Hydronic Control Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Hydronic Control Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Chemical & Materials | PPT format

Report Digest


Hydronics or a hydronic system is a medium used for transferring heat from liquid in heating and cooling systems. Growing need for efficient and error-free control system to maintain temperature in large spaces has led to surge in the demand for hydronic controls in the recent years. While a hydronic heating system is one of the most comfortable ways to condition a living area or home, it needs to be paired with appropriate controls for proper functioning. Moreover, hydronic controls help improve performance, comfort, and longevity of the overall system. Rapid infrastructural development along with need for efficient use of energy in buildings is deemed to be a key factor influencing the development of hydronic control market.

Hydronic Control Market – Notable Developments

  • In March 2018, Danfoss, a key player in the hydronic control market, added two high-proportional valves, PVG 128 and PVG 256, in its PVG portfolio with a goal to expand its flow capability range from low to high for OEM customers with demanding applications.
  • In 2017, Siemens developed RDS110, a new smart thermostat for residential heating control which can be installed and be controlled through a mobile phone app. It provides control and operations of heating applications which also fits into any interior.

Some of the most prominent competitors operating in the competitive landscape of hydronic control market include –

  • Siemens
  • Johnson Controls
  • Schneider Electric
  • Belimo
  • Caleffi
  • Armstrong
  • Reflex
  • Xylem
  • Danfoss
  • Honeywell
  • IMI plc
  • Giacomini
  • Flamco
  • Oventrop
  • Tekmar Controls Systems
  • Spirotech

Hydronic Control Market Dynamics

Development of construction market, especially in developing countries, along with the emerging trends of automation in residential, commercial, and industrial spaces has been influencing a promising growth of the hydronic control market. Rise in the number of public-private partnership (PPP) projects as well as construction projects such as expansion of airports in various regions across the globe are fueling the construction sector, which in turn drives the adoption of several hydronic control equipment.

With penetration of smart cities and rising awareness regarding environmental issues and energy efficient standards, key market players of hydronic control are focusing on product innovations and implementation of advanced technologies to meet increasing sustainable requirements. Moreover, several government organizations are adopting effective policies related to energy consumption to construct energy-efficient buildings which is anticipated to create lucrative opportunities for players in hydronic control market.

While use of hydronic control soars in industry sector across production areas, control rooms, warehouses, administration offices, distribution centers which help maintain the water temperature, high cost associated with installation and lack of skilled labor may impede the growth of hydronic control market. In addition, lack of awareness of the benefits of these systems may hinder the overall market growth.

North America to Witness Significant Hydronic Control Market Growth

Due to remarkable growth in construction as well as renovation of old residential and commercial buildings in North America, hydronic control market is likely to gain high traction in the region. Further, rising incorporation of IoT and AI technology for smart housing will possibly an important factor to accelerate the growth of North America hydronic control market. Stringent government regulations toward water quality and environmental safety is also predicted to complement the future expansion of hydronic control market.

Hydronic Control Market Segmentation

On the basis of equipment, the hydronic control market can be segmented as:

  • Control Panels
  • Valves
  • Flow Controllers
  • Actuators
  • Others

On the basis of installation type, the hydronic control market can be segmented into:

  • Retrofit Installation
  • New Installation

On the basis of end-use sector, the hydronic control market can be segmented as:

  • Industrial
  • Commercial
  • Residential

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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