Water-Based Heating & Cooling Systems Market Report: Trends, Forecast and Competitive Analysis to 2030

Water-Based Heating & Cooling Systems Trends and Forecast

The future of the global water-based heating & cooling systems market looks promising with opportunities in the residential, commercial, and industrial markets. The global water-based heating & cooling systems market is expected to reach an estimated $59 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing demand for water based heating & cooling systems that use less energy, rise in construction in the residential and commercial sectors, and increasing government regulatory policies and incentives to make sure energy saving of natural resources.

A more than 150-page report is developed to help in your business decisions.

Water-Based Heating & Cooling Systems by Segment

The study includes a forecast for the global water-based heating & cooling systems by heating component, cooling component, end use, and region.

Water-Based Heating & Cooling Systems Market by Heating Component [Shipment Analysis by Value from 2018 to 2030]:

• Heat Pumps
• Convector Heaters
• Radiators
• Boilers

Water-Based Heating & Cooling Systems Market by Cooling Component [Shipment Analysis by Value from 2018 to 2030]:

• Chillers
• AHUs
• Cooling Towers
• Expansion Tank

Water-Based Heating & Cooling Systems Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Industrial

Water-Based Heating & Cooling Systems Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Water-Based Heating & Cooling Systems Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies water-based heating & cooling systems companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the water-based heating & cooling systems companies profiled in this report include-

• Daikin
• Johnson Controls
• Carrier
• Trane Technologies
• Fujitsu
• Vasco Group
• Purmo Group
• Vertiv
• Schneider Electric

Water-Based Heating & Cooling Systems Market Insights

Lucintel forecasts that chillers is expected to witness highest growth over the forecast period.

Commercial will remain the largest segment due to growing need for cost-effective and economical HVAC systems in hotels, offices, and complexes.

APAC is expected to witness highest growth over the forecast period due to rapid urbanization and industralization and significantly growing construction sector in the region.

Features of the Global Water-Based Heating & Cooling Systems Market

Market Size Estimates: Water-based heating & cooling systems market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Water-based heating & cooling systems market size by heating component, cooling components, end use, and region. in terms of value ($B).

Regional Analysis: Water-based heating & cooling systems market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different heating components, cooling components, end uses, and region.s for the water-based heating & cooling systems market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the water-based heating & cooling systems market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the water-based heating & cooling systems market size?

Answer: The global water-based heating & cooling systems market is expected to reach an estimated $59 billion by 2030.

Q.2. What is the growth forecast for water-based heating & cooling systems market?

Answer: The global water-based heating & cooling systems market is expected to grow with a CAGR of 7.5% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the water-based heating & cooling systems market?

Answer: The major drivers for this market are growing demand for water based heating & cooling systems that use less energy, rise in construction in the residential and commercial sectors, and increasing government regulatory policies and incentives to make sure energy saving of natural resources.

Q.4. What are the major segments for water-based heating & cooling systems market?

Answer: The future of the water-based heating & cooling systems market looks promising with opportunities in the residential, commercial, and industrial markets.

Q.5. Who are the key water-based heating & cooling systems market companies?

Answer: Some of the key water-based heating & cooling systems companies are as follows:

• Daikin
• Johnson Controls
• Carrier
• Trane Technologies
• Fujitsu
• Vasco Group
• Purmo Group
• Vertiv
• Schneider Electric

Q.6. Which water-based heating & cooling systems market segment will be the largest in future?

Answer: Lucintel forecasts that chillers is expected to witness highest growth over the forecast period.

Q.7. In water-based heating & cooling systems market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid urbanization and industralization and significantly growing construction sector in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the water-based heating & cooling systems market by heating component (heat pumps, convector heaters, radiators, and boilers), cooling component (chillers, AHUs, cooling towers, and expansion tank), end use (residential, commercial, and industrial), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?