The global demand for Radiant Cooling Systems Market is presumed to reach the market size of nearly USD 5.94 BN by 2030 from USD 3.6 BN in 2022 with a CAGR of 6.45% under the study period 2023 - 2030. Regarding volume, the market was calculated XX Thousand Units in 2022 and forecast to touch XX Thousand Units by 2030 with a CAGR of XX% during 2023 - 2030.
The Radiant Cooling System employs water as a medium to chill people's occupied rooms. The radiant cooling system is based on the fundamental principle that bodies of different temperatures exchange thermal radiation until they achieve an equilibrium condition. A radiant cooling system circulates cooled water through a network of polymer pipes put in the floors, walls, and ceilings. This network of pipes can make a conditioned space's floors, walls, and ceilings into chilled surfaces that absorb heat energy equally. The Radiant cooling system is most effective in a securely sealed structure with a minor forced-air system to meet the building's fresh air needs. It absorbs heat from rooms and improves ventilation to reduce draughts and hot spots. Radiant cooling systems are intended to give comfortable cooling to residential areas at a low cost of operation. The cost of installing a radiant cooling system in a building structure is inadequate.
Market Dynamics
The popularity of radiant cooling systems is mainly due to changing climatic conditions worldwide. Industrial innovation, constantly growing manufacturing industries and enterprises supporting the global economy is expected to contribute to the rising demand for high-performance cooling systems, driving the global radiant cooling systems market. Due to rising population and disposable incomes, the construction industry has improved, creating an enormous potential for radiant cooling systems. The demand for radiant cooling systems is also being driven by the increased adoption of energy-efficient cooling systems. Various commercial structures, such as shopping malls, cinemas, medical centers & hospitals, and hotels & restaurants, are equipped with ventilation ducts and fans to provide proper ventilation and airflow and radiant cooling systems. These factors are expected to enhance the worldwide radiant cooling systems market during the projected period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of radiant cooling systems. The growth and trends of radiant cooling systems industry provide a holistic approach to this study.
Market Segmentation
This section of the radiant cooling systems market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Thermally Activated Building Systems
- Radiant Cooling Panels
By Installation Surface
By Area Of Application
- New Buildings
- Existing Building/Renovations
By Building Type
- Residential
- Industrial
- Commercial
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Radiant Cooling Systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Radiant Cooling Systems Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the radiant cooling systems market include Jardine Engineering Corporation (JEC), Giacomini Spa, Rehau, BeKa Heiz-und kuhlmatten GmbH EKA Heiz, MrPEX Systems, Danfoss Group, Emerson Electric Co., Uponor Oyj, Watts Water Technologies Inc., Zehnder Group AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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