Hot Water Radiators Market: Introduction
A hot water radiator comprises a sealed hollow metal container filled with hot water by gravity feed, a pressure pump, or convection. As it gives out heat, the hot water cools and sinks to the bottom of the radiator and is exacted out of a pipe at the other end. This kind of radiator heats the contained water constantly from a central boiler. It becomes very hot, but never reaches boiling temperature. Water is pumped from the heater to all hot water radiators in the house. In one-pipe systems, the water runs in a loop. Two-pipe systems move the water up and back down repeatedly. Some of the heat is eventually lost as the water passes through each radiator. At this point it returns to the boiler for re-heating. To effectively warm up a home, the cycle restarts every time the temperature needs to rise. A thermostat usually connects to the heater and pump to show when a greater output is required.
Key Drivers of the Hot Water Radiators Market
The global hot water radiators market is anticipated to grow during the forecast period. Increased disposable income of people, coupled with rising number of residential homes is driving the growth of the hot water radiators market across the globe. Another prime factor boosting the demand for the product is its energy-efficiency. Hot water radiators powered by gas are normally less expensive than their substitutes, such as electric room heaters and blowers. Additionally, heat generation from a hot water radiator lasts for long, even after the system is switched off, as the radiator retains the heat from the warm water, which is an added advantage of using the product.
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Advancements such as tankless water heater creating opportunities in the hot water radiators market
With advancements in hot water radiators, end consumers are getting more varied options besides creating new opportunities for the product in the market. Tankless water heaters are the latest trend in environmentally responsible hot water heater technology. While traditional tank models waste energy due to the standby heat loss that causes heated water to cool and requires further heating, a tankless system bypasses the tank entirely, and instead heats water as needed. The hot water radiator also provides better air quality compared to forced-air furnaces, which makes it more user-friendly. These factors create new demand and enhances the growth of the market.
Restraints of the hot water radiators market
Hot water radiators are expensive to install and have high maintenance cost which restrains the market. Addition of a hot radiator heating system to an air conditioning system requires an additional duct system that adds to the cost. Hence, households with air conditioning systems opting for hot water radiators need to bear higher installation charges, which limits the demand for the product.
Europe the dominant region
The U.K, Germany, and France dominate the hot water radiators market. Rising sale of hot water radiators through e-commerce platforms is anticipated to help in higher revenue generation in the hot water radiators market in the region.
Key Players Operating in the Global Market
Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the hot water radiators market are:
- K8 Radiator
- Runtal Radiator
- ISAN Radiatory
- U.S. Boiler Company, Inc.
Hot Water Radiators Market: Research Scope
Hot Water Radiators Market, by Type
- Low temperature radiator
- High temperature radiator
Hot Water Radiators Market, by Material
- Cast iron
- Steel
- Others
Hot Water Radiators Market, by Radiator Type
- Standard radiators
- Baseboard radiators
Hot Water Radiators Market, by Distribution Channel
- Online
- Offline
The report on the hot water radiators market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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