The analysts forecast the global hydronic systems market to grow at a CAGR of 7.14% during the period 2018-2022.
Hydronic systems are systems that use water as a refrigerant for heating or cooling an enclosed space.
The report covers the present scenario and the growth prospects of the Global Hydronic Systems Market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of hydronic systems in residential and non-residential application segments.
The latest trend gaining momentum in the market is the growing demand for smart homes and the development of smart cities. The smart home concept has gained a lot of popularity lately as consumers look to improving their lifestyles by enhancing convenience through electronic devices. Smart home technologies allow households to connect appliances such as lighting systems, heating and cooling modules, TV sets, computers, and camera systems.
One of the major drivers for this market is the increase in the construction activities worldwide. The residential sector accounts for a significant share in the hydronic systems market. As a result, the growth of residential sector will have a direct impact on the demand for hydronic systems during the predicted period.
The report states that one of the major factors hindering the growth of this market is the high upfront costs. Though the popularity of hydronic systems is surging at a rapid rate, the costs associated with them are expected to pose a challenge for the market growth.
- Bindus Manufacturing
- Johnson Controls
- Schneider Electric
- Watts Water Technologies
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Application
8: Market Segmentation By Technology
9: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers And Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/zvhn2t/global_hydronic?w=4