Europe Heating Radiators Market Size, Share & Trends Analysis Report By Product (Hydronic, Electric), By Application (Residential, Commercial, Industrial), By Country, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 185 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)

The Europe heating radiators market size is anticipated to reach USD 3.1 billion by 2025, ascending at a remarkable CAGR of 8.4% over the forecast period, 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 6.2% 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 29.2% in 2018 and is one of the prominent sectors contributing significantly to product demand in the region. Commercial application segment was valued at USD 611.9 million in 2018. Growing demand for the radiators in offices, shops, and commercial spaces is anticipated to contribute to the growth of the segment.

Russia accounted for the largest share of the overall market, in terms of revenue, in 2018 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.

Further key findings from the report suggest:

• Europe heating radiators market was worth USD 1.8 billion in 2018 and is anticipated to witness remarkable growth over the forecast period

• Electric heating radiators was the dominant segment and accounted for a revenue share of 57% in 2018

• The market in France is anticipated to grow at a moderate rate of 6.3% over the forecast period. The market in Beneluxwas valued at USD 127.1 million in 2018 and is anticipated to grow at a significant rate over the forecast period

• Key industry players include Zehnder Group AG; Stelrad Radiator Group Ltd.; Rettig ICC Ltd.; Korado Group AS; Vasco Group; IRSAP S.p.A.; Zhejiang Nuociss HVAC Technology Co., Ltd.; Foshan Sunfar Radiator Co., Ltd.; Pitacs Limited; and Eskimo Products Ltd.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                   1.2 Market Definition
                   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 Third Party Perspective
                       1.3.6 Primary Sources
                   1.4 Information Analysis
                       1.4.1 Data Analysis Model
                   1.5 Market Formulation & Data Visualization
                   1.6 List to Data Sources
                   1.7 List of Abbreviations
Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segmental Outlook
                   2.3 Competitive Insights
Chapter 3 Europe Heating Radiators Market Variables, Trends & Scope
                   3.1 Market Lineage Outlook
                       3.1.1 Global Heating Equipment Market
                       3.1.2 Europe Heating Radiators Market
                   3.2 Penetration and growth prospect mapping
                   3.3 Industry Value Chain Analysis
                       3.3.1 Raw Material Trends
                       3.3.2 Manufacturing Trends
                       3.3.3 Sales Channel Analysis
                       3.3.4 List of Key Users by Region/Product/by Country
                   3.4 Technology Overview
                       3.4.1 Technology Timeline
                   3.5 Regulatory Framework
                       3.5.1 Product Classification Codes- HS Code
                       3.5.2 Safety
                       3.5.3 Standards & Compliances
                   3.6 Market Dynamics
                       3.6.1 Market Driver Analysis
                       3.6.2 Market Restraint Analysis
                       3.6.3 Market Challenges
                   3.7 Trade Analysis
                       3.7.1 Top Importers
                       3.7.2 Top Exporter
                       3.7.3 Europe Import Duties & Export Restriction
                       3.7.4 Market Attractiveness Index
                   3.8 Business Environment Analysis: Europe Heating Radiator Market
                       3.8.1 Industry Analysis - Porter's
                       3.8.2 PESTEL Analysis
                       3.8.3 Major Deals & Strategic Alliances Analysis
Chapter 4 Europe Heating Radiators Market: Product Estimates & Trend Analysis
                   4.1 Definition & Scope
                   4.2 Product Movement Analysis & Market Share 2018 & 2025
                   4.3 Market size & forecasts and trend analysis, 2014 to 2025
                       4.3.1 Market estimates and forecasts, by Product, 2014 - 2025 (USD Million)
                   4.4 Hydronic
                       4.4.1 Market estimates and forecasts, by Hydronic, 2014 - 2025 (USD Million)
                       4.4.2 Market estimates and forecasts, in Hydronic, by Country, 2014 - 2025 (USD Million)
                   4.5 Electric
                       4.5.1 Market estimates and forecasts, by Electric, 2014 - 2025 (USD Million)
                       4.5.2 Market estimates and forecasts, in Electric, by Country, 2014 - 2025 (USD Million)
Chapter 5 Europe Heating Radiators Market: Application Estimates & Trend Analysis
                   5.1 Definition & Scope
                   5.2 Application Movement Analysis & Market Share 2018 & 2025
                   5.3 Market size & forecasts and trend analysis, 2014 to 2025
                       5.3.1 Market estimates and forecasts, by Application, 2014 - 2025 (USD Million)
                   5.4 Residential
                       5.4.1 Market estimates and forecasts, by Residential, 2014 - 2025 (USD Million)
                       5.4.2 Market estimates and forecasts, in residential, by Country, 2014 - 2025 (USD Million)
                   5.5 Commercial
                       5.5.1 Market estimates and forecasts, by Commercial, 2014 - 2025 (USD Million)
                       5.5.2 Market estimates and forecasts, in Commercial, by Country, 2014 - 2025 (USD Million)
                   5.6 Industrial
                       5.6.1 Market estimates and forecasts, by Industrial, 2014 - 2025 (USD Million)
                       5.6.2 Market estimates and forecasts, in industrial, by Country, 2014 - 2025 (USD Million)
Chapter 6 Europe Heating Radiators Market: Country Estimates & Trend Analysis
                   6.1 Definition & Scope
                   6.2 Country Movement Analysis & Market Share 2018 & 2025
                   6.3 Europe
                       6.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.3.2 Market estimates and forecasts, by Product, 2014 - 2025 (USD Million)
                       6.3.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                       6.3.4 Market estimates and forecasts, by Application, 2014 - 2025 (USD Million)
                   6.4 U.K.
                       6.4.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.4.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.4.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.5 Germany
                       6.5.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.5.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.5.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.6 Spain
                       6.6.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.6.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.6.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.7 France
                       6.7.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.7.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.7.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.8 Italy
                       6.8.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.8.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.8.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.9 Austria
                       6.9.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.9.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.9.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.10 Russia
                       6.10.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.10.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.10.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.11 Switzerland
                       6.11.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.11.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.11.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.12 Benelux
                       6.12.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.12.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.12.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.13 Ukraine
                       6.13.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.13.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.13.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
                   6.14 Kazakhstan
                       6.14.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.14.2 Market estimates and forecasts, by Product 2014 - 2025 (USD Million)
                       6.14.3 Market estimates and forecasts, by Application 2014 - 2025 (USD Million)
Chapter 7 Europe Heating Radiators Market - Competitive Analysis
                   7.1 Key global players & recent developments & their impact on the industry
                   7.2 Key Company/Competition Categorization
                   7.3 Vendor Landscape
                       7.3.1 List of key distributors and channel partners
                   7.4 Public Companies
                       7.4.1 Company market position analysis
                       7.4.2 Company Market Ranking
                       7.4.3 Competitive Dashboard Analysis
                       7.4.4 SWOT
                   7.5 Private Companies & Geographical Presence
                       7.5.1 Company market position analysis
Chapter 8 Company Profiles
                   8.1 Stelrad Radiator Group Ltd.
                       8.1.1 Company Overview
                       8.1.2 Financial Performance
                       8.1.3 Product Benchmarking
                       8.1.4 Recent Developments
                   8.2 Foshan Sunfar Radiator Co., Ltd.
                       8.2.1 Company Overview
                       8.2.2 Financial Performance
                       8.2.3 Product Benchmarking
                   8.3 Zehnder Group AG
                       8.3.1 Company Overview
                       8.3.2 Financial Performance
                       8.3.3 Product Benchmarking
                       8.3.4 Recent Developments
                   8.4 Vasco Group
                       8.4.1 Company Overview
                       8.4.2 Financial Performance
                       8.4.3 Product Benchmarking
                       8.4.4 Recent Developments
                   8.5 Korado Group
                       8.5.1 Company Overview
                       8.5.2 Financial Performance
                       8.5.3 Product Benchmarking
                   8.6 IRSAP S.p.A.
                       8.6.1 Company Overview
                       8.6.2 Financial Performance
                       8.6.3 Product Benchmarking
                       8.6.4 Recent Developments
                   8.7 Zhejiang Nuociss HVAC Technology Co., Ltd.
                       8.7.1 Company Overview
                       8.7.2 Financial Performance
                       8.7.3 Product Benchmarking
                   8.8 Rettig ICC Ltd.
                       8.8.1 Company Overview
                       8.8.2 Financial Performance
                       8.8.3 Product Benchmarking
                       8.8.4 Recent Developments
                   8.9 Eskimo Products Ltd.
                       8.9.1 Company Overview
                       8.9.2 Financial Performance
                       8.9.3 Product Benchmarking
                       8.9.4 Recent Developments
                   8.10 Pitacs Limited
                       8.10.1 Company Overview
                       8.10.2 Financial Performance
                       8.10.3 Product Benchmarking

List of Tables

Table 1 List of Abbreviation
Table 2 List of Key Users
Table 3 Government Regulations for Europe Heating Radiators market
Table 4 Minimum rates for heating and electricity in Europe
Table 5 Europe Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 6 Europe Heating Radiators Market estimates and forecasts, by hydronic, 2014 - 2025 (USD Million)
Table 7 Europe Heating Radiators Market estimates and forecasts, in hydronic, by country, 2014 - 2025 (USD Million)
Table 8 Europe Heating Radiators Market estimates and forecasts, by electric, 2014 - 2025 (USD Million)
Table 9 Europe Heating Radiators Market estimates and forecasts, in electric, by country, 2014 - 2025 (USD Million)
Table 10 Europe Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 11 Europe Heating Radiators Market estimates and forecasts, by residential, 2014 - 2025 (USD Million)
Table 12 Europe Heating Radiators Market estimates and forecasts, in residential, by country, 2014 - 2025 (USD Million)
Table 13 Europe Heating Radiators Market estimates and forecasts, by commercial, 2014 - 2025 (USD Million)
Table 14 Europe Heating Radiators Market estimates and forecasts, in commercial, by country, 2014 - 2025 (USD Million)
Table 15 Europe Heating Radiators Market estimates and forecasts, by industrial, 2014 - 2025 (USD Million)
Table 16 Europe Heating Radiators Market estimates and forecasts, in industrial, by country, 2014 - 2025 (USD Million)
Table 17 Europe Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 18 Europe Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 19 Europe Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 20 Europe Heating Radiators market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 21 U.K. Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 22 U.K. Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 23 U.K. Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 24 Germany Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 25 Germany Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 26 Germany Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 27 Spain Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 28 Spain Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 29 Spain Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 30 France Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 31 France Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 32 France Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 33 Italy Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 34 Italy Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 35 Italy Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 36 Austria Heating Radiator market estimates and forecasts, 2014 - 2025 (USD Million)
Table 37 Austria Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 38 Austria Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 39 Russia Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 40 Russia Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 41 Russia Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 42 Switzerland Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 43 Switzerland Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 44 Switzerland Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 45 Benelux Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 46 Benelux Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 47 Benelux Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 48 Ukraine Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 49 Ukraine Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 50 Ukraine Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 51 Kazakhstan Heating Radiators market estimates and forecasts, 2014 - 2025 (USD Million)
Table 52 Kazakhstan Heating Radiators Market estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 53 Kazakhstan Heating Radiators Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 54 Key Company/Competition Categorization (Market leaders, market challengers, niche players, and emerging players)
Table 55 List of Key distributors and channel partners

List of Figures

Fig. 1 Europe Heating Radiators Market - Segmentation and scope
Fig. 2 Europe Heating Radiators Market - Information Procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market Outlook (USD Million)
Fig. 7 Segmental Outlook (USD Million)
Fig. 8 Competitive Insights
Fig. 9 Global Heating Equipment Market
Fig. 10 Europe Heating Radiators Market (USD Million)
Fig. 11 Europe Heating Radiators Market: Value Chain Analysis
Fig. 12 Global and Europe Crude Steel Production by Country (Percent), 2017
Fig. 13 Hydronic Heating Radiators- Cost Structure (Euro)
Fig. 14 Electric Heating Radiators- Cost Structure (Euro)
Fig. 15 Europe Heating Radiators Market: Market Dynamics
Fig. 16 Europe Heating Radiators Market: Market Drivers
Fig. 17 Europe Construction Investment, Volume (Percent Change)
Fig. 18 Industrial energy consumption (%)
Fig. 19 U.K. Electricity Consumption of Residential Sector
Fig. 20 Europe Heating Radiators Market: Market Restraints
Fig. 21 Radiator installation costs (Euro)
Fig. 22 Key Countries in 2018 (USD Thousand), Importers (HS Code: 7322)
Fig. 23 Key Countries in 2018 (USD Thousand), Importers (HS Code: 851621)
Fig. 24 Heating Radiators Market: Share in Global Imports, 2018 (%), (HS Code: 7322)
Fig. 25 Heating Radiators Market: Share in Global Imports, 2018 (%), (HS Code: 851621)
Fig. 26 Key Countries in 2018 (USD Thousand), Exporters (HS Code: 7322)
Fig. 27 Key Countries in 2018 (USD Thousand), Exporters, (HS Code: 851621)
Fig. 28 Heating Radiators Market: Share in Global Exports, 2018 (%), (HS Code: 7322)
Fig. 29 Heating Radiators Market: Share in Global Exports, 2018 (%), (HS Code: 851621)
Fig. 30 Europe Heating Radiators Market: Market Size, Growth, Buyer's Power
Fig. 31 Porter's Five Forces Model- Europe Heating Radiators Market
Fig. 32 PESTEL Analysis- Europe Heating Radiators Market
Fig. 33 Europe Heating Radiators market: Product movement analysis, 2018 & 2025
Fig. 34 Europe Heating Radiators market: Product Market Share, 2018 & 2025, (%)
Fig. 35 Europe Heating Radiators market: Application movement analysis, 2018 & 2025
Fig. 36 Europe Heating Radiators market: Application Market Share, 2018 & 2025, (%)
Fig. 37 Europe Heating Radiators market: Country Outlook, 2018 & 2025
Fig. 38 Public Companies Market Positioning
Fig. 39 Zehnder Group: SWOT
Fig. 40 WASCO Group: SWOT
Fig. 41 KORADO Group AS: SWOT
Fig. 42 Private Companies Market Positioning