Dublin, July 10, 2024 (GLOBE NEWSWIRE) -- The "Hydronic Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Hydronic Systems was valued at an estimated US$4.4 Billion in 2023 and is projected to reach US$6.6 Billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The integration of hydronic systems with smart home technology is poised to gain momentum, allowing users to control heating and cooling remotely, optimize energy use, and enhance system efficiency. The development of hybrid hydronic systems that combine multiple heat sources, such as heat pumps and high-efficiency boilers, offers optimized efficiency and performance by switching between energy sources based on availability and cost. The integration of renewable energy sources like solar thermal panels and geothermal heat pumps is becoming more prevalent, reducing reliance on fossil fuels and lowering carbon emissions.
Technological advancements in heat pumps, which now offer increased efficiency and can operate in extreme temperatures, are expanding the application of hydronic systems for both heating and cooling purposes. The focus on zoning and individual room control, which allows users to independently control temperatures in different areas of a building, is gaining popularity, improving comfort and energy efficiency.
There is also growing use of hydronic systems in commercial and industrial applications due to their ability to provide precise temperature control. The trend towards retrofitting and upgrading existing heating and cooling systems with modern hydronic solutions is particularly strong in regions with older buildings, providing significant energy savings and improved comfort.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Heating Technology segment, which is expected to reach US$4.1 Billion by 2030 with a CAGR of a 6.3%. The Cooling Technology segment is also set to grow at 5.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 5.7% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Hydronic Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hydronic Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AirFixture, LLC, Amuheat, B&H Industrial, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 123 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.4 Billion |
| Forecasted Market Value (USD) by 2030 | $6.6 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Hydronic Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Need for Energy Efficiency Propels Hydronic Systems Adoption
- Rising Demand for Sustainable and Green Buildings Expands Addressable Market Opportunity
- Advances in Smart Home Technology Drive Adoption of Hydronic Systems
- Increasing Integration with Renewable Energy Sources Spurs Market Growth
- Technological Innovations in Heat Pumps Strengthen Business Case for Hydronic Systems
- Retrofitting and Renovation Projects Drive Adoption of Hydronic Systems
- Development of Hybrid Hydronic Systems Expands Market Reach
- Advances in Zoning and Individual Room Control Accelerate Market Penetration
- Increased Use in Industrial Applications Highlights Market Versatility
- Growing Emphasis on Reducing Carbon Footprint Spurs Market Demand
- Integration with IoT and Data Analytics Expands Addressable Market
- Increasing Awareness of Indoor Air Quality Issues Drives Adoption
- Evolving Building Codes and Standards Shape Market Trends
- Growing Importance of Energy Conservation Drives Adoption in Commercial Sector
- Expanding Use of Cloud-Based Solutions Strengthens Business Case
FOCUS ON SELECT PLAYERS (Total 39 Featured)
- AirFixture, LLC
- Amuheat
- B&H Industrial
- Baxi North America
- Bindus Manufacturing, LLC (AQUECOIL)
- Danfoss A/S
- Hurlcon Hydronic heating
- Johnson Controls, Inc.
- Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.
- Oventrop (China) HVAC Systems Technology Co., Ltd
- Rehau, Inc.
- Schluter-Systems KG
- Tamas Hydronic Systems, Inc.
- Warmboard, Inc.
- Watts Water Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/5k1ywg
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