Global Hydronic Radiators Market to Grow at a CAGR of 4% During 2024-2032, Aided by their Lower Fuel Requirements

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.

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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 (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) 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.

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