Global Thermostatic Radiator Valve Market to Grow at a CAGR of 2.7% by 2021 – Driven by Integration With Home Automation & Growth of Home Automation Market – Research and Markets

May 11, 2017 - (Newswire)


Research and Markets has announced the addition of the "Global Thermostatic Radiator Valve Market 2017-2021" report to their offering.

The global thermostatic radiator valve market to grow at a CAGR of 2.75% during the period 2017-2021.

The report, Global Thermostatic Radiator Valve Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is integration with home automation and growth of home automation market. Given the format of residential heating in Europe, which is dominated by boiler-based systems for the circulation of hot water around the home, the development of heating technology with smart thermostats offered by Nest and its European competitors Tado and Netatmo do not provide independent control of different heating zones. This is where remote-controlled TRVs come into play and allow temperatures of each room to be set independently and thereby ensure the efficient working of boiler and pump, thus saving energy and money.

According to the report, one of the major drivers for this market is fuel savings and positive payback benefits. The average cost of installing a one-pipe TRV system is approximately $135 inclusive of the material and service costs. When the fuel saving derived in terms of the heat energy saved in a pre-retrofit one-pipe heating system is compared with that in a post-retrofit one-pipe heating system at a target space temperature of around 71°F, it is observed that the post-retrofit system demonstrates significant fuel saving figures over the lifetime of the TRV with a positive payback, especially with existing space temperatures above 75°F.

Key vendors

  • Caleffi
  • Danfoss
  • Drayton
  • Honeywell International

Other prominent vendors

  • I.V.A.R.
  • IMI Hydronic Engineering
  • Oventrop
  • Pegler Yorkshire
  • Siemens

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product type

PART 07: Geographical segmentation

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

PART 11: Vendor landscape

PART 12: Key vendor analysis

PART 13: Appendix

For more information about this report visit www.researchandmarkets.com/research/9p2687/global

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SOURCE Research and Markets

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Original Source: https://www.newswire.com/news/global-thermostatic-radiator-valve-market-to-grow-at-a-cagr-of-2-7-by-2021

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