$591.3 Million Heat Interface Unit Market 2017 by Component, Product, Application and Geography - Global Forecasts to 2023

Dublin, Dec. 18, 2017 -- The "Heat Interface Unit Market by Component (Heat Exchangers, Controllers, Pumps, Sensors, and Valves), Product (Indirect and Direct), Application (Residential, Commercial, and Industrial), and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The heat interface unit (HIU) market is expected to grow from USD 374.7 Million in 2017 to USD 591.3 Million by 2023, at a CAGR of 7.9% between 2017 and 2023.

The major factors driving the growth of this market include the increasing supportive regulatory and legislative framework, growing use of district heating (DH) solutions, and rising adoption of smart homes in developing nations.

This report segments the heat interface unit market on the basis of component, product, application, and geography. The heat interface unit market for commercial applications is expected to witness a significant growth during the forecast period owing to the increasing installation of heat interface units in commercial buildings and institutes.

Heat exchangers accounted for the largest share of the heat interface unit market in 2016. This growth can be attributed to the growing demand for indirect HIUs for residential, commercial, and industrial applications.

The heat interface unit market for indirect HIUs is expected to grow at the highest CAGR between 2017 and 2023. This high market growth rate can be attributed to the rapidly growing adoption of heat interface units in smart homes and multi-housing apartments in developing nations.

Europe accounted for the largest share of the overall heat interface unit market in 2016 since HIUs are highly in demand in the European region than other regions.

Unawareness about HIUs in key economies such as the Americas and APAC is one of the challenging factors impeding the growth of the heat interface unit market. In countries such as the US, Canada, Mxico, China, India, and Japan, industry players/construction contractors are yet unaware of the long-term benefits of heat interface units.

In some countries, construction contractors/industry players have started to prefer district heating solutions with combined heat and power (CHP) systems, but they are not keen on using HIUs in each flat/apartment. As a result, the market size for HIUs in the Americas and APAC is smaller compared to the European market. Strong marketing and promotional activities will promote the use of HIUs in these regions.

The key players in this market are Armstrong Fluid Technology (Canada), Bosch (UK), Dutypoint (UK), Honeywell (Switzerland), Kingspan (Ireland), GIACOMINI (Italy), Docherty (UK), Caleffi (Italy), ALFA LAVAL (Sweden), Danfoss (Denmark), Rhico , Thermal Integration , Reliance Worldwide Corporation (UK) , and Intatec (UK).

Market Dynamics

Drivers

• Formulation of Supportive Regulatory and Legislative Frameworks for the Adoption of Heat Interface Units in Residential Applications
• Increased Adoption of District Heating (DH) Solutions in Apartments, Commercial Buildings, Institutes, and Industrial Plants
• Rise in the Number of Smart Homes in Emerging Economies

Restraints

• Additional Expenses Incurred in Retrofitting the Existing Systems With Heat Interface Units
• High Initial Costs Associated With the Deployment of District Heating Solutions

Opportunities

• Introduction of the Internet of Things (IoT) Enabled Heat Interface Units
• Increased Use of Waste/Surplus Heat Generated From Various Sources for District Heating

Challenges

• Lack of Awareness in the Americas and Asia Pacific About Benefits Offered By Heat Interface Units

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Heat Interface Units Market, By Component

8 Heat Interface Units Market, By Product Type

9 Heat Interface Units Market, By Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

• Alfa Laval
• Armstrong
• Bosch
• Caleffi
• Comap International
• Danfoss
• Docherty
• Dutypoint
• Elco Heating Solutions
• Elson
• Emmeti
• Essco Controls
• Evinox Energy
• Giacomini
• Heatrae Sadia
• Honeywell
• Intatec
• Johnson & Starley
• Kamo Systemtechnik
• Kingspan
• Kvm-Conheat
• Reliance Worldwide Corporation (UK)
• Rhico
• Stokvis Boilers
• Thermal Integration

For more information about this report visit https://www.researchandmarkets.com/research/fxzmsl/591_3_million?w=12

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