Global Snow Melting Systems Market is valued at USD 6.14 Billion in 2021 and is expected to reach USD 10.18 Billion by 2028 with the CAGE of 7.5% over the forecast period.
A snow melting system prevents the build-up of snow and ice on cycleways, walkways, patios, and roadways, or more economically, only a portion of the area such as a pair of 2-foot wide tire tracks on a driveway or a 3-foot center portion of a sidewalk, etc. These systems function even during storms and help to improve safety and eliminate winter maintenance labor including shoveling or plowing snow and spreading de-icing salt or traction grit. It also may extend the life of the concrete, asphalt, or under pavers by eliminating the use of salts or other de-icing chemicals and physical damage from winter service vehicles. Systems are accessible in two broad natures based on heat source: electric resistance heat and heat from combustion or geothermal source delivered hydroponically. Electric snowmelt systems require less maintenance than hydronic snowmelt systems because there are minimal moving parts and no corroding agents. However electric snowmelt systems tend to be much more expensive to operate.
The global snow melting systems market report is segmented on the basis of product, application, and regional & country level. Based on product global, snow melting systems market is classified as hydronic and electric. Based upon application, the global snow melting systems market is classified into residential, commercial, and municipal.
The regions covered in this snow melting systems market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of snow melting systems is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Rapid growth in the adoption of snow melting system systems along with the thriving heating sector is one of the major factors driving the growth of the snow melting systems market. According to the United States Department of Energy, for civil engineering purposes, and considering pipe materials and efficiency, the suggested temperature for snow-melting or de-icing is between 20ºC and 55ºC. However, the high cost of raw materials is expected to restraint market growth during the forecast period. Furthermore, the occurrence of a traffic accidents in the snow and ice, roads in winter is 4-5 times of that in other seasons, which may result in the annual economic loss of tens of millions of dollars, such incidence in several regions creates greater opportunity for the snow melting systems market.
North America is dominating the snow melting systems market owing to the increased comfort consciousness of the homeowners and the increase in the residential construction activity in this region. For instance, in February 2018, the Holland Board of Public Works inaugurated an energy park power plant in Michigan, U.S. costing USD 240 million. The company boasted that a gas-powered combined cycle power unit houses the biggest public snowmelt system in North America. North America is followed by Europe owing to the heavy snowfall in this region which increases the demand for snow melting system and supplements the market growth.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||USD 6.14 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||7.5%|
|Market Size Expected in 2028:||USD 10.18 Billion|
|Tables, Charts & Figures:||175|
|Snow Melting Systems Manufacturers||Uponor, Watts Radiant, Warmquest, Rehau, Cerro Flow Types LLC, HeatTrak, Thermon, Warmup, Britech, Small Tube Types, WarmlyYours, Wieland-Werke AG|
|Segments Covered||By Product Analysis, By Application Analysis|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|