According to the recent research report titled ‘Europe Electric Radiators Market Size By Technology (Fan Heaters, Convection Radiators, Infrared Radiators, Oil-Based Radiators), By Facility (Existing Buildings, New Buildings), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Regional Outlook (UK, Italy, Germany, France, Spain, Turkey, Romania, Netherlands, Russia, Poland, Sweden, Norway, Denmark, Austria, Finland), Price Trends, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025’ available with MarketStudyReport, Europe electric radiators market amassed revenues worth USD 500 million in 2018 and is expected to expand exponentially through 2025.

The factors fueling the Europe electric radiators market growth are stringent policies to regulate energy conservation, introduction of various standards towards controlling GHG emission levels, increasing focus on energy efficiency, technological breakthroughs, and the introduction of zero-emission codes.

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As per technology type, convection radiators segment is projected to grow substantially by the end of the forecast timeline, owing to the rise in demand for power efficiency, its ability to reduce energy bills, rising R&D investments, and modernization of aging industries.

On the other hand, the infrared segment had reached a valuation of USD 120 million in 2018 and is likely to showcase similar growth trends in the forthcoming years on account of increasing focus on low electricity bills coupled with growing demand for power conservation solutions across all phases of the energy chain.

Based on application spectrum, Europe electric radiators market share from industrial segment is anticipated to grow substantially by 2025, attributable to increasing regulatory policies, focus towards energy efficiency and reducing energy bills, and rising development of carbon-free buildings.

Geographically, Romania electric radiators market is expected to witness considerable growth by the end of the analysis period, on account of increasing electricity demand and a rising focus on the reduction of GHG emissions. Moreover, mounting installation of sustainable systems, technological advancements, and the implementation of energy management & optimization solutions will augment the product penetration in Romania.

The leading companies operating in Europe electric radiators market are Jaga Heating Products (UK) Ltd., Myson, Midea Group, Zehnder Group U.K. Ltd., Rointe Heating, GlenDimplex, Aeon (Pitacs Ltd.), The Electric Heating Company Ltd., TESY Ltd., Stelrad, Haverland U.K. Ltd., Eco Volt, Runtal North America Inc., Eskimo Products Ltd., Technotherm International, Elnur S.A., and Tubes Radiatori S.r.l.