- Report ID: BMRC 492 | Number of pages: 195 | Publish Date: Jan 2020
Status: Published | Category: Heavy Industry | Delivery Timeline:
Hydronic Control Market report is segmented on the basis of type, application, end-user and region & country level. Based upon type, hydronic control market is classified as heating cables, heating mats, thermostat and sensors, heating pipes. Based upon application, hydronic control market is classified as residential, commercial, institutional, and industrial. Based upon equipment, global hydronic control market is classified as actuators, valves, flow controllers control panels and others.
Hydronic Control Market is valued at USD 29.72 Billion in 2018 and expected to reach USD 38.32 Billion by 2025 with the CAGR of 3.7% over the forecast period
A Hydronic control system is a heating or cooling system that uses a fluid that is usually reticulated through pipes in a building. The operating fluid is typically water, glycol, or mineral oil. Radiant heating permits for personalized temperature management through the use of multiple zones throughout the home. It is way easier to take care of a balanced wetness level within the home with beamy hydronic control heat as a result it'll not dry out the home. A profit to forced air is that it's the flexibility to quickly raise temperatures, whereas hydronic control heating can be slow with temperature changes due to the use of thermal mass. Examples of this include the fact that the radiant heating heats the entire room evenly, while keeping cover floor warm to walk upon, and not drying out the air. Hydronic control system may include both a chilled and a heated water loop, to provide for both heating and air conditioning. Hydronic control systems are usually connected to a water supply. An automatic valve regulates the amount of water in the system and also prevents backflow of system water into the water supply.
The regions covered in this Global Hydronic Control Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of hydronic control is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
The key players operating in Hydronic Control Market are Danfoss, Spirotech, Reflex, Siemens, Johnson Controls, Honeywell, Oventrop, Schneider Electric, IMI plc., Belimo, Giacomini, Caleffi, Flamco, Armstrong and others.
Growing Need for Energy-Efficient Cooling and Heating Systems is Expected to Foster the Market Growth Within the Forecast Period.
Space cooling in buildings is responsible for 50% or more of residential peak electricity demand, as demonstrated by the daily peaks in Beijing during the summer heat wave of 2017. Increasing cooling demand is impacting power generation and distribution capacity, especially during peak demand periods and extreme heat events. The automotive industry, have already reached the tipping point to Industry 4.0, the construction industry still has generally low levels of automation. That looks set to change, however, as technology advances – in robotics, for instance – open up enormous new possibilities, automated equipment offers great potential along multiple dimensions reduced construction prices, thanks to shorter delivery time and increased productivity; higher quality, due to higher accuracy and fewer workmanship errors; improved safety, by keeping workers out of danger zones, and so on. Thus the increasing need for energy-efficient cooling and heating systems is expected to foster the market growth within the forecast period. However, the lack of awareness about benefits of hydronic control and High cost of skilled labor and installation may hamper the market growth. In spite of that, the rising wave of smart cities and also increasing environmental awareness and energy efficiency standards can provide an opportunity for the further growth of hydronic control market.
North America is Expected to Dominate the Hydronic Control Market.
Geographically, the opportunities available in the hydronic controls market in the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America is expected to account for the largest share of the global hydronic control market within the forecast market. Continuous growth in construction and renovation of residential and industrial buildings are among the main factors fostering the growth of the hydronic control market in this region. Government rules relating to environmental safety and water quality is also supplementing the market growth in this region. Europe is expected to provide significant opportunities for the development of the global hydronic control market within the forecast period owing to the ongoing renovation activities of the old residential and commercial infrastructures and the increasing adoption of in smart housing in this region.
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Hydronic Control Market 2020 by Key Vendors Demand, Development Strategy, Future Trends and Industry Growth Research Report 2025