Market Overview

Global Hydronic Control Market to 2023


Global Hydronic Control Market to 2023

PR Newswire

DUBLIN, Sept. 6, 2018 /PRNewswire/ --

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The "Hydronic Control Market by Equipment (Actuators, Valves, Flow Controllers, Control Panels, and Others), Installation Type (New, Retrofit), Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023" report has been added to's offering.

The hydronic control market is estimated to grow from USD 32.40 billion in 2018 to USD 37.70 billion by 2023, at a CAGR of 3.1% from 2018 to 2023.

The growth of the market is driven by the need for efficient use of energy in buildings, the emergence of the construction market, and the trend of automation in commercial, industrial, and residential sectors in developing countries. Governments across the world adopt various policies related to energy consumption to make energy-efficient buildings.

The implementation of various standards requires the use of efficient hydronic controls as these systems sense the surrounding environment and accordingly operates the hydronic system to provide appropriate heating and cooling of water using minimum energy. Therefore, the increasing demand for efficient use of energy in buildings is driving the market for hydronic controls. The hydronic control market has been segmented into equipment, installation type, sector, and region.

The hydronic control market has been segmented on the basis of equipment into actuators, valves, control panels, flow controllers. The market for actuators is expected to hold the largest size from 2018 to 2023. Companies operating in the hydronic control industry offer various types of actuators such as hydraulic, pneumatic, and electric actuators. The hydraulic actuators consist of a cylinder or a fluid motor that use hydraulic power for carrying out mechanical operations. The mechanical motion gives an output in terms of the linear, rotary, or oscillatory motion of the system. Electric actuators are the most commonly used actuators in control systems. These actuators consist of a motor that converts electrical energy into mechanical motion.

Based on installation type, the market for new installations is expected to hold the largest size of the market during the forecast period. The new installation provides advantages over retrofits for the implementation of hydronic control solutions at early stages. The advantages help in reducing the operational cost required for implementing hydronic control solutions. New installation of hydronic controls helps in achieving ecofriendly operations due to economical use of available resources.

The industrial sector is expected to hold the largest market during the forecast period. The industrial sector includes manufacturing and processing facilities. Energy consumption in industries is higher than that of residential or commercial facilities; however, a significant amount of energy in industrial facilities is used for processing and manufacturing machinery. The adoption of hydronic controls can help in efficiently powering hydronic systems, along with increasing the productivity of the company. Using hydronic controls across warehouses, production areas, administration offices, control rooms, and distribution centers, water temperature can be maintained according to the industrial norms.

Hydronic Control Market

North America is likely to account for the largest share of the overall hydronic control market throughout the forecast period. Continuous growth in construction and renovation of residential and commercial buildings are among the major factors supporting the growth of the hydronic control market, along with the increasing adoption of IoT in smart housing. Government regulations regarding environmental safety and water quality are also among the major drivers for the growth of the hydronic control market in North America.

Factors such as lack of awareness about the benefits of hydronic controls and the high cost of skilled labor and installation hinder the market growth. For instance, in the residential application, the installation cost of all hydronic equipment depends on the size of the home, type of equipment, and SEER value of the equipment. Thus, the requirement of skilled labor, followed by significant installation costs, hinders the implementation and the growth of the hydronic control market.

Siemens (Germany), Danfoss (Denmark), Johnson Controls (Ireland), Honeywell (US), Schneider Electric (France), IMI plc (UK), Belimo (Switzerland), Giacomini (Italy), Caleffi (Italy), Flamco (Netherlands), Armstrong (US), Oventrop (Germany), Reflex (Germany), Spirotech (Netherlands), and Xylem (US) are among the key players in this market that focus on product launches and developments, strategic partnerships, acquisitions, and agreements to increase their revenues.

Key Topics Covered:

1 Introduction

2 Research Methodology

2.1 Research Data
2.1.1 Secondary Data Secondary Sources
2.1.2 Primary Data Primary Sources
2.1.3 Secondary and Primary Research Key Industry Insights Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach Approach for Arriving at the Market Size By Bottom-Up Analysis
2.2.2 Top-Down Approach Approach for Capturing the Market Size By Top-Down Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption

3 Executive Summary

4 Premium Insights

4.1 Hydronic Control Market Opportunities
4.2 Hydronic Control Market, By Equipment
4.3 Hydronic Control Market, By Installation Type
4.4 Hydronic Control Market, By Sector
4.5 Hydronic Market in North America, By Sector and Country (2018)
4.6 Hydronic Control Market, By Geography

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Need for Efficient Use of Energy in Buildings Trend of Automation in Commercial, Industrial, and Residential Sectors in Developing Countries Emergence of Construction Market Boost Adoption of Hydronic Control
5.2.2 Restraints Lack of Awareness About Benefits of Hydronic Controls High Cost of Skilled Labor and Installation
5.2.3 Opportunities Rising Wave of Smart Cities Increasing Environmental Awareness and Energy Efficiency Standards
5.2.4 Challenges Limited Technically Skilled Staff

6 Industry Trends

6.1 Introduction
6.2 Value Chain Analysis
6.3 Regulatory Standards
6.3.1 Montreal Protocol
6.3.2 Kyoto Protocol
6.3.3 Leed Certification

7 Hydronic Control Market, By Equipment

7.1 Introduction
7.2 Valves
7.2.1 Gate Valve
7.2.2 Globe Valve
7.2.3 Ball Valve
7.2.4 Zone Valve
7.2.5 Balancing Valve
7.3 Actuators
7.4 Control Panels
7.5 Flow Controller
7.6 Others

8 Hydronic Control Market, By Installation Type

8.1 Introduction
8.2 New Installation
8.3 Retrofit Installation

9 Hydronic Control Market, By Sector

9.1 Introduction
9.2 Residential
9.3 Commercial
9.3.1 Healthcare
9.3.2 Government
9.3.3 Academic & Institution
9.3.4 Retail
9.3.5 Hospitality
9.4 Industrial

10 Hydronic Control Market, By Geography

10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Russia
10.3.5 The Netherlands
10.3.6 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 South America
10.5.1 Brazil
10.5.2 Chile
10.5.3 Argentina
10.6 RoW
10.6.1 Middle East
10.6.2 Africa

11 Competitive Landscape

11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Situation & Trends
11.3.1 Partnerships, Agreements, and Contracts
11.3.2 Product Launches
11.3.3 Expansions
11.3.4 Acquisitions, Mergers, and Joint Venture

12 Company Profiles

12.1 Key Players
12.1.1 Danfoss
12.1.2 Siemens
12.1.3 Johnson Control
12.1.4 Honeywell
12.1.5 Schneider Electric
12.1.6 IMI PLC
12.1.7 Belimo
12.1.8 Giacomini
12.1.9 Caleffi
12.1.10 Flamco
12.2 Other Key Players
12.2.1 Armstrong Fluid Technology
12.2.2 Oventrop
12.2.3 Reflex Winkelmann
12.2.4 Spirotech
12.2.5 Xylem

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