Radiant heating and cooling systems market to grow at a CAGR of 7.32% from 2021 to 2026: Use of PEX tubing will drive market growth - Technavio

NEW YORK, March 28, 2023 /PRNewswire/ -- The global radiant heating and cooling systems market size is estimated to increase by USD 2.21 billion from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 7.32%. The use of PEX tubing is driving market growth. PEX tubes are preferred by manufacturers due to the long lifespan of cross-linked polyethylene pipes. Their durability avoids the need for wall- or floor-embedded radiant tubing. Moreover, PEX tubes can be easily installed. These factors will increase the use of PEX pipes in radiant heating during the forecast period. The growing demand for smart homes and the development of smart cities are key trends in the market. The governments of various countries are developing urban infrastructures, with the integration of multiple information technology solutions. These smart cities will have a high quality of life and provide efficient services to residents. This, in turn, will increase the adoption of radiant heating and cooling technology during the forecast period. Discover some insights about the market before buying the full report - Request a sample report

Radiant heating and cooling systems market - Segmentation assessment Segment overview
Technavio has segmented the market based on technology (hydronic and electric). 

• The hydronic segment will account for a significant share of the market growth during the forecast period. In hydronic systems, there are two types of installations, including wet installation and dry installation. For wet installation, pipes are placed under the floor during construction and are embedded into the concrete floor slab. For dry installation, pipes run through pre-built panels below the tiles. The cost of installation of hydronic floor heating is lower than electric floor heating. This, in turn, will drive the growth of the hydronic segment of the radiant heating and cooling system market during the forecast period.

Geography overview
Based on geography, the global radiant heating and cooling systems market is segmented into Europe, North America, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global radiant heating and cooling systems market.

• North America will account for 45% of the market's growth during the forecast period. The US and Canada are the key contributing countries for the radiant heating and cooling systems market in the region. Market growth in this region will be faster than in other regions. The increase in spending on construction and infrastructure projects will drive the radiant heating and cooling systems market growth in North America during the forecast period.

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Radiant heating and cooling systems market – Vendor analysis
The global radiant heating and cooling systems market is fragmented, with the presence of several vendors. A few prominent vendors that offer radiant heating and cooling systems are BDR Thermea Group BV, Celsun Ecoenergy And Infratech Holdings Private, Danfoss AS, DL Radiators SRL, Emerson Electric Co., Groupe Atlantic, INFLOOR, Integro Engineers Pvt Ltd., J. R. Industrial Heaters, MrPEX Systems, Radiantec, REHAU Group, Robert Bosch GmbH, Roth Werke GmbH, Sigma Combustion Technologies Pvt. Ltd., Technobel India, Ultra Fin, Uponor Corp., Watts Water Technologies Inc., and Zehnder Group AG.

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International vendors have established distribution channels and service centers, which makes it easy for them to provide after-sales services. Hence, regional vendors are providing customized systems at lower prices to improve their market presence. Many new players are also entering the market. However, it is difficult for them to compete with international vendors when it comes to functionalities, features, quality, and services. In addition, stringent regulations pertaining to the design and installation of radiant heating and cooling systems have made it difficult for regional and small vendors to compete with their international counterparts. Continuous innovations and technological advances are expected to intensify the competitive environment further during the forecast period. Many vendors are using strategies such as M&A to expand their consumer base while offering improved solutions.

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Radiant heating and cooling systems market – Major challenges

High installation costs are hindering the radiant heating and cooling systems market growth. The initial upfront costs of procuring and installing radiant heating systems are high. This is because of the expensive concrete required to shield rooms from cold. The repair costs for radiant heating systems are also high. Moreover, hydronic radiant flooring costs more than a forced air system. In addition, the cost of retrofitting a radiant heating system is higher than a new installation, as the entire system and the covering have to be changed. These factors will limit the radiant heating and cooling systems market growth during the forecast period.

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What are the key data covered in this radiant heating and cooling systems market report?

• CAGR of the market during the forecast period
• Detailed information about factors that will drive the growth of the radiant heating and cooling systems market between 2022 and 2026
• Precise estimation of the size of the radiant heating and cooling systems market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the radiant heating and cooling systems market across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of radiant heating and cooling systems market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Technology

• 5.1 Market segments
• Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)

• 5.2 Comparison by Technology 
• Exhibit 26: Chart on Comparison by Technology
• Exhibit 27: Data Table on Comparison by Technology

• 5.3 Hydronic - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Hydronic - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Hydronic - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Hydronic - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Hydronic - Year-over-year growth 2021-2026 (%)

• 5.4 Electric - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Electric - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Electric - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Electric - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Electric - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Technology 
• Exhibit 36: Market opportunity by Technology ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 Europe - Market size and forecast 2021-2026 
• Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026 
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Canada - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026 
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026 
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 BDR Thermea Group BV
• Exhibit 89: BDR Thermea Group BV - Overview
• Exhibit 90: BDR Thermea Group BV - Key offerings

• 10.4 Danfoss AS
• Exhibit 91: Danfoss AS - Overview
• Exhibit 92: Danfoss AS - Business segments
• Exhibit 93: Danfoss AS - Key news
• Exhibit 94: Danfoss AS - Key offerings
• Exhibit 95: Danfoss AS - Segment focus

• 10.5 DL Radiators SRL
• Exhibit 96: DL Radiators SRL - Overview
• Exhibit 97: DL Radiators SRL - Product / Service
• Exhibit 98: DL Radiators SRL - Key offerings

• 10.6 Emerson Electric Co.
• Exhibit 99: Emerson Electric Co. - Overview
• Exhibit 100: Emerson Electric Co. - Business segments
• Exhibit 101: Emerson Electric Co. - Key news
• Exhibit 102: Emerson Electric Co. - Key offerings
• Exhibit 103: Emerson Electric Co. - Segment focus

• 10.7 Groupe Atlantic
• Exhibit 104: Groupe Atlantic - Overview
• Exhibit 105: Groupe Atlantic - Product / Service
• Exhibit 106: Groupe Atlantic - Key offerings

• 10.8 MrPEX Systems
• Exhibit 107: MrPEX Systems - Overview
• Exhibit 108: MrPEX Systems - Product / Service
• Exhibit 109: MrPEX Systems - Key offerings

• 10.9 REHAU Group
• Exhibit 110: REHAU Group - Overview
• Exhibit 111: REHAU Group - Product / Service
• Exhibit 112: REHAU Group - Key offerings

• 10.10 Robert Bosch GmbH
• Exhibit 113: Robert Bosch GmbH - Overview
• Exhibit 114: Robert Bosch GmbH - Business segments
• Exhibit 115: Robert Bosch GmbH - Key news
• Exhibit 116: Robert Bosch GmbH - Key offerings
• Exhibit 117: Robert Bosch GmbH - Segment focus

• 10.11 Uponor Corp.
• Exhibit 118: Uponor Corp. - Overview
• Exhibit 119: Uponor Corp. - Business segments
• Exhibit 120: Uponor Corp. - Key news
• Exhibit 121: Uponor Corp. - Key offerings
• Exhibit 122: Uponor Corp. - Segment focus

• 10.12 Zehnder Group AG
• Exhibit 123: Zehnder Group AG - Overview
• Exhibit 124: Zehnder Group AG - Business segments
• Exhibit 125: Zehnder Group AG - Key offerings
• Exhibit 126: Zehnder Group AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 127: Inclusions checklist
• Exhibit 128: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 129: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 130: Research methodology
• Exhibit 131: Validation techniques employed for market sizing
• Exhibit 132: Information sources

• 11.5 List of abbreviations 
• Exhibit 133: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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