Press release
Electric Radiators market is expected to reach USD 13.99 billion by 2030: Cognitive Market Research
Electric Radiators market is expected to reach USD 13.99 billion by 2030: Cognitive Market Research
What is an Electric Radiator?
- Electric radiators are a type of heating system that uses electricity to produce heat. They work by heating up a series of electric elements inside the radiator, which then emit heat into the surrounding air. The heat is distributed through convection and radiation, and the temperature is controlled by a thermostat.
Electric radiators are popular in homes and offices because they are easy to install and use, and they don't require a separate boiler or other equipment to function. They are also relatively energy-efficient since they don't waste heat by circulating hot water through a pipe system. However, they can be more expensive to operate than other types of heating systems, especially if electricity costs are high in your area.
Summary:
- The Electric Radiators market is expected to grow from USD 9.49 billion in 2022 to USD 13.99 billion by 2030, at a CAGR of 5.1%.
"To know more about The Electric Radiators Market statistics click here: https://www.cognitivemarketresearch.com/electric-radiators-market-report
Market Dynamics:
• Rising demand for energy-efficient systems boosts the electric radiators market
Electric radiators are more energy-efficient compared to traditional heating systems. They have programmable controls that allow users to set heating schedules and maintain optimal temperatures in individual rooms, resulting in reduced energy consumption. The increasing focus on reducing carbon emissions and promoting energy-efficient heating systems has led to various government regulations and incentives that promote the use of electric radiators.
• High initial cost and limited heating capacity act as restraints of the electric radiators market
Electric radiators can be expensive to purchase and install, especially if they need to be integrated into an existing heating system. This can be a deterrent for many customers who may opt for cheaper traditional heating systems instead. Electric radiators may not be suitable for heating larger spaces or buildings. This could limit their use in commercial settings and larger residential properties.
• The rising adoption of technologies will drive the electric radiators market growth
The development of new technologies, such as Wi-Fi connectivity and voice-controlled devices, presents an opportunity for electric radiator manufacturers to differentiate themselves from their competitors and provide more convenient and efficient heating solutions. The increasing adoption of smart home technology is driving the demand for electric radiators with smart controls that can be integrated with other smart devices to provide an automated and energy-efficient heating solution.
Electric Radiators Market Segmentation:
Type
• Fan Heaters
• Convection Radiators
• Infrared Radiators
• Oil Based Electric Radiators
Application
• Residential Use
• Commercial Applications
• Industrial Infrastructure Buildings
The Major Players in Electric Radiators Market are:
Tesy, King Electric, Fischer, Eskimo, Dimplex, Technotherm, Noirot, AIRELEC, Irsap, Haverland, Elnur, GREE, Midea, SINGFUN, DYSON, AUX, Royalstar, AUCMA, CHIGO, Haier, Lucht Elektroheizung GmbH Co. KG
Get free sample pages of the latest published Electric Radiators market Report:
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News
• In March 2022
Germany has seen a huge rise in sales of electric heaters as the winter draws nearer. Much fear there will not be enough gas around to heat homes.
A whopping 958,000 electric heaters have been sold in Germany since the beginning of 2022, The volume of electric heater sales in the German market has jumped by 76% in January-August 2022 over the same period a year earlier.
Regional Analysis:
• Europe dominates the Electric Radiators Market
Geographically, the global electric radiator market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Europe is expected to have the highest market share due to the growing demand for energy-efficient heating systems and government initiatives promoting the use of renewable energy sources. The increasing focus on reducing carbon emissions and the availability of government incentives for energy-efficient heating systems are expected to drive the demand for electric radiators in Europe.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Electric Radiators Market
Chapter 4 Global Electric Radiators Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Electric Radiators Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Electric Radiators Industry Mergers and Acquisition Analysis
• 5.3 Global Electric Radiators New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Electric Radiators Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Electric Radiators Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Electric Radiators Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Electric Radiators Market Regional Analysis
Chapter 12 North America Electric Radiators Market Outlook (2018 - 2030)
Chapter 13 Europe Electric Radiators Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Electric Radiators Market Outlook (2018 - 2030)
Chapter 15 Latin America Electric Radiators Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Electric Radiators Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Electric Radiators Market TOC click here: https://www.cognitivemarketresearch.com/electric-radiators-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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