Radiant panel systems can be used during a building retrofit process while earning points toward LEED certification. Radiant panels offer temperature gradients so low between and floor, less than one degree of difference. The heated panels are heated in one of three ways: water pipes, electric or air flows embedded in the panel. Of these three, electric circuits and water pipes are the most used solution.
Radiant Panels industry is concentrated relatively. Currently, there are several producing companies in the world radiant panels industry. The main market players are Zehnder Group, Messana, SPC, Frenger and Marley Engineered Products. The sales of radiant panels will increase to 5308 K Sq.m in 2018 from 4819 K Sq.m in 2013 with average growth rate of 1.95%.
Market Analysis and Insights: Global Radiant Panels Market
Due to the COVID-19 pandemic, the global Radiant Panels market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Water Heating accounting for % of the Radiant Panels global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential Building segment is altered to an % CAGR throughout this forecast period.
North America Radiant Panels market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Radiant Panels include Zehnder Group, MESSANA, SPC, Frenger, Marley Engineered Products, Uponor, Indeeco, Rehau and Rossato Group, etc. In terms of revenue, the global 3 largest players have a % market share of Radiant Panels in 2021.
Global Radiant Panels Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Radiant Panels Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Water Heating
Electric Heating
Segment by Application
Residential Building
Commercial Building
Industrial Building
By Company
Zehnder Group
MESSANA
SPC
Frenger
Marley Engineered Products
Uponor
Indeeco
Rehau
Rossato Group
SSHC
ATH
Sabiana
Aero Tech Manufacturing
Twa Panel Systems
Merriott
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina