Market Overview:
The global hydronic control system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient heating and cooling systems, growing awareness about green buildings, and rising investments in smart cities. The hydronic control system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into actuators, valves, flow controllers, control panels, and others. On the basis of application, the market is segmented into residential buildings commercial buildings industrial buildings Others (government & institutional building).
Product Definition:
A hydronic control system is a system used to control the flow of water in a hydronic heating or cooling system. The importance of a hydronic control system is that it allows for the precise regulation of water temperature and flow, which helps to ensure efficient and effective heating or cooling.
Actuators:
Actuators are the heart of any hydronic heating and cooling control system. They are responsible for opening and closing valves that allow or prevent water from entering or leaving a building. The demand for actuators is expected to grow at a significant rate over the forecast period owing to its usage in various applications such as fire protection, plumbing, HVAC (heating, ventilation & air conditioning), waste treatment plants, chemical processing industries and oil extraction facilities among others.
Valves:
Valves are used in hydronic control systems to regulate flow. They can be manual, semi-automatic or automatic. The most commonly used valves are the ones that allow water to pass through in one direction and prevent it from flowing back into the system.
The main function of a valve is to control the pressure inside a closed pipe or channel so that only certain amount of fluid can enter at any given time.
Application Insights:
The commercial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. Hydronic control systems are widely used in commercial applications, such as data centers, hospitals, educational institutions and government buildings among others. These systems are compact in nature as they do not require a large space for installation; thus they can be installed even in small office spaces or residential apartments with ease.
Hydronic controls offer precise temperature regulation with no need for air conditioning during summer months or heating during winter season which saves energy cost and maintenance cost respectively. Furthermore, these systems have an aesthetic appeal owing to their smooth lines and minimalistic design which makes them suitable even for small office interiors while offering all modern amenities including temperature regulated environment required by employees at workplace without compromising on aesthetics either!.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand from end-use industries, such as HVAC & refrigeration and water heating. The growing industrial sector in emerging economies of Asia Pacific including China and India will drive the market growth. Furthermore, favorable government initiatives for promoting new construction projects are also anticipated to boost product demand in this region.
The Middle East & Africa is projected to grow at a significant rate over the forecast period owing to rising investments in infrastructure development by various governments across countries such as Saudi Arabia and UAE. In addition, rapid urbanization coupled with increasing population will further propel industry growth over next eight years.
Growth Factors:
- Increasing demand for energy-efficient systems: The global market for hydronic control systems is expected to grow at a CAGR of over 7% from 2016 to 2024, owing to the increasing demand for energy-efficient systems across the world.
- Growing popularity of green buildings: The market for hydronic control systems is also expected to benefit from the growing popularity of green buildings, as these systems help in conserving energy and reducing greenhouse gas emissions.
- Rising investments in infrastructure development: Governments around the world are investing heavily in infrastructure development, which is likely to create opportunities for growth in the hydronic control system market during the forecast period.
- Proliferation of smart homes: With technological advancements and rising consumer awareness about benefits offered by smart home technologies, there has been a proliferation of smart homes across different regions worldwide in recent years. This is another major factor that is anticipated to drive growth in the global hydronic control system market during the forecast period. 5) Growing adoption of district heating and cooling solutions: District heating and cooling (DHC) solutions offer several advantages over traditional centralized heating or cooling methods such as reduced emissions and improved efficiency levels; this has led to an increase in their adoption globally, thereby providing immense potential growth opportunities for players operating in this space
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydronic Control System Market Research Report
By Type
Actuators, Valves, Flow Controllers, Control Panels, Others
By Application
Residential, Commercial, Industrial
By Companies
Danfoss, Siemens, Johnson Control, Honeywell, Schneider Electric, IMI PLC, Belimo, Giacomini, Caleffi, Flamco, Armstrong Fluid Technology, Oventrop, Reflex Winkelmann, Spirotech, Xylem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Hydronic Control System Market Report Segments:
The global Hydronic Control System market is segmented on the basis of:
Types
Actuators, Valves, Flow Controllers, Control Panels, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danfoss
- Siemens
- Johnson Control
- Honeywell
- Schneider Electric
- IMI PLC
- Belimo
- Giacomini
- Caleffi
- Flamco
- Armstrong Fluid Technology
- Oventrop
- Reflex Winkelmann
- Spirotech
- Xylem
Highlights of The Hydronic Control System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Actuators
- Valves
- Flow Controllers
- Control Panels
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydronic Control System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hydronic control system is a type of heating, ventilation and air conditioning (HVAC) system that uses water as the primary heat transfer medium.
Some of the major companies in the hydronic control system market are Danfoss, Siemens, Johnson Control, Honeywell, Schneider Electric, IMI PLC, Belimo, Giacomini, Caleffi, Flamco, Armstrong Fluid Technology, Oventrop, Reflex Winkelmann, Spirotech, Xylem.
The hydronic control system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydronic Control System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydronic Control System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydronic Control System Market - Supply Chain
4.5. Global Hydronic Control System Market Forecast
4.5.1. Hydronic Control System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydronic Control System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydronic Control System Market Absolute $ Opportunity
5. Global Hydronic Control System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydronic Control System Market Size and Volume Forecast by Type
5.3.1. Actuators
5.3.2. Valves
5.3.3. Flow Controllers
5.3.4. Control Panels
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydronic Control System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydronic Control System Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydronic Control System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydronic Control System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydronic Control System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydronic Control System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydronic Control System Demand Share Forecast, 2019-2026
9. North America Hydronic Control System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydronic Control System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydronic Control System Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydronic Control System Market Size and Volume Forecast by Type
9.7.1. Actuators
9.7.2. Valves
9.7.3. Flow Controllers
9.7.4. Control Panels
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydronic Control System Demand Share Forecast, 2019-2026
10. Latin America Hydronic Control System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydronic Control System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydronic Control System Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydronic Control System Market Size and Volume Forecast by Type
10.7.1. Actuators
10.7.2. Valves
10.7.3. Flow Controllers
10.7.4. Control Panels
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydronic Control System Demand Share Forecast, 2019-2026
11. Europe Hydronic Control System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydronic Control System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydronic Control System Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydronic Control System Market Size and Volume Forecast by Type
11.7.1. Actuators
11.7.2. Valves
11.7.3. Flow Controllers
11.7.4. Control Panels
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydronic Control System Demand Share, 2019-2026
12. Asia Pacific Hydronic Control System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydronic Control System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydronic Control System Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydronic Control System Market Size and Volume Forecast by Type
12.7.1. Actuators
12.7.2. Valves
12.7.3. Flow Controllers
12.7.4. Control Panels
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydronic Control System Demand Share, 2019-2026
13. Middle East & Africa Hydronic Control System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydronic Control System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydronic Control System Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydronic Control System Market Size and Volume Forecast by Type
13.7.1. Actuators
13.7.2. Valves
13.7.3. Flow Controllers
13.7.4. Control Panels
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydronic Control System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydronic Control System Market: Market Share Analysis
14.2. Hydronic Control System Distributors and Customers
14.3. Hydronic Control System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Danfoss
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Johnson Control
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. IMI PLC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Belimo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Giacomini
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Caleffi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Flamco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Armstrong Fluid Technology
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Oventrop
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Reflex Winkelmann
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Spirotech
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Xylem
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
