PUBLISHER: Grand View Research | PRODUCT CODE: 1376057
PUBLISHER: Grand View Research | PRODUCT CODE: 1376057
Europe Heating Radiator Market Size, Share & Trends Analysis Report By Product (Hydronic Heating Radiators, Electric Heating Radiators), By Application (Residential, Industrial, Commercial), By Region, And Segment Forecasts, 2023 - 2030
Europe Heating Radiator Market Growth & Trends:
The Europe heating radiator market size is expected to reach USD 2.09 billion by 2030, expanding at a CAGR of 3.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Rising repair and replacement activities and growing demand for energy-efficient solutions and favorable government policies are the factors contributing to the market growth. Rise in construction spending by the European government supported by repair & replacement activities, such as reconstruction, renovation of buildings and commercial spaces, among others, is projected to drive the industry growth in Europe.
On the basis of product, the market in Europe region has been segmented into hydronic radiators and electric radiators. Electric heating radiators product segment is projected to account for the largest share of the market owing to their growing demand in application industries such as food and beverage, chemical, pharmaceutical, and others. Hydronic heating radiators product segment is anticipated to record a CAGR of 3.0% over the forecast period.
Based on application, the market has been segmented into residential, commercial, and industrial. Residential application segment accounted for a revenue share of 29.7% in 2022 and is one of the prominent sectors contributing significantly to product demand in the region. Commercial application segment was valued at USD 600.2 million in 2022. Growing demand for the radiators in offices, shops, and commercial spaces is anticipated to contribute to the growth of the segment.
Germany accounted for the largest share of the overall market, in terms of revenue, in 2022 on account of increasing spending on infrastructural development. Moreover, government policies favoring energy efficiency in the country, have led to a significant surge in the demand for efficient heating radiators. Germany is one of the prominent markets in Europe for heating radiators owing to industrialization, growing construction sector, and the demand for their use in commercial spaces for heating and associated solutions. Beneluxmarket is expected to grow at a significant rate due to increasing investments in infrastructural development activities and favorable government policies.
The industry in Europe is competitive in nature and it heavily relies on technological developments. Major players in Europe strive to attain business development to gain a competitive advantage as product substitution is difficult. Thus, application-based product development offers a competitive advantage to these players. However, the presence of local players poses a substantial threat to the global and multinational companies in terms of product pricing and quality offered to the customers.
Market players are engaging in acquisition strategy along with activities related to new product development. In November 2018, Stelrad Radiator Group acquired Hudevad Radiator Design A/S, a designer of central heating radiators and boilers, to expand the Group's footprint in Europe.
Europe Heating Radiator Market Report Highlights:
- Europe heating radiators market was worth USD 1.59 billion in 2022 and is anticipated to witness remarkable growth over the forecast period
- The hydronic heating radiators segment accounted for the largest revenue share of 61.7% in 2022
- The commercial segment held the largest revenue share of 37.8% in 2022.
- Germany dominated the market and accounted for the largest revenue share of 20.6% in 2022.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Europe Heating Radiators Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Europe Heating Radiators Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- 3.6.1. Industry Analysis - Porter's
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Europe Heating Radiators: Product Estimates & Trend Analysis
- 5.1. Europe Heating Radiators Market: Key Takeaways
- 5.2. Europe Heating Radiators Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Hydronic Heating Radiators
- 5.3.1. Hydronic heating radiators market estimates and forecasts, 2018 to 2030 (USD Billion)
- 5.4. Electric Heating Radiators
- 5.4.1. Electric heating radiators market estimates and forecasts, 2018 to 2030 (USD Billion)
Chapter 6. Europe Heating Radiators: Application Estimates & Trend Analysis
- 6.1. Europe Heating Radiators Market: Key Takeaways
- 6.2. Europe Heating Radiators Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Residential
- 6.3.1. Residential market estimates and forecasts, 2018 to 2030 (USD Billion)
- 6.4. Industrial
- 6.4.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Billion)
- 6.5. Commercial
- 6.5.1. Commercial market estimates and forecasts, 2018 to 2030 (USD Billion)
Chapter 7. Europe Heating Radiators Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Europe Heating Radiators Market by Region: Key Takeaway
- 7.3. Europe
- 7.3.1. Germany
- 7.3.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
- 7.3.2. UK
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
- 7.3.3. France
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
- 7.3.4. Italy
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
- 7.3.5. Spain
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
- 7.3.6. Austria
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
- 7.3.7. Russia
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion)
- 7.3.1. Germany
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Stelrad Limited
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. Foshan Sunfar Radiator Co., Ltd
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. Zehnder Group AG
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. KORADO
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Vasco Group
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. IRSAP S.p.A.
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Nuociss
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Purmo Group
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Eskimo Products Ltd
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. Pitacs Limited
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives
- 8.2.1. Stelrad Limited
List of Tables
- Table 1 List of Abbreviation
- Table 2 Europe heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 3 Europe heating radiators market, by application, 2018 - 2030 (USD Billion)
- Table 4 Europe heating radiators market, by region, 2018 - 2030 (USD Billion)
- Table 5 Germany heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 6 Germany heating radiators market, by application, 2018 - 2030 (USD Billion)
- Table 7 UK heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 8 UK heating radiators market, by application, 2018 - 2030 (USD Billion)
- Table 9 France heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 10 France heating radiators market, by application, 2018 - 2030 (USD Billion)
- Table 11 Italy heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 12 Italy heating radiators market, by application, 2018 - 2030 (USD Billion)
- Table 13 Spain heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 14 Spain heating radiators market, by application, 2018 - 2030 (USD Billion)
- Table 15 Austria heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 16 Austria heating radiators market, by application, 2018 - 2030 (USD Billion)
- Table 17 Russia heating radiators market, by product, 2018 - 2030 (USD Billion)
- Table 18 Russia heating radiators market, by application, 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Europe heating radiators: Market outlook
- Fig. 9 Europe heating radiators: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Industry value chain analysis
- Fig. 14 Europe heating radiators market driver impact
- Fig. 15 Europe heating radiators market restraint impact
- Fig. 16 Europe heating radiators market strategic initiatives analysis
- Fig. 17 Europe heating radiators market: Product movement analysis
- Fig. 18 Europe heating radiators market: Product outlook and key takeaways
- Fig. 19 Hydronic heating radiators market estimates and forecasts, 2018 - 2030
- Fig. 20 Electric heating radiators market estimates and forecasts, 2018 - 2030
- Fig. 21 Europe heating radiators market: Application movement analysis
- Fig. 22 Europe heating radiators market: Application outlook and key takeaways
- Fig. 23 Residential market estimates and forecasts, 2018 - 2030
- Fig. 24 Industrial market estimates and forecasts, 2018 - 2030
- Fig. 25 Commercial market estimates and forecasts, 2018 - 2030
- Fig. 26 Europe heating radiators market: Regional movement analysis
- Fig. 27 Europe heating radiators market: Regional outlook and key takeaways
- Fig. 28 Europe. market estimates and forecasts, 2018 - 2030
- Fig. 29 U.K. market estimates and forecasts, 2018 - 2030
- Fig. 30 Germany market estimates and forecasts, 2018 - 2030
- Fig. 31 France market estimates and forecasts, 2018 - 2030
- Fig. 32 Italy market estimates and forecasts, 2018 - 2030
- Fig. 33 Spain market estimates and forecasts, 2018 - 2030
- Fig. 34 Austria market estimates and forecasts, 2018 - 2030
- Fig. 35 Russia market estimates and forecasts, 2018 - 2030
