Press release
Hydronic Control Market 2019 - Industry Trends Report to 2025
Hydronic Control Market
Increase in the need for energy-efficient solutions and high investment in the field of residential or commercial building projects are propelling the hydronic control market growth. The global companies are expanding their business bases around the globe and are investing highly in infrastructure construction. With the rapid increase in infrastructure facilities of the global companies, the demand for HVAC solutions will witness high growth, augmenting the market growth.
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Valves are the majorly used components to handle and control the pressure of liquid and gas in these systems. It allows operators to regulate the flow of fluid in pipes and control the temperature based on specific tasks and business processes. The growing application of these regulating valves in the oil & gas industry to manage the flow of elements in different equipment, such as boilers, pumps, and separators, will augment the hydronic control market growth. Hydronic control boilers are witnessing high adoption in the sector due to its high effectiveness and efficiency in regulating the temperature and pressure distribution in different manufacturing processes, accelerating the market demand.
The lack of awareness of technology among residential customers is predicted to restrict the hydronic control market growth. The unawareness about the operability and maintenance of these solutions is encouraging residential owners to shift to heat pump systems over hydronic systems. Moreover, high installation and maintenance costs associated with these systems is also a major factor restraining market growth. Rise in technological advancements and innovations in the market forces application areas to implement skilled engineers or technicians for the maintenance of the system.
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North America holds the major share in the global hydronic control market. With the increasing growth in advanced infrastructure and construction of residential & commercial buildings, the market demand is predicted to grow rapidly. The region consists of high-skilled technicians and engineers that have enough knowledge about modern technologies, allowing manufacturers in the hydronic control market to easily deliver maintenance and consulting services to their customers. Moreover, the increasing adoption of connected solutions in smart housing and various government regulations regarding environment safety are the major factors fueling the growth in the market.
The key players operating in the hydronic control market are Danfoss, BELIMO Holding AG, Oventrop Corporation, Xylem Inc, Siemens AG, Giacomini S.P.A, Spirotech, Armstrong Fluid Technology, Reflex Winkelmann GmbH, IMI plc, Caleffi S.p.A, Johnson Controls, Flamco Group, Schneider Electric SE, and Honeywell International Inc.. Moreover, various partnerships, mergers & acquisitions, collaborations, and product launches are boosting the growth in the market.
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