Thermostatic Radiator Valves Market is Projected to Expand at a 8.52% CAGR from 2019-2026

Thermostatic Radiator Valves Market is Projected to Expand at a 8.52% CAGR from 2019-2026

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

It is estimated that the CAGR (Compounded Annual Growth Rate) of the world market in the forecast period will reach 8.52%, and the total market value is expected to reach USD 6,924 million in 2026 from USD 3,907 million in 2019.

Thermostatic radiator valves (TRVs) regulate the flow of water through the radiator by sensing the air temperature around them. They are used to control air temperature in zoned spaces in residential as well as commercial buildings.

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Key Players:

Key players in the Thermostatic Radiator Valves market include Danfoss, IMI (Heimeier & TA), Caleffi, Honeywell (MNG), Oventrop, Giacomini, Comap, Herz, Vaillant, Junkers, Drayton, Grundfos, Siemens, Schlosser, Myson, Pettinaroli, etc.

Market Driver and Restraint

Thermostatic radiator valves’ characteristic includes comfort, convenience, and energy efficiency, which increases the demand for thermostatic radiator valves. Thermostatic radiator valves are a cheap and easy way of controlling temperature zones throughout households and large commercial buildings with a central heating system,        and it is also propelling the growth of the thermostatic radiator valves market. Furthermore, thermostatic radiator valves help save the fuel in boiler-based systems, providing huge opportunities to the thermostatic radiator valves market.

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Forecast by Geography

Geographically, global thermostatic radiator valves market is segmented into Europe, North America, Asia-Pacific, South America, Middle East, and Africa. In 2018, Europe is the largest market with a proportion of 32.65%, followed by North America and Asia-Pacific, accounting for 29.32% and 24.65% respectively.

North America and Western Europe are estimated to dominate the global thermostatic radiator valves market owing to high awareness on energy savings and presence of large number of commercial and residential buildings in these regions. Due to the growing construction industry and regulations related to energy saving, Asia Pacific is expected to witness significant growth rate in the market.

Type Segment Analysis

The type of the Thermostatic Radiator Valves market can be divided into Self-operate TRVs, Electronic TRVs, and Other.

Application Segment Analysis

Thermostatic Radiator Valves is widely used in Hot Water System, Steam Heating System, and Other.

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Target Audience:

•     Thermostatic radiator valves manufacturers

•     Small and Medium-sized Enterprises (SMEs)

•     Distributors and resellers of thermostatic radiator valves

•     Thermostatic radiator valves industry associations

•     Product managers, thermostatic radiator valves industry administrator, C-level executives of the industries

•     Market Research and consulting firms

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