Growing focus toward power conservation accompanied by transformation toward low-carbon and energy efficient buildings is anticipated to drive the Europe electric radiators market growth. According to a new research report by Global Market Insights, Inc, Europe Electric Radiators Market is set to surpass USD 600 million by 2025.
Refurbishment of conventional industrial buildings owing to stringent mandates and zero building emission codes is set to drive the product demand. Growing policies & measures by the European Commission with an aim to promote the EU energy efficiency mark of 20% by 2020 will complement the industry outlook.
Rapid industrialization, introduction of energy efficiency mandates and rising demand for electricity consumption is set to positively impact the electric radiators market size. Growing efforts to curtail the electricity demand & supply mismatch will propel the product installation. Moreover, ongoing R&D activities and investments toward the development of technologically advanced radiators along with the growing demand of energy optimization & management across the industries will drive the product penetration.
UK electric radiators market is will exceed an annual installation by of 300 thousand units by 2025. Introduction of stringent regulations & norms coupled with a shift toward the deployment of energy efficient products is set to encourage the industry growth. Increasing focus on low energy bills coupled with the growing need to conserve energy at all phases of energy chain will complement the business outlook. The parliament, the council and the commission, in 2018, agreed on the EU energy efficiency mark of 32.5% for 2030.
Rising building energy renovation rate, increasing approval of net zero operating pollutants along with intensifying focus toward energy efficiency is set to boost the electric radiators market growth across existing buildings. Moreover, changing consumer behavior along with increasing strategies to build net zero carbon constructions by 2050 will complement the business landscape.
Residential electric radiators market is projected to grow owing to rapid technological escalation along with favorable regulatory regime. Rising energy saving from digitalization coupled with growing focus toward minimization of energy bill will foster the product installation. In addition, increasing demand for cost-effective techniques to govern the escalating energy prices along with the introduction of zero building emission policies will complement the industry landscape. Further, implementation of minimum energy performance needs for new buildings along with the major industrial refurbishment is set to foster the product adoption.
Infrared electric radiators market in 2018 was valued over USD 120 million. Low energy consumption, silent operations, zero light, and no fume formation are some of the prime features encouraging the industry growth. The system does not require pre-warming that saves energy and are low maintenance further boosting the product deployment. Furthermore, increasing environment concerns coupled with growing demand for sustainable systems is set to augment the business outlook.
Key industry manufacturers for the electric radiators market comprises Stelrad, Jaga, Myson, Midea, Haverland, Eco Volt, Rointe, Zehnder, Eskimo, Technotherm, Dimplex, Aeon, The Electric Heating Company, Elnur, Tesy, and Tubes Radiatori.