Radiant Heating and Cooling Systems Market Is Projected To Witness Vigorous Expansion By 2019 - 2027
Global Radiant Heating and Cooling Systems Market: Introduction
- Radiant heating and cooling systems are used to regulate heat of a building by circulating water or air through building walls and floors. These systems can transfer nearly 50% of heat generated by radiation and convection heat exchange processes.
- The radiant heat system circulates hot air from flue gas under building floors or in walls
- This system can exchange heat with the surrounding environment through convection and radiation.
Global Radiant Heating and Cooling Systems Market: Dynamics
- Rising demand and consumption of energy in different end-user sectors as well as high cost of energy is expected to create multiple issues for users. Manufacturers are focused on the development of innovative products to reduce the consumption of energy and to balance the high cost of energy. For instance, radiant systems can efficiently perform heating and cooling functions through radiation.
- Radiant heating and cooling systems provide uniform energy-efficient heating and cooling. These systems are relatively cost-effective to achieve high levels of energy efficiency of buildings.
- Rising demand for energy-efficient cooling and heating systems is a key factor driving the market
- In the radiant cooling process, chilled water is circulated through floors and beams. The capacity of the radiant cooling system depends on different factors such as floor construction, pipe spacing, fluid flow rates, and insulation.
- In radiant heating process, warm fluid is circulated through pipes or PEX integrated in the floor structure. The radiant heating system provides exceptional comfort at relative low temperatures and hence, it is more cost-effective and energy-efficient for consumers.
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- Technological advancement in radiant heating and cooling systems is expected to boost the demand for these systems and thereby, propel the market in the next few years
- Increasing demand from residential and commercial building as well as advanced technologies associated with the use of radiant heating and cooling systems are key factors that are expected to propel the demand for radiant heating and cooling systems
- Environment-friendly residential projects or modern green buildings are adopting various technologies as energy-efficient systems including thermal energy storage, heat pumps, and radiant heating and cooling systems.
- However, the high cost associated with the installation of radiant heating and cooling systems is a major factor that is estimated to hamper the radiant heating and cooling systems market in the near future
Global Radiant Heating and Cooling Systems Market: Segmentation Analysis
- Based on type, the global radiant heating and cooling systems market can be segmented into capillary surface systems, embedded surface systems, radiant panels, and thermally active building systems
- In terms of technology, the global radiant heating and cooling systems market can be bifurcated into hydronic and electric
- The hydronic segment accounted for a major share of the market in 2018, as hydronic systems drive more heat and incur low operating costs. This segment is projected to maintain its dominance of the global radiant heating and cooling systems market during the forecast period.
- Based on end-user, the radiant heating and cooling systems market can be segmented into residential, commercial, and others
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Europe to Lead Global Market for Radiant Heating and Cooling Systems
- In terms of region, the global radiant heating and cooling systems market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- Europe is likely to dominate the global radiant heating and cooling systems market from 2019 to 2027, followed by North America and Asia Pacific. Developed economies and increasing awareness and adoption of energy-efficient systems in increasing number of modern smart homes especially in developed countries, such as the U.S., in North America are key factors that are likely to drive the radiant heating and cooling systems market in the region in the next few years.
- The radiant heating and cooling systems market in Asia Pacific and Middle East & Africa is expected to expand significantly in the next few years. Consumers in these regions tend to equip their homes with high-end safety and comfort devices and systems to ensure a good living experience. This is expected to propel the radiant heating and cooling market in the next few years.
Key Manufacturers Operating in Market
The global radiant heating and cooling systems market was moderately concentrated in 2018, owing to the presence of several regional and global players who have occupied prominent share of the radiant heating and cooling systems market. These vendors are engaged in offering varied products to end-users and adopt different technologies and strategies to compete in this competitive environment. Key manufacturers operating in the global market are:
- Danfoss Group
- Emerson Electric Co.
- Radiant Cooling Corporation
- Uponor Oyj
- MrPEX Systems
- REHAU
- Zehnder Group AG
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