Europe Heating Radiators Market To Receive Overwhelming Hike of 8.4% CAGR, Due To Rising Repair and Replacement of Different Components in Heating Radiators Till 2025 | Million Insights

Europe Heating Radiators Market To Receive Overwhelming Hike of 8.4% CAGR, Due To Rising Repair and Replacement of Different Components in Heating Radiators Till 2025 | Million Insights

“Million Insights – World’s Fastest Growing Market Research Database”
According to new report available with Million Insights, Europe heating radiator industry is expected to witness enhanced demand owing to increased spending in the construction industry supported by repair activities including renovation of buildings, commercial spaces and reconstruction from 2019 to 2025.

The Europe heating radiators market size is projected to reach USD 3.1 billion by 2025 and projected to grow with a CAGR of 8.4% during the forecast period from 2019 to 2025, according to Million Insights. Factors such as favorable government policies, growing demand for energy-efficient products and rising repair & replacement of different components in heating radiators are expected to drive the market growth. Increased spending in the construction industry supported by repair activities including renovation of buildings, commercial spaces and reconstruction is anticipated to boost the product demand in Europe.

Based on the product, the market is segmented into electric radiators and hydronic radiators. Electric heating radiators are expected to hold the largest market share due to its growing demand in pharmaceutical, chemical, food & beverage and other industries. The hydronic heating radiators segment is expected to grow with a CAGR of more than 6.0% from 2019 to 2025.

To download the sample PDF of “Europe Heating Radiators Market Report” please click here: https://www.millioninsights.com/industry-reports/europe-heating-radiators-market/request-sample

Germany heating radiators market

 

Application-wise, the market is segmented into commercial, residential and industrial. In 2018, the residential application segment held a market share of over 29% in terms of revenue and it is one of the major sectors contributing significant demand for this region. In 2018, the commercial application segment generated revenue of USD 611.9 million. Increasing demand from commercial spaces, offices and shops is projected to contribute to the growth of this segment.

In 2018, Russia held the largest market share due to rising spending on infrastructure development. Government policies to support energy-efficient products in this country has led to the substantial growth for heating radiators. Germany is one of the potential markets for heating radiators in Europe due to growth of the construction industry, increasing demand in commercial spaces and industrialization. Benelux heating radiators market is expected to witness significant growth due to favorable government policies and growing investment in infrastructural development.

The Europe heating radiator market is highly competitive in nature and relies on technological development. Key players are engaged in business to develop and strengthen their footprint in Europe market. However, the existence of local players became a threat to multinational and global companies for product quality and pricing offered by them to end-users. Market players are focusing in several strategies such as product development and acquisitions. In 2018, Stelrad Radiator Group has acquired Hudevad Radiator Design A/S to strengthen its position in Europe market.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/europe-heating-radiators-market

Europe heating radiators market

 

Further key findings from the report suggest:

• In 2018, the market was valued at USD 1.8 billion and expected to witness noticeable growth over the forecast period.

• In 2018, electric heating radiators dominated the product segment and held the market share of 57% in terms of revenue.

• France market is expected to grow with the CAGR of more than 6% during the forecast period. In 2018, this market for Benelux has generated the revenue of USD 127.1 million and projected to grow with significant growth rate.

• The major players included in this market are Eskimo Products Ltd.Stelrad Radiator Group Ltd.; Vasco Group; Zehnder Group AG; IRSAP S.p.A.; Rettig ICC Ltd.; Korado Group AS; Zhejiang Nuociss HVAC Technology Co., Ltd.; FoshanSunfar Radiator Co., Ltd.; and Pitacs Limited.

Million Insights segmented the Europe heating radiators market on the basis of product, application and country:

Product Outlook (Revenue, USD Million, 2014 – 2025)

    • Hydronic Heating Radiators

    • Electric Heating Radiators

Application Outlook (Revenue, USD million, 2014 – 2025)

    • Residential

    • Commercial

    • Industrial

Country Outlook (Revenue, USD Million, 2014 – 2025)

    • U.K.

    • Germany

    • Spain

    • France

    • Italy

    • Austria

    • Russia

    • Switzerland

    • Benelux

    • Ukraine

    • Kazakhstan

Browse the Latest Press Releases Available with Million Insights:

Drone Analytics Market – The global drone analytics market is estimated to arrive at USD 35.73 billion by 2028. It is projected to develop by 22.8% CAGR from 2021 to 2028.

Micro-mobility Market – The global micro-mobility market is estimated to arrive at USD 69.32 billion by 2028. It is projected to develop by 13.7% CAGR from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/europe-heating-radiators-market