The market size for electric radiators in Europe reached USD 1.1 billion in 2024 and is estimated to grow at a 3.5% CAGR from 2025 to 2034, driven by rising demand for energy-efficient systems and increasing energy costs.
The industrial segment is expected to witness a CAGR of over 3.5% through 2034, led by rapid industrial development and favorable regulatory policies.
The Germany market is set to reach USD 60 million by 2034, fueled by a growing emphasis on reducing energy bills and conserving energy.
Key manufacturers in the market include Aeon, Eco Volt, Electric Heating Company, Electrorad, Elnur, Eskimo, Glen Dimplex, Haverland, Jaga, Lucht, Rointe, Stelrad, Technotherm, Tubes Radiatori, and Zehnder.