Electronic Thermostatic Radiator Valves Market Size to Grow by USD 3.68 Million, at a CAGR of 8.27% - IMR

Global Electronic Thermostatic Radiator Valves Market size is expected to grow from USD 1.95 Million in 2023 to USD 3.68 Million by 2030, at a CAGR of 8.27% during the forecast period (2023–2030).

The Electronic Thermostatic Radiator Valves (eTRV) Market is a segment within the broader heating, ventilation, and air conditioning (HVAC) industry, focusing on the adoption of advanced control technologies for individual heating systems in residential, commercial, and industrial buildings. Electronic thermostatic radiator valves offer precise temperature control and energy efficiency by regulating the flow of hot water through radiators based on room temperature and occupancy, thereby optimizing heating performance and reducing energy consumption. The Electronic Thermostatic Radiator Valves Market has experienced significant growth in recent years, driven by factors such as increasing awareness of energy efficiency, rising demand for smart home solutions, regulatory initiatives promoting energy conservation, and advancements in HVAC control technologies.

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