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Radiant Cooling and Heating System Market Trends

Report ID: GMI7771
Published Date: Jan 2024
Report Format: PDF

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Radiant Cooling and Heating System Market Trends

Implementation of advanced technologies in radiant heating and cooling systems like introduction of Internet of Things (IoT) sensors which is more efficient and reduces human error, is anticipated to increase the demand and growth of this market. This infusion of smart, connected devices holds the promise of not only modernizing operational processes but also significantly enhancing overall system performance. Additionally, the smart home concept has gained popularity across the globe in the past few years as consumers look forward to improving their lifestyles with the advancement of technology in these systems. The smart home model translates into intelligent climate control solutions that seamlessly adapt to user preferences, weather conditions, and occupancy patterns.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

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.

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.

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.

Roth Werke GmbH, Uponor Corporation, Viega, Zehnder Group AG are some major industry contenders.