Thermostatic Radiator Valve Market Size to Grow by USD 663.52 Mn, 42% of Market Growth to Originate from Europe - Technavio

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- The thermostatic radiator valve market size is expected to grow by USD 663.52 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 8.21% during the forecast period. The market has been segmented by product type (electronic TRV and self-operate TRV) and geography (Europe, APAC, North America, the Middle East and Africa, and South America).

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By geography, Europe will lead the thermostatic radiator valve market during the forecast period. The region will account for 42% of the market's growth. This growth is attributed to factors such as the increasing adoption of condensing boilers in heating systems. Moreover, market growth in this region will be faster than the growth of the market in APAC and South America. Germany and the UK are the key countries for the thermostatic radiator valve market in Europe.

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By product type, the electronic TRV segment will be the largest contributor to market growth during the forecast period. The popularity of electronic thermostatic radiator valves is increasing, and some of these are marketed as smart thermostats. Smart TRVs are devices that are designed to enable personalized, room-by-room heating control.

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The increasing adoption of condensing boilers in heating systems is driving the global thermostatic radiator valve market growth. Boilers can help save costs and reduce carbon emissions by using the gas produced by burning fuels such as gas and oil to heat water. The adoption of condensing boilers in heating systems is increasing. The installation of thermostatic radiator valves raises the efficiency of condensing boilers. These factors will fuel the growth of the global thermostatic radiator valve market during the forecast period.

The launch of new products is a key trend in the global thermostatic radiator valve market. thermostatic radiator valves regulate the flow of water through the radiator by sensing the surrounding air temperature. They are used for controlling the air temperature in zoned spaces in residential and commercial buildings. A thermostatic radiator valve is a self-regulating valve that modifies the hot water flow into a radiator. It is made up of two components, namely the valve head and the valve body. A capsule in the valve head contracts or expands, with a change in the ambient temperature. It moves a pin in the valve body, causing it either to open or close. Such factors will increase the market growth during the forecast period.

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Cryogenic Valves Market by End-user and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by end-user (oil and gas, chemicals, energy and power, food and beverage, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). 41% of the market's growth will originate from North America during the forecast period. The market share growth by the oil and gas segment will be significant.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product Type

• 5.1 Market segments 
• Exhibit 24: Chart on Product Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product Type - Market share 2021-2026 (%)

• 5.2 Comparison by Product Type 
• Exhibit 26: Chart on Comparison by Product Type
• Exhibit 27: Data Table on Comparison by Product Type

• 5.3 Electronic TRV - Market size and forecast 2021-2026
• Exhibit 28: Chart on Electronic TRV - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Electronic TRV - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Electronic TRV - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Electronic TRV - Year-over-year growth 2021-2026 (%)

• 5.4 Self-operate TRV - Market size and forecast 2021-2026
• Exhibit 32: Chart on Self-operate TRV - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Self-operate TRV - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Self-operate TRV - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Self-operate TRV - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product Type 
• Exhibit 36: Market opportunity by Product Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 Europe - Market size and forecast 2021-2026
• Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Caleffi SpA 
• Exhibit 89: Caleffi SpA - Overview
• Exhibit 90: Caleffi SpA - Product / Service
• Exhibit 91: Caleffi SpA - Key offerings

• 10.4 Danfoss AS 
• Exhibit 92: Danfoss AS - Overview
• Exhibit 93: Danfoss AS - Business segments
• Exhibit 94: Danfoss AS - Key news
• Exhibit 95: Danfoss AS - Key offerings
• Exhibit 96: Danfoss AS - Segment focus

• 10.5 GIACOMINI Spa 
• Exhibit 97: GIACOMINI Spa - Overview
• Exhibit 98: GIACOMINI Spa - Product / Service
• Exhibit 99: GIACOMINI Spa - Key offerings

• 10.6 Honeywell International Inc. 
• Exhibit 100: Honeywell International Inc. - Overview
• Exhibit 101: Honeywell International Inc. - Business segments
• Exhibit 102: Honeywell International Inc. - Key news
• Exhibit 103: Honeywell International Inc. - Key offerings
• Exhibit 104: Honeywell International Inc. - Segment focus

• 10.7 I.V.A.R. SpA 
• Exhibit 105: I.V.A.R. SpA - Overview
• Exhibit 106: I.V.A.R. SpA - Product / Service
• Exhibit 107: I.V.A.R. SpA - Key offerings

• 10.8 IMI Hydronic Engineering Inc. 
• Exhibit 108: IMI Hydronic Engineering Inc. - Overview
• Exhibit 109: IMI Hydronic Engineering Inc. - Product / Service
• Exhibit 110: IMI Hydronic Engineering Inc. - Key offerings

• 10.9 Oventrop GmbH and Co. KG 
• Exhibit 111: Oventrop GmbH and Co. KG - Overview
• Exhibit 112: Oventrop GmbH and Co. KG - Product / Service
• Exhibit 113: Oventrop GmbH and Co. KG - Key offerings

• 10.10 Purmo Group Plc 
• Exhibit 114: Purmo Group Plc - Overview
• Exhibit 115: Purmo Group Plc - Product / Service
• Exhibit 116: Purmo Group Plc - Key offerings

• 10.11 Schneider Electric SE 
• Exhibit 117: Schneider Electric SE - Overview
• Exhibit 118: Schneider Electric SE - Business segments
• Exhibit 119: Schneider Electric SE - Key news
• Exhibit 120: Schneider Electric SE - Key offerings
• Exhibit 121: Schneider Electric SE - Segment focus

• 10.12 Siemens AG 
• Exhibit 122: Siemens AG - Overview
• Exhibit 123: Siemens AG - Business segments
• Exhibit 124: Siemens AG - Key news
• Exhibit 125: Siemens AG - Key offerings
• Exhibit 126: Siemens AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 127: Inclusions checklist
• Exhibit 128: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 129: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 130: Research methodology
• Exhibit 131: Validation techniques employed for market sizing
• Exhibit 132: Information sources

• 11.5 List of abbreviations 
• Exhibit 133: List of abbreviations

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