CHICAGO, July 7, 2023 /PRNewswire/ -- The report "Hot & Cold Systems Market by Raw Material (Plastic, Metallic, Metalized Plastic), Application (Water Plumbing Pipes, Radiator Connection Pipes, Underfloor Surface Heating & Cooling), Components, End-Users, And Region - Global Forecast to 2028", is projected to reach USD 27.0 billion by 2028, at a CAGR of 6.3% from USD 19.9 billion in 2023.
The major drivers for the hot & cold systems market are the growing construction industry coupled with the replacement and upgrading of aging infrastructure. The cost of material & installation of metal pipes and economic fluctuations & uncertainties are the major restraint in this market. Opportunities for the market include expansion of the construction industry.
Browse in-depth TOC on "Hot & Cold Systems Market
200 – Tables
50 – Figures
280 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176722805
Pipe hot & cold systems segment is projected to grow at fastest CAGR, in terms of value, during the forecast period
The pipe segment is projected to grow at the fastest rate in the hot and cold systems market due to a growing emphasis on energy efficiency and sustainability, leading to the adoption of advanced pipe materials with improved insulation properties. Additionally, infrastructure development and renovation projects contribute to the demand for efficient and durable pipes to meet the increasing requirements of heating, cooling, and fluid distribution in various applications.
Commercial is projected to be the second-fastest growing end-user in the hot & cold systems market, in terms of value
The commercial buildings segment is projected to grow at the second-fastest rate in the hot and cold systems market due to several factors. Commercial buildings, such as offices, retail spaces, and healthcare facilities, have complex heating and cooling requirements to ensure comfortable environments for occupants. Increasing construction activities, stringent energy regulations, and the need for energy-efficient systems drive the demand for advanced hot and cold systems in the commercial sector, contributing to its significant growth potential.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=176722805
Europe is expected to be the third-largest market for hot & cold systems during the forecast period, in terms of value
This regional analysis delves into the market segmentation based on raw material, including plastic, metallic, and metalized plastic, and end-users such as residential, commercial, and industrial. The region has a high demand for energy-efficient and sustainable heating and cooling solutions driven by strict environmental regulations. Additionally, Europe's robust infrastructure, technological advancements, and emphasis on quality standards contribute to its significant market share in the hot and cold systems industry.
Market Players :
The key players in the hot & cold systems market include RWC (US), Orbia (Mexico), Georg Fischer Limited (Switzerland), Geberit (Switzerland), Watts Water Technologies (US), Chevron Phillips Chemical LLC (US), Wienerberger (Austria), Aalberts (Netherlands), Aliaxis (Belgium), Lesso (China), Rehau (Switzerland), Zurn (US), Uponor (Finland), and Silmar Group (Italy), among others.
Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting
Related Reports:
Polyolefin Pipes Market – Global Forecast t0 2026
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/hot-cold-systems-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/hot-cold-systems.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/hot--cold-systems-market-worth-27-0-billion-by-2028---exclusive-report-by-marketsandmarkets-301871779.html
Voltar noticias em Inglês