Radiant Cooling and Heating System Market Size - By Product Type (Embedded Surface Systems, Thermally Active Building Systems, Capillary Surface Systems, Radiant Panels), Technology, Installation Surface, End User, Regional Outlook & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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Radiant Cooling and Heating System Market Size - By Product Type (Embedded Surface Systems, Thermally Active Building Systems, Capillary Surface Systems, Radiant Panels), Technology, Installation Surface, End User, Regional Outlook & Forecast, 2024 – 2032

Radiant Cooling and Heating System Market Size

Radiant Cooling and Heating System Market size was valued at USD 2.07 billion in 2023 and is anticipated to register a CAGR of over 4.6% between 2024 and 2032. Radiant cooling and heating systems are energy efficient systems used to control the temperature in indoor settings. They transfer heat directly to objects and surfaces in a room, including people, walls, floors, and furniture. This works on the thermal exchange principle and offers several advantages such as comfort, energy efficiency and design flexibility.

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The main advantage of radiant heating and cooling systems over traditional forced-air systems is the efficiency they offer. Their low operating water temperatures and comfortable room ambience, makes them the most energy-efficient method of heat distribution in buildings. Furthermore, increased awareness by the government towards production of sustainable and environment friendly projects due to the environmental impact the conventional HVAC systems have, is also a driving factor for the growth of this market as this system is energy efficient, and cost saving.
 

Radiant Cooling and Heating System Market Report Attributes
Report Attribute Details
Base Year 2023
Radiant Cooling and Heating System Market Size in 2023 USD 2.07 Billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 4.6%
2032 Value Projection USD 3.08 Billion
Historical Data for 2018 - 2023
No. of Pages 250
Tables, Charts & Figures 228
Segments covered Product Type, Technology, Installation Surface, End User, Region
Growth Drivers
  • Efficiency of radiant cooling and heating systems over traditional systems
  • Increased awareness by government towards production of sustainable and environment friendly projects
  • Increase in new residential and commercial construction activities
  • Rise in disposable incomes of consumers
Pitfalls & Challenges
  • High installation and maintenance costs

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Additionally, developments in the construction industry and rapid urbanization are also expected to fuel the radiant heating and cooling systems market growth. Increase in commercial construction projects fueled with the need for sustainable and environment friendly projects has increased the market growth. The rise in disposable income of consumers has shifted their focus to build their homes with energy efficient and high-end safety products to ensure a good living experience which has attributed to the growth of this market.Top of Form.

Imagine you're at the store, comparing two heating and cooling systems. One is the traditional type, while the other uses radiant technology. The radiant system seems a bit more appealing, but as you look at the price tag, your heart sinks. It's way more expensive than you thought! You decide to investigate further and discover that making those rooms radiant is like building a fortress. All that concrete shielding is pricey! And if something goes wrong, repairs can set you back a pretty penny. But hold on, there's more. Radiant cooling systems have their own quirk. They're like a humid magnet, and if the air gets too steamy, it can mess with their mojo, making them less effective. So, in places where it's often muggy, these systems might not perform as well. All these factors are like roadblocks, preventing people from switching to radiant heating and cooling systems. The high cost and maintenance worries keep them stuck with traditional systems that may not be as energy-efficient.

Radiant Cooling and Heating System Market Trends

Hey there! Innovations in heating and cooling systems are making them more efficient and easier to use than ever before. For instance, connecting your system to the internet with IoT sensors is like having a smart assistant that keeps an eye on things. It can automatically adjust the temperature based on the weather or whether anyone's home, saving you energy and money. Speaking of smart homes, they're all the rage these days. People want to make their lives easier and more comfortable, and these systems can do just that. They can learn your preferences, so your home is always at the perfect temperature when you walk in the door. Plus, you can control everything from your phone, so you don't even have to get up from the couch!

Radiant Cooling and Heating System Market Analysis

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By Product Type, the embedded surface systems segment recorded around 58.4% of the market share in 2023, owing to the robust performance and widespread applicability of embedded surface systems in various architectural and construction contexts. These systems seamlessly integrate into building structures, providing efficient heating, and cooling by embedding pipes or heating elements within floors, walls, or ceilings.

In 2023, water-based systems (called "hydronic") dominated the market for heating and cooling systems, claiming over 59.7% of the share. They work by circulating water through panels, pipes, or radiators, and experts predict that they'll continue to grow by about 4.8% each year until 2029. Why are these systems so popular? Because they use water to heat or cool your home, they're much more energy-efficient than other types. And since they have thermostats that can control the water flow in different parts of the house, you can keep specific areas warm or cool without wasting energy on the rest of your home. This makes them a smart choice for anyone who wants to save money on their energy bills.

Based on the installation surface, the radiant cooling and heating system market from floor segment accounted for 46.5% of the revenue share in 2023. Installing radiant heating and cooling systems in the floor gives you benefits like even heat distribution, improved comfort as warmth from the floor is perceived as more natural and comfortable, energy efficiency as they operate at lower temperatures, reduced noise, and increased living space. As consumers prefer to have an aesthetic for their homes, the demand for floor installation has also increased as it offers a clean and sleek look. 

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Based on end user, the radiant cooling and heating system market is segmented into Commercial, Residential, Others such as Industries, etc. Among these segments, the commercial category stands out as the largest market, with a total revenue of USD 1.11 billion, driven by a surge in the adoption of radiant cooling systems within commercial buildings. This anticipated growth is due to the factors such as the increasing frequency of high-efficiency radiant cooling systems tailored for commercial applications, alongside a growing awareness of the capacity of radiant cooling systems to significantly reduce energy consumption in commercial structures.

Globally, the building sector has recognized the importance of energy efficiency, and the preference for radiant cooling systems in commercial buildings stems from their ability to deliver heightened comfort levels compared to conventional heating, ventilation, and air conditioning systems.

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The North America radiant cooling and heating system market was over 36.5% of the revenue share in 2023. This prominence is attributed to the heightened focus of governments on promoting clean heating and cooling systems, coupled with a widespread embrace of modern HVAC tools. Moreover, the continuous advancements in technology and the implementation of strict environmental regulations contribute to the accelerated adoption of these systems in North America.

Simultaneously, the Asia Pacific radiant cooling and heating system market size observe 4.4% CAGR through 2032, attributed to significant investments in the construction sector, propelled by the region's burgeoning urban population and a simultaneous increase in residential expenditure. Additionally, the region's growing awareness of the benefits associated with radiant heating and cooling systems is likely to contribute to their steady adoption.

Radiant Cooling and Heating System Market Share

In 2023, dominant companies include Uponor Corporation, Roth Werke GmbH, Zehnder Group AG, and Viega. These companies together account around 40% of the market share in the year 2023 and are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. Driven by a commitment to innovation, these companies continuously reinvest in R&D, refining designs and integrating cutting-edge technologies to maintain their competitive edge.

Radiant Cooling and Heating System Market Companies

Major companies operating in the radiant cooling and heating system industry include

  • Roth Werke GmbH
  • Uponor Corporation
  • Viega
  • Zehnder Group AG

Radiant Cooling and Heating System Industry News

  • In September 2023, a collaborative venture between Green Builder Media and Dvele, has emerged—a visionary initiative featuring net-zero, all-electric, health-conscious, resilient, connected, solar-powered, and economically efficient homes within mixed-use communities. Uponor has played a pivotal role by supplying an advanced in-floor radiant system. This innovative system is designed to efficiently heat and cool both air and water.
     
  • In September 2023, Danfoss opened an Application Development Center within the Smart Store supermarket in Denmark which will offer the cooling and heating industry the opportunity to access state-of-the-art test facilities and expert support.

The radiant cooling and heating system market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments

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Market, By Product Type

 

  • Embedded Surface Systems
  • Thermally Active Building Systems
  • Capillary Surface Systems
  • Radiant Panels

Market, By Technology

  • Hydronic
  • Electric
  • Air-Based

Market, By Installation Surface

  • Floor
  • Wall
  • Ceiling

Market, By End User

  • Commercial
    • HoReCa
    • Hospitals
    • Offices
    • Malls
    • Others (Institutions, Banquets, etc.)
  • Residential
    • Condominium
    • Individual Houses
  • Others (Industrial, etc.)

The above information has been provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia 
    • Indonesia 
  • Latin America
    • Brazil
    • Mexico 
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

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