온수 순환식 라디에이터 시장 예측(-2030년) : 유형별, 설치 유형별, 재료별, 설계별, 유통 채널별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Hydronic Radiators Market is accounted for $3.82 billion in 2024 and is expected to reach $7.63 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Hydronic radiators are heating systems that use water or another liquid as a heat transfer medium. The liquid is heated in a boiler and circulated through pipes to radiators in different rooms. As the heated water flows through the radiators, they emit warmth by radiating heat into the space. Hydronic radiators provide efficient, even heating and are often used in residential or commercial buildings. They can operate with various energy sources, such as gas, electricity, or solar power, and are known for being quiet and cost-effective.

According to the Ireland's Climate Action Plan (CAP), the country's commitment to combating climate change and reducing greenhouse gas emissions targets 215 000 heat pumps in new and existing buildings in 2025 and 680 000 in 2030.

Market Dynamics:

Driver:

Growing focus on energy-efficient heating solutions

Hydronic radiators offer efficient heat distribution, reducing energy consumption and lowering utility bills compared to traditional heating systems. As governments implement stricter energy efficiency standards and provide incentives for eco-friendly technologies, consumers are increasingly opting for hydronic heating systems. Additionally, heightened awareness of environmental impacts and the desire for lower carbon footprints further drive demand. Consequently, the hydronic radiators market benefits from a shift towards sustainable heating solutions across residential and commercial sectors.

Restraint:

Complex installation process

The installation process for hydronic radiators is complex due to the need for extensive plumbing and boiler systems, requiring skilled labor and precise planning. This complexity often involves retrofitting existing systems or designing new layouts, which can lead to higher installation costs and extended project timelines. These factors can hamper market growth by deterring potential customers who might opt for simpler, more accessible heating solutions instead.

Opportunity:

Mounting retrofit and renovation projects

Homeowners and businesses seek to improve energy efficiency and reduce utility costs, often opting for hydronic radiators due to their superior performance and comfort. Retrofitting old buildings with hydronic systems allows for better heat distribution and lower energy consumption compared to traditional heating methods. Additionally, renovations aimed at enhancing property value increasingly incorporate modern, efficient heating solutions, driving demand for hydronic radiators. This trend aligns with global sustainability goals, further supporting market expansion in both residential and commercial sectors.

Threat:

High installation costs

High installation costs for hydronic radiators stem from the need for specialized equipment, skilled labor, and extensive plumbing work. They require precise design and integration with existing infrastructure, which can be costly. These elevated costs deter some consumers, particularly in budget-sensitive markets, limiting the potential customer base. As a result, the perceived financial burden can hamper market growth, particularly in regions where affordable heating solutions are prioritized.

Covid-19 Impact

The covid-19 pandemic negatively impacted the hydronic radiators market due to supply chain disruptions, labor shortages, and delays in construction projects. With lockdowns and restrictions, demand from residential and commercial sectors temporarily decreased. However, the market saw a recovery as the focus on home improvement and energy-efficient heating systems increased during the post-pandemic period. The growing emphasis on sustainable, cost-effective heating solutions also accelerated demand as governments promoted green building initiatives in economic recovery plans.

The designer radiators segment is expected to be the largest during the forecast period

The designer radiators segment is predicted to secure the largest market share throughout the forecast period. Designer hydronic radiators combine functionality with aesthetic appeal, serving as stylish heating solutions for modern interiors. Available in various shapes, colors, and finishes, these radiators enhance the decor of residential and commercial spaces while providing efficient heating. They are often designed to blend seamlessly with contemporary architecture, making them a popular choice for homeowners and designers seeking elegance.

The residential buildings segment is expected to have the highest CAGR during the forecast period

The residential buildings segment is anticipated to witness the highest CAGR during the forecast period. Hydronic radiators in residential buildings provide an efficient and comfortable heating solution by circulating heated water through radiators installed in various rooms. They offer even, consistent warmth and are preferred for their quiet operation and energy efficiency compared to traditional forced-air systems. Additionally, they enhance indoor air quality by reducing the circulation of dust and allergens.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to rising urbanization, increased construction activities, and the growing demand for energy-efficient heating solutions. Countries like China, Japan, and India are seeing heightened adoption in both residential and commercial sectors. Government initiatives promoting energy conservation and the development of smart cities are further driving demand. Additionally, the region's colder climates, especially in parts of China and Japan, are boosting the need for reliable heating systems, making hydronic radiators an attractive solution.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, driven by the increasing focus on sustainable building practices. The region's cold climate, especially in areas like the U.S. Northeast and Canada, boosts the adoption of hydronic radiators in residential and commercial spaces. Government incentives and energy efficiency programs further support the market by promoting environmentally friendly heating systems. The rise in home renovations and retrofitting older buildings with modern heating technologies also contributes to the market's growth across the region.

Key players in the market

Some of the key players profiled in the Hydronic Radiators Market include Mitsubishi Heavy Industries, Stelrad Radiators, Myson Radiators, Vasco Group, Quinn Radiators, Purmo Group, Korado Group, Zehnder Group, Biasi UK Ltd., Rettig ICC, Arbonia Group, Delonghi Radiators, Ferroli S.p.A., Henrad Radiators, Hudson Reed, Aqara and Runtal Radiators.

Key Developments:

In January 2024, Mitsubishi Heavy Industries introduced the Hydrolution EZY heat pump. This innovative air-to-water heat pump is designed to replace conventional boilers in both new and existing buildings. It offers outputs of 10 kW and 14 kW and can effectively operate in extremely low temperatures as low as -25°C, providing domestic hot water up to 60°C.

In September 2022, Aqara launched its HomeKit-compatible Radiator Thermostat E1. This device is designed to automate hydronic radiators and features support for multiple smart home ecosystems, including Zigbee 3.0, Google Home, and Amazon Alexa. Notably, it can connect to Aqara temperature sensors to improve temperature readings, and it offers a battery life of up to 12 months on just two AA batteries.

Types Covered:

• Panel Radiators
• Column Radiators
• Towel Warmer Radiators
• Baseboard Radiators
• Other Types

Installation Types Covered:

• Wall-Mounted Radiators
• Floor-Mounted Radiators
• Freestanding Radiators
• Recessed Hydronic Radiators
• Other Installation Types

Materials Covered:

• Steel
• Cast Iron
• Aluminum
• Copper
• Other Materials

Designs Covered:

• Standard Radiators
• Designer Radiators
• Compact Radiators
• Other Designs

Distribution Channels Covered:

• Direct Sales
• Wholesale Distributors
• Online Retailers
• Specialty Stores
• Do It Yourself (DIY) Stores
• Other Distribution Channels

End Users Covered:

• Residential Buildings
• Commercial Buildings
• Industrial Facilities

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hydronic Radiators Market, By Type

• 5.1 Introduction
• 5.2 Panel Radiators
• 5.3 Column Radiators
• 5.4 Towel Warmer Radiators
• 5.5 Baseboard Radiators
• 5.6 Other Types

6 Global Hydronic Radiators Market, By Installation Type

• 6.1 Introduction
• 6.2 Wall-Mounted Radiators
• 6.3 Floor-Mounted Radiators
• 6.4 Freestanding Radiators
• 6.5 Recessed Hydronic Radiators
• 6.6 Other Installation Types

7 Global Hydronic Radiators Market, By Material

• 7.1 Introduction
• 7.2 Steel
• 7.3 Cast Iron
• 7.4 Aluminum
• 7.5 Copper
• 7.6 Other Materials

8 Global Hydronic Radiators Market, By Design

• 8.1 Introduction
• 8.2 Standard Radiators
• 8.3 Designer Radiators
• 8.4 Compact Radiators
• 8.5 Other Designs

9 Global Hydronic Radiators Market, By Distribution Channel

• 9.1 Introduction
• 9.2 Direct Sales
• 9.3 Wholesale Distributors
• 9.4 Online Retailers
• 9.5 Specialty Stores
• 9.6 Do It Yourself (DIY) Stores
• 9.7 Other Distribution Channels

10 Global Hydronic Radiators Market, By End User

• 10.1 Introduction
• 10.2 Residential Buildings
• 10.3 Commercial Buildings
• 10.4 Industrial Facilities

11 Global Hydronic Radiators Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Mitsubishi Heavy Industries
• 13.2 Stelrad Radiators
• 13.3 Myson Radiators
• 13.4 Vasco Group
• 13.5 Quinn Radiators
• 13.6 Purmo Group
• 13.7 Korado Group
• 13.8 Zehnder Group
• 13.9 Biasi UK Ltd.
• 13.10 Rettig ICC
• 13.11 Arbonia Group
• 13.12 Delonghi Radiators
• 13.13 Ferroli S.p.A.
• 13.14 Henrad Radiators
• 13.15 Hudson Reed
• 13.16 Aqara
• 13.17 Runtal Radiators