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Radiant Cooling and Heating System Market Share
In 2023, dominant companies include Uponor Corporation, Roth Werke GmbH, Zehnder Group AG, and Viega. These companies together account around 40% of the market share in the year 2023 and are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. Driven by a commitment to innovation, these companies continuously reinvest in R&D, refining designs and integrating cutting-edge technologies to maintain their competitive edge.
Radiant Cooling and Heating System Market Companies
Major companies operating in the radiant cooling and heating system industry include:
- Roth Werke GmbH
- Uponor Corporation
- Viega
- Zehnder Group AG
Why is hydronic technology gaining traction in the radiant cooling and heating system industry?
The hydronic segment held a total market share of 59.7% in 2023, as these systems use water as the heating or cooling medium, circulating it through panels, pipes, or radiators.
Why is North America emerging as a lucrative growth avenue for radiant cooling and heating system market players?
North America region held 36.5% of the total market share in 2023, attributed to the heightened focus of governments on promoting clean heating and cooling systems, coupled with a widespread embrace of modern HVAC tools.
Who are the main contenders in tackifier industry?
Roth Werke GmbH, Uponor Corporation, Viega, Zehnder Group AG are some major industry contenders.
What is value of radiant cooling and heating system market?
The market size of radiant cooling and heating system reached USD 2.07 billion in 2023 and is poised to observe 4.6% CAGR from 2024 to 2032, as they transfer heat directly to objects and surfaces in a room, including people, walls, floors, and furniture.