April 06, 2020
According to a recent study titled ‘Europe Electric Radiators Market Size By Technology, By Facility, By Application, Industry Analysis Report, Regional Outlook Price Trends, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, Europe electric radiators market was worth USD 500 million in 2018 and is projected to grow momentously during 2019-2025.
Stringent regulatory norms regarding energy conservation across commercial, residential, and industrial sectors is fueling the growth of Europe electric radiators market. Awareness towards efficient power usage, increasing adoption of low-carbon radiators, and upgradation of traditional industrial buildings coupled with introduction of zero-building emission codes are other factors augmenting the market outlook.
Based on the technology, convection radiators segment is expected to grow considerably in the coming years, on account of shifting conscience for efficient utilization of power and cost-saving benefits of the equipment. Increasing need for improved product design along with inflowing investments in research & development are supporting the segment growth.
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Infrared electric radiators market segment was valued at USD 120 million in 2018 and is presumed to see substantial growth during the analysis period. The segment growth can be attributed to increasing focus towards reducing electricity bills and power conservation throughout all the phases of energy chain.
Speaking of the application scope, Europe electric radiators market share from industrial segment is projected to record a decent growth over the study period, owing to increasing demand for cost effective solutions in tandem with rising focus towards carbon-free buildings. Implementation of minimum energy performance mandates for refurbishment and new construction projects will enhance the adoption of electric radiators across industries.
As per the regional analysis, electric radiators market in Romania is anticipated to see a sizeable growth over 2019-2025, on account of booming energy demand and strict norms towards GHG emissions. Widespread deployment of sustainable systems and ongoing energy management & optimization activities in conjunction with increasing funds for developing advanced products are stimulating the regional business outlook.
Major players of Europe electric radiators market are Myson, Eskimo, Haverland, Zehnder, Midea, Eco Volt, Dimplex, Rointe, Aeon, Jaga, Technotherm, The Electric Heating Company, Elnur, Tesy, Tubes Radiatori, and Stelrad.
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