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As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Hydronic Radiators Market to Grow at a CAGR of 4% During 2021-2026, Aided by their Lower Fuel Requirements

According to a new report by EMR titled, ‘Global Hydronic Radiators Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.

Hydronic radiators have seen a consistently rising demand from North America and Europe because of advantages offered by them over conventional air-conditioning like greater control, more equalised distribution of temperature, less costs and wide availability of companies offering these systems. With governments also pushing for greener initiatives, more consumers are shifting to hydronic radiators because they work with lower fuel at the same efficiency. The demand in Asia Pacific is also expected to grow rapidly in the forecast period, especially in Australia and New Zealand.

Zehnder AG (Swiss Stock Exchange: ZEHN) is a major player in the heating, cooling, and ventilation manufacturing industry. Like other companies during the historical period, this company’s stocks were hit badly in March 2020 during the peak COVID-19 lockdown period but have risen considerably above pre-pandemic levels. It is expected that other companies have also been performing similarly in the pandemic.

Market Analysis by Technology, End-Use and Region:

  • The market on the basis of technology can be divided into heating systems and cooling systems.
  • Based on end-use, the industry can be divided into industrial, commercial, and resident.
  • The regional markets for hydronic radiators include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Hydronic radiators will find greater demand because they require lower fuel because of their targeted heating. 
  • Precision heating allows where, when, and how much heat can be transferred, allowing greater control, which makes it a preferred option for consumers.
  • It may be preferred in places where cleaner environment is required because it does not bring in foreign particles like dust/allergens.
  • Privatisation and improved FDI across countries are expected to help this sector to rise.

Key Offerings of the Report:

  • The EMR report gives an overview of the global hydronic radiators industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the technology, end-use and regions of hydronic radiators.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hydronic radiators market are Zehnder Group AG, Automatic Heating Global Pty Ltd., Eskimo Products Ltd., Glen Dimplex Group, and U.S. Boiler Company, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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