Future Market Insights
Globally, the growing demand, consumption, and high cost of energy are creating severe issues for human beings. To reduce energy consumption and price, manufacturers are inclined towards introducing novel products, such as radiant systems, which can exchange the heat of a building by circulating water through building walls and floors.Radiant systems are among the oldest systems for heating purposes, wherein hot air from flue gas was circulated under floors or in walls. Radiant heating and cooling systems are systems that can transfer at least fifty percent of heat by radiation. Radiant systems can be classified into two ways: radiant heating and radiant cooling. Radiant heating and cooling systems function by controlling temperature surfaces, which can exchange heat with the surrounding environment through radiation and convection methodology.
Radiant heating and cooling systems are broadly classified as: central control, zone control and individual room control. A combined system of radiant heating and cooling provides uniform energy efficient heating and cooling, and this is a relatively cost effective option for buildings to achieve high levels of energy performance. In the radiant cooling process, convection is an important factor, because chilled water is circulated through beams or floors. Attributing to cool air, it will sink and distribute itself over the space in the building. The capacity of a radiant cooling system depends on various factors, such as pipe spacing, emissivity, insulation, fluid flow rates, floor construction and many more.
In the radiant heating system process, warm fluid is passed through PEX or pipes integrated in the floor structure. These systems can be used in almost all commercial and residential buildings. Radiant heating systems work with high temperature water for cooling and low temperature water for heating. The temperature of water is operated at nearly room temperature and this temperature also depends on the position of piping in the buildings. Radiant heating provides exceptional comfort at relatively low temperatures, due to which it is energy efficient and economical for consumers.
Radiant Heating & Cooling Systems Market: Dynamics
Increasing adoption of technology in the radiant heating and cooling market to capture the maximum market share is expected to boost the demand for these systems over the forecast period. Advantages associated with the use of radiant heating and cooling systems and increasing demand for commercial and residential buildings are positive drivers expected to propel the overall demand for radiant heating & cooling systems. Relatively high cost is expected to restrict growth of the radiant heating and cooling system market. Green products and fully automated systems are benchmark trends for the radiant heating and cooling system market in the coming future.
Radiant Heating & Cooling Systems Market: Segmentation
The radiant heating & cooling systems market can be segmented in a number of ways, two of the prominent ones being on the basis of type and application.
Segmentation of the radiant heating & cooling systems market on the basis of type:
Embedded Surface Systems
Thermally Active Building Systems
Capillary Surface Systems
Segmentation of the radiant heating & cooling systems market on the basis of application:
Radiant Heating & Cooling Systems Market: Regional Outlook
Globally, Europe and North America are expected to grow with healthy a CAGR throughout the forecast period, followed by Asia Pacific and the Middle East & Africa. Developing nations, such as BRICS will contribute significantly to the global radiant heating and cooling system market over the forecast period. Consumers tend to equip their homes with high-end safety to ensure a good living experience. This is expected to act as a catalyst for the growth of the overall radiant heating and cooling market over the forecast period.
Radiant Heating & Cooling Systems Market: Market Participants
Examples of some of the market participants in the global radiant heating and cooling market, identified across the value chain:
Radiant Cooling Corporation
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Supply & Demand
Competition & Companies involved
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
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