According to this study, over the next five years the Electronic Thermostatic Radiator Valves market will register a 21.5% CAGR in terms of revenue, the global market size will reach US$ 130 million by 2024, from US$ 40 million in 2019.
Thermostatic radiator valve (TRV) is a self-regulating valve fitted to hot water heating system radiator, to control the temperature of a room by changing the flow of hot water to the radiator. Electronic Thermostatic Radiator Valves use batteries and electronic thermostats to constantly monitor the temperature of the room and move the pin up and down accordingly.
Europe occupied 83.19% of the sales market in 2017. It is followed by North America which accounted for around 9.24% of the global total industry. Other countries have a smaller amount of sales. Geographically, Europe was the largest production market in the world, which took about 77.60% of the global production volume in 2017.
– Table of Contents
– List of Tables & Figures
– Research Methodology
This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Thermostatic Radiator Valves market by product type, application, key manufacturers and key regions and countries.
This study considers the Electronic Thermostatic Radiator Valves value and volume generated from the sales of the following segments:
Segmentation by product type:
- Valves body
Segmentation by application:
This report also splits the market by region:
- United States
- Southeast Asia
- Middle East & Africa
- South Africa
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Key Questions Addressed by the Report:
- What is the growth perspective of the Electronic Thermostatic Radiator Valves Market and the key dynamics and trends governing the market?
- What are key sustainability strategies adopted by the leading players in the Electronic Thermostatic Radiator Valves Market?
- What are the new and emerging technologies and use cases disrupting the Electronic Thermostatic Radiator Valves industry?
- What are the key applications where Electronic Thermostatic Radiator Valves plays a significant role?
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