Market Overview:
The global electric radiators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric radiators from residential, commercial, and industrial applications. Additionally, the growing awareness about energy-efficient heating solutions is also propelling the growth of this market. Based on type, the global electric radiators market can be segmented into fan heaters, convection radiators, infrared radiators, and oil-based electric radiators. Of these segments, fan heaters are expected to witness highest growth during the forecast period owing to their high efficiency and low cost of ownership. By application, residential use is projected to account for majority share in terms of revenue in 2018 followed by commercial and industrial applications respectively.
Product Definition:
Electric radiators are a type of heating appliance that use electric currents to produce heat. They are often used in place of traditional gas or oil-fired heaters, as they typically cost less to operate and maintain. Electric radiators can be installed in a number of different ways, including wall-mounted, freestanding, or even built into furniture. They come in a variety of sizes and styles to suit any home décor.
Fan Heaters:
The Fan Heaters are used to increase the airflow in electric radiators. The heat generated by the radiator is spread out through the air by using fans. It increases the speed of air movement, thereby increasing its temperature and cooling down the device faster.
Increasing demand for Electric Radiators owing to rising consumer awareness regarding product benefits such as low energy consumption, modern designs.
Convection Radiators:
Convection radiators transfer heat from the hot water or heating element to the room. They are used in electric radiators as well. Convection radiator is a closed system, which means it does not allow outside air to enter into its interior and thereby prevents cool down of temperature inside the radiator.
The working principle of convection radiators is based on thermal radiation.
Application Insights:
The global electric radiators market has been segmented on the basis of application into residential, commercial and industrial. The residential sector was estimated to be the largest application segment in 2017. This growth can be attributed to increasing urbanization and rising disposable income levels across countries such as India, China, Thailand and Indonesia. Moreover, government initiatives such as ¢â‚¬Å“Pradhan Mantri Awas Yojna¢â‚¬ in countries like India are expected to boost product demand in the near future.
The commercial sector is anticipated to witness significant growth over the forecast period owing to growing construction spending by companies including Siemens AG., ABB Ltd., Mitsubishi Electric Corporation (MELCO), etc. for building infrastructure at a domestic level such as shopping malls/malls complexes/supermarkets which require electric radiators for space heating or cooling applications respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding electric heating products, coupled with growing population and rapid industrialization in countries such as China and India. In addition, rising disposable income levels are anticipated to fuel demand for electric radiators in this region.
The European market accounted for a significant share of revenue in 2017 owing to early adoption of electric heating solutions across various industries. Moreover, presence of prominent manufacturers such as Infrared Radiators GmbH & Co., Kolditec A/S, Heating Corporation Ltd., and others is projected to augment industry growth over the next eight years.
North America held a substantial share of global revenue due its large construction industry that makes extensive use of Electric radiant heaters (ERHs).
Growth Factors:
- Increasing demand for electric radiators from the construction sector as a result of growing construction activities across the globe.
- Rising demand for electric radiators from the automotive sector due to increasing sales of electric and hybrid vehicles.
- Growing popularity of energy-efficient electric radiators among consumers owing to their ability to save energy costs.
- Proliferation of internet-of-things (IoT) and smart home technologies that are helping in increased adoption of connected electric radiators globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Radiators Market Research Report
By Type
Fan Heaters, Convection Radiators, Infrared Radiators, Oil-Based Electric Radiators
By Application
Residential Use, Commercial, Industrial
By Companies
Tesy, King Electric, Fischer, Eskimo, Dimplex, Technotherm, Noirot, AIRELEC, Irsap, Haverland, Tesy, GREE, Midea, SINGFUN, DYSON, AUX, Royalstar, AUCMA, CHIGO, Haier, Lucht Elektroheizung
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Electric Radiators Market Report Segments:
The global Electric Radiators market is segmented on the basis of:
Types
Fan Heaters, Convection Radiators, Infrared Radiators, Oil-Based Electric Radiators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tesy
- King Electric
- Fischer
- Eskimo
- Dimplex
- Technotherm
- Noirot
- AIRELEC
- Irsap
- Haverland
- Tesy
- GREE
- Midea
- SINGFUN
- DYSON
- AUX
- Royalstar
- AUCMA
- CHIGO
- Haier
- Lucht Elektroheizung
Highlights of The Electric Radiators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fan Heaters
- Convection Radiators
- Infrared Radiators
- Oil-Based Electric Radiators
- By Application:
- Residential Use
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Radiators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric radiators are a type of heating system that uses electricity to heat water or other fluid. They are often used in places where there is no natural gas or oil available, such as rural homes and apartments.
Some of the key players operating in the electric radiators market are Tesy, King Electric, Fischer, Eskimo, Dimplex, Technotherm, Noirot, AIRELEC, Irsap, Haverland, Tesy, GREE, Midea, SINGFUN, DYSON, AUX, Royalstar, AUCMA, CHIGO, Haier, Lucht Elektroheizung.
The electric radiators market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Radiators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Radiators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Radiators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Radiators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Radiators Market Size & Forecast, 2020-2028
4.5.1 Electric Radiators Market Size and Y-o-Y Growth
4.5.2 Electric Radiators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fan Heaters
5.2.2 Convection Radiators
5.2.3 Infrared Radiators
5.2.4 Oil-Based Electric Radiators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Use
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Radiators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Radiators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fan Heaters
9.6.2 Convection Radiators
9.6.3 Infrared Radiators
9.6.4 Oil-Based Electric Radiators
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fan Heaters
10.6.2 Convection Radiators
10.6.3 Infrared Radiators
10.6.4 Oil-Based Electric Radiators
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fan Heaters
11.6.2 Convection Radiators
11.6.3 Infrared Radiators
11.6.4 Oil-Based Electric Radiators
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fan Heaters
12.6.2 Convection Radiators
12.6.3 Infrared Radiators
12.6.4 Oil-Based Electric Radiators
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fan Heaters
13.6.2 Convection Radiators
13.6.3 Infrared Radiators
13.6.4 Oil-Based Electric Radiators
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Radiators Market: Competitive Dashboard
14.2 Global Electric Radiators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesy
14.3.2 King Electric
14.3.3 Fischer
14.3.4 Eskimo
14.3.5 Dimplex
14.3.6 Technotherm
14.3.7 Noirot
14.3.8 AIRELEC
14.3.9 Irsap
14.3.10 Haverland
14.3.11 Tesy
14.3.12 GREE
14.3.13 Midea
14.3.14 SINGFUN
14.3.15 DYSON
14.3.16 AUX
14.3.17 Royalstar
14.3.18 AUCMA
14.3.19 CHIGO
14.3.20 Haier
14.3.21 Lucht Elektroheizung
