Heat Interface Unit Market Size, Trends & Analysis - Forecasts To 2025 By Type (Thermostatic Control, Proportional Hydraulic Control); By Source (District Heating, Community Heating); By Application (Residential [Single Dwelling, Multi Dwelling, Others], Commercial [Restaurants, Educational Institutes, Offices, Others], Industrial [Manufacturing, Pharmaceuticals, Automotive, Food]); By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-Use Landscape; Vendor Landscape and Competitor Analysis - Global Market Estimates
Heat Interface Unit Market Insights
The global heat interface unit market is anticipated to witness a lucrative CAGR over the forecast period. Factors such as reduced investment & maintenance costs coupled with reliability and safety are projected to drive the overall market over the coming years.
Heat interface units are packaged hot water and heating production units for buildings, single or multi dwelling residences, industrial and commercial applications. Heat is centrally produced in an Energy Centre and then is distributed to individual HIUs by a network of distribution pipework. Heat unit interfaces are compact in size when compared to traditional wall hung boilers. It requires minimal installation and can be installed in a greater number at different locations.
Also, factors such as reduced labour cost along with least risk of supply disruption are further likely to propel the demand for heat interface units over the coming years.
Heat Interface Unit Market: Type Insights
The global heat interface unit market is segmented into thermostatic control and proportional hydraulic control, based on type.
Thermostatic control type is anticipated to grow at a considerable rate over the coming years. The growth of this segment is attributed to its lower initial installation cost. However, sometimes there remains a possibility of fluctuation in hot water temperature. To address this problem, some of the leading manufacturers have come up with a fast-responding thermostat, which is particularly designed for use in heat interface units.
Proportional hydraulic control type is also anticipated to grow at a significant CAGR over the forecast period as it provides better experience for building occupants. The product provides constant domestic hot water temperature and fully eliminates the use of thermostatic control. High initial cost associated with it is likely to restrain the market growth to a certain extent.
Heat Interface Unit Market: Source Insights
The global heat interface unit market is divided into district heating system and community heating system, based on source.
District heating system is likely to witness an upsurge over the forecast period due to its large scale applications. District heating refers to a system for distributing heat produced in a centralized location for commercial heating requirements such as space heating and water heating. The heat is supplied through a network of pipes carrying hot water. Community heating system operates on a comparatively smaller scale.
Heat Interface Unit Market: Application Insights
The global heat interface unit market is segmented into Residential, Commercial, and Industrial. The residential sector is projected to grow at a substantial rate over the forecast period followed by industrial and commercial sector. Heat Interface system simplifies the problems associated with supplying heat to multi dwelling buildings. This, in turn, decreases the risks linked to gas distribution pipework and also minimises cost.
Heat interface units are widely used in various commercial as well as industrial sectors such as manufacturing, automotive, pharmaceuticals in order to meet the growing requirement of heat.
Heat Interface Unit Market: Regional Insights
North America is likely to grow at a significant CAGR over the forecast period followed by Asia Pacific. The regional growth is attributed to expanding industrial and commercial sector in this region. The demand for HIUs in Asia Pacific is likely to be driven by increased emphasis on industrial development in the past few years. Europe is also projected to grow at a substantial rate over the coming years.
Heat Interface Unit Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global heat interface unit market. The major consumers of the product are Ford and Roche among others.
Heat Interface Unit Market: Competitor Analysis
Major players profiled in the global heat interface unit market include Fair Heat, Kingspan, SW Energy, BESA, Rhico, Dutypoint Systems, Vital Energi, Caleffi, and Evinox Energy among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2017, Evinox announced to expand its best-selling range of ModuSat® Heat Interface units with the introduction of the new ModuSat® XR and ModuSat® XR- ECO Twin Plate models, which provides both indirect space heating and domestic hot water.
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The global heat interface unit market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the heat interface unit market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing heat interface units, and customer analytics.
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