Global Oil-Filled Radiators Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Oil-Filled Radiators Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Oil-filled radiators work by using an electrical element to heat a reservoir of thermal oil inside the appliance. The electrical element is fully submerged within the oil, so that when it heats up, all of the warmth created is transferred to the surrounding liquid. Oil filled radiators are a practical low-cost heating solution and a great way to get heating on demand. Oil heaters retain and radiate heat even when they're switched off so they use less energy and less money.

Market Overview:


The latest research study on the global Oil-Filled Radiators market finds that the global Oil-Filled Radiators market reached a value of USD 406.87 million in 2022. It’s expected that the market will achieve USD 588.62 million by 2028, exhibiting a CAGR of 6.35% during the forecast period.

Technical Progress

Oil-filled radiators are becoming portable and can be moved from one room to another as needed. These compact devices don't take up much space, so they can be excellent substitutes for large radiator systems. More and more oil-filled radiator products adopt overheat protection, provide different programmable options, and have functions such as screen display temperature control.

Development of energy-saving concept

Lifestyle changes and consumers' awareness of energy conservation promote the development of the global oil-filled radiator market. Oil-filled radiator has the characteristics of high energy utilization efficiency, energy saving and low maintenance. Low-carbon has become a new social trend, and consumers' preference for energy-saving products has increased, driving the growth of Oil-Filled Radiators market.

Oil Filled vs Electric Heater

As electric heaters use a relatively simpler technology, most electric heaters are cheaper as compared to oil-filled heaters. Electric heaters are best for quick room heating. This is an advantage over oil-filled heaters, especially when users need an instant heating appliance to make them warm. Electric heaters are best for large laboratories, warehouses, and office floors. This is because they take significantly less time to heat up even the largest of spaces. In contrast, oil-filled heaters may not work efficiently in large spaces, as they take significant heating time. Market competition with substitutes may affect the market share of oil-filled radiators.

Region Overview:


Asia Pacific is projected to account for a considerable share of the Oil-Filled Radiators market and is expected to become the largest region by 2027.

Company Overview:


De'Longhi is one of the major players operating in the Oil-Filled Radiators market, holding a share of 15.31% in 2022.

De'Longhi is a designer, manufacturer and distributor of small domestic appliances worldwide, with market shares in the espresso coffee makers, food preparation, comfort and home care segments.

Located in the south of Hangzhou Bay of China, Singfun specializes in room electric heater and room electric fan for 22 years, now it is one of the group leaders in issuing the national standard for room heater in China, and rank first in China market.

Segmentation Overview:


Among different product types, 1000 W segment is anticipated to contribute the largest market share in 2027.

Application Overview:


By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Oil-Filled Radiators market covered in Chapter 3:

Mill International AS
Comfort Zone
Lorell
Costway
RWFLAME
Dimplex
Singfun
Airmate
Fakir-Hausgeräte GmbH
PELONIS
Honeywell
De'Longhi
Adler Europe
Sencor
Ningbo Changer Electron
TaoTronics

In Chapter 4 and Chapter 14.2, on the basis of types, the Oil-Filled Radiators market from 2018 to 2029 is primarily split into:

500 W
1000 W
1500 W
2500 W
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Oil-Filled Radiators market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)