World - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingElectric Heating Radiator Market
The global market for electric storage heating radiators is projected to experience growth in both volume and value terms from 2022 to 2030, with a forecasted CAGR of +5.3% and +7.7% respectively. Despite fluctuations in consumption and production volumes over the years, the market is anticipated to reach 23M units and $2.1B by the end of 2030. The United States, China, and India were the top consumers in 2022, while China dominated production volumes. The United States led in imports, with China as the key exporter. Lithuania showed significant growth in market size and export value. Average import and export prices varied by country, with Belgium and China showcasing the highest and lowest prices respectively.
Market Forecast
Driven by increasing demand for electric storage heating radiators worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market volume to 23M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.7% for the period from 2022 to 2030, which is projected to bring the market value to $2.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electric Storage Heating Radiators
In 2022, after three years of decline, there was growth in consumption of electric storage heating radiators, when its volume increased by 0.4% to 15M units. The total consumption volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 17M units in 2018; however, from 2019 to 2022, consumption failed to regain momentum.
The global electric heating radiator market value fell slightly to $1.1B in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $1.3B in 2016; however, from 2017 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (2.8M units), China (2.1M units) and India (1.3M units), with a combined 41% share of global consumption. Malaysia, Brazil, Indonesia, Russia, Lithuania, the UK, Canada, Turkey, Saudi Arabia and Iran lagged somewhat behind, together comprising a further 30%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Malaysia (with a CAGR of +26.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($99M), Brazil ($95M) and the United States ($69M) were the countries with the highest levels of market value in 2022, together comprising 23% of the global market. China, Canada, Lithuania, Indonesia, Russia, Turkey, the UK, Malaysia, Iran and Saudi Arabia lagged somewhat behind, together accounting for a further 32%.
Lithuania, with a CAGR of +26.3%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of electric heating radiator per capita consumption was registered in Lithuania (168 units per 1000 persons), followed by Malaysia (30 units per 1000 persons), the United States (8.5 units per 1000 persons) and Saudi Arabia (7.8 units per 1000 persons), while the world average per capita consumption of electric heating radiator was estimated at less than 0.1 units per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the electric heating radiator per capita consumption in Lithuania stood at +21.5%. In the other countries, the average annual rates were as follows: Malaysia (+24.9% per year) and the United States (+4.7% per year).
Production
World Production of Electric Storage Heating Radiators
In 2022, global production of electric storage heating radiators shrank to 13M units, waning by -1.7% against 2021. In general, the total production indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 24%. Global production peaked at 15M units in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.
In value terms, electric heating radiator production amounted to $1.7B in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 39% against the previous year. As a result, production attained the peak level of $2.1B. From 2017 to 2022, global production growth failed to regain momentum.
Production By Country
China (3.6M units) remains the largest electric heating radiator producing country worldwide, comprising approx. 27% of total volume. Moreover, electric heating radiator production in China exceeded the figures recorded by the second-largest producer, India (1.3M units), threefold. The third position in this ranking was held by the United States (1.1M units), with an 8.2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +9.3%. The remaining producing countries recorded the following average annual rates of production growth: India (+7.9% per year) and the United States (+8.5% per year).
Imports
World Imports of Electric Storage Heating Radiators
In 2022, the amount of electric storage heating radiators imported worldwide rose notably to 4.5M units, surging by 11% on 2021 figures. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 33%. As a result, imports attained the peak of 4.7M units. From 2020 to 2022, the growth of global imports remained at a lower figure.
In value terms, electric heating radiator imports totaled $188M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Global imports peaked at $191M in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The United States was the main importer of electric storage heating radiators in the world, with the volume of imports accounting for 1.8M units, which was approx. 39% of total imports in 2022. Malaysia (1,002K units) ranks second in terms of the total imports with a 22% share, followed by the UK (11%). Belgium (174K units), France (147K units), the Netherlands (129K units) and Germany (107K units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +31.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest electric heating radiator importing markets worldwide were the United States ($42M), the UK ($27M) and France ($18M), with a combined 47% share of global imports. Belgium, Germany, the Netherlands and Malaysia lagged somewhat behind, together accounting for a further 20%.
The Netherlands, with a CAGR of +20.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average electric heating radiator import price amounted to $42 per unit, which is down by -3.9% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2016 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $59 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($126 per unit), while Malaysia ($3.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Electric Storage Heating Radiators
In 2022, global electric heating radiator exports rose sharply to 2.6M units, picking up by 6.2% on the previous year's figure. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 83%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, electric heating radiator exports contracted modestly to $127M in 2022. Over the period under review, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the exports attained the peak of $131M, and then declined slightly in the following year.
Exports By Country
China was the key exporting country with an export of around 1.5M units, which reached 59% of total exports. It was distantly followed by the Netherlands (276K units), Germany (215K units) and Lithuania (189K units), together making up a 26% share of total exports. The following exporters - Belgium (53K units), Spain (46K units) and the UK (44K units) - each accounted for a 5.4% share of total exports.
China was also the fastest-growing in terms of the electric storage heating radiators exports, with a CAGR of +41.4% from 2012 to 2022. At the same time, the Netherlands (+39.5%), Belgium (+34.4%), Germany (+13.1%) and Spain (+3.0%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Lithuania (-3.3%) illustrated a downward trend over the same period. China (+53 p.p.), the Netherlands (+9.2 p.p.) and Belgium (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Spain, the UK and Lithuania saw its share reduced by -2.4%, -3.8% and -24.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest electric heating radiator supplying countries worldwide were Lithuania ($27M), Germany ($24M) and China ($18M), with a combined 54% share of global exports. Belgium, Spain, the UK and the Netherlands lagged somewhat behind, together accounting for a further 22%.
Among the main exporting countries, Belgium, with a CAGR of +37.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average electric heating radiator export price stood at $48 per unit in 2022, declining by -8.6% against the previous year. In general, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. The global export price peaked at $127 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($174 per unit), while China ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global electric heating radiator market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512630 - Electric storage heating radiators
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global electric heating radiator market.
This report provides an in-depth analysis of the global electric heating equipment market.
Global Domestic Electric Oven Market Report 2018. This report provides an in-depth analysis of the global domestic electric oven market.
This report provides an in-depth analysis of the global domestic electro-thermic appliances market.
This report provides an in-depth analysis of the global hair curler market.
This report provides an in-depth analysis of the global electric radiator market.
This report provides an in-depth analysis of the global electric heating resistor market.
This report provides an in-depth analysis of the global electric hand-dryer market.
This report provides an in-depth analysis of the global electric hair dryer market.
This report provides an in-depth analysis of the global market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines.
Discover the top import markets for electric heating equipment in the world. Learn about the key countries driving the demand for energy-efficient heating solutions.
China dominates in the global trade of electric space heating apparatus and soil heating apparatus. In 2014, China exported X thousand tons of electric space heating apparatus and soil heating apparatus totaling X billion USD, X% over the previo
Discover the top countries leading the import market for electric radiators, with key statistics and insights provided by IndexBox's market intelligence platform.
Explore the top import markets for electric heating resistor and the key statistics from leading countries. Find out where the demand is highest and what drives the market growth.
Explore the top import markets for microwave ovens worldwide and analyze key statistics and numbers behind their success. Discover lucrative opportunities in these markets.
Discover the top import markets for domestic coffee machines around the world. Explore key statistics and insights into the market potential of these countries. Stay informed with IndexBox market intelligence platform.
The average domestic coffee machine export price soared from $43 per unit in 2019 to $92 per unit in 2020. Among the leading exporters, the most notable price growth rate was attained by China. The average export price for Chinese coffee machines grew fivefold.
With a huge jump in exports in 2014, Mexico surged to the second spot in the global electric water heater and immersion heater trade. In 2014, Mexico exported X thousand tons of electric water heaters and immersion heaters totaling X million USD
Despite a X% drop in exports in 2014, France held the second spot in the global electric smoothing iron trade. In 2014, France exported X thousand tons of electric smoothing irons totaling X million USD. Its primary trading partner was Germany,
In 2016, the amount of oven and cooker imported worldwide amounted to X tons, increasing by X% against the previous year level. The total import volume increased at an average annual rate of +X>