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Radiant Cooling System Market Share

Report ID: GMI8195
Published Date: Feb 2024
Report Format: PDF

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Radiant Cooling System Market Share

In 2023, dominant market players including Jardine Engineering Corporation (JEC), Giacomini Spa, Danfoss Group, Emerson Electric Co., and Rehau collectively held a substantial 20%-25% market share. The market is highly fragmented. These industry leaders 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. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Radiant Cooling System Market Companies

Major players operating in the radiant cooling system industry are:

Jardine Engineering Corporation (JEC)
Giacomini Spa
Danfoss Group
Emerson Electric Co.
Rehau
Radiana Ltd.
BeKa Heiz
PillarPlus Inc.
Oorja Energy Engineering Services Pvt Ltd
SusPower L.L.C.
Messana Radiant Cooling
MrPEX Systems
Uponor Oyj
Watts Water Technologies Inc.
Zehnder Group AG

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of radiant cooling system was reached USD 2.29 billion in 2023 and is anticipated to register a CAGR of over 5.1% between 2024 and 2032, driven by their ability to offer significant energy savings compared to conventional air conditioning systems.

Existing building/renovation segment held a market share of about 58% in 2023 and is expected to grow significantly till 2032, as retrofitting radiant cooling systems into existing buildings tends to involve less disruption compared to installing it in new constructions.

North America radiant cooling system industry generated a revenue of USD 734 million in 2023 and is expected to grow substantially through 2032, driven by technological innovations and favorable government regulations.

Jardine Engineering Corporation (JEC), Giacomini Spa, Danfoss Group, Emerson Electric Co., Rehau, Radiana Ltd., BeKa Heiz, PillarPlus Inc., Oorja Energy Engineering Services Pvt Ltd, SusPower L.L.C.are some of the major industry contenders.