COVID-19 Impact on Industrial Radiators Market, Fact.MR Study

 

Rise in Industrialization Augmenting the Industrial Radiators Market

Industrialization plays an important role in the economic development of an economy. Industrialization not only includes technological innovations, it also comprises economic and social transformation of the society. As industrial revolution propagated across the globe since the beginning of the twentieth century, industries have faced numerous challenges in accordance to maintain the ecological balance with respect to maintaining operational efficiency.

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Industrial radiators are used across industries as heat exchangers to transfer thermal energy from one medium to another for heating and cooling. One of the major factors driving the industrial radiators market is the growing concern regarding the maintenance of appropriate temperature at the industrial workplace coupled with the increased manufacturing activities, growth in overall industrial sector and booming population growth rate.

Smart, Efficient and Customized Design for Industrial Radiators are Drawing Attention in Market

Industrial radiators’ manufacturers are currently highly focused towards making smart, highly efficient and cost-effective industrial radiators according to client specifications and providing them with optimal solutions for their industrial operations. Execution of advanced design technology by top industrial radiators’ manufacturers has helped numerous industries for heating and cooling the work or storage areas in all climate conditions.

Industrial Radiators Market Segmentation

The industrial radiators market is segmented by type, material, type of convection, end-user and region. In terms of type, the industrial radiators market is segmented by skid mounted radiator, belt driven radiator, vertical remote radiator and horizontal remote radiator. Belt driven radiator held the largest market share in 2017 owing to its high versatility applications in all major end-user industry. In terms of material, the industrial radiators market is segmented by steel, aluminum, copper, cast iron, ceramic and others. Copper industrial radiators dominated the industrial radiator market. Copper has numerous desirable characteristics such as high thermal conductivity, corrosion resistance, high melting point, alloyability and ease of fabrication. In terms of type of convection, the industrial radiators market is segmented by natural and forced convection. Forced convection in industrial radiators involves utilization of fan or pump for heat transfer.

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The industrial radiators market players are Runtal Radiators, KORADO Group, Zehnder, PuRmO, U.S. Boiler Company, ST.LAWRENCE, NUOCISS, Pioneer Radiator, Hunt Heating, IRSAP, Stelrad Radiators, Vasco Group, H2O Heating, Keen & Juche, Aumax Heating Company, Milaster, and MDKH among others.

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