Water-Based Heating And Cooling Systems Market Report 2024 - Trends and Outlook
The Water-Based Heating And Cooling Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Water-Based Heating And Cooling Systems Global Market Report 2024, The water-based heating and cooling systems market size is expected to see strong growth in the next few years. It will grow to $47.52 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to growing awareness of energy efficiency, stringent environmental regulations, rising demand for sustainable building solutions, urbanization and infrastructure development, government incentives, and rebate programs. Major trends in the forecast period include the integration of renewable energy sources, the integration of smart technologies, the convergence of heating, ventilation, and air conditioning (HVAC) systems with other building technologies, and product innovations.
The increasing construction activities are expected to propel the growth of the water-based heating and cooling systems market going forward. The construction industry encompasses the processes of building, renovating, and maintaining structures and infrastructure, including residential, commercial, and industrial projects. The construction industry is rising due to increasing urbanization, population growth, and government investments in infrastructure development. Water-based heating and cooling systems are required in the construction industry for their energy efficiency, cost-effectiveness, and ability to provide consistent and comfortable indoor climate control in both residential and commercial buildings. For instance, in February 2022, according to the report published by the Office for National Statistics, a UK-based administrative office of the United Kingdom Statistics Authority, the annual construction sector saw a record increase of 12.7% in 2021 compared to the previous year. In December 2021, the monthly construction output volume rose by 2.0%, driven entirely by a 3.5% increase in new work. Therefore, the increasing construction activities are driving the growth of the water-based heating and cooling systems market.
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The water-based heating and cooling systems market covered in this report is segmented –
1) By Component: Heat Pump, Convector Heater, Radiator, Boiler, Chiller, Air Handling Unit (AHU), Cooling Tower, Expansion Tank
2) By Cooling Type: Direct Cooling, Indirect Cooling
3) By Implementation Type: New Construction, Retrofit
4) By End-User: Residential, Commercial, Industrial
Major companies operating in the water-based heating and cooling systems market are developing innovative technology, such as heat pumps, to improve energy efficiency and reduce environmental impact. Heat pumps are a highly efficient technology for heating and cooling buildings that transfer heat rather than generating it and are useful for reducing emissions. For instance, in March 2021, Vaillant, a Germany-based heating and plumbing company, introduced the geoTHERM Perform and aroTHERM Perform. These heat pumps are designed for large new construction and renovation projects on residential and commercial properties. The aroTHERM Perform is available in two models with outputs of 19 and 26 kW and can be cascaded to provide up to 208 kW. On the other hand, the geoTHERM Perform is available in three versions with outputs reaching up to 78 kW and can deliver a heating output of up to 624 kW when cascaded. Both models can maintain flow temperatures of 65 °C even at temperatures as low as -10 °C, making them suitable for cold climates.
The water-based heating and cooling systems market report table of contents includes:
1. Executive Summary
2. Water-Based Heating And Cooling Systems Market Characteristics
3. Water-Based Heating And Cooling Systems Market Trends And Strategies
4. Water-Based Heating And Cooling Systems Market – Macro Economic Scenario
5. Global Water-Based Heating And Cooling Systems Market Size and Growth
…………….
32. Global Water-Based Heating And Cooling Systems Market Competitive Benchmarking
33. Global Water-Based Heating And Cooling Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Water-Based Heating And Cooling Systems Market
35. Water-Based Heating And Cooling Systems Market Future Outlook and Potential Analysis
36. Appendix
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