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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Maps
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and Tools based on data-driven research
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Frameworks to boost the growth journey
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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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