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.
Technology, product design, and pricing patterns influence purchases of thermostatic radiator valves. The situation is rather complex, as the companies attempt to cater to diverse segments. The market is currently dominated by a handful of local companies that own the core technologies, including Danfoss, IMI (Heimeier & TA), Caleffi and so on.
In the next five years, the Europe consumption of thermostatic radiator valves will maintain about 8.32% annual growth rate; consumption is expected to be 882.05 million USD in 2021. Therefore, in the next five years, thermostatic radiator valves overcapacity situation will not change much.
Regional markets are influenced by demographic and socio-economic trends. In 2015, the Germany is expected to remain the largest market for thermostatic radiator valves, accounting for 39.45% of the national total production, followed by UK (14.64%).
The presence of brand effect and having a relatively basic technology, the thermostatic radiator valves industry still poses some formidable barriers to entry. Thus, capital requirements are quite high due to production features and the diverse nature of the product families. Seasonality of business, price rivalry, government rules and regulations, and limited distribution channels also pose some entry barriers. Yet another deterrent to market entry is the complexity of logistics. Distribution costs may rise further as some mass merchandisers openly require payment by the manufacturers for shelf space, especially for new products. Name identity and brand image require extensive advertising.
Over the next five years, LPI(LP Information) projects that Thermostatic Radiator Valve will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
- Danfoss
- IMI (Heimeier & TA)
- Caleffi
- Honeywell (MNG)
- Oventrop
- Giacomini
- Comap
- Herz
- Pegler Yorkshire.
- IVAR Group
- Drayton
- Grundfos
- Siemens
- Schlosser
- Myson
- Pettinaroli
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
- North America (United States, Canada and Mexico)
- Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
- Europe (Germany, UK, France, Italy and Russia etc.)
- South America (Brazil, Chile, Peru and Argentina)
- Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
- Self-operate TRVs
- Electronic TRVs
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
- Hot Water System
- Steam Heating System