Europe Electric Radiators Market Insights
The Europe electric radiators market is projected to grow at a very high CAGR over the forecast period. Compared to gas central heating or storage heaters, electric radiators are generally cheaper to operate as they are highly energy - efficient in nature and provide precise heating control. Growing applications of electric radiators as one of the main sources of electricity is also expected to have a positive impact on the market growth.
Strict regulatory environment is expected to make consumers skeptical about use of electric radiators, which in turn is expected to hinder market growth as it requires huge investment. Electric radiators are gaining enormous recognition around the globe and have proven to a heating solution as it works equally well even if electricity is produced by burning fossil fuels or by harnessing sustainable resources.
Europe Electric Radiators Market: Technology Insights
Based on technology, the European electric radiators market is segmented into convection radiators, fan heaters, oil - based radiators, and infrared radiators. The convection radiator segment is expected to experience rapid growth throughout the forecast period. Convection radiators are those which focus on reduction of electricity bills and energy efficiency.
Over the past few years, infrared radiators held a prominent market position. These radiators have gained popularity due to increased demand for lightweight, efficient, and compact systems. Moreover, these radiators require less maintenance and needs no pre- heating.
Europe Electric Radiators Market: Facility Insights
Based on facility, the market is segregated into existing buildings, and new buildings. Increasing rates of building energy renovation and net-zero operating emissions and increasing focus on energy efficiency is expected to positively affect the market share of electric radiators in existing buildings. Increasing demand for construction and energy services will drive the product demand over the forecast period. The market share of new building facility is anticipated to grow over the coming years.
Europe Electric Radiators Market: Application Insights
Based on application, the market is segregated into commercial, residential, and industrial. The residential segment is expected to grow throughout the forecast period. Radiators are heating exchangers intended to transfer thermal energy from one medium to another, and the main principle behind designing them is space heating. Production of space heating technologies will simplify product adoption. These energy efficient electric radiators make use of a mixture of radiated heat for efficient comfort heating. Residential buildings currently utilize 30% of the world average energy consumption and 25% of the average European Union energy consumption.
Europe Electric Radiators Market: Regional Insights
U.K. is at the forefront of the European electric radiators market, mainly due to the increasing number of installation of over 300 thousand units by 2026. Europe's regional grids are increasingly using intermittent renewable energy. The increasing presence of a large number of manufacturers of electric radiators, and the rising consumption in the region is driving the market. High disposable income of consumers has led to people have adopting electric radiators in their daily routine. Romania electric radiator market is expected to witness significant growth due to a substantial number of industry players investing in electronics products in this region.
Europe Electric Radiators Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Europe Electric Radiators over the coming years. Some leading consumers of this market are Tesy, Glen Dimplex, and Aeon among others.
Europe Electric Radiators Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Europe Electric Radiators Market Share & Competitor Analysis
Major players in the Europe Electric Radiators market are Jaga, Stelrad, Myson, Haverland, Midea, Eco Volt, Zehnder, Rointe, Eskimo Products Ltd, Dimplex, Technotherm, Aeon, Elnur, The Electric Heating Company, Tubes Radiatori, and Tesy. and among others.
In August 2013: Stelrad Group Ltd was successfully acquired by Bregal Sagemount. The company is engaged in providing strategic assistance and capital to growth companies
In December 2015, dPoint Technologies was successfully acquired by Zehnder Group. The company is engaged in the development of polymer membranes to improve energy efficiency of heating, and ventilating
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