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Europe Electric Radiators Market Trends

Report ID: GMI3220
Published Date: Dec 2024
Report Format: PDF

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Europe Electric Radiators Market Trends

Europe electric radiators industry is set to grow owing to energy efficiency initiatives, industrial development, rising power demand and efforts to balance electricity supply. Increased funding for advanced systems and wider adoption of zero emission across industries are also contributing to the industry growth. For instance, in April 2024, the EU Council has approved new rules for building energy efficiency, to cut greenhouse gas emissions from buildings.

The directive also seeks to address energy poverty. Key targets include making all new buildings zero-emission by 2030 and transforming the entire EU building stock to zero-emission status by 2050. Moreover, the increasing demand for efficient, lightweight, and compact systems across various applications along with low energy consumption will significantly boost product deployment.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

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.