The global heat interface unit market is projected to grow at a CAGR of 6.85% during the forecast period to reach US$387.362 million by 2027, from US$243.557 million in 2020.
Heat interface units are usually used in heat networks that use a centralized heat source to distribute hot water through a network of insulated pipes. The heat interface units act as a bridge between the central boiler and hot water outlets in each apartment. Furthermore, this eliminates the need to install individual boilers in each dwelling and proves to be an affordable and energy-efficient solution. Additionally, it requires minimal installation, and low maintenance reduces carbon footprint by adhering to renewable energy requirements and is compact.
An increase in awareness towards monitoring energy consumption and an increase in demand for renewable energy solutions is expected to boost the global heat interface unit market.
Increasing challenges such as climate crisis, urbanization, greenhouse gas emissions, poorly insulated homes, and the use of domestic boilers have shifted the focus towards energy-efficient solutions. The rise in energy consumption by the residential sector requires an efficient monitoring system which is catered by heat interface units that are usually installed with heat meters and help in controlling and monitoring heat usage. Additionally, as per International Energy Agency, most of the energy used in US homes is for heating purposes and electricity consumption accounted for 43% in 2021. Furthermore, the European commission recorded that households in the EU consumed 62.8% of their energy for heating purposes and 15.1% for water heating purposes. Therefore, heat interface units are increasingly demanded by consumers as it reduces energy bills, eliminates the requirement for gas supply, provide a meter reading facility, and effective implementation of zero carbon technology that increases energy efficiency.
Moreover, heat interface units can also work alongside renewable technologies such as solar PV or air source pumps as these systems can provide people with reliable heating facilities and help in preventing energy waste. Furthermore, government initiatives such as the initiative for clean heating and cooling systems in buildings by introducing cold climate heat pump technology, advanced water heaters, and smarter HVAC diagnostic tools that help contractors to monitor efficient energy consumption in residential and commercial buildings propelled the market for heat interface units.
However, the issue of water contamination due to iron oxide and the difficulty of flushing systems that are installed within heat interface units combined with maintaining the long-term performance of heat interface units can hinder the global heat interface unit market.
During the forecast period, North America is expected to gain a significant share of the global heat interface unit market.
The increase in direct carbon emissions need for energy-efficient technology, and government initiatives for boosting renewable energy sources are increasing the demand for heat interface units. Moreover, the majority of homes in the USA rely on natural gas for heating through air furnaces or boilers. According to US Energy Information Administration, the natural gas consumption for US residential sector accounted for 4.72 trillion cubic feet and about half of the homes used it for space and water heating. Therefore, demand for heat interface systems and integrated systems that uses renewable technology is increasing in the region. As per the Centre for Climate change and Energy Solutions, renewables made up to 20% of utility-scale US electricity generation in 2020 of which hydropower accounted for 7.3% and solar power 3.3 %. Further, Asia Pacific heat interface unit market is expected to grow rapidly.
|Market size value in 2025||US$513.511 million|
|Growth Rate||CAGR of 6.73% from 2019 to 2025|
|Forecast Unit (Value)||USD Million|
|Segments covered||Function, Control Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Dutypoint, Heatrae Sadia, ELCO Heating Solutions, Thermal Integration Ltd, Rhico, Intatec Limited, Honeywell, Johnson & Starley, Danfoss, Armstrong Fluid Technology|
|Customization scope||Free report customization with purchase|
Key Market Segments
Frequently Asked Questions (FAQs)
Q1. What will be the heat interface unit market size by 2025?
A1. Heat Interface Unit Market is projected to reach a market size of US$513.511 million in 2025.
Q2. What factors are anticipated to drive the heat interface unit market growth?
A2. Rising awareness regarding energy conservation among people is further increasing the demand for these solutions which can give customers significant control over their energy consumption.
Q3. What are the growth prospects for the heat interface unit market?
A3. The global heat interface unit market is projected to grow at a CAGR of 6.73% during the forecast period.
Q4. Who are the major players in the global heat interface unit market?
A4. Major industry players profiled as part of the report are Dutypoint Ltd, Heatre Sadia, ELCO Heating Solutions, Thermal Integration Ltd, and Rhico among others.
Q5. How is the heat interface unit market segmented?
A5. The heat interface unit market has been segmented by function, control type, application, and geography.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL HEAT INTERFACE UNIT MARKET, BY FUNCTION
5.2. Heating Only
5.3. Heating with Domestic Hot Water Production (DHW)
6. GLOBAL HEAT INTERFACE UNIT MARKET, BY COMPONENT
6.2. Heat exchangers
7. GLOBAL HEAT INTERFACE UNIT MARKET, BY APPLICATION
8. GLOBAL HEAT INTERFACE UNIT, BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.3. United Kingdom
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.2. Heatrae Sadia
10.3. ELCO Heating Solutions
10.5. Johnson & Starley
10.6. Bosch Thermotechnology Ltd.
10.7. Advanced Ergonomic Technologies Ltd
10.8. Vital Energi
10.9. SAV Systems
10.10. DGI KOZANLAR
ELCO Heating Solutions
Johnson & Starley
Bosch Thermotechnology Ltd.
Advanced Ergonomic Technologies Ltd
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