(MENAFN - GetNews) According to new report available with Million Insights, the global heating radiators industry research report offers thorough insights on product, top players, regional demand & application. This study enables many opportunities for the market players to invest in research and development.
The global
heating radiator market is estimated to reach USD 9.1 billion, by 2025, and is projected to grow at a CAGR of 8.8% from 2019 to 2025, according to a new report by Million Insights. The increasing demand for energy-efficient heating equipment especially in industrial and residential applications is projected to spur the market growth in the next few years.
Heating radiators are anticipated to foresee significant growth in the European market owing to rising demand for advanced and technologically updated equipment which is expected to contribute to market growth. Electric based radiators are expected to constitute to largest market share during the forecast period. High energy saving radiators are gaining traction among consumers, which is expected to proliferate the demand for these heating solutions.