Hydronic Control Market: Global Industry Analysis and Forecast (2022-2029)

Hydronic Control Market size was valued at US$ 35.03 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 3.1% from 2022 to 2029, reaching nearly US$ 44.72 Bn.
Hydronic Control Market Overview:
Hydronic Control Market is expected to reach US$ 44.72 Bn. by 2029. Radiant heating systems with Hydronic Controls are precisely adjusted for maximum comfort and economy. This report focuses on the different segments of the Hydronic Control market (Equipment, Installation Type, Sector, and Region). This report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a comprehensive look at today's rapid advancements in a range of fields. The primary data analysis from 2017 to 2020 is demonstrated through facts and figures, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Hydronic Control are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Hydronic Control market.To Know About The Research Methodology :- Request Free Sample Report
Hydronic Control Market Dynamics:
The development of the construction sector has accelerated the implementation of hydronic control.

Hydronic systems are the foundation of the hydronic controls market. The rise in the construction industry around the world is driving up demand for hydronic controls. The rapid urbanisation of APAC's developing countries has resulted in a tremendous demand for hydronic controls. For example, in India, planned initiatives linked to smart cities, bullet trains, and infrastructural development are driving the growth of the hydronic systems and controls industry. The market for hydronic systems, as well as the market for hydronic controls, is likely to be driven by population growth and urbanisation.

The Middle East's construction sector is expected to be driven by an increasing number of public–private partnership (PPP) projects. The development of the Tarif International Airport in Saudi Arabia is a perfect example of a PPP project, as it involves the construction of an airport capable of handling 5 million passengers per year. Several development projects are underway in Qatar in preparation for the FIFA World Cup in 2022. Construction projects in the UAE that were put on hold owing to the global economic crisis have now been completed. Demand for hydronic systems is surging as a result of the construction boom, boosting the hydronic controls market forward.

Installation and professional labour are both expensive.

The hydronic sector is expected to grow at a rapid speed, but trained labour is needed at all levels of the value chain. To perform properly and avoid failure, hydronic systems require delicate tweaking and specific manufacture of parts during installation. If the installation is not completed by a qualified professional, the end user will either have to spend more in the long term for repairs or the system will not function properly. The system is expected to incur increased expenditures as a result of the need for trained manpower. A number of factors influence the cost of installing hydronic equipment in residential, commercial, and industrial settings. As a result, the hydronic control market's adoption and growth are expected to be hampered by the need for experienced workers, as well as high installation prices.

Environmental awareness and energy efficiency standards are being raised.

Efforts are being undertaken all across the world to save energy and conserve our planet's resources. In recent years, there has been a tremendous growth in public awareness of environmental issues. The race to become more energy efficient is a major motivator, particularly in the new construction industry, where low-carbon legislation is being implemented. The push to achieve zero-carbon buildings and households is expected to increase during the forecast period, indicating the hydronic control market's tremendous development potential. Various new laws are being enacted around the world to encourage the adoption of energy-efficient devices. Infrastructure developers are installing hydronic systems in buildings as a result of growing awareness of energy efficiency in building automation systems, which will help to manage temperature and save energy.

Technically skilled personnel are in short supply.

To ensure that the hydronic control systems work smoothly and have a longer life period, trained and competent employees are necessary for maintenance and repair. The building's systems infrastructure must also be monitored and improved by trained personnel. Furthermore, consumers have issues with proprietary building automation software because these systems can only be repaired by the system vendor's own service experts. Because of the scarcity of such professionals in emergency situations, building owners are hesitant to use hydronic control systems, limiting the market's growth.
Hydronic Control Market Segment Analysis:
The Hydronic Control Market is segmented by Equipment, Installation Type, and Sector.

Based on the Sector, the market is segmented into Residential, Commercial, and Industrial. Industrial sector segment is expected to hold the largest market share of xx% by 2029. Manufacturing and processing facilities are included in the industrial sector. Industrial energy consumption is higher than that of residential or commercial buildings; nonetheless, processing and manufacturing machinery consumes a substantial quantity of energy in industrial buildings. Hydronic controls can aid in the efficient powering of hydronic systems while also enhancing the company's production. Water temperature can be controlled according to industrial regulations using hydronic controls in warehouses, production areas, administrative offices, control rooms, and distribution centres. HVAC devices, such as air conditioners, consume over half of the total electricity provided to a residential structure; hydronic systems must be regulated properly to ensure energy efficiency in a residential building.

Based on the Equipment, the market is segmented into Actuators, Valves, Control Panels, Flow Controllers, and Others. Actuators segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Actuators serve as a link between the mechanical and hydraulic control systems. This device takes signals from controllers and adjusts the hydronic system's valves and dampers accordingly. Actuators can be accessible remotely using a building management system (BMS) and bus connectivity, which saves time during the system's installation and commissioning.



Based on the Installation Type, the market is segmented into New Installation, and Retrofit Installation. New Installation segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. For the early implementation of hydronic control technologies, the new installation offers advantages over retrofits. The benefits aid in lowering the operational costs associated with deploying hydronic control systems. A refit is the process of replacing old equipment with new equipment in an existing system. The adoption of hydronic controls in retrofits is expected to be driven by the green building effort and steps taken to decrease the negative environmental effects of outdated hydronic control systems. The growth of retrofits installation is aided by the introduction of IoT and smart technologies.
Hydronic Control Market Regional Insights:
The North American region is expected to dominate the Hydronic Control Market during the forecast period 2022-2029. The North American region is expected to hold the largest market share of xx% by 2029. Continuous growth in the construction and refurbishment of residential and commercial buildings, as well as the increasing usage of IoT in smart housing, are two major factors driving the hydronic control market growth in the North American region. Government rules governing environmental safety and water quality are also driving the hydronic control market in North America region.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Growing public awareness of energy conservation, global warming, and changing weather patterns has prompted governments in this region to implement regulations that promote energy saving.

The objective of the report is to present a comprehensive analysis of the Global Hydronic Control Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Hydronic Control Market dynamic and structure by analyzing the market segments and projecting the Global Hydronic Control Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Hydronic Control Market make the report investor’s guide.
Hydronic Control Market Scope: Inquire before buying



Global Hydronic Control Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 35.03 Bn.


Forecast Period 2022 to 2029 CAGR:
3.1%
Market Size in 2029:
US $ 44.72 Bn.


 Segments Covered:
by Equipment
• Actuators
• Valves
• Control Panels
• Flow Controllers
• Others


by Installation Type
• New Installation
• Retrofit Installation


by Sector
• Residential
• Commercial
• Industrial



Hydronic Control Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Hydronic Control Market  Key Players are:
• 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)
• Xylem (US)

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Hydronic Control Market?
Ans. The North American region is expected to hold the highest share in the Hydronic Control Market.

2] Who are the top key players in the Hydronic Control Market?
Ans. Siemens (Germany), Danfoss (Denmark), Johnson Controls (Ireland), Honeywell (US), and Schneider Electric (France) are the top key players in the Hydronic Control Market.

3] Which segment is expected to hold the largest market share in the Hydronic Control Market by 2029?
Ans. Industrial sector segment is expected to hold the largest market share in the Hydronic Control Market by 2029.

4] What is the market size of the Hydronic Control Market by 2029?
Ans. The market size of the Hydronic Control Market is expected to reach US $44.72 Bn. by 2029.

5] What was the market size of the Hydronic Control Market in 2021?
Ans. The market size of the Hydronic Control Market was worth US $35.03 Bn. in 2021.