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Global Thermostatic Radiator Valve Market 2017-2021

Global Thermostatic Radiator Valve Market 2017-2021

About Thermostatic Radiator Valve

Thermostatic radiator valves (TRVs) regulate the flow of water through the radiator by sensing the air temperature around them. They are used to control air temperature in zoned spaces in residential as well as commercial buildings.

Technavio’s analysts forecast the global thermostatic radiator valve market to grow at a CAGR of 2.75% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global thermostatic radiator valve market for 2017-2021. To calculate the market size, the report considers the new and replacement demand for TRV from various regions.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thermostatic Radiator Valve Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of operating in this market.

Key vendors
  • Caleffi
  • Danfoss
  • Drayton
  • Honeywell International
Other prominent vendors
  • GIACOMINI U.K.
  • I.V.A.R.
  • IMI Hydronic Engineering
  • MYSON
  • Oventrop
  • Pegler Yorkshire
  • Siemens
Market driver
  • Fuel savings and positive payback benefits
  • For a full, detailed list, view our report
Market challenge
  • High installed cost of TRVs
  • For a full, detailed list, view our report
Market trend
  • Integration with home automation and growth of home automation market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are in this market space?
  • What are the market opportunities and threats faced by the key vendors??
  • What are the strengths and weaknesses of the key vendors??


Press Release

Technavio Announces the Publication of its Research Report – Global Thermostatic Radiator Valve Market 2017-2021

Technavio recognizes the following companies as the key players in the global thermostatic radiator valve market: Caleffi, Danfoss, Drayton, and Honeywell International.

Other Prominent Vendors in the market are: GIACOMINI U.K., I.V.A.R., IMI Hydronic Engineering, MYSON, Oventrop, Pegler Yorkshire, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is integration with home automation and growth of home automation market. Given the format of residential heating in Europe, which is dominated by boiler-based systems for the circulation of hot water around the home, the development of heating technology with smart thermostats offered by Nest and its European competitors Tado and Netatmo do not provide independent control of different heating zones. This is where remote-controlled TRVs come into play and allow temperatures of each room to be set independently and thereby ensure the efficient working of boiler and pump, thus saving energy and money.”

According to the report, one of the major drivers for this market is fuel savings and positive payback benefits. The average cost of installing a one-pipe TRV system is approximately $135 inclusive of the material and service costs. When the fuel saving derived in terms of the heat energy saved in a pre-retrofit one-pipe heating system is compared with that in a post-retrofit one-pipe heating system at a target space temperature of around 71°F, it is observed that the post-retrofit system demonstrates significant fuel saving figures over the lifetime of the TRV with a positive payback, especially with existing space temperatures above 75°F.

Further, the report states that one of the major factors hindering the growth of this market is high installed cost of TRVs. The cumulative cost of an installed TRV is high, which is one of the main deterrents to their adoption in several regions such as North America.

Companies Mentioned

Caleffi, Danfoss, Drayton, Honeywell International, GIACOMINI U.K., I.V.A.R., IMI Hydronic Engineering, MYSON, Oventrop, Pegler Yorkshire, and Siemens.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Energy and cost saving using TRVs
      • Table Global TRVs by product type 2016-2021
      • Table Global TRVs by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global thermostatic radiator valve market
    • Market size and forecast
      • Table Global thermostatic radiator valve market 2016-2021 ($ millions)
      • Table Residential boiler sales in Europe 2015 and 2020 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global TRV market by product type 2016 and 2021 (%)
    • Self-operate TRVs
      • Table Global self-operate TRVs market 2016-2021 ($ millions)
    • Electronic TRVs
      • Table Global electronic TRVs market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global thermostatic radiator valve market by geography
      • Table Global thermostatic radiator valve market by geography 2016-2021 ($ millions)
    • EMEA
      • Table Thermostatic radiator valve market in EMEA 2016-2021 ($ millions)
      • Table Factors affecting the increasing penetration of heat pumps
    • Americas
      • Table Thermostatic radiator valve market in Americas 2016-2021 ($ millions)
      • Table Residential boiler model availability in US 2009 and 2015 (number of units)
      • Table Penetration of boiler used for space heating in US household 1995 to 2014
    • APAC
      • Table Thermostatic radiator valve market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Fuel saving and payback with TRV in a one-pipe system
      • Table Construction developments in Europe by market segments YoY 2014-2017 (%)
      • Table Housing starts in US January-2015 to November-2015
      • Table Energy and cost saving targets of EU by the year 2030 and 2050
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Installed cost estimates for the three TRVs systems
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Rapid influx of smart TRVs in the market
    • Integration with home automation and growth of home automation market
      • Table Global home automation system market 2016-2021 (thousands of units)
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Caleffi
      • Table Caleffi: Product categories
      • Table Caleffi: TRV product portfolio
    • Danfoss
      • Table Danfoss: Product portfolio
      • Table Danfoss: TRV product portfolio
    • Drayton
      • Table Drayton: Product categories
      • Table Drayton: TRV product portfolio
    • Honeywell International
      • Table Honeywell International: Business segmentation
      • Table Honeywell International: TRV product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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