Hydronic Control Market Size is expected to register commendable growth from 2021 to 2027, owing to the strong awareness about the benefits of hydronic heating systems, such as high durability, low-temperature operation, and cost-effectiveness. Furthermore, the rapid technological innovation and the rising construction of smart buildings will augment the demand for hydronic flow control valves for automated heating and air conditioning systems. A hydronic system refers to a cooling and heating system that can transfer heat by circulating a fluid via a closed system of pipes. Hydronic controls significantly ensure the accurate control of the radiant heating systems for maximum efficiency and comfort. Several devices used in the hydronic heating control systems include conventional boilers, zone valves, and heat pumps.
Growing need for ventilation, especially during the coronavirus pandemic, and the subsequent rise in adoption of HVAC systems are the key trends bolstering the hydronic control market share. HVAC and ventilation systems are installed with an aim to lower the concentration of indoor air contaminants, bolstering the demand for heat pumps and other hydronic control products to operate such systems. In addition, a considerable increase in investment towards residential and commercial infrastructure projects is projected to fuel the deployment of hydronic heating flow control systems during the forecast timeline.
Residential is anticipated to emerge as a key application segment for the hydronic control market by 2027, on account of the mounting installation of HVAC equipment across this sector. According to Aeroseal’s data, the shipments of residential storage heaters has surged by nearly 20% over the past 5 years, which could boost the need for hydronic heating control equipment. Growth from the segment will further be escalated by the strong revival of residential building activities in the developing economies, mainly driven by supportive government policies and sustained housing demand.
The Latin America hydronic control market will depict a high growth rate through 2021-2027. This is a result of the increasing number of high-rise buildings and the introduction of smart city projects in countries like Brazil. For example, Planet Smart City has started four new projects in the country, namely Viva!Smart, Smart City Aquiraz, Smart City Natal, and Smart City Laguna, which could, in turn, proliferate the adoption of heating systems and hydronic controls for smart buildings in the region.
Major players functioning in the global market include Honeywell International Inc., Schneider Electric SE, Flamco Group, Johnson Controls International, Caleffi S.p.A, IMI plc, Reflex Winkelmann GmbH, Armstrong Fluid Technology, Spirotech, Giacomini S.P.A, Siemens AG, Xylem Inc., Oventrop Corporation, BELIMO Holding AG, and Danfoss. These companies are introducing new products and entering mergers and acquisition deals, among other strategies to boost their stance across the global market. For instance, in January 2021, Danfoss unveiled its RAS-B2 Danfoss Dynamic Valve, designed specially to enable simple and fast hydronic dynamic balancing and help installers document, record, and calculate the radiator flow on their tablets and smartphones.
COVID-19 to Assert Impact on Hydronic Control Market Trends:
The deadly coronavirus outbreak has created shockwaves across the global economy and disrupted industrial as well as commercial sectors. Due to the implementation of lockdowns, commercial property, including office spaces, has faced significant challenges from the crisis. According to Altus Group’s survey, the pandemic has facilitated a shift of over 86% of the surveyed employees towards remote working, which could limit installation of heating systems in commercial spaces, potentially hampering overall industry growth. However, the rising focus on maintaining optimum indoor environment quality and sustainability at homes may contribute to the demand for HVAC systems, thus amplifying the deployment of hydronic control systems in the near future.
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