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Europe electric radiators market size was valued at USD 1.1 billion in 2024 and is estimated to grow at a CAGR of 3.5% from 2025 to 2034. Rising demand for energy efficient systems, increasing energy cost, growing inclination on environmental concerns and stringent policies to reduce greenhouse gas emissions will complement the business landscape. Regulatory mandates, coupled with a focus on reducing increasing energy efficiency in building infrastructure, will augment the industry outlook.
For instance, in April 2024, the European Commission rolled out new regulations aimed at boosting energy efficiency and repairability of local space heaters including electric radiators, amongst others. These measures are expected to yield significant energy savings and reduce greenhouse gas emissions by 2040.
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.
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.
The Germany market is set to reach USD 60 million by 2034, fueled by a growing emphasis on reducing energy bills and conserving energy.