Europe Heating Radiators Market

Europe Heating Radiators Market Size, Share, Growth Analysis, By Product(Hydronic Heating Radiators, Electric Heating Radiators), By Application(Residential, Industrial, Commercial), By Region - Industry Forecast 2024-2031

Report ID: SQMIR20B2065 | Region: Regional | Published Date: April, 2024
Pages: 202 | Tables: 62 | Figures: 75

Europe Heating Radiators Market News

  • In December 2023, Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a subsidiary of Mitsubishi Heavy Industries (MHI) Group, introduced a new series called "Hydrolution EZY" to its range of air-to-water (ATW) heat pumps designed for the European market. This new line comprises two models with capacities of 10kW and 14kW, set to be launched this winter. 
  • In November 2023, Daikin, renowned for its heat pump technology and boasting over 90 years of experience in designing and manufacturing innovative heating and cooling solutions, has broadened its range of heat pump systems with the introduction of Altherma 3 R MT. This new mid-temperature refrigerant split R32 heat pump offers compatibility with various heating setups, including radiators, underfloor heating, compatible hot water boilers, and even solar panels. 
  • In November 2023, Samsung Electronics Air Conditioner Europe, a manufacturer headquartered in the Netherlands, revealed the launch of its EHS Mono R290 (propane) heat pump in the U.K., as stated by the manufacturer. This latest addition expands Samsung's EHS heat pump lineup.
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Europe Heating Radiators Market size was valued at USD 2.49 billion in 2022 and is poised to grow from USD 2.70 billion in 2022 to USD 5.15 billion by 2030, at a CAGR of 8.40% during the forecast period (2023-2030).

The report gives a detailed analysis of the following key players in the Europe heating radiator market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. 'Stelrad Radiators', 'Zehnder Group', 'Kermi GmbH', 'Rointe Heating', 'Quinn Radiators', 'Vasco Group', 'Buderus', 'Henrad Radiatoren', 'Jaga Radiators', 'Purmo Group', 'Myson Radiators', 'Arbonia AG', 'Acova Radiators', 'Bemm Radiators', 'Fondital Group', 'Hudevad Radiators', 'Korado Group', 'Radson Radiators', 'Sira Group', 'Vogel & Noot'

The demand for energy-efficient space heating solutions is driving growth in the market for heating radiators. Furthermore, urbanisation and climatic changes are influencing market growth by facilitating increased demand for space heating in residential and commercial spaces.

Heat pumps are widely used for not only heating but also cooling. They are mechanical heat transfer devices that collect low-grade heat from any source and then upgrade it for high-temperature distribution. Heat pumps are used in both the residential and industrial sectors. Paper, food and beverage, chemical, automotive, mechanical, and textile industries are among the industrial applications.

The heating radiator market in Europe is one of the most important markets in the heating equipment market. The market is expected to grow as a result of heating radiator applications, and this trend is expected to continue throughout the forecast period. With the increasing demand for advanced equipment, which is expected to significantly contribute to market growth, the demand for heating radiators in Europe is expected to rise significantly each year. Furthermore, the rising demand for energy-efficient solutions in the residential sector is expected to fuel demand for heating radiators, propelling a market expansion over the forecast period.

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Europe Heating Radiators Market

Report ID: SQMIR20B2065

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