Since humans learned how to use fire, they have invented heating methods such as heated kang, stove, fire wall, and fire ground to resist the threat of cold to their survival. These are the earliest heating equipment and systems, some of which are still being used today. Today, heating equipment and systems have made significant progress in improving human comfort and hygiene, enhancing equipment aesthetics and dexterity, enabling automatic control of systems and equipment, diversifying system forms, and effectively utilizing energy.

A radiator is a heating device mainly used for heating, usually made of metals such as copper, aluminum, steel, etc. It has many different shapes and sizes and can be used for houses of different sizes and types. Radiators distribute heat indoors through heat transfer, bringing the indoor temperature within a comfortable range.

In the cold northern regions during winter, radiators are the main heating equipment. Previously, cast iron radiators were commonly used, but now more materials of radiators have been developed, such as steel radiators, steel plate radiators, copper aluminum composite radiators, aluminum radiators, etc. The new type of radiator is superior to cast iron radiators in both material and manufacturing process, becoming the most mainstream radiator in the market.

According to the "Analysis of the Competitive Landscape and Development Prospects of China's Warm Air Heater Industry from 2023 to 2028" released by China Research Institute Puhua Industry Research Institute, it is shown that:

Heating is a basic living need for urban and rural residents in cold regions, which is less affected by economic cyclical fluctuations but exhibits regional and seasonal characteristics. Heating enterprises and related public service facilities are mainly concentrated in northern regions. China has a vast territory and a large population, with 90% of the total land area occupied by cold regions and hot summers and cold winters, and 60% of the population. These areas are densely populated, and radiators are more suitable for modern people's living concepts and fast-paced lifestyles, which will bring great convenience to people.

The main source of energy for traditional heating is fossil fuels, which not only meet heating needs but also cause certain pollution problems. With the development of technology, low-grade heat sources such as geothermal and industrial waste heat are gradually being utilized, and green energy heating technologies such as solar and wind energy are becoming increasingly mature. The research and utilization of new energy heating technologies will play an important role in achieving energy conservation, consumption reduction, and emission reduction goals in the industry.

According to the Clean Heating Industry Committee, as of the end of 2022, the total heating area in northern China was 23.8 billion square meters, with a clean heating area of 17.9 billion square meters and a clean heating rate of 75%.

Market Status Analysis and Future Opportunity Prediction of the Heating Industry in 2024

Implementing centralized heating in cities can improve energy efficiency, reduce air pollution, dismantle small boiler rooms, save costs, manage reasonably, facilitate scientific management, and improve heating quality. The centralized heating project is an infrastructure project in urban construction, an important symbol of urban modernization, and an important measure for the rational allocation and utilization of national energy.

From the perspective of national urban central heating fixed assets investment, the amount of investment in urban central heating in China fluctuated to a certain extent from 2016 to 2021. The amount of investment in 2017 was the highest in recent years, reaching 58.42 billion yuan. The amount of investment in the past two years was relatively stable. The amount of investment in 2021 was 39.73 billion yuan, an increase of 0.89% over the previous year. The number of enterprises in the heating industry increased year by year. According to statistics, the number of industrial enterprises above the designated size in China's power, heat production and supply industries in 2021 was 10372, an increase of 5.55% over the previous year.

The building area in our country has been increasing year by year, and the overall level of building energy efficiency is relatively low. China lacks heating regulation measures, with frequent occurrences of excessive and insufficient heating, low energy utilization efficiency, and multiple aspects of heat loss. The heating energy structure should develop towards a green direction, and green, low-carbon, and intelligent is the future trend of electric heating.

With people's increasing demand for indoor comfort, the radiator industry is gradually developing and growing. Driven by the urbanization process and the improvement of residents' living standards, the demand for radiator products continues to increase. The annual output value of China's radiator industry has exceeded 10 billion yuan, and the market size continues to grow.

Consumers' demand for interior decoration is constantly increasing, and radiators, as part of interior decoration, will develop towards diversified design and material applications to meet consumers' personalized and aesthetic needs.

Affected by factors such as increased investment in infrastructure, accelerated urbanization, and sustained growth in heating demand, China's centralized heating industry has experienced rapid development in recent years, with stable growth in heating area and quantity. With the continuous improvement of residents' living conditions and the increasing awareness of energy conservation and environmental protection, the area of centralized heating in China is expected to further expand.

With the increase of urbanization rate, the area of new urban areas continues to expand, and the heating area in the north continues to increase; At the same time, with the improvement of residents' living standards, the heating market in the south is gradually opening up, providing emerging growth points for the heating industry. According to the forecast, by 2030, the number of household heating users in southern China will reach 65.77 million, and the number of regional heating users will reach 32.46 million, which will drive the consumption of Chinese residents by 33 billion yuan and 90.5 billion yuan respectively.