Heating Radiator Market

The global Heating Radiator market was valued at USD 6.64 Billion in 2020 and is projected to reach USD 13.35 Billion by 2028, growing at a CAGR of 9.12% from 2021 to 2028.

Radiators are heat exchangers used to transfer thermal energy from one medium to another for the purpose of cooling and heating.

The global Heating Radiator market is segmented based on by Product, Application, Regions, and Countries. This report provides an analysis of the global Heating Radiator market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Heating Radiator industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose stringent lockdown measures during the primary stages. This led to numerous challenges owing to the supply chain. However, the market witnessed steady growth over the later stages as the governments lifted restrictions on construction activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The increasing demand for energy-efficient heating solutions in the residential and industrial sector is anticipated to augment the growth of the heating radiators market over the forecast period.

Furthermore, the increasing new technologies and r&d activities in heating and energy-efficient solutions market along with changing weather conditions, and rise in automation & robotics are also expected to fuel the growth of the market in the years to come.

The requirement of high initial investment is expected to hamper the growth of the heating radiator market over the forecast period.

Product Analysis: Preview

On the basis of Product, the market is segmented into Hydronic Heating Radiato, Electric Heating Radiator. Hydronic Heating Radiato held the highest share in the global Heating Radiator market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Application Analysis: Preview

Based on Application, the market is segmented into Residential, Industrial Manufacturing, Others,. Commercial accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on region, the global Heating Radiator market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. Developing economies in the Asia Pacific region such as China and India are expected to make notable contributions in the growth over the coming years. Thus, it is expected that the Heating Radiator market is anticipated to rise over the forecast timespan.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Heating Radiator market are Runtal Radiators, LAWRENCE, IRSAP, Stelrad Radiators, Zehnder, H2O Heating, KORADO Group, Hunt Heating, NUOCISS, Vasco Group, Pioneer Radiator, PuRmO, S. Boiler Company. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• The global Heating Radiator market was valued at USD 6.64 Billion in 2020
• The global Heating Radiator Market is projected to reach USD 13.35 Billion by 2028
• North America held the highest share of the Heating Radiator market in 2020
• Some of the major companies operating in the Heating Radiator market are Runtal Radiators, LAWRENCE, IRSAP, Stelrad Radiators, Zehnder, H2O Heating, KORADO Group, Hunt Heating, NUOCISS, Vasco Group, Pioneer Radiator, PuRmO, S. Boiler Company