HOME Top Market Reports Hydronic Control Market by Equipment (Actuators, Valves, Flow Controllers, Control Panels, and Others), Installation Type (New, Retrofit), Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023

Hydronic Control Market by Equipment (Actuators, Valves, Flow Controllers, Control Panels, and Others), Installation Type (New, Retrofit), Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: SE 6568

 

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The hydronic control market was valued at USD 31.00 billion in 2017 and is projected to reach USD 37.70 billion by 2023, at a CAGR of 3.1% during the forecast period. The growth of the hydronic control market is driven by the need for efficient use of energy in buildings, the emergence of the construction market, and the trend of automation in commercial, industrial, and residential sectors in developing countries. The base year considered for the study is 2017, and the forecast period is from 2018 to 2023. The report provides detailed information regarding the major factors influencing the growth of this market.  

Growing construction market to boom adoption of hydronic control

An increasing number of public–private partnership (PPP) projects are boosting the construction sector in the Middle East. The Tarif International Airport construction project in Saudi Arabia is a prime example of a PPP project, which includes the construction of the airport to handle 5 million passengers yearly. Several construction projects are getting implemented in Qatar because of the 2022 FIFA World Cup. Suspended construction projects in the UAE due to the global economic crisis have been fully recovered. Such boom in the construction sector is fueling demand for hydronic systems, thereby driving the growth of the hydronic control market.

Market Dynamics

Drivers:

  • Need for efficient use of energy building
  • Emergence of construction market boost adoption of hydronic control
  • Trend of automation in commercial, industrial, and residential sectors in developing countries

Restraints:

  • Lack of awareness about benefits of hydronic controls
  • High cost of skilled labor and installation

Opportunities:

  • Rising wave of smart cities
  • Increasing environmental awareness and energy efficiency standards

Challenge:

  • Limited technically skilled staff

Hydronic Control Market

The main Objectives of this Study are as follows:

  • To describe and forecast the hydronic control market, in terms of value, by equipment, installation type, and sector
  • To describe and forecast the hydronic control market, in terms of value, by region North America, Europe, Asia Pacific (APAC), South America, and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
  • To study the complete value chain of hydronic control
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the hydronic control market

Research Methodology:

The research methodology used to estimate and forecast the hydronic control market includes the use of extensive primary research and secondary research. The secondary sources referred to for this study include directories; databases such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva; and associations. Vendor offerings have been considered to determine the market segmentation. The top-down procedure has been employed to arrive at the overall size of the global hydronic control market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people, such as chief executive officers (CEOs), vice presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The figure below shows the breakdown of the primaries, on the basis of company type, designation, and region, conducted during the research study.

Hydronic Control Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights into the hydronic control market, such as various equipment and installation type. The hydronic control market comprises hydronic control solution providers such as Siemens (Germany), Danfoss (Denmark), Johnson Controls (Ireland), Honeywell (US), Schneider Electric (France), IMI plc (UK), Belimo (Switzerland), Giacomini (Italy), Caleffi (Italy), Flamco (Netherlands), Armstrong (US), Oventrop (Germany), Reflex (Germany), Spirotech (Netherlands), and Xylem (US).

Target Audience:

  • Hydronic control equipment manufacturers
  • Hydronic control system providers
  • Architecture consultants
  • HVAC system distributors
  • Research organizations and consulting companies
  • Technology standard organizations, forums, alliances, and associations

Scope of the Report:

The global hydronic control market, in this research report, has been segmented into equipment, installation type, sector, and geographic regions.

Hydronic Control Market, by Equipment

  • Actuators
  • Valves
  • Control Panels
  • Flow Controllers
  • Others

Hydronic Control Market, by Installation Type

  • New Installation
  • Retrofit Installation

Hydronic Control Market, by Sector

  • Residential
  • Commercial
  • Industrial

Hydronic Control Market, by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Netherlands
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • South America
    • Brazil
    • Chile
    • Argentina
  • Rest of the World (RoW)
    • Middle East
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Comprehensive coverage of regulations followed in each region (the Americas, APAC, and Europe)

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objectives
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
                    2.1.3.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Arriving at the Market Size By Bottom-Up Analysis
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Hydronic Control Market Opportunities
    4.2 Hydronic Control Market, By Equipment
    4.3 Hydronic Control Market, By Installation Type
    4.4 Hydronic Control Market, By Sector
    4.5 Hydronic Market in North America, By Sector and Country (2018)
    4.6 Hydronic Control Market, By Geography

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Need for Efficient Use of Energy in Buildings
                    5.2.1.2 Trend of Automation in Commercial, Industrial, and Residential Sectors in Developing Countries
                    5.2.1.3 Emergence of Construction Market Boost Adoption of Hydronic Control
           5.2.2 Restraints
                    5.2.2.1 Lack of Awareness About Benefits of Hydronic Controls
                    5.2.2.2 High Cost of Skilled Labor and Installation
           5.2.3 Opportunities
                    5.2.3.1 Rising Wave of Smart Cities
                    5.2.3.2 Increasing Environmental Awareness and Energy Efficiency Standards
           5.2.4 Challenges
                    5.2.4.1 Limited Technically Skilled Staff

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Regulatory Standards
           6.3.1 Montreal Protocol
           6.3.2 Kyoto Protocol
           6.3.3 Leed Certification

7 Hydronic Control Market, By Equipment (Page No. - 43)
    7.1 Introduction
    7.2 Valves
           7.2.1 Gate Valve
           7.2.2 Globe Valve
           7.2.3 Ball Valve
           7.2.4 Zone Valve
           7.2.5 Balancing Valve
    7.3 Actuators
    7.4 Control Panels
    7.5 Flow Controller
    7.6 Others

8 Hydronic Control Market, By Installation Type (Page No. - 64)
    8.1 Introduction
    8.2 New Installation
    8.3 Retrofit Installation

9 Hydronic Control Market, By Sector (Page No. - 67)
    9.1 Introduction
    9.2 Residential
    9.3 Commercial
           9.3.1 Healthcare
           9.3.2 Government
           9.3.3 Academic & Institution
           9.3.4 Retail
           9.3.5 Hospitality
    9.4 Industrial

10 Hydronic Control Market, By Geography (Page No. - 76)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Russia
             10.3.5 The Netherlands
             10.3.6 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 South America
             10.5.1 Brazil
             10.5.2 Chile
             10.5.3 Argentina
     10.6 RoW
             10.6.1 Middle East
             10.6.2 Africa

11 Competitive Landscape (Page No. - 102)
     11.1 Overview
     11.2 Market Ranking Analysis
     11.3 Competitive Situation & Trends
             11.3.1 Partnerships, Agreements, and Contracts
             11.3.2 Product Launches
             11.3.3 Expansions
             11.3.4 Acquisitions, Mergers, and Joint Venture

12 Company Profiles (Page No. - 109)
     12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.1.1 Danfoss
             12.1.2 Siemens
             12.1.3 Johnson Control
             12.1.4 Honeywell
             12.1.5 Schneider Electric
             12.1.6 IMI PLC
             12.1.7 Belimo
             12.1.8 Giacomini
             12.1.9 Caleffi
             12.1.10 Flamco
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     12.2 Other Key Players
             12.2.1 Armstrong Fluid Technology
             12.2.2 Oventrop
             12.2.3 Reflex Winkelmann
             12.2.4 Spirotech
             12.2.5 Xylem

13 Appendix (Page No. - 137)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (69 Tables)

Table 1 Hydronic Control Market, By Equipment, 2015–2023 (USD Million)
Table 2 Hydronic Control Market for Valves, By Installation Type, 2015–2023 (USD Million)
Table 3 Hydronic Control Market for Valves, By Sector, 2015–2023 (USD Million)
Table 4 Market for Valves, By Region, 2015–2023 (USD Million)
Table 5 Market for Valves in Residential Sector, By Region, 2015–2023 (USD Million)
Table 6 Market for Valves in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 7 Market for Valves in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 8 Hydronic Control Market for Actuators, By Installation Type, 2015–2023 (USD Million)
Table 9 Market for Actuators, By Sector, 2015–2023 (USD Million)
Table 10 Market for Actuators, By Region, 2015–2023 (USD Million)
Table 11 Market for Actuators in Residential Sector, By Region, 2015–2023 (USD Million)
Table 12 Market for Actuators in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 13 Market for Actuators in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 14 Hydronic Control Market for Control Panels, By Installation Type, 2015–2023 (USD Million)
Table 15 Market for Control Panels, By Sector, 2015–2023 (USD Million)
Table 16 Market for Control Panels, By Region, 2015–2023 (USD Million)
Table 17 Market for Control Panels in Residential Sector, By Region, 2015–2023 (USD Million)
Table 18 Market for Control Panels in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 19 Market for Control Panels in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 20 Market for Flow Controllers, By Installation Type, 2015–2023 (USD Million)
Table 21 Market for Flow Controllers, By Sector, 2015–2023 (USD Million)
Table 22 Market for Flow Controllers, By Region, 2015–2023 (USD Million)
Table 23 Market for Flow Controllers in Residential Sector, By Region, 2015–2023 (USD Million)
Table 24 Market for Flow Controllers in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 25 Market for Flow Controllers in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 26 Market for Other Equipment, By Installation Type, 2015–2023 (USD Million)
Table 27 Market for Other Equipment, By Sector, 2015–2023 (USD Million)
Table 28 Market for Other Equipment, By Region, 2015–2023 (USD Million)
Table 29 Market for Other Equipment in Residential Sector, By Region, 2015–2023 (USD Million)
Table 30 Market for Other Equipment in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 31 Market for Other Equipment in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 32 Hydronic Control Market, By Installation Type, 2015–2023 (USD Million)
Table 33 Hydronic Control Market, By Sector, 2015–2023 (USD Million)
Table 34 Market for Residential Sector, By Equipment, 2015–2023 (USD Million)
Table 35 Market for Residential Sector, By Region, 2015–2023 (USD Million)
Table 36 Market for Commercial Sector, By Equipment, 2015–2023 (USD Million)
Table 37 Market for Commercial Sector, By Region, 2015–2023 (USD Million)
Table 38 Market for Industrial Sector, By Equipment, 2015–2023 (USD Million)
Table 39 Market for Industrial Sector, By Region, 2015–2023 (USD Million)
Table 40 Hydronic Control Market, By Region, 2015–2023 (USD Million)
Table 41 Events to Be Held in North America in 2018
Table 42 Hydronic Control Market in North America, By Equipment, 2015–2023 (USD Million)
Table 43 Market in North America, By Sector, 2015–2023 (USD Million)
Table 44 Market in North America, By Installation Type, 2015–2023 (USD Million)
Table 45 Market in North America, By Country, 2015–2023 (USD Million)
Table 46 Events to Be Held in Europe in 2018
Table 47 Hydronic Control Market in Europe, By Equipment, 2015–2023 (USD Million)
Table 48 Market in Europe, By Sector, 2015–2023 (USD Million)
Table 49 Market in Europe, By Installation Type, 2015–2023 (USD Million)
Table 50 Market in Europe, By Country, 2015–2023 (USD Million)
Table 51 Events to Be Held in APAC in 2018
Table 52 Hydronic Control Market in APAC, By Equipment, 2015–2023 (USD Million)
Table 53 Market in APAC, By Sector, 2015–2023 (USD Million)
Table 54 Market in APAC, By Installation Type, 2015–2023 (USD Million)
Table 55 Market in APAC, By Country, 2015–2023 (USD Million)
Table 56 Market in South America, By Equipment, 2015–2023 (USD Million)
Table 57 Market in South America, By Sector, 2015–2023 (USD Million)
Table 58 Market in South America, By Installation Type, 2015–2023 (USD Million)
Table 59 Market in South America, By Country, 2015–2023 (USD Million)
Table 60 List of Events to Be Held in RoW in 2018
Table 61 Hydronic Control Market in RoW, By Equipment, 2015–2023 (USD Million)
Table 62 Market in RoW, By Sector, 2015–2023 (USD Million)
Table 63 Market in RoW, By Installation Type, 2015–2023 (USD Million)
Table 64 Market in RoW, By Region, 2015–2023 (USD Million)
Table 65 Ranking of Key Players in Hydronic Control Market, 2017
Table 66 Partnerships, Agreements, and Contracts (2015–2016)
Table 67 Product Launches (2015–2017)
Table 68 Expansion (2015)
Table 69 Acquisitions, Mergers, and Joint Venture (2015–2016)


List of Figures (44 Figures)

Figure 1 Hydronic Control Market Segmentation
Figure 2 Hydronic Control Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Actuators to Hold Largest Size of market From 2018 to 2023
Figure 7 New Installation to Dominate Hydronic Control Market
Figure 8 Industrial Sector to Hold Largest Size of market From 2018 to 2023
Figure 9 Market in RoW to Grow at Highest CAGR During Forecast Period
Figure 10 Attractive Opportunities in market From 2018 to 2023
Figure 11 Market for Flow Controllers to Grow at Highest CAGR From 2018 to 2023
Figure 12 New Installation to Lead in market From 2018 to 2023
Figure 13 Industrial Sector to Hold Largest Size of market From 2018 to 2023
Figure 14 US to Hold Largest Size of Hydronic Control Market in 2018
Figure 15 North America to Hold Largest Share of market From 2018 to 2023
Figure 16 Hydronic Control Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 India’s Projected Energy Demand By 2047
Figure 18 Value Chain Analysis: Major Value Added During Manufacturing Stage
Figure 19 Hydronic Control Market, By Equipment
Figure 20 North America to Hold Largest Size of market for Valves During Forecast Period
Figure 21 Hydronic Control Market for Actuators in RoW to Grow at Highest CAGR During Forecast Period
Figure 22 Industrial Sector to Hold Largest Size of market for Flow Controllers From 2018 to 2023
Figure 23 North America to Hold Largest Size of market for Other Equipment During Forecast Period.
Figure 24 Hydronic Control Market, By Installation Type
Figure 25 Hydronic Control Market, By Sector
Figure 26 Actuators to Hold Largest Size of market for Residential Sector By 2023
Figure 27 Market for Industrial Sector in RoW to Grow at Highest CAGR During Forecast Period
Figure 28 Geographic Snapshot (2017): Canada and India to Witness Significant Growth During Forecast Period
Figure 29 North America: Snapshot of Market
Figure 30 US to Lead Hydronic Controls Market During Forecast Period
Figure 31 Europe: Snapshot of Market
Figure 32 Residential Sector to Grow at Highest CAGR in market in Europe From 2018 to 2023
Figure 33 APAC: Snapshot of Market
Figure 34 China to Hold Largest Size of market During Forecast Period
Figure 35 Actuators to Hold Largest Size of market in RoW From 2018 to 2023
Figure 36 Product Launches and Developments are Key Growth Strategies Adopted By Companies From 2015 to 2018
Figure 37 Battle for Market Share: Product Launches Was the Key Strategy
Figure 38 Danfoss: Company Snapshot
Figure 39 Siemens: Company Snapshot
Figure 40 Johnson Control: Company Snapshot
Figure 41 Honeywell: Company Snapshot
Figure 42 Schneider Electric: Company Snapshot
Figure 43 IMI PLC: Company Snapshot
Figure 44 Belimo: Company Snapshot

The hydronic control market is estimated to grow from USD 32.40 billion in 2018 to USD 37.70 billion by 2023, at a CAGR of 3.1% from 2018 to 2023. The growth of the market is driven by the need for efficient use of energy in buildings, the emergence of the construction market, and the trend of automation in commercial, industrial, and residential sectors in developing countries. Governments across the world adopt various policies related to energy consumption to make energy-efficient buildings. The implementation of various standards requires the use of efficient hydronic controls as these systems sense the surrounding environment and accordingly operates the hydronic system to provide appropriate heating and cooling of water using minimum energy. Therefore, the increasing demand for efficient use of energy in buildings is driving the market for hydronic controls. The hydronic control market has been segmented into equipment, installation type, sector, and region.

The hydronic control market has been segmented on the basis of equipment into actuators, valves, control panels, flow controllers. The market for actuators is expected to hold the largest size from 2018 to 2023. Companies operating in the hydronic control industry offer various types of actuators such as hydraulic, pneumatic, and electric actuators. The hydraulic actuators consist of a cylinder or a fluid motor that use hydraulic power for carrying out mechanical operations. The mechanical motion gives an output in terms of the linear, rotary, or oscillatory motion of the system. Electric actuators are the most commonly used actuators in control systems. These actuators consist of a motor that converts electrical energy into mechanical motion.

Based on installation type, the market for new installations is expected to hold the largest size of the market during the forecast period. The new installation provides advantages over retrofits for the implementation of hydronic control solutions at early stages. The advantages help in reducing the operational cost required for implementing hydronic control solutions. New installation of hydronic controls helps in achieving ecofriendly operations due to economical use of available resources.

The industrial sector is expected to hold the largest market during the forecast period. The industrial sector includes manufacturing and processing facilities. Energy consumption in industries is higher than that of residential or commercial facilities; however, a significant amount of energy in industrial facilities is used for processing and manufacturing machinery. The adoption of hydronic controls can help in efficiently powering hydronic systems, along with increasing the productivity of the company. Using hydronic controls across warehouses, production areas, administration offices, control rooms, and distribution centers, water temperature can be maintained according to the industrial norms.

Hydronic Control Market

North America is likely to account for the largest share of the overall hydronic control market throughout the forecast period. Continuous growth in construction and renovation of residential and commercial buildings are among the major factors supporting the growth of the hydronic control market, along with the increasing adoption of IoT in smart housing. Government regulations regarding environmental safety and water quality are also among the major drivers for the growth of the hydronic control market in North America.

Factors such as lack of awareness about the benefits of hydronic controls and the high cost of skilled labor and installation hinder the market growth. For instance, in the residential application, the installation cost of all hydronic equipment depends on the size of the home, type of equipment, and SEER value of the equipment. Thus, the requirement of skilled labor, followed by significant installation costs, hinders the implementation and the growth of the market.

Siemens (Germany), Danfoss (Denmark), Johnson Controls (Ireland), Honeywell (US), Schneider Electric (France), IMI plc (UK), Belimo (Switzerland), Giacomini (Italy), Caleffi (Italy), Flamco (Netherlands), Armstrong (US), Oventrop (Germany), Reflex (Germany), Spirotech (Netherlands), and Xylem (US) are among the key players in this market that focus on product launches and developments, strategic partnerships, acquisitions, and agreements to increase their revenues. For instance, in 2018, Danfoss launched 2 high-flow proportional valves to its PVG portfolio-PVG 128 and PVG 256-thereby expanding its range of low- to high-flow capabilities for OEM customers with demanding applications. Similarly, in 2017, Siemens launched a new smart thermostat for residential heating control. The RDS110 smart thermostat takes just a few minutes to install and can be controlled via a mobile phone app.

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