Press release
Global Heat Interface Unit Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2027: Johnson & Starley and Bosch Thermotechnology Ltd are Key Players.
The Global Heat Interface Unit Market is expected to grow at a CAGR of 6.85% to reach a market size worth US$387.362 million by 2027.The prime factors propelling the growth of the heat interface unit market are the rising demand for sustainable energy sources and the greater awareness of the importance of supervising power consumption.
The report shows that the heat interface unit market is expected to grow steadily.
Heat interface units, which can comprise isolation and control valves, heat exchangers, metering devices, and pumps, are the linking devices through which a consumer's heating and hot water systems are connected to a heat network. Compared to household combination boilers, heat interface units enable a larger flow rate and provide remote monitoring and utilization accounting. In addition, they can be deployed outside individual residential units, providing simple access to landlords and leading to a rise in the usage of heat interface units across rental properties. There is no need for a gas distribution network or a flue while employing heat interface units, as local boilers do not necessarily result in reduced capital and operating costs. However, the heat interface unit market may be hampered by the problem of iron oxide-related water contamination, the challenge of maintaining the long-term performance of heat interface units, and the complexity of flushing systems installed within heat interface units.
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The heat interface unit market has been analyzed into function, component, application, and geography.
Based on function, the market has been classified into heating only and heating with domestic hot water production (DHW). By component, the market has been categorized into heat exchangers, controllers, pumps, sensors, and valves.
Depending on its application, the heat interface unit market has been segmented into industrial, commercial, and residential. The application of heat interface units across all three market divisions is expected to witness significant growth. The residential sector's increased energy demand results in need for an effective monitoring system, which is provided by heat interface units, frequently installed with heat meters, and aids in regulating and tracking heat usage. Also, according to the International Energy Agency, the majority of energy utilized in American households in 2021 will be used for heating. Therefore, heat interface units are in high demand from consumers in the residential sector because they lower energy costs, do away with the need for gas supplies, offer meter reading capabilities, and efficiently integrate zero-carbon technology to boost energy efficiency.
In the commercial and industrial segments, heat interface units can be integrated with renewable technologies like solar PV or air source pumps to offer customers a dependable heating option and aid in reducing energy waste. In addition, introducing cold climate heat pump technology, advanced water heaters, and smarter HVAC diagnostic tools that assist contractors in monitoring efficient energy consumption in residential and commercial buildings as part of government policies have further fueled the market for heat interface units.
By region, North America is expected to retain a considerable market share due to the government regulations promoting sustainable energy use and the requirement to develop efficient technology for power production to lower harmful emissions. Further, most American homes use natural gas to supply heat to their interior spaces through the medium of boilers or air furnaces. In addition, the heat interface unit market in the Asia Pacific region shall grow considerably over the forecast period.
Major players covered in the heat interface unit market report are Dutypoint, Heatrae Sadia, ELCO Heating Solutions, Honeywell, Johnson & Starley, Bosch Thermotechnology Ltd., Advanced Ergonomic Technologies Ltd, Vital Energi, SAV Systems, DGI KOZANLAR.
This Global Heat Interface Unit Market has been analyzed into the following segments:
• By Function
o Heating Only
o Heating with Domestic Hot Water Production (DHW)
• By Component
o Heat exchangers
o Controllers
o Pumps
o Sensors
o Valves
• By Application
o Industrial
o Commercial
o Residential
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
o Middle East and Africa
• Saudi Arabia
• Israel
• Others
o Asia Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Others
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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