< Browse more articles

HRAI SEPT4 2

HRAI Members working with hydronic systems may be interested in three upcoming events in Ontario:

• The HPAC Magazine Modern Hydronics Summit, Sept 19 at the International Centre near Toronto’s Pearson Airport. www.modernhydronicssummit.com 

A 100% hydronic focused conference/trade show, this full-day event will be filled with 60 vendor booths and a host of sessions lead by HPAC’s, very well known, hydronic writers including John Siegenthaler, Robert Bean and more. Food and beverages are served throughout the day with a conference wrap-up with drinks and networking.

The registration fee is $99.  There are also discounts in place for any firms wishing to bring 3 staffers or more. For more than 6 staffers please contact Peter at pleonard@hpacmag.com.

• The Canadian Hydronics Conference, (Canadian Institute of Pluming & Heating - CIPH) Tuesday, Sept 24 and Wednesday, Sept 25 at the Ottawa Conference & Event Centre at 200 Coventry Rd. Details here.

• The Canadian Hydronics Conference from the Canadian Hydronics Council (CHC), Nov. 4-5, 2019, also at the Ottawa Conference and Event Centre. Details here.

The hydronics market is growing steadily. Researchandmarkets.com says the global hydronic systems market will experience a compound annual growth rate (CAGR) of 7.14% from 2018 to 2022, while Technavio predicts about 7% during the same period.

Global Market Insights says the under floor hydronics market will be worth more than US $5 billion by 2024 with the Commercial segment making up about 3 billion of this amount.

According to ibisworld.ca the wholesale plumbing & heating market will grow at about 1% in Canada in the coming years, about 1.8% in the USA, while hydronics growth will be about twice as fast. Returning to global numbers, researchandmarkets predicts hydronic control systems to increase by a CAGR of 3.1% through 2023, or from US $ 32.4 billion in 2018 to US $ 37.7 billion by 2023.

Global Market Insights attributes market strength to “stringent government regulations pertaining to decarbonization of buildings, along with an upsurge in clean energy technology …growing consumer awareness toward adoption of low emission heating systems will foster the U.S. hydronic under floor heating market. Extreme climatic conditions with escalating energy prices will further stimulate the product penetration…Building Efficiency Standards introduced by California..”

Researchandmarkets says “Continuous growth in construction and renovation of residential and commercial buildings are among the major factors supporting the growth of the hydronic control market, along with the increasing adoption of IoT in smart housing. Government regulations regarding environmental safety and water quality are also among the major drivers for the growth of the hydronic control market in North America.”

Technavio cites smart home market influences, the growing international emphasis on energy conservation, and lower temperatures used in under floor heating. “End-users, both residential or commercial, prefer the use of radiant heating or cooling systems in order to cut down on their operating expenses…has led to the increased demand for hydronic systems.”

Links events

https://www.hpacmag.com/heating-plumbing-air-conditioning-general/calling-all-hydronics-enthusiasts-register-now-for-modern-hydronics-summit-2019/1004127550/

https://www.ciph.com/events/EventDetails.aspx?id=1210521&group=

https://www.modernhydronicssummit.com/

Links statistics

https://www.researchandmarkets.com/research/zvhn2t/global_hydronic?w=4

https://www.businesswire.com/news/home/20180611005825/en/Global-Hydronic-Systems-Market-Top-Factors-Driving

https://www.globenewswire.com/news-release/2017/08/17/1086980/0/en/Hydronic-Underfloor-Heating-Market-worth-over-5bn-by-2024-Global-Market-Insights-Inc.html

https://www.ibisworld.ca/industry-trends/market-research-reports/construction/plumbing.html

https://www.ibisworld.com/industry-trends/market-research-reports/wholesale-trade/durable-goods/plumbing-heating-supplies-wholesaling.html

https://www.ibisworld.ca/industry-trends/market-research-reports/construction/plumbing.html

https://www.ibisworld.ca/industry-trends/market-research-reports/construction/plumbing.html