In 2023, France led the European market for electric radiators and heaters, capturing 44.79% of the sold production value. Spain followed with 25.2%, while other major contributors included the United Kingdom at 9.73% and Italy at 7.34%. Notably, Germany showed an 8.02% increase, capturing 5.96% of the market, and Portugal experienced the highest growth with a 42.72% increase, holding 3.04%. Denmark saw the largest decline at -28.33%. Over a 5-year CAGR analysis, trends indicate shifting dynamics with emerging markets like Portugal and Germany gaining prominence.
Future trends to monitor include the continuous development of energy-efficient technologies and regulatory changes impacting production. Emerging economies could further influence market shares as advancements in energy management and sustainable practices gain traction across Europe.
Top countries in Sold Production of Electric Radiators, Convection Heaters and Heaters or Fires with Built-In Fans Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 44.79 | 2023 | +2.69% | -1.28% | View data |
| 2 | 2 Spain | 25.2 | 2023 | +3.44% | +7.19% | View data |
| 3 | 3 United Kingdom | 9.73 | 2023 | -2.28% | -1.82% | View data |
| 4 | 4 Italy | 7.34 | 2023 | -0.042% | -2.28% | View data |
| 5 | 5 Germany | 5.96 | 2023 | +0.15% | +8.02% | View data |
| 6 | 6 Portugal | 3.04 | 2023 | +5.32% | +42.72% | View data |
| 7 | 7 Czechia | 2.01 | 2023 | |||
| 8 | 8 Finland | 1.8 | 2023 | -1.34% | -5.29% | View data |
| 9 | 9 Sweden | 0.81 | 2021 | -68.47% | View data | |
| 10 | 10 Bulgaria | 0.69 | 2023 | +1.08% | +1.86% | View data |
