Europe Electric Radiators Market Future Scope, Revenue, Top Trends, Growth Opportunity & Regional Outlook To 2025
Rising environment concerns coupled with the introduction of regulatory framework to combat GHG emissions is likely to drive Europe electric radiator market outlook. Growing emphasis on power efficiency has led to higher adoption of low-carbon radiators. Governments across the globe are imposing regulatory norms in an effort to boost energy conservation in commercial, industrial and residential settings.
Convection electric radiators are expected to witness significant installation owing to excellent power efficiency of the products. It aids in considerable reduction in energy bill. Escalating requirement for advanced system design along with rise in R&D investments to improvise product features may support business landscape. Ageing industries are also undergoing reformation on account of strict standards toward ZEB (Zero Energy Building), which may further fuel product penetration.
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In 2018, Europe electric radiators market size was recorded at more than USD 500 million. Traditional industrial buildings have initiated renovation process to abide with strict mandates. In addition, introduction of zero-building emission codes is anticipated is likely encourage the product adoption in the coming years.
With stringent regulatory policies as well as investments directed towards achieving energy efficiency, industrial electric radiators market is set to witness robust growth rate. Manufacturers are focused towards developing cost-effective techniques in order to control escalating energy bills. Growing awareness pertaining to carbon-free buildings will also favor the industry landscape. Moreover, rise in number of minimum energy performance measures for the refurbishment projects as well as new buildings initiated by governments may support electric radiator adoption.
In 2018, infrared electric radiators industry generated a revenue of more than USD 120 million. Notable initiatives to lower electricity bills along with escalating need to conserve power at all phases of energy chain, from first step to the final utilization is encouraging IR radiators adoption. The councils, parliaments and the commissions across Europe introduced a 32.5% binding EU energy-efficiency target for 2030, which is majorly driving the product demand in the region.
Led by Romania, Europe electric radiators market is forecast to gather commendable gains on account of escalating electricity demand coupled with strict regulations regarding GHG emissions across the country. Ongoing technical advancements supported by favorable government initiatives with an aim to improve product features will bolster industry growth.
Provision of incentives and rebates for the installation of sustainable systems will also favor product deployment. Growth in funding towards the development of advanced technology along with positive implication of energy optimization and management across industries will result in increased deployment of electric radiators.
Leading manufacturers contributing towards Europe electric radiators market share include Eskimo, Myson, Haverland, Zehnder, Midea, Eco Volt, Dimplex, Rointe, Aeon, Jaga, Technotherm, The Electric Heating Company, Elnur, Tesy, Tubes Radiatori and Stelrad.
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These manufacturers could certainly adopt various organic and inorganic strategies such as mergers and acquisition and capacity expansion to gain competitive edge over other industry players. Partnerships and collaborations can also be explored to strengthen their market position and develop innovative product portfolio.
Partial Chapter of the Table of Content
Chapter 3. Europe Electric Radiators Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.4. Historic trend analysis
3.5. Regulatory landscape
3.5.1. Key laws
3.5.1.1. Energy Efficiency Plan 2011
3.5.1.1.1. Specific measures and policies
3.5.1.2. Energy efficiency policies
3.5.1.3. Energy efficiency progress
3.5.1.3.1. DIRECTIVE (EU) 2018/844
3.5.2. UK
3.5.2.1. The UK’s National Energy Efficiency Action Plan
3.5.2.2. CRC Energy Efficiency Schemes
3.5.3. Germany
3.5.3.1. German Energy Saving Ordinance (EnEV)
3.6. Industry impact forces
Chapter 4. Europe Electric Radiators Market, By Technology
4.1. Europe electric radiators market share by technology, 2018 & 2025
4.2. Fan heaters
4.2.1. Europe market from fan heaters, 2014-2025
4.2.2. Europe market from fan heaters, by region 2014 – 2025
4.3. Convection radiators
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