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Global Hydronic Control Market Growth and its Detail Analysis by Top Key players like Grainger, Oventrop, Reflex Winkelmann, Controlled Hydronics, REHAU Corporation
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
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.
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.
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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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Find More Reports Related To This Category
Global 3D Motion Capture Market
Global Coreless DC Motors Market
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Hydronic Control Market - Exclusive Outlook On Prominent Trends 2028
Hydronics or a hydronic system is a medium used for transferring heat from liquid in heating and cooling systems. Growing need for efficient and error-free control system to maintain temperature in large spaces has led to surge in the demand for hydronic controls in the recent years. While a hydronic heating system is one of the most comfortable ways to condition a living area or home, it needs to be paired with appropriate controls for proper functioning.
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Moreover, hydronic controls help improve performance, comfort, and longevity of the overall system. Rapid infrastructural development along with need for efficient use of energy in buildings is deemed to be a key factor influencing the development of hydronic control market.
Hydronic Control Market – Notable Developments
Siemens, Johnson Controls, Schneider Electric, Belimo, Caleffi, Armstrong, Reflex, Xylem, Danfoss, Honeywell, IMI plc, Giacomini, Flamco, Oventrop, Tekmar Controls Systems, and Spirotech are among the leading players operating in the hydronic control market.
In March 2018, Danfoss, a key player in the hydronic control market, added two high-proportional valves, PVG 128 and PVG 256, in its PVG portfolio with a goal to expand its flow capability range from low to high for OEM customers with demanding applications.
In 2017, Siemens developed RDS110, a new smart thermostat for residential heating control which can be installed and be controlled through a mobile phone app. It provides control and operations of heating applications which also fits into any interior.
Hydronic Control Market Dynamics
Development of construction market, especially in developing countries, along with the emerging trends of automation in residential, commercial, and industrial spaces has been influencing a promising growth of the hydronic control market. Rise in the number of public-private partnership (PPP) projects as well as construction projects such as expansion of airports in various regions across the globe are fueling the construction sector, which in turn drives the adoption of several hydronic control equipment.
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With penetration of smart cities and rising awareness regarding environmental issues and energy efficient standards, key market players of hydronic control are focusing on product innovations and implementation of advanced technologies to meet increasing sustainable requirements. Moreover, several government organizations are adopting effective policies related to energy consumption to construct energy-efficient buildings which is anticipated to create lucrative opportunities for players in hydronic control market.
While use of hydronic control soars in industry sector across production areas, control rooms, warehouses, administration offices, distribution centers which help maintain the water temperature, high cost associated with installation and lack of skilled labor may impede the growth of hydronic control market. In addition, lack of awareness of the benefits of these systems may hinder the overall market growth.
North America to Witness Significant Hydronic Control Market Growth
Due to remarkable growth in construction as well as renovation of old residential and commercial buildings in North America, hydronic control market is likely to gain high traction in the region. Further, rising incorporation of IoT and AI technology for smart housing will possibly an important factor to accelerate the growth of North America hydronic control market. Stringent government regulations toward water quality and environmental safety is also predicted to complement the future expansion of hydronic control market.
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