$ 1.3 Bn Growth Opportunity in Hydronic Systems Market 2021-2025 | 5.3% YOY Growth Expected in 2021 Amid Pandemic | Technavio

NEW YORK, Oct. 5, 2021 /PRNewswire/ — The global hydronic systems market is expected to grow by USD 1.30 billion,…

NEW YORK, Oct. 5, 2021 /PRNewswire/ — The global hydronic systems market is expected to grow by USD 1.30 billion, accelerating at a CAGR of about 7% during the forecast period. The market is driven by the growing need for energy-efficient cooling and heating systems and increase in construction activities worldwide is one of the major factors propelling the market growth. However, high upfront costs and the increased adoption of inorganic refrigerants will challenge the market growth.

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Hydronic Systems Market: Technology Landscape

By Technology, the market witnessed maximum growth in the heating segment in 2020. The market growth in the segment is expected to be significant during the forecast period.

Hydronic Systems Market: Geographic Landscape

By geography, Europe is going to have lucrative growth during the forecast period. About 41% of the market’s overall growth is expected to originate from Europe. Russian Federation and Germany are the key markets for hydronic systems in Europe.

View key highlights about the global trends impacting the future of the Hydronic Systems Market

Companies Covered:

  • Bindus Manufacturing LLC
  • Johnson Controls International Plc
  • Mitsubishi Electric Corp.
  • Modine Manufacturing Co.
  • REHAU AG + Co
  • Robert Bosch GmbH
  • Schneider Electric SE
  • SPX Corp.
  • Uponor Corp.
  • Watts Water Technologies Inc.

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Hydronic Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of about 7%

Market growth 2021-2025

$ 1.30 billion

Market structure

Fragmented

YoY growth (%)

5.30

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 41%

Key consumer countries

US, Russian Federation, Canada, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bindus Manufacturing LLC, Johnson Controls International Plc, Mitsubishi Electric Corp., Modine Manufacturing Co., REHAU AG + Co, Robert Bosch GmbH, Schneider Electric SE, SPX Corp., Uponor Corp., and Watts Water Technologies Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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