Heat Interface Unit Market - Forecast(2024 - 2030)
Heat Interface Unit Market Overview
Report Coverage
Key Takeaways
- Indirect
Heat Units are estimated to witness the fastest growth with a CAGR of 6.9%
during the forecast period 2021-2026 due to rising demand in smart homes
and Multi-dwelling apartments.
- Europe is estimated to dominate the market with a CAGR of 9.1% during
2021-2026 owing to early penetration of smart homes and stringent
government policies to curb emission.
- Increasing stringent government rules on carbon emission and Rising
integration with IoT are driving the market.
- Unawareness
among people about the benefits of HIU is hampering the adoption.
Global Heat Interface Unit Market Share Value ($M), By Region 2020 (by %)
For More Details on This Report - Request for Sample
Heat Interface Unit Market Segment Analysis – By Product Type
By Product Type, Heat
Interface Unit Market is segmented into Direct Heat Interface Unit and Indirect Heat
Interface Unit. Indirect Heat interface unit dominated the market in 2020
acquiring a market share of 63% and is estimated to witness the fastest growth with
a CAGR of 6.9% between 2021 and 2026 due to its rapid adoption in smart homes
and multi-dwelling apartments. Two-plate heat exchangers, used in indirect HIU provides
appropriate separation of primary and secondary circuits and enables proper
isolation of maintenance of both circuits such as cleansing and inhibition of
water of the circuits. Such beneficiary features indirect heat interface
units are anticipated to steer the market from 2021 to 2026. In June 2021,
Canadian Government announced to invest $797 Million to green up its energy
sector, aiming towards becoming carbon-neutral by 2050. Such government
initiatives and funds to achieve net zero emissions are stimulating the market.
Heat Interface Unit Market Segment Analysis – By End User
By
End User, Heat Interface Unit Market is segmented intoindustrial, commercial
and residential sector. Residential segment dominated the market in 2020
acquiring a share of 46% and is estimated to account for the largest market
share of 48% by 2026 due to rapid urbanization in developing countries and
rising penetration of smart homes globally. Residential is also estimated to be
the fastest growing market with a CAGR of 8.6% owing to rising adoption of
district heating systems in multi-dwelling apartments. In June 2021, Canada’s
Northwest Territories Housing Corporation announced the opening of eight- unit
apartment complex in Yellowknife with a sustainable district heating system
utilizing renewable energy source. Such developments are driving the market.
Heat Interface Unit Market Segment Analysis – By Geography
By Geography, Heat Interface Unit Market is segmented into North America, Europe, APAC, South America and RoW. Europe dominated the market acquiring a share of 41% in 2020 and is estimated to hold the major market share with the fastest growing CAGR of 9.1% during 2021-2026 owing to early penetration of smart homes, high demand of HIUs than other region and rising adoption of stringent policies to curb carbon emission. In June 2021, Nottingham University started working on a project to evaluate performance and effectiveness of low carbon or zero carbon heating system to deliver on-demand, cost effective heat energy for home and workplaces utilizing district heating network. Such new novel research work is analysed to drive the market between 2021 and 2026.
Heat Interface Unit Market Drivers
Increasing stringent environment rules about “Zero Carbon Emission”
Increasing stringent government policies to curb carbon emission to develop an energy-efficient neighborhood has contributed to the growth of the market. The rising demand for energy-efficient district heating networks and the recent transition of households and businesses from gas boilers to new heat interface units are accelerating the Heat Interface Unit Market growth. Increasing investments towards social house projects or large buildings due to rapid urbanization addressing safety, energy management with intelligent solutions has contributed to the growth of the market. Rising adoption of smart homes is also anticipated to augment the market. In May 2021, Cory received a fund of USD 14.75 Million from government to develop UK’s largest district heating network for delivering low carbon heat to 21,000 homes. Such government initiatives are propelling the Heat Interface Unit Market growth.
Increasing integration with IoT
Rising integration of Heat Interface Units with IoT
leveraging intelligent monitoring and control coupled with integrated billing
is significantly triggering the growth of the market. Smart HIUs also offer
TCP/IP connectivity to allow a robust, reliable two way communication for
diagnostics, commissioning, support and metering data which can be accessed
across the building infrastructure. Such advanced capabilities of smart heat
interface unit technology are fueling the growth of the market. In May 2019,
Evinox unveiled latest range of Smart Heat Inteface Units ModuSat XR, to
deliver high performance, more flexibility and easy access. Such developments
are analyzed to drive the market during the forecast period 2021-2026.
Heat Interface Unit Market Challenges
Unawareness among people about benefits of HIU
Unawareness among people in emerging countries such as
China, Japan, India about the long-term benefits of heat interface units are
estimated to be one of the major challenges impeding the growth of the market.
However, significant investments on R&D and promotional marketing are set
to offset this challenge during the later stages of 2021-2026.
Heat Interface Unit Market Landscape
Product
innovation, acquisitions, Partnerships and R&D activities are key
strategies adopted by players in the Heat Interface Unit market.
In 2020, the market of Heat Interface Unit industry outlook has been fragmented
by several companies. Heat Interface Unit top 10 companies include Robert Bosch GmbH, Honeywell International Inc., Armstrong
Fluid Technology, Dutypoint, Docherty, ALFA LAVAL, Danfoss, Rhico, Intatec,
Caleffiamong others.
Acquisitions/Technology Launches
- In June 2021, Valmet Automation Ltd. Announced to deliver an automation system for development and optimization of Fortum’s district heating system in Finland.
- In April 2021, Budapest’s district heating firm FOTAV and Arctic Green Energy signed a cooperation agreement for developing a geothermal district heating units in Budapest having the capacity between 10 MW to 20 MW.
Relevant Reports
For more Electronics related reports, please click here
LIST OF TABLES
1.Global Heat Interface Units Market By Component Market 2023-2030 ($M)1.1 Controllers Market 2023-2030 ($M) - Global Industry Research
1.2 Heat Exchangers Market 2023-2030 ($M) - Global Industry Research
1.3 Pumps Market 2023-2030 ($M) - Global Industry Research
1.4 Sensors Market 2023-2030 ($M) - Global Industry Research
1.5 Valves Market 2023-2030 ($M) - Global Industry Research
2.Global Heat Interface Units Market By Product Type Market 2023-2030 ($M)
2.1 Direct HIUs Market 2023-2030 ($M) - Global Industry Research
2.2 Indirect HIUs Market 2023-2030 ($M) - Global Industry Research
3.Global Heat Interface Units Market By Component Market 2023-2030 (Volume/Units)
3.1 Controllers Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Heat Exchangers Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Pumps Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Sensors Market 2023-2030 (Volume/Units) - Global Industry Research
3.5 Valves Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Heat Interface Units Market By Product Type Market 2023-2030 (Volume/Units)
4.1 Direct HIUs Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Indirect HIUs Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Heat Interface Units Market By Component Market 2023-2030 ($M)
5.1 Controllers Market 2023-2030 ($M) - Regional Industry Research
5.2 Heat Exchangers Market 2023-2030 ($M) - Regional Industry Research
5.3 Pumps Market 2023-2030 ($M) - Regional Industry Research
5.4 Sensors Market 2023-2030 ($M) - Regional Industry Research
5.5 Valves Market 2023-2030 ($M) - Regional Industry Research
6.North America Heat Interface Units Market By Product Type Market 2023-2030 ($M)
6.1 Direct HIUs Market 2023-2030 ($M) - Regional Industry Research
6.2 Indirect HIUs Market 2023-2030 ($M) - Regional Industry Research
7.South America Heat Interface Units Market By Component Market 2023-2030 ($M)
7.1 Controllers Market 2023-2030 ($M) - Regional Industry Research
7.2 Heat Exchangers Market 2023-2030 ($M) - Regional Industry Research
7.3 Pumps Market 2023-2030 ($M) - Regional Industry Research
7.4 Sensors Market 2023-2030 ($M) - Regional Industry Research
7.5 Valves Market 2023-2030 ($M) - Regional Industry Research
8.South America Heat Interface Units Market By Product Type Market 2023-2030 ($M)
8.1 Direct HIUs Market 2023-2030 ($M) - Regional Industry Research
8.2 Indirect HIUs Market 2023-2030 ($M) - Regional Industry Research
9.Europe Heat Interface Units Market By Component Market 2023-2030 ($M)
9.1 Controllers Market 2023-2030 ($M) - Regional Industry Research
9.2 Heat Exchangers Market 2023-2030 ($M) - Regional Industry Research
9.3 Pumps Market 2023-2030 ($M) - Regional Industry Research
9.4 Sensors Market 2023-2030 ($M) - Regional Industry Research
9.5 Valves Market 2023-2030 ($M) - Regional Industry Research
10.Europe Heat Interface Units Market By Product Type Market 2023-2030 ($M)
10.1 Direct HIUs Market 2023-2030 ($M) - Regional Industry Research
10.2 Indirect HIUs Market 2023-2030 ($M) - Regional Industry Research
11.APAC Heat Interface Units Market By Component Market 2023-2030 ($M)
11.1 Controllers Market 2023-2030 ($M) - Regional Industry Research
11.2 Heat Exchangers Market 2023-2030 ($M) - Regional Industry Research
11.3 Pumps Market 2023-2030 ($M) - Regional Industry Research
11.4 Sensors Market 2023-2030 ($M) - Regional Industry Research
11.5 Valves Market 2023-2030 ($M) - Regional Industry Research
12.APAC Heat Interface Units Market By Product Type Market 2023-2030 ($M)
12.1 Direct HIUs Market 2023-2030 ($M) - Regional Industry Research
12.2 Indirect HIUs Market 2023-2030 ($M) - Regional Industry Research
13.MENA Heat Interface Units Market By Component Market 2023-2030 ($M)
13.1 Controllers Market 2023-2030 ($M) - Regional Industry Research
13.2 Heat Exchangers Market 2023-2030 ($M) - Regional Industry Research
13.3 Pumps Market 2023-2030 ($M) - Regional Industry Research
13.4 Sensors Market 2023-2030 ($M) - Regional Industry Research
13.5 Valves Market 2023-2030 ($M) - Regional Industry Research
14.MENA Heat Interface Units Market By Product Type Market 2023-2030 ($M)
14.1 Direct HIUs Market 2023-2030 ($M) - Regional Industry Research
14.2 Indirect HIUs Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Heat Interface Unit Market Revenue, 2023-2030 ($M)2.Canada Heat Interface Unit Market Revenue, 2023-2030 ($M)
3.Mexico Heat Interface Unit Market Revenue, 2023-2030 ($M)
4.Brazil Heat Interface Unit Market Revenue, 2023-2030 ($M)
5.Argentina Heat Interface Unit Market Revenue, 2023-2030 ($M)
6.Peru Heat Interface Unit Market Revenue, 2023-2030 ($M)
7.Colombia Heat Interface Unit Market Revenue, 2023-2030 ($M)
8.Chile Heat Interface Unit Market Revenue, 2023-2030 ($M)
9.Rest of South America Heat Interface Unit Market Revenue, 2023-2030 ($M)
10.UK Heat Interface Unit Market Revenue, 2023-2030 ($M)
11.Germany Heat Interface Unit Market Revenue, 2023-2030 ($M)
12.France Heat Interface Unit Market Revenue, 2023-2030 ($M)
13.Italy Heat Interface Unit Market Revenue, 2023-2030 ($M)
14.Spain Heat Interface Unit Market Revenue, 2023-2030 ($M)
15.Rest of Europe Heat Interface Unit Market Revenue, 2023-2030 ($M)
16.China Heat Interface Unit Market Revenue, 2023-2030 ($M)
17.India Heat Interface Unit Market Revenue, 2023-2030 ($M)
18.Japan Heat Interface Unit Market Revenue, 2023-2030 ($M)
19.South Korea Heat Interface Unit Market Revenue, 2023-2030 ($M)
20.South Africa Heat Interface Unit Market Revenue, 2023-2030 ($M)
21.North America Heat Interface Unit By Application
22.South America Heat Interface Unit By Application
23.Europe Heat Interface Unit By Application
24.APAC Heat Interface Unit By Application
25.MENA Heat Interface Unit By Application
26.Key Players, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Key Innovators, Sales /Revenue, 2015-2018 ($Mn/$Bn)