Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Radiant Heating and Cooling Systems Market size was over USD 2.11 billion in 2024 and is projected to reach USD 3.6 billion by 2037, growing at around 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of radiant heating and cooling systems is assessed at USD 2.19 billion.
Developing countries across the world are rapidly investing in the infrastructure domain as they play a significant role in the overall development of the region. The growing population raises the demand for residential buildings which raises the demand for radiant heating and cooling systems in the construction sector. As per data, in the U.S., overall investment in housing accounted to be 15 – 18% of GDP out of which renovation and construction houses held 3-5% and investment in housing services held 12 – 13% of GDP showing strong growth in residential segment. So, radiant heating and cooling systems work to offer thermal cooling based on the ethics of thermal heat transfer where heat is directly transferred from a warm surface to a cool surface. This mechanism is better as compared to a traditional forced air system that depends on the movement of air to cool or heat a space. Therefore, factors such as the demand for clean indoor air quality, cost saving on energy, and the need for energy efficiency are driving the expansion of this radiant heating and cooling systems market.
Radiant Heating and Cooling Systems Sector: Growth Drivers and Challenges
Growth Drivers
- Emergence of Smart Thermostats –Thermostats are highly utilized for small and medium-sized buildings in the commercial sector. In the commercial sector, thermostats are used in small and medium-sized buildings. With the help of wi-fi, smart thermostats can adjust the room temperature from any remote location. Additionally, approx. USD 180 can be saved on energy costs with the aid of these thermostats. Therefore, the penetration of smart thermostats is a factor escalating the market expansion of radiant heating and cooling systems during the time period between 2024 – 2036.
- Demand for Advanced Technologies – Establishment of the advanced technologies such as Internet of Things sensors in radiant heating and cooling systems is expected to boost the growth of the market in the studied period. Thus, this innovative device not only advanced the operational process but also improved overall system performance. The smart home models transform into a smart climate control mechanism that can analyze and understand user preferences, climate conditions, and occupancy patterns.
Challenges
- Risk of Fire and Leakage in Radiant Heating And Cooling Systems – Risk of short circuits, overheating, and sparks are associated with the electrical system of radiant heating and cooling systems. Besides, the space heater and space boards also have a certain change of risks associated with them. Also, the high risk of fire is associated with subfloor electrical systems as they have less insulation and can easily come in contact with substances like wood or dust.
- The high cost of the system is anticipated to hamper the market growth in the forecast period.
- Dependency in climate is another factor posing a limitation on the market growth in the upcoming period.
Radiant Heating and Cooling Systems Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.2% |
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Base Year Market Size (2024) |
USD 2.11 billion |
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Forecast Year Market Size (2037) |
USD 3.6 billion |
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Regional Scope |
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Radiant Heating and Cooling Systems Segmentation
Technology (Hydronic, Electric, Air-based)
Based on technology, the hydronic segment is anticipated to hold 40% share of the global radiant heating and cooling systems market by 2037. These systems utilize water to transfer fluids and also as a heating and cooling medium for circulating water around pipes, radiators, or panels, furthermore, thermostats help in controlling the flow of water in some areas as a result offering energy efficiency and therefore raising its demand. As the price of hydronic radiant heating and cooling systems is less and it offers higher energy efficiency the growth of this segment is also expected to grow on this account in the projected period.
End User (Commercial, Residential)
In terms of end user, the commercial segment in the radiant heating and cooling systems market is anticipated to hold 60% of the revenue share during the forecast period. The primary factor impacting the expansion of this segment's growth is the integration of radiant heating and cooling systems in the commercial sector. This is expected to be boosted by a high frequency of effective radiant cooling systems specifically crafted for the commercial domain along with increasing awareness capacity potential of radiant cooling systems that would further aid in energy efficiency in the commercial structures. Nonresidential and commercial settings such as offices, stores, schools, hospitals, and others get a wide range of benefits from radiant heating and cooling systems. As compared to the forced air system the radiant heating and cooling systems offer better energy efficiency as a result lowering energy cost. Forty percent of the energy produced worldwide is used by commercial buildings, according to a U.S. Department of Energy study.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Technology |
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Installation Surface |
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End User |
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Customize this ReportRadiant Heating and Cooling Systems Industry - Regional Synopsis
North American Market Forecasts
North America industry is set to dominate majority revenue share of 35% by 2037, due to increasing focus of government on bringing clean cooling and heating system in the region. The market is predicted to rise on the account of increasing focus of the government on bringing clean cooling and heating systems alongside, growing determination on the latest HVAC tools. Also, the US-made HVAC systems are high in demand and used by large-scale people across the globe. 79% population in the U.S. prefers using HVAC tools produced in the United States. Furthermore, factors such as the growing introduction of strict environmental regulations and increasing technological advancement in the region are set to drive the growth of the market in the projected period.
APAC Market Statistics
The radiant heating and cooling systems market in the Asia Pacific region is expected to grow significantly during the forecast period between 2025-2037. The growth of this market can be ascribed owing to the rapidly growing construction industry of this region boosted by the expeditiously rising urban population and increasing investment in residential projects in the region. Furthermore, rising awareness about the advantages associated with radiant heating and cooling systems is impacting its integration in the region as a result driving the market expansion in the review period.
Companies Dominating the Radiant Heating and Cooling Systems Landscape
- Uponor Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Viega
- Zehnder Group AG
- Roth Werke Ghosh
- BDR Thermea Group
- Danfoss AS
- Emerson Electric Co.
- Georg Fischer Ltd.
- GIACOMINI Spa
- J. R. Industrial Heaters
In the News
- A joint venture between Dvele and Green Builder Media, which aims to create net-zero, all-electric, health-conscious, resilient, networked, solar-powered, and economically efficient houses within mixed-use communities, was launched in September 2023. By providing an innovative in-floor radiant system, Uponor has been instrumental in the process. This cutting-edge device effectively heats and cools water as well as air.
- The Danish Smart Store supermarket welcomed Danfoss' Application Development Center in September 2023, providing the cooling and heating sector with access to cutting-edge testing facilities and knowledgeable assistance.
Author Credits: Shweta Patidar
- Report ID: 5882
- Published Date: Jan 03, 2025
- Report Format: PDF, PPT
