Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Fan Heaters, Convention Radiators, Infrared Radiators, Oil-based Radiators), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC396461 | Publication Date: Aug 2022 | Updated Date: Oct 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Europe Electric Radiators Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth rate | XXXX |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Countries, By Type, By Application |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
Europe Electric Radiators Market report thoroughly covers the market by countries, by type, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Electric Radiators Market is set to witness growth and transformation. Electric radiators, also known as electric heaters, are heating appliances that convert electrical energy into heat and are used for space heating purposes. The Europe electric radiators industry has been witnessing steady growth over the past few years on the back of increasing awareness about energy efficiency, government initiatives to promote sustainable heating solutions, and a shift towards electrification in heating. Moreover, electric radiators are considered safer compared to some other heating options, especially in terms of potential gas-related hazards. They also tend to be easier to install, as they do not require complex venting systems.
According to 6Wresearch, the Europe Electric Radiators Market is projected to grow during the forecast period of 2023-2029. The market has witnessed significant growth and transformation in recent years, driven by the growing emphasis on energy efficiency and sustainability. As European countries continue to adopt stringent regulations to reduce carbon emissions, electric radiators have arisen as an efficient heating solution. These radiators can be easily integrated into smart home systems, allowing users to optimize their heating usage. Another major driver is the shift towards electrification in the heating sector. With the goal of reducing dependence on fossil fuels, many countries of Europe are promoting electric heating systems as a viable alternative. This shift has been accelerated by advancements in electric radiator technology, making them more efficient and cost-effective compared to traditional heating methods. Furthermore, the growing trend towards home automation has played a significant role in proliferating the Europe Electric Radiators Market Growth. Electric radiators can be controlled remotely through smartphone apps or integrated into smart home ecosystems, enabling users to adjust heating settings according to their preferences. Despite these drivers, the Europe electric radiators market also faces certain challenges. One of the key challenges is the high initial cost of installation. Additionally, the market faces competition from other heating technologies, such as heat pumps and underfloor heating systems, which also offer energy efficiency. The Europe electric radiators market size has been steadily growing as more consumers recognize the benefits of electric radiators and governments offer incentives for their installation.
Many European countries have introduced energy efficiency regulations and labeling requirements for electric radiators. These regulations are aiming to promote the use of energy-efficient models and help consumers make informed choices based on energy performance ratings. Several European nations have set striving targets to reduce carbon emissions. In response to this, there is a push towards electric heating solutions as they can be powered by low-carbon or renewable energy sources, helping to meet these targets. European countries run programs to modernize heating systems, promoting the adoption of advanced electric radiators with smart heating controls for improved energy management. Some governments provide grants and financial incentives for homeowners who replace traditional heating systems with energy-efficient electric radiators as part of home renovation projects.
The COVID-19 pandemic had several effects on the Europe Electric Radiators Market. Lockdowns and restrictions imposed by the government disrupted supply chains, affecting the production of electric radiators. Delays in manufacturing led to product shortages and increased lead times. The shift to remote work augmented the need for efficient heating solutions in home offices, which boosted the residential demand for electric radiators. With people spending more time at home, there was an increased focus on energy efficiency. Many consumers sought energy-efficient heating solutions to reduce utility bills.
The competitive landscape of the Europe Electric Radiators Market is characterized by a mix of established manufacturers, regional players, and newer entrants, all vying for Europe Electric Radiators Market Share in a dynamic and evolving industry.
By type, the Infrared Radiators segment is experiencing rapid growth in recent years primarily due to its efficiency and suitability for various applications, particularly in commercial and industrial settings.
According to Swati, Senior Research Analyst, 6Wresearch, the residential segment is one of the fastest-growing segments in the Europe Electric Radiators Market. The growth is attributed to the increasing demand for energy-efficient and sustainable heating solutions in residential buildings, driven by environmental awareness and rising energy costs.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Electric Radiators Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Electric Radiators Market Revenues & Volume, 2019 & 2029F |
3.3 Europe Electric Radiators Market - Industry Life Cycle |
3.4 Europe Electric Radiators Market - Porter's Five Forces |
3.5 Europe Electric Radiators Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Europe Electric Radiators Market Revenues & Volume Share, By Type, 2022 & 2029F |
3.7 Europe Electric Radiators Market Revenues & Volume Share, By Application, 2022 & 2029F |
4 Europe Electric Radiators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Electric Radiators Market Trends |
6 Europe Electric Radiators Market, 2019-2029 |
6.1 Europe Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
6.2 Europe Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
7 Germany Electric Radiators Market, 2019-2029 |
7.1 Germany Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
7.2 Germany Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
8 United Kingdom Electric Radiators Market, 2019-2029 |
8.1 United Kingdom Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
8.2 United Kingdom Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
9 France Electric Radiators Market, 2019-2029 |
9.1 France Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
9.2 France Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
10 Italy Electric Radiators Market, 2019-2029 |
10.1 Italy Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
10.2 Italy Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
11 Russia Electric Radiators Market, 2019-2029 |
11.1 Russia Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
11.2 Russia Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
12 Spain Electric Radiators Market, 2019-2029 |
12.1 Spain Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
12.2 Spain Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
13 Rest of Europe Electric Radiators Market, 2019-2029 |
13.1 Rest of Europe Electric Radiators Market, Revenues & Volume, By Type, 2019-2029 |
13.2 Rest of Europe Electric Radiators Market, Revenues & Volume, By Application, 2019-2029 |
14 Europe Electric Radiators Market Key Performance Indicators |
15 Europe Electric Radiators Market - Opportunity Assessment |
15.1 Europe Electric Radiators Market Opportunity Assessment, By Countries, 2022 & 2029F |
15.2 Europe Electric Radiators Market Opportunity Assessment, By Type, 2022 & 2029F |
15.3 Europe Electric Radiators Market Opportunity Assessment, By Application, 2022 & 2029F |
16 Europe Electric Radiators Market - Competitive Landscape |
16.1 Europe Electric Radiators Market Revenue Share, By Companies, 2022 |
16.2 Europe Electric Radiators Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |