Radiant Cooling Systems Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Rapid urbanization, a rise in disposable income, emerging population, expanding construction industry are some of the key factors attributed to the growing demand for radiant cooling systems. As per a report, Global Construction 2030, the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, with three countries – China, US, and India – leading the way and accounting for 57% of all global growth.

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Moreover, awareness of using energy-saving appliances in households as well as in commercial buildings has increased the popularity of radiant cooling systems, one of the key factors to prevent greenhouse gas emissions and to protect the environment. As per IEA, The industrial sector uses more delivered energy than any other end-use sector, accounting for 38% (156 EJ) of total global final energy use in 2020.  Moreover, energy-efficient cooling systems help save money by reducing energy and power consumption. Changing climatic conditions across the globe is the key factor responsible for the adoption of radiant cooling systems.

According to UnivDatos Market Insights (UMI)’ research report “Global Radiant Cooling Systems Market Analysis, 2020”, growing demand for energy efficiency owing to the growing emphasis on renewable energy is leading to the growth of the market. In 2020, the consumption of all other fuels declined while the only source which increased the demand for energy sources was renewables 2020.  As the global economy recovers from the crisis, The renewable energy source witnessed an uptake, therefore, expand more quickly. As per International Energy Agency (IEA), in 2020, the annual renewable capacity additions increased witnessed the highest year-on-year increase since 1999 and increased by 45% or 280 GW. Furthermore, exceptionally high-capacity additions become the “new normal” in 2021 and 2022, with renewables accounting for 90% of new power capacity expansion globally.

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Based on the type, the radiant cooling panels' segment acquired the major market share and dominated the global Radiant Cooling Systems Market in 2020. The term radiant panel is generally used in the context of heating. It is defined as any temperature-controlled interior surface that releases 50% or more of its total heat output in the form of infrared radiation.  It’s also possible for the temperature of interior surfaces, such as floors and ceilings, to be lowered by circulating cool water through tubing embedded in or fastened to those surfaces. This allows those surfaces to absorb long-wave thermal radiation given off by occupants or other warmer objects in the room.

Based on the installation surface, The ceiling segment grabbed X% market share and dominated the market in 2020. market. Radiant cooling ceilings provide a perfect indoor temperature all year round. During the summer period, the cooling power ensures a pleasant indoor climate without adverse effects of an air condition like cold air circulation and high energy consumption. Radiant cooling ceilings create a high degree of thermal comfort.

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North America to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the North America region dominated the global Radiant Cooling Systems market in 2020., stated in UnivDatos Market Insights (UMI)’ research report “Global Radiant Cooling Systems Market Analysis, 2020”. Rising energy demand coupled with the emerging electricity tariff in the united states is resulting in the growing demand for radiant cooling systems.  As per EIA, the consumption of electricity in the residential sector in the United States is expected to reach 1,484 billion KW hrs. by 2023 up from 1,440 KW hrs. in 2019

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Radiant Cooling Systems Market are Jardine Engineering Corporation (JEC), Giacomini Spa, Rehau, Radiana Ltd., BeKa Heiz, PillarPlus Inc., Oorja Energy Engineering Services Pvt Ltd, SusPower L.L.C., Messana Radiant Cooling, and MrPEX Systems, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Radiant Cooling Systems Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Radiant Cooling Systems Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  

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Market Segmentation:

1. By Type (Thermally Activated Building systems, Radiant Cooling Panels)
2. By Installation Surface (Floor, Wall, Ceiling)
3. By Building Type (Residential, Industrial, Commercial)
4. By Application Area (New buildings, Existing buildings/Renovation)
5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
6. By Company (Jardine Engineering Corporation (JEC), Giacomini Spa, Rehau, Radiana Ltd., BeKa Heiz, PillarPlus Inc., Oorja Energy Engineering Services Pvt Ltd, SusPower L.L.C., Messana Radiant Cooling, and MrPEX Systems)

Key questions answered in the study:

1. What are the current and future trends of the global Radiant Cooling Systems market industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Radiant Cooling Systems market industry?
5. What are the customer orientation, purchase behavior, and expectations from the Radiant Cooling Systems market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL RADIANT COOLING SYSTEMS MARKET COVID-19 IMPACT

6 GLOBAL RADIANT COOLING SYSTEMS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY INSTALLATION SURFACE

9 MARKET INSIGHTS BY APPLICATION AREA

10 MARKET INSIGHTS BY BUILDING TYPE

11 MARKET INSIGHTS BY REGION

12 RADIANT COOLING SYSTEMS MARKET DYNAMICS

13 RADIANT COOLING SYSTEMS MARKET OPPORTUNITIES

14 RADIANT COOLING SYSTEMS MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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