The new report by EMR titled, ‘Global Hydronic Radiators Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global hydronic radiators market, assessing the market based on its segments like technology, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 4%
In North America, the demand for hydronic heating systems is high, because the weather in these cold regions also requires heating systems that are easier to install than their cooling counterparts. Due to the existence of several companies selling their products, these are also popular across the country. Similarly, in Europe, substantial growth was also observed. It is expected that, due to demand from Australia and New Zealand, there will be greater demand from the Asia Pacific region in the future. Since hydronic radiators do not need air circulation, the risk of air conditioners bringing in dust, foreign particles, or allergens is reduced, which positively affects the demand for these systems.
Industry Definition and Major Segments
Hydronic radiators are heating/cooling devices that use heated or cooled water to be pumped through pipes in the walls of the rooms, unlike traditional air-conditioning systems. They can be operated by manual or thermostatic switches, the latter of which should be more powerful and provide more power. Compared to traditional air conditioning systems, the benefits provided by hydronic radiators are that they are quiet, more powerful, and easily controllable. These are used in houses, offices, baths, and storage facilities.
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Based on technology, the industry can be segmented into:
- Heating system
- Cooling system
The market may be differentiated by end-use into:
- Industrial
- Commercial
- Residential
The global regions for the hydronic radiators market include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Other technical advances involve precision changes in these systems for proper heat exchange, allowing the required amount of heat to be supplied depending on the place and time. This will reduce the need for fuel used to heat the water, making it a greener option for customers. Furthermore, since heating occurs predominantly by radiation from all sides of the wall, the temperature distribution is uniform. Such benefits make hydronic radiators a favoured choice and will increase worldwide demand.
Key Market Players
The major players in the market are Zehnder Group AG, Automatic Heating Global Pty Ltd., Eskimo Products Ltd., Glen Dimplex Group, U.S. Boiler Company, Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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