Radiant Heating and Cooling Systems Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Radiant heating and cooling systems are systems used in regulating the heat of a building through circulation of water and air through the buildings walls and floors. They circulate hot air from flue gases under the building floors or in the walls. They can efficiently exchange almost 50% of heat generated by radiation or convection with the surrounding environment.
The systems have electric and hydronic segments. The hydronic segment has the largest market share as it drives more heat and has low operating costs. The EMEA region is the market dominant followed by Americas and APAC. With smart home concepts gaining popularity due to improved consumer lifestyles, residential and real estate sectors are developing smart homes for consumers. Smart homes use advanced sensors that can incorporate various applications including radiant heating and cooling systems.
In 2019, the Cold Tube experiment was performed in Singapore by Forrest Meggers, an assistant architecture professor, the Andlinger Center for Energy and the Environment, and a team of researchers. The experiment included a cold tube that was built outdoors to demonstrate that radiant cooling could be effective and far more efficient energy-wise compared to cooling using large volumes of air.
The radiant heating and cooling systems are applied in residential and commercial sectors.
Radiant Heating and Cooling Systems Market Growth and Trends
Driving factors for the industry :
• A major key factor driving the growth of the radiant heating and cooling market is the growing need for energy-efficient cooling and heating systems. Both the resident and commercial users prefer radiant heating and cooling systems over the ordinary ones because of their low operating expenses, focusing on the development of innovative products that reduce the consumption of energy as well as balancing the high cost of energy. Radiant systems can efficiently perform heating and cooling functions through radiation, are energy efficient, cost effective, more productive and achieve high energy efficiency specially in buildings.
• Growing technological advancements like the ‘smart home’ concept has gained much popularity recently. Consumers with disposable income focus on equipping their homes with energy efficient and high -end safety products to ensure a good living experience for them and their family. This is expected to act as a key driver for the growth of the overall radiant heating and cooling market during the forecast period.
• Advanced technological implementation in radiant heating and cooling systems like introduction of IOT (Internet Of Things) sensors ,which are more efficient and reduces human error, is expected to boost the demand and growth of the market to achieve newer milestones in the next few years.
• Government is spreading awareness and is inclined towards production of sustainable and environment friendly projects, the environment-friendly residential projects or modern green buildings are adopting various new technologies as energy-efficient systems which include energy storage, heat pumps, and other radiant heating and cooling systems.
• High demand and increasing adoption of technology in the radiant heating and cooling market to capture the maximum market share is expected to boost the demand for these systems over the forecast period and in turn helping to grow the radiant heating and cooling system market on a large scale over the years. Green products and completely automated systems are target trends for the radiant heating and cooling system market in the coming future.
• Asia Pacific region is anticipated to dominate the global market over the forecast period owing to higher industrialisation and growing demand of the radiant heating and cooling system in the region.
Challenges for the industry :
• However, the high cost related with the installation and maintenance of radiant heating and cooling systems is a major factor that is estimated to hamper the cooling system market in the near future.
• In addition to the above, the radiant heating and cooling market also face challenges related to retrofit, that is addition of newer and better technology, and repair of systems.
Radiant Heating and Cooling Systems Market Regional Analysis
Radiant Heating and Cooling Systems Market Share and Competition
Key companies operating in this industry are: Danfoss Group, Emerson Electric Co., Radiant Cooling Corporation, Uponor Oyj, MrPEX Systems, REHAU, and Zehnder Group AG.
Radiant Heating and Cooling Systems Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Capillary Surface Systems
• Embedded Surface Systems
• Radiant Panels
• Thermally Active Building Systems
Technology Analysis (Revenue, USD Million, 2020 - 2027)
• Hydronic
• Electric
End-user Analysis (Revenue, USD Million, 2020 - 2027)
• Residential
• Commercial
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Radiant Heating and Cooling Systems Market Companies
• Danfoss Group
• Emerson Electric Co.
• Radiant Cooling Corporation
• Uponor Oyj
• MrPEX Systems
• REHAU
• Zehnder Group AG
Available Versions: -
United States Radiant Heating and Cooling Systems Market Research Report
Europe Radiant Heating and Cooling Systems Market Research Report
Asia Pacific Radiant Heating and Cooling Systems Market Research Report
India Radiant Heating and Cooling Systems Market Research Report
