Dublin, July 10, 2024 (GLOBE NEWSWIRE) — The “Hydro-nic Systems – Global Strategic Business Report” report has been added to ResearchAndMarkets.com.
The global hydronic systems market is estimated at USD 4.4 billion in 2023 and is projected to reach USD 6.6 billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help make informed business decisions.
The integration of smart home technology with hydronic heating systems is gaining momentum, allowing users to remotely control heating and cooling, optimize energy use, and increase system efficiency. The development of hybrid hydronic heating systems that combine multiple heat sources, such as heat pumps and high-efficiency boilers, optimizes efficiency and performance by switching between energy sources based on availability and cost. The integration of renewable energy sources, such as solar thermal panels and geothermal heat pumps, is becoming increasingly popular, reducing reliance on fossil fuels and lowering carbon emissions.
Technological advances in heat pumps have made them more efficient and able to operate in extreme temperatures, expanding the application of hydronic systems for both heating and cooling purposes. There is an increasing emphasis on zoning and individual room controls, which allow the user to control the temperature in different areas of a building separately, improving comfort and energy efficiency.
Hydronic heating systems are increasingly being used in commercial and industrial applications due to the precise temperature control they provide. The trend to retrofit and upgrade existing heating and cooling systems to modern hydronic heating solutions is especially prevalent in areas with older buildings, resulting in significant energy savings and increased comfort.
Key insights:
Market Growth: Understand the significant growth trajectory of the heating technologies segment, which is expected to reach USD 4.1 billion by 2030, at a CAGR of 6.3%. The cooling technologies segment is also expected to grow at a CAGR of 5.3% during the analysis period. Regional Analysis: Gain insights into the US market, estimated to reach USD 1.2 billion in 2023, and the Chinese market, projected to reach USD 1.1 billion by 2030, at a staggering CAGR of 5.7%. Identify the growth trends in other key regions such as Japan, Canada, Germany, and Asia Pacific.
Reasons to buy this report:
Detailed Market Analysis: Access an in-depth analysis of the global Hydronic Systems market covering all major geographical regions and market segments. Competitive Insights: Get an overview of the competitive landscape, including market presence of key companies across various regions. Future Trends and Drivers: Understand the key trends and drivers shaping the future of the global Hydronic Systems market. Actionable Insights: Leverage actionable insights that help you identify new revenue opportunities and make strategic business decisions.
Report highlights:
Comprehensive Market Data: Independent analysis of annual revenue and market forecasts (in USD million) from 2023 to 2030. Detailed Regional Analysis: Detailed insights into key markets such as the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa. Company Profiles: Coverage of key companies such as AirFixture, LLC, Amuheat, B&H Industrial, etc. Free Updates: Receive free report updates for one year to stay abreast of the latest market trends.
Key attributes:
Report AttributesDetailsNumber of Pages123Forecast Period2023 – 2030Estimated Market Value in 2023 (USD)$4.4 billionForecasted Market Value to 2030 (USD)$6.6 billionCAGR5.9%Target RegionGlobal
Market Overview
Influencers Market Insights Global Economic Updates Hydronic Systems – Market Share Percentage of Key Competitors Globally in 2024 (E) Competitive Market Presence – Strong/Active/Niche/Trivial Markets for Global Players in 2024 (E)
Market Trends and Drivers
Increasing need for energy efficiency drives adoption of hydronic systemsRising demand for sustainable and eco-friendly buildings expands market opportunitiesAdvances in smart home technology drive adoption of hydronic systemsIncreasing integration with renewable energy sources drives market growthInnovations in heat pumps strengthen the business case for hydronic systemsRenovation projects drive adoption of hydronic systemsDevelopment of hybrid hydronic systems expands market scopeAdvances in zoning and private room control accelerate market penetrationIncreasing use in industrial applications highlights market versatilityIncreasing focus on reducing carbon footprint drives market demandIntegration with IoT and data analytics expands the addressable marketRising awareness of indoor air quality issues drives adoptionEvolving building codes and standards shaping market trendsRising importance of energy savings drives adoption in commercial sectorGrowing use of cloud-based solutions strengthens the business case
Focus on selected players (39 players in total)
AirFixture, LLCAmuheatB&H IndustrialBaxi North AmericaBindus Manufacturing, LLC (AQUECOIL)Danfoss A/S Hurlcon Hydronic healingJohnson Controls, Inc.Mitsubishi Electric Hydronics & IT Cooling Systems SpAOventrop (China) HVAC Systems Technology Co., LtdRehau, Inc.Schluter-Systems KG Tamas Hydronic Systems, Inc.Warmboard, Inc.Watts Water Technologies, Inc.
For more information on this report, please visit: https://www.researchandmarkets.com/r/5k1ywg
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Global hot water heating system market