category. By circulating heated water through pipes installed beneath floors, within walls, or in ceilings, hydronic systems provide consistent warmth, offering unparalleled comfort in residential, commercial, and industrial settings. The flow of water in specific areas is controlled by thermostats, enhancing energy efficiency and making them a preferred choice. Their ability to seamlessly integrate with various architectural designs further solidifies their dominance, making hydronic technology a cornerstone in the radiant heater market.

Electric technology emerges as the fastest-growing category in the radiant heaters market. Leveraging innovative electric heating elements, this segment offers versatile solutions for residential, commercial, and industrial spaces. With efficient heating mats or cables installed beneath floors, within walls, or in ceilings, electric radiant heaters provide customizable warmth tailored to specific areas. Their ease of installation, precise temperature control, and compatibility with various building designs contribute to their popularity. Additionally, advancements in energy-efficient technologies and the increasing demand for eco-friendly heating solutions further propel the growth of the electric technology segment within the radiant heater market.

• Hydronic
• Electric
• Air-Based

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Radiant Heaters Industry. Request a Free Sample PDF!

Radiant Heaters Market Installation Surface Segment Analysis

According to Cognitive Market Research, the dominating category is Floor. Renowned for its unparalleled comfort and efficient heat distribution, floor heating systems utilize innovative technology to deliver warmth seamlessly across residential, commercial, and industrial spaces. By circulating heated water or utilizing electric heating elements beneath floors, these systems offer consistent and customizable warmth while maximizing energy efficiency. Their versatility in accommodating various flooring materials and ease of integration into building designs further solidify their dominance. With their proven track record and continued advancements, floor heating remains the preferred choice for heating solutions globally.

The fastest-growing category in the Radiant Heaters market is wall. Wall heating systems utilize innovative technology to deliver targeted warmth in residential, commercial, and industrial spaces. By circulating heated water or employing electric heating elements within walls, these systems offer precise temperature control and space-saving benefits. Their ability to seamlessly integrate into building designs and provide efficient heating solutions for areas where floor space is limited contributes to their increasing popularity. With ongoing advancements and growing demand for energy-efficient heating options, the wall segment is poised for significant expansion in the radiant heater market.

• Floor
• Wall
• Ceiling

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Radiant Heaters End-User Segment Analysis

According to Cognitive Market Research, the dominating category is Commercial (HoReCa, Hospitals, Offices, Mall, Others (Institutions, Banquets, etc.). This sector experiences robust growth due to the diverse heating requirements of these establishments. Radiant heaters offer efficient and customizable heating solutions tailored to the specific needs of each commercial setting. Whether providing comfortable warmth in hotel lobbies, maintaining ideal temperatures in hospital rooms, or creating inviting environments in office spaces and malls, radiant heaters enhance comfort and ambiance while optimizing energy usage. With their versatility and effectiveness, radiant heaters are becoming indispensable fixtures in commercial establishments globally, driving sustained market growth.

The fastest-growing category in the Radiant Heaters market is Residential (Condominiums, Individual Houses). This surge is propelled by increasing demand for efficient and customizable heating solutions in residential settings. Radiant heaters offer versatile options for homeowners seeking enhanced comfort and energy efficiency. Whether installed in newly constructed homes or retrofitted into existing properties, these systems provide consistent warmth throughout living spaces. With advancements in technology and a growing focus on sustainable living, radiant heaters are becoming increasingly popular choices for modern residential developments. As homeowners prioritize comfort and energy savings, the residential segment continues to drive significant expansion in the radiant heater market.

• Commercial (HoReCa
• Hospitals
• Offices
• Mall)
• Others (Institutions
• Banquets
• Industrial
• etc.)
• Residential (Condominium
• Individual Houses)

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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