Global Hydronic Systems Market | Top Factors Driving the Market | Technavio
LONDON--(BUSINESS WIRE)--Jun 11, 2018--Technavio analysts forecast the to grow at a CAGR of over 7% during the period 2018-2022, according to their latest market research report.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180611005825/en/
Technavio has published a new market research report on the global hydronic systems market from 2018-2022. (Graphic: Business Wire)
In this report, highlights the growing demand for smart homes and the development of smart cities as one of the key emerging trends in the global hydronic systems market. The smart home concept has gained a lot of popularity lately as consumers look to improving their lifestyles by enhancing convenience through electronic devices. The development of smart home is an evolutionary concept in the residential and real-estate sector, which primarily aims to make life more convenient, comfortable, sustainable, secure, and entertaining. These days, smart home technologies that make use of advanced sensors have become affordable and can be used by an average household. Smart home technologies allow households to connect appliances such as lightening systems, heating, and cooling modules, TV sets, computers, and camera systems. By connecting these appliances, homeowners can control these appliances using their smartphones and tablets.
In this report, Technavio analysts highlight the growing need for energy-efficient cooling and heating systems as a key factor contributing to the growth of the global hydronic systems market:
Global hydronic systems market: Growing need for energy-efficient cooling and heating systems
The growing international emphasis on energy conservation has led to the increased demand for hydronic systems. End-users, both residential or commercial, prefer the use of radiant heating or cooling systems in order to cut down on their operating expenses. Since the temperature used in underfloor heating is lower than standard radiators, the heating costs incurred are low. Furthermore, since the heat source is spread throughout the floor, it ensures that the heat is consistently distributed, thus providing a higher level of comfort.
According to a senior analyst at Technavio for research on unit operations, “Energy-efficient hydronic systems allow users to achieve the goals outlined in engineer-to-order building plan. Therefore, among commercial as well as residential end-users, the need to achieve a higher energy efficiency has led to the increased sales of hydronic systems.”
Global hydronic systems market segmentation
This market research report segments the global hydronic systems market into the following applications (residential and non-residential), technology (heating and cooling), and key regions (the Americas, APAC, and EMEA).
EMEA was the leading region for the global hydronic systems market in 2017, accounting for a market share of nearly 52%. By 2022, APAC is expected to register the highest growth.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical segmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180611005825/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: BUILDING SYSTEMS PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 06/11/2018 11:47 AM/DISC: 06/11/2018 11:47 AM