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Hydronic Control Market Size
Hydronic Control Market is expected to register commendable growth from 2024 to 2032, owing to the increased cognizance of the benefits of hydronic heating systems, such as high durability, low-temperature operation, and cost-effectiveness.
The escalating requirement for ventilation, especially during the coronavirus pandemic, and the subsequent rise in the adoption of HVAC systems to lower the concentration of indoor air contaminants are the key trends bolstering the hydronic control industry share.
In November 2023, to enhance the sustainability and energy performance of big residential, commercial, and multi-unit residential structures, ABB Smart Buildings and Samsung C&T Corporation Engineering & Construction Group have a fresh global pact. This collaboration aimed to provide comprehensive building automation, dependable energy distribution, and effective energy management solutions.
In addition, increasing investments toward expanding the existing residential and commercial infrastructure, coupled with rapid technological innovations and the construction of smart buildings will fuel the deployment of hydronic heating flow control systems over the next ten years.
Hydronic Control Market Trends
The hydronic control industry is witnessing notable trends driven by advancements in smart technology and increasing emphasis on energy efficiency. The hydronic HVAC systems are being integrated with IoT and automation technologies. Moreover, stringent regulations and incentives promoting sustainable practices are influencing market dynamics. There's also a growing preference for wireless and cloud-based control solutions, enhancing convenience and scalability. Additionally, the rising adoption of renewable energy sources such as solar thermal systems is reshaping market landscape.
Hydronic Control Market Analysis
Based on components, the actuators segment is projected to witness decent expansion through 2032 owing to the focus to enhance operational efficiency and cut down on human intervention. This has escalated the inclination of several industries toward automated processes and machinery. The flourishing industrial automation trends, in tandem with the increasing deployment of advanced machines and equipment across the manufacturing sector, will propel the demand for actuators in the foreseeable future.
The residential application segment of the market is poised to attain a sizeable valuation by 2032, attributed to the mounting installation of HVAC equipment across residential facilities. According to the Air Conditioning, Heating, and Refrigeration Institute (AHRI), commercial gas storage water heater shipments increased 6.3 percent in December 2023, to 7,448 units, up from 7,007 units shipped in December 2022. The strong revival of residential building activities in developing economies, mainly driven by supportive government policies and sustained housing demand, will further drive segment growth.
North America hydronic control market is estimated to showcase an appreciable CAGR between 2024 and 2032. The regional growth can be credited to the strong presence of leading hydronic control manufacturers and the consistent expansion of the existing residential, commercial, and industrial infrastructure. Furthermore, the escalating smart housing projects and the stringent environmental safety norms will create favorable growth scenario for the regional industry.
Hydronic Control Market Share
Major players functioning in the market include:
- Honeywell International Inc.
- Schneider Electric SE
- Flamco Group
- Johnson Controls International
- Caleffi S.p.A
- IMI plc
- Reflex Winkelmann GmbH
- Armstrong Fluid Technology
- Spirotech
- Giacomini S.P.A
- Siemens AG
- Xylem Inc.
- Oventrop Corporation
- BELIMO Holding AG
- Danfoss
These companies are introducing new products and entering partnerships and collaborations.
Hydronic Control Industry News
- In January 2021, Danfoss unveiled its RAS-B2 Danfoss Dynamic Valve, designed specially to enable simple and fast hydronic dynamic balancing and help installers document, record, and calculate the radiator flow on their tablets and smartphones.