Radiant Heating and Cooling Systems Market Trends

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.