Radiators are one of the oldest and most effective ways of heating the house, and have become an essential part of the central heating system. In a central heating system, hot water or steam is generated in a central boiler and circulated by pumps through individual units within the building, where heat is transferred in the environment. These are the heat exchangers which are used to transfer thermal energy from one medium to another in order to serve the purpose of cooling and heating. Radiators these days are available in an extensive range of design, color, and size. Gas radiators work by drawing heat from water or steam to warm up the surroundings, and are generally made of metal, as metals are excellent conductors of heat. Energy efficient radiators are available at an economical rate since heating technology has considerably evolved. The innovation in thermal elements, effective electrical components, and heating control features provide the potential to significantly reduce the heating cost.
One of the key factors driving the global gas radiators market is rapidly increasing demand from the construction industry, as the development of residential and non-residential buildings continues at a rapid pace. The increasing government spending on infrastructure and the manufacturing sector is anticipated to drive the gas radiators market during the forecast period. The construction industry in Asia Pacific is projected to witness significant growth in the near future due to rapid urbanization, growing population, and favorable government plans for infrastructure development in the region. Moreover, rapid development of social infrastructure, hospitals, and residential buildings in emerging economies is promoting gas radiators market growth. The construction industry in Middle East & Africa and South America is expanding due to rapid economic growth, thereby creating growth opportunities for manufacturers in these regions.
The global gas radiators market can be segmented based on type, application, and region. Based on type, the market can be classified into natural draught and forced draught. In terms of application, the global gas radiators market can be divided into residential, commercial, and industrial. Gas central heating is the most popular central heating system and is used in majority of homes across the world. The commercial segment is projected to expand at a higher rate due to rapid industrialization, and rising investments for private and public infrastructure.
Based on region, the global gas radiators market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to contribute major market share, followed by Europe due to factors including rising residential construction activities, government initiatives, and increasing demand for green building structures. Moreover, in Asia Pacific region, the growth of the gas radiators market is propelled by factors such as growing population, and increasing demand for new residential buildings, coupled with a rising commercial sector and rapid industrialization in China and India. In the Middle East and South America, the growth is supported by the usage of gas radiators in commercial and residential construction.
Key players operating in the global gas radiators market are Italkero, Fondital, REINA Design, Stelrad, Kermi GmbH, Myson, Alfa-Plam a.d, Robur, Metalco Engineering Machinery, COLT France, Test Ltd, Aira Heating, U.S. Boiler, Auer-Gianola, and Weichuang Radiator among others. Manufacturers are increasing their R&D capabilities to diversify their product range and are adopting manufacturing practices that ensure improved product quality. With increase in the demand for gas radiators in the construction industry, the presence of local manufacturers is expected to increase competition and increase the introduction of several advanced products in the near future.
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