PUBLISHER: Grand View Research | PRODUCT CODE: 1633750
PUBLISHER: Grand View Research | PRODUCT CODE: 1633750
Europe Heating Radiator Market Size, Share & Trends Analysis Report By Product (Hydronic Heating Radiators, Electric Heating Radiators), By Application (Residential, Industrial, Commercial), By Region, And Segment Forecasts, 2025 - 2030
Europe Heating Radiator Market Growth & Trends:
The Europe heating radiator market size is expected to reach USD 3.32 billion by 2030, expanding at a CAGR of 6.5% from 2025 to 2030, 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 3.0% 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 29.7% in 2022 and is one of the prominent sectors contributing significantly to product demand in the region. Commercial application segment was valued at USD 600.2 million in 2022. Growing demand for the radiators in offices, shops, and commercial spaces is anticipated to contribute to the growth of the segment.
Germany accounted for the largest share of the overall market, in terms of revenue, in 2022 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.
Europe Heating Radiator Market Report Highlights:
- The electric heating radiators product segment led the market and accounted for 61.3% of the overall revenue share in 2024.
- Hydronic heating radiators are part of a central heating system that uses water heated by a boiler to circulate warmth throughout the home.
- The industrial application segment led the market and accounted for 33.7% of the overall revenue share in 2024 and is expected to grow rapidly in the coming years.
- The residential applications is experiencing steady growth, driven by increasing demand for energy-efficient, cost-effective, and comfortable heating solutions.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope and Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Segmentation & Scope
- 3.3. Concentration & Growth Prospect Mapping
- 3.4. Industry Value Chain Analysis
- 3.5. Regulatory Framework
- 3.6. Europe Heating Radiators Market - Market dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Opportunity Analysis
- 3.7. Industry Analysis Tools: Europe Heating Radiators Market
- 3.7.1. Porter's Analysis
- 3.7.2. Macroeconomic Analysis
Chapter 4. Europe Heating Radiators Market: Product Estimates & Trend Analysis
- 4.1. Europe Heating Radiators Market: Product Movement Analysis, 2024 & 2030
- 4.2. Hydronic Heating Radiators
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Electric Heating Radiators
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Europe Heating Radiators Market: Application Estimates & Trend Analysis
- 5.1. Europe Heating Radiators Market: Application Movement Analysis, 2024 & 2030
- 5.2. Residential
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Commercial
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Industrial
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Europe Heating Radiators Market: Country Estimates & Trend Analysis
- 6.1. Europe Heating Radiators Market: Country Movement Analysis, 2024 & 2030
- 6.2. UK
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3. Germany
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4. Spain
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5. France
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6. Italy
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.7. Austria
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.8. Russia
- 6.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.9. Switzerland
- 6.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.9.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.9.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.10. Benelux
- 6.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.10.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.10.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Global Players, Their Initiatives, & Its Impact on the Market
- 7.2. Key Company/Competition Categorization
- 7.3. Competitive Dashboard Analysis
- 7.4. Company Market Position Analysis
- 7.5. Company Heat Map Analysis
Chapter 8. Company Profiles
- 8.1. Stelrad Limited
- 8.1.1. Company Overview
- 8.1.2. Financial performance
- 8.1.3. Material benchmarking
- 8.1.4. Strategic initiatives
- 8.2. Foshan Sunfar Radiator Co., Ltd
- 8.2.1. Company Overview
- 8.2.2. Financial performance
- 8.2.3. Material benchmarking
- 8.2.4. Strategic initiatives
- 8.3. Zehnder Group AG
- 8.3.1. Company Overview
- 8.3.2. Financial performance
- 8.3.3. Material benchmarking
- 8.3.4. Strategic initiatives
- 8.4. KORADO
- 8.4.1. Company Overview
- 8.4.2. Financial performance
- 8.4.3. Material benchmarking
- 8.4.4. Strategic initiatives
- 8.5. Vasco Group
- 8.5.1. Company Overview
- 8.5.2. Financial performance
- 8.5.3. Material benchmarking
- 8.5.4. Strategic initiatives
- 8.6. IRSAP S.p.A.
- 8.6.1. Company Overview
- 8.6.2. Financial performance
- 8.6.3. Material benchmarking
- 8.6.4. Strategic initiatives
- 8.7. Nuociss
- 8.7.1. Company Overview
- 8.7.2. Financial performance
- 8.7.3. Material benchmarking
- 8.7.4. Strategic initiatives
- 8.8. Purmo Group
- 8.8.1. Company Overview
- 8.8.2. Financial performance
- 8.8.3. Material benchmarking
- 8.8.4. Strategic initiatives
- 8.9. Eskimo Products Ltd
- 8.9.1. Company Overview
- 8.9.2. Financial performance
- 8.9.3. Material benchmarking
- 8.9.4. Strategic initiatives
- 8.10. Pitacs Limited
- 8.10.1. Company Overview
- 8.10.2. Financial performance
- 8.10.3. Material benchmarking
- 8.10.4. Strategic initiatives
List of Tables
- Table 1 Europe heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 2 Europe heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 3 UK heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 4 UK heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 5 UK heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 6 Germany heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 7 Germany heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 8 Germany heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 9 Spain heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 10 Spain heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 11 Spain heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 12 France heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 13 France heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 14 France heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 15 Italy heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 16 Italy heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 17 Italy heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 18 Austria heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 19 Austria heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 20 Austria heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 21 Russia heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 22 Russia heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 23 Russia heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 24 Switzerland heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 25 Switzerland heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 26 Switzerland heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 27 Benelux heating radiators market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 28 Benelux heating radiators market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 29 Benelux heating radiators market estimates and forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Pattern
- Fig. 3 Primary Research Source
- Fig. 4 Market Research Approaches - Bottom Up Approach
- Fig. 5 Market Research Approaches - Top Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Market Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Insights
- Fig. 10 Market Segmentation & Scope
- Fig. 11 Value Chain Analysis
- Fig. 12 Market Driver Analysis
- Fig. 13 Market Restraint Analysis
- Fig. 14 Europe Heating Radiators Market: Product Movement Analysis, 2024 & 2030
- Fig. 15 Europe Heating Radiators Market Estimates And Forecasts, By Hydronic Heating Radiators, 2018 - 2030 (USD Million)
- Fig. 16 Europe Heating Radiators Market Estimates And Forecasts, By Electric Heating Radiators, 2018 - 2030 (USD Million)
- Fig. 17 Europe Heating Radiators Market: Application Movement Analysis, 2024 & 2030
- Fig. 18 Europe Heating Radiators Market Estimates And Forecasts, In Residential, 2018 - 2030 (USD Million)
- Fig. 19 Europe Heating Radiators Market Estimates And Forecasts, In Commercial, 2018 - 2030 (USD Million)
- Fig. 20 Europe Heating Radiators Market Estimates And Forecasts, In Industrial, 2018 - 2030 (USD Million)
- Fig. 21 Key Company/Competition Categorization
- Fig. 22 Competitive Dashboard Analysis
- Fig. 23 Company Market Position Analysis
