Heat Interface Unit Market: Global Industry Analysis and Forecast (2022-2029)

Heat Interface Unit Market size was valued at US$ 5 Bn. in 2021 and the total revenue is expected to grow at 7.83 % through 2021 to 2029, reaching nearly US$ 9.14 Bn.
Heat Interface Unit Market Overview:
A thermal interface unit is a sort of unit that includes control valves, pumps, heat exchangers, sensors, flow meters, and other components that operate as a link between the furnace and the hot water system, resulting in an efficient and reliable solution. These are given using a historic area heating method in large industrial or high-rise apartments, enhancing the streetscape.To know about the Research Methodology:- Request Free Sample Report
Heat Interface Unit Market Dynamics:
Increasingly stringent government policies to curb carbon emissions to develop energy-efficient communities are contributing to the growth of the market. Growing demand for energy efficient district heating networks and the recent transition of homes and businesses from gas boilers to new thermal interface units are accelerating the growth of the thermal interface unit market. Smart solutions for energy management are contributing to the growth of the market owing to rapid urbanization addressing security concerns, increasing investments in social housing projects or large-scale buildings. The growing popularity of smart homes is also expected to enhance the market. In May 2021, Cory received $14.75 million in funding from the government to develop the UK's largest district heating network, providing low-carbon heating to 21,000 homes. Such government initiatives are driving the growth of the thermal interface unit market.

The increasing integration of heat interface units with IoT utilizing smart monitoring and integrated billing is triggering the market growth significantly. Smart HIUs also offer TCP/IP networking, permitting for reliable two-way communication for diagnostics, commissioning, support, and metering data across the building infrastructure. Because of smart thermal interface unit technology's improved capabilities, the industry is rising. Smart HIUs also offer TCP/IP connectivity, allowing for reliable two-way communication for diagnostics, commissioning, support, and metering data across the building infrastructure. Because of smart thermal interface unit technology's improved capabilities, the industry is rising. In May 2021, Evinox introduced the latest series of intelligent thermal interface units, ModuSat XR, to provide high performance, greater flexibility and easy access. These developments are analyzed to drive the market during the forecast period.

However, the high installation costs of setting up district heating solutions, as well as the additional expenses of retrofitting legacy infrastructure with thermal interface devices, are estimated to constrain market growth. The thermal interface unit market is expected to overcome obstacles over the forecast period due to a lack of awareness.
Heat Interface Unit Market Segment Analysis:
Based on the Product, the global Heat Interface Unit market is sub-segmented into Indirect and Direct. The Indirect Heat Interface Unit segment held the largest market share of 68% in 2021. As a result of its widespread use in smart homes and multi-dwelling flats. Indirect HIU uses two-plate heat exchangers to offer appropriate separation of primary and secondary circuits, as well as proper isolation of operation of both circuits, such as cleaning and inhibiting water in the circuit design. From 2021 to 2029, the market is expected to be steered by beneficial characteristics such as indirect heat interface units.Based on the Applications, the global Heat Interface Unit market is sub-segmented into Commercial, Industrial and Residential. The Residential segment held the largest market share of 52.1% in 2021. As a result of increased urbanisation in developing countries and a growing global penetration of smart houses Due to the increasing deployment of district heating systems in multi-dwelling apartments, the residential market is expected to develop at the fastest rate, with a CAGR of 8.72%. The Northwest Territories Housing Corporation of Canada announced the completion of an eight-unit apartment complex in Yellowknife in June 2021, complete with a sustainable district heating system powered by renewable energy. The market is being driven by such changes.
Heat Interface Unit Market Regional Insights:
Europe held the largest market share of 45% in 2021. Many heat interface industrial manufacturing businesses are based in this region, and a number of initiatives are being done in France and the United Kingdom to utilize HIUs for diverse applications. Nottingham University began construction of the project in June 2021 to analyze the performance and effectiveness of a low-carbon or zero-carbon heating system for delivering on-demand, cost-effective heat energy to homes and businesses through a district heating network. North America held the 2nd largest market share of xx% in 2021. As a result of the US government's efforts to promote energy-efficient products. District heating systems for new buildings are one of these initiatives since they save energy and have less negative energy-related environmental effects.

The objective of the report is to present a comprehensive analysis of the global Heat Interface Unit 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 helps in understanding the global Heat Interface Unit Market dynamic, structure by analyzing the market segments and project the global Heat Interface Unit Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Heat Interface Unit Market make the report investor’s guide.
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Global Heat Interface Unit Market


Base Year
2021
Forecast Period
2022-2029


Historical Data
CAGR
Market Size in 2021
Market Size in 2029


2017 to 2021
7.83%
US$ 5 Bn
US$ 9.14 Bn


Segments Covered


by Component
• Heat exchangers
• Controllers
• Pumps
• Sensors
• Valves
by Product
• Indirect
• Direct
by Application
• Commercial
• Industrial
• Residential


Regions Covered


North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America



Heat Interface Unit Market Key Players are:
• Danfoss
• Kingspan
• Alfa Laval
• Docherty
• Honeywell
• Armstrong
• Dutypoint
• Bosch
• Caleffi
• Giacomini
• Rhico
• Elson
• Intatec
• Thermal Integration
• Reliance Worldwide Corporation(UK)
• Johnson & Starley
• Stokvis Boilers
• Evinox Energy
• Honeywell Corporation
• AWI Licensing LLC
• AFI Licensing LLC
• Essco Controls
Frequently Asked Questions:
1] What segments are covered in Global Heat Interface Unit Market report?
Ans. The segments covered in global Heat Interface Unit Market report are based on Component, Product and Application.

2] Which region is expected to hold the highest share in the global Heat Interface Unit Market?
Ans. Europe is expected to hold the highest share in the global Heat Interface Unit Market.

3] What is the market size of global Heat Interface Unit Market by 2029?
Ans. The market size of global Heat Interface Unit Market is expected to reach US $ 9.14 Bn. by 2029.

4] Who are the top key players in the global Heat Interface Unit Market?
Ans. Danfoss, Kingspan, Alfa Laval, Docherty, Honeywell, Armstrong and Dutypoint are the top key players in the global Heat Interface Unit Market.

5] What was the market size of global Heat Interface Unit Market in 2021?
Ans. The market size of global Heat Interface Unit Market in 2021 was US $ 5 Bn.