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The term ‘hydronic’ refers to the use of water heating or cooling system. In a hydronic radiator, hot or cold water is circulated in the interiors of a building and the heat is emitted into the rooms or the free space with the help of a radiator. It can act as a heater and also in air conditioning device. Hydronic radiator is an essential component in the heat ventilation and air conditioning system (HVAC System). It is also employed as a heat exchanger in different industries in the heating systems.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Technology, Application, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Stelrad Limited, King Electric MFG. Co., Ragaini Radiatori S.p.A., De’Longhi Appliances S.r.L, Jaga N.V., Hub-air Heating and Air Conditioning Pty Ltd., Zehnder Group UK Ltd., Pitacs Limited, Marbel Heating Co., and Robert Bosch (Australia) Pty Ltd. |
COVID-19 scenario analysis:
The COVID-19 pandemic has been affecting all the industries across the world and the hydronic radiators market is no exception.
The growing focus toward more efficient ways for energy management in residential, commercial as well as in industrial areas has acted as a major driver for the growth of the hydronic radiators market. Hydronic radiators are widely used in large scale industrial processes as both heating and cooling system. The dimensions and the type of the system can be customized with using other liquids, apart from water, having different thermodynamic properties. It recovers the energy that has been emitted after a process and utilizes the energy in further processes As a result, not only it increases the energy efficiency but also reduces the usage of natural resources and thereby saving money. This has further increasing the popularity of hydronic radiators leading to its greater demand.
Moreover, the hydronic radiators are an integral part of the HVAC system that regulates and maintains the air quality and temperature in the residential and commercial buildings. The growing demand for energy efficient products and recent technological developments has boosted the hydronic radiator market. Hydronic radiators manufacturer are providing customized systems for different residential and commercial applications. Therefore, application specific radiators are more in demand in the market. Some of the other benefits associated with hydronic radiator are lower cost and easy installation further acts as an added plus specifically in domestic applications. However the growth of electric radiator products having competitive advantages in few areas such as control over irregular heating might restrain the hydronic radiators market. But the lower maintenance cost and the performance of the hydronic radiators is likely to boost the demand across the world.
The market in the European region expected to hold the largest share of the global hydronic radiators market owing to the growth in construction activities and infrastructure developments in the region. Moreover, the stringent regulations on energy efficiency and the policies taken by the European Commission aiming towards 20% growth in energy efficiency in the year 2020 play a major role in the growth of the market. The market in the Asia Pacific region is also expected to grow at a significant rate with the rapid developments in the construction and industrial activities in the emerging economies like India and China.
Key segments covered:
Segments | Sub-segments |
Technology | • Heating System • Cooling System |
Application | • Industrial • Commercial • Residential |
Key benefits of the report:
Key Market Segments
Key Market Players