Global Hydronic Control Market to Exhibit Impressive Growth during 2019-2026 with Key Vendors like C
Data Bridge Market Research has recently added a concise research on Global Hydronic Control Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are CAREL INDUSTRIES, Grainger Inc., Oventrop GmbH & Co. KG, Reflex Winkelmann GmbH, Controlled Hydronics Inc., REHAU Corporation, Uponor Corporation, Bindus Manufacturing Llc, and Watts Water Technologies Inc., Telecom Italia
Definition:
The use of liquids typically water, glycol and mineral oil for heat- transfer medium in heating and cooling system is hydronic and a system so developed for it is all called hydronic system. It can be of two basic type i.e. hot water and chilled water. Both the types require balancing and hence there is a need for hydronic controls. The greater and evolved use of hydronic system can be seen today commonly known as district heating systems, where large cities through underground pipelines provide hot and chilled water to its inhabitants. The growth of the market is mainly driven by need and regulations established for efficient use of energy in buildings and the current booming construction sector. The industrial sector is sought to hold the largest market share. Hydronic Control system account for 46% of the market share in Finland with a network/channel length of 14,920 km. Many recent developments have been made to make the hydronic systems of today more dependable and reliable. We have the E-Dronics System by CAREL INDUSTRIES. Electronic Expansion Valve (EEV Solution) integrated by CAREL INDUSTRIES was successfully installed and analysed at Telecom Italia.
Analysis of Global Hydronic Control Market report:
Global Hydronic Control Market is expected to reach USD 39.24 billion by 2025, from USD 31.46 billion in 2017 growing at a CAGR of 2.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Drivers and Restraints:
- Rising need for usage of energy efficiency in infrastructures.
- Rising awareness of sustainable energy uses.
- Stringent government norms and regulations for energy standards and efficiency.
- High costs for labour and subsequent installations.
- Lack of awareness among masses.
- Lack of technically skilled staffs.
Top Manufacturers Profiles Operating in the Global Hydronic Control Market:
Some of the major players operating in the global hydronic control market are Danfoss, Schneider Electric, Siemens AG, Johnson Controls, IMI Plc, Caleffi S.p.a, Giacomini S.p.A, Belimo Holding AG, Flamco, Spirotech, Honeywell International Inc., IMI Hydronic Engineering Inc etc
Global Hydronic Control Market Segmentation:
- The global hydronic control market is segmented based on equipment type, installation type, sectors, and geographical segments.
- Based on the equipment, the market is further segmented into actuators, valves, flow controllers, control panels, and others.
- Based on installation, the market is further segmented into new installations and retro fit installation.
- Based on sectors, the market is further segmented into residential, commercial and industrial.
- Based on geography the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Competitive Analysis:
The global hydronic control market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydronic control market, Europe, North America, Asia Pacific and South America.
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