Heat Pumps Global Market Report 2023 – By Product Type (Air Source, AirtoAir, AirtoWater, Water Source, Ground Source), By Rated Capacity (Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW), By End User (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2023-2032

Dehumidifiers Market Definition

The dehumidifiers market consists of sales of dehumidifiers by entities (organizations, sole traders, and partnerships) that make them to a variety of different end users. Dehumidifiers are electrical appliances used to reduce and maintain the level of humidity in the air, usually for health and/or comfort reasons. The use of dehumidifiers in different industries such as pharmaceutical, food and other industries, controls excess humidity enabling product drying, preservation, and corrosion prevention. Dehumidifiers can also help in enhancing the shelf life and the characteristics of raw materials, such as vegetables, fruits, lithium batteries, seeds, microfilm and others leading to better performance. Dehumidifiers are also used to protect valuable military equipment, weapons against degradation, rusting from airborne moisture became routine. Commercial dehumidifiers are used for extra-large spaces such as warehouses, manufacturing facilities, greenhouses, supermarkets, hospitals, indoor gymnasiums, large basements, or venues to condense and remove indoor air humidity. The use of a dehumidifier can also eliminate any musty odors and prevent the growth of mildew by extracting water from the air.

Concentrating solar power employs mirrors to focus the sun's energy, which is then used to power traditional steam turbines or engines to generate electricity. Thermal energy concentrated in a CSP plant collects solar radiation using reflecting or transmissive optical elements that focus the radiation to a focal point where it is directly transformed into thermal or electrical energy and is used to deliver heat for industries. The main types of concentrating solar power are the parabolic trough, solar power tower, Fresnel reflectors, and dish Stirling. Solar concentrating systems using parabolic collectors composed of reflecting materials are known as parabolic-trough solar concentrating systems. The collectors reflect incident solar radiation onto its focal line, which is directed toward a receiver, which receives the concentrated solar energy and uses it to heat the fluid inside it. The various capacities of concentrating solar power are less than or equal to 50 MW, greater than 50 MW less than or equal to 100 MW, and greater than 100 MW and the different heat transfer fluids used are molten salt, water-based, oil-based, and other heat transfer fluids. The energy can be stored with storage, without storage techniques, and is used for utility, EOR (Enhanced Oil Recovery), desalination, and other applications. The global concentrating solar power market is segmented – 1) By Technology: Parabolic Trough, Solar Power Tower, Fresnel Reflectors, Dish Stirling 2) By Capacity: Less Than or Equal To 50 MW, Greater Than 50 MW To Less Than or Equal To 100 MW, Greater Than 100 MW 3) By Heat Transfer Fluid: Molten Salt, Water-Based, Oil-Based, Other Heat Transfer Fluids 4) By Storage: With Storage, Without Storage 5) By Application: Utility, EOR, Desalination, Other Applications The global concentrating solar power market size will grow from $5.61 billion in 2022 to $6.78 billion in 2023 at a compound annual growth rate (CAGR) of 20.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The concentrating solar power market size is expected to grow to $13.18 billion in 2027 at a CAGR of 18.1%. Growing demand for renewable energy is driving the growth of the concentrating solar power market. Renewable energy is collected from renewable resources such as wind, rain, sunlight, tides, waves, and geothermal heat that reduces the effects of global warming and rising issues related to fossil fuels. The rising demand for electricity coupled with the stringent regulations of greenhouse gas emissions supports the demand and adaption of renewable energy. Concentrating solar power technologies employ mirrors to concentrate (focus) the sun's light energy and convert it to heat, which drives a turbine that generates electricity. For instance, according to IEA, a Paris-based autonomous intergovernmental organization, by 2026, global renewable electricity capacity is forecasted to rise more than 60% from 2020 levels to over 4,800 GW equivalents to the present total international power capacity of fossil fuels and nuclear combined. Major players in the concentrating solar power market are Abengoa S.A., BrightSource Energy Inc., ACWA Power, Aalborg CSP A/S, SolarReserve, Atlantica Sustainable Infrastructure plc, GE Renewable Energy, TSK Flagsol Engineering GmbH, Enel Green Power Corporation, Acciona S.A., Frenell GmbH, Suntrace GmbH, Torresol Energy, Trivelli Energia SRL, Grün Leben GmbH, and Soltigua S.r.l. Technological advancement is a key trend in the concentrating solar power market. Companies are investing in developing new technologies to increase energy generation capacity. For instance, in November 2021, SENER Renewable Investments, a subsidiary of the SENER Group that promotes and develops high-tech renewable energy projects, developed the first hybrid solar project in Spain, combining CSP technology with molten salt storage and photovoltaic technology. The SENERtrough® parabolic trough technology, invented and manufactured by SENER, will be used in the CSP facility, together with a molten salt heat storage system with two tanks, providing more than 1900 MWh thermal storage capacity and will be able to generate electricity 24 hours a day. In March 2021, Cubico Sustainable Investments, a UK-based renewable energy provider acquired Grupo T-Solar for an undisclosed amount. With this acquisition, Cubico’s total operational renewables portfolio increased to more than 500MW in Spain and over 250MW in Italy. Grupo T-Solar is a Spain-based renewable power producer. North America was the largest region in the concentrating solar power market in 2022. Asia-Pacific is expected to be the fastest-growing region in the concentrating solar power market share during the forecast period. The regions covered in concentrating solar power market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the concentrating solar power market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The concentrating solar power market includes revenues earned by entities by providing linear concentrators, dish or engine, and power tower systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The concentrating solar power market research report is one of a series of new reports from The Business Research Company that provides concentrating solar power market statistics, including concentrating solar power industry global market size, regional shares, competitors with a concentrating solar power market share, detailed concentrating solar power market segments, market trends and opportunities, and any further data you may need to thrive in the concentrating solar power industry. This concentrating solar power market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Solar energy refers to the generation of renewable energy from sunlight and conversion into electricity, either directly using photovoltaics, indirectly using concentrated solar power, or a combination of both. Photovoltaics (PV) are used to collect solar energy and convert it to usable energy in the form of electricity. The main types in the solar energy market are solar cell panels, solar cell paste, and solar silicon wafers. Solar cells are panels used to convert sunlight into electricity. Solar cell panels can be used to generate electricity to be used in residential or commercial sectors. The technology used in solar energy is photovoltaic systems and concentrated solar power systems and the types of panels are mono-crystalline thin film, and poly-crystalline. Solar energy is applied in residential and commercial and end-user are electricity generation, lighting, heating, and charging. The global solar energy market is segmented – 1) By Type: Solar Cell Panel, Solar Cell Paste, Solar Silicon Wafer 2) By Technology: Photovoltaic Systems, Concentrated Solar Power Systems 3) By Panel: Mono-Crystalline, Thin Film, Poly-Crystalline 4) By Application: Residential, Commercial 5) By End Use: Electricity Generation, Lighting, Heating, Charging The global solar energy market size will grow from $101.87 billion in 2022 to $126.82 billion in 2023 at a compound annual growth rate (CAGR) of 24.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global solar energy is expected to grow to $354.99 billion in 2027 at a CAGR of 29.3%. The increasing government initiatives to support renewable energy sources are expected to propel the growth of the solar energy market. Government initiatives include subsidies and relaxed laws for the implementation and use of solar energy. These initiatives have led to the installation of various solar projects all across the world for the production of renewable energy that is affordable to consumers. As government initiatives increase globally, there will be a significant rise in the adoption of solar energy across the world. For instance, according to the Union budget 2022-2023, India will allocate INR 4,500 crores ($0.58 billion) for the development of high-efficiency modules for solar photovoltaic cells under the PLI (Production-Linked Incentive) scheme. In addition, in 2020, Romania's Ministry of Environment allocated over USD 63.7 million for the Casa Verde Fotovoltaice (green PV home) scheme to support residential solar installations under its net metering regime. Therefore, increasing government initiatives to support renewable energy sources are expected to drive the growth of the solar energy market. Major players in the solar energy market are Kaneka Corp, Acciona Energia SA, Abengoa Solar SA, Bright Source Energy Inc., Tata Power Solar, Wuxi Suntech Power Co Ltd., Sunpower Corporation, Canadian Solar Inc., Esolar Inc., Gintech Energy Corp, Trina Solar Ltd., Solar Systems LLC, United Renewable Energy Co Ltd., LONGi Green Energy Technology Co Ltd., JinkoSolar Holdings Co Ltd., Borrego Solar Systems Inc., Areva, Indosolar, Euro multivision, Bharat Heavy Electricals, Central Electronics Limited, First Solar and Yingli Solar. The development of bifacial solar cells for increased output is a key trend gaining popularity in the solar energy market. Major companies and research and development centers operating in the solar energy sector are focused on developing bifacial solar cells to meet market demand for maximum output. Bifacial solar cells absorb light from both the front and back sides of their surfaces, catching albedo light that will otherwise be wasted. Therefore, companies and research and development centers are focused on developing bifacial solar cells to maximize the output of solar energy. For instance, in August 2021, researchers from Australian National University, a public research university located in Canberra developed a new bifacial solar cell with a 96.3% bifacial factor. It is a dual-sided silicon solar cell with a front-conversion efficiency of 24.3% and a back-conversion efficiency of 23.4%, resulting in a bifacial factor of 96.3%. According to the researchers, the performance indicates an effective power output of around 29%. The bifacial solar cell will outperform the single-sided silicon solar cells and offer efficiency for solar PV projects. In March 2022, Sonnedix Power Holdings Limited, a UK-based global company specializing in the power production of solar energy acquired Sun Power Energy for an undisclosed amount. This acquisition helps Sonnedix to increase its workforce, gain a 1GW development pipeline throughout Poland, and expand its product reach to Europe. Sun Power Energy is a Poland-based company that develops solar photovoltaic modules. Asia-Pacific was the largest region in the solar energy market in 2022. The regions covered in the solar energy market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solar energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The solar energy market includes revenues earned by entities by providing services such as stand-alone power systems (SAPS), grid-feed solar systems, and grid-connected solar systems with battery storage. The solar energy market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The solar energy market research report is one of a series of new reports from The Business Research Company that provides solar energy market statistics, including solar energy industry global market size, regional shares, competitors with a solar energy market share, detailed solar energy market segments, market trends and opportunities, and any further data you may need to thrive in the solar energy industry. This solar energy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart homes are defined as a system that connects with the appliances in the house for automating various tasks. Smart homes offer homeowners comfort, security, energy efficiency, and convenience by allowing them to control their smart devices. They are remotely controlled through a smart home app on the smartphone or various other networked devices. The main types of smart homes are lighting control, security and access control, heating, ventilation, and air conditioning (HVAC) control, entertainment control, and other controls, smart speaker, home healthcare, smart kitchen, home appliances, and smart furniture. Lighting controls refer to a group of smart lighting systems that can control the amount, quality, and characteristics of light in a specific area. They come in behavioral and proactive software and services and are sold by direct, and indirect channels. The technologies used are wireless technology and cellular network technology that has various standards and protocols such as wireless protocols, wired protocols, and hybrid protocols. The global smart homes market is segmented - 1) By Product: Lighting Control, Security And Access Control, Heating, Ventilation, And Air Conditioning (HVAC) Control, Entertainment Control And Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture 2) By Software And Services: Behavioural, Proactive 3) By Sales Channel: Direct, Indirect 4) By Technology: Wireless Technology, Cellular Network Technology 5) By Standards And Protocols: Wireless Protocols, Wired Protocols, Hybrid Protocols The global smart homes market size will grow from $91.03 billion in 2022 to $110.02 billion in 2023 at a compound annual growth rate (CAGR) of 20.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the smart homes is expected to grow to $234.86 billion in 2027 at a CAGR of 20.9%. The growing adoption of smart devices is expected to propel the growth of the smart home market. Smart devices are defined as the objects used in everyday life, that is made intelligent through advanced computing techniques such as machine learning and artificial intelligence, that are networked to form the internet of things. These smart home devices can be interconnected and accessed through laptops, smartphones, tablets, or others. For instance, according to MediaPost, a US-based integrated publishing and conference company, 15% of households across the world are predicted to have a smart home device installed by 2023. Moreover, 69% of households in the US have at least one smart device. Therefore, the rising adoption of smart devices is driving the smart homes market growth. Major players in the smart homes market are Honeywell International Inc., Siemens AG, Johnson Controls International, Schneider Electric SE, United Technologies Corporation, Amazon Inc., Apple, Google, Robert Bosch GmbH, Samsung Electronics, LG Electronics, Sony Corporation, Control4 Corporation, Comcast Corporation, Lutron Electronics Co. Inc., Legrand SA, Smart home Inc., General Electric Company, Ingersoll-Rand PLC, Delta Controls, Axis Communications, Crestron Electronics, SimpliSafe, Armorax and Canary. Technological advancements are shaping the smart homes market. Technological advancement is defined as a discovery of knowledge that advances technology and provides enhanced products to the customers. New technologies such as IoT are used to provide comfort and reliability to the users. For instance, in September 2020, Sunroof, an India-based provider of solar energy solutions and (Internet of Things) IoT smart energy solutions, launched zunpulse smart devices. The zunpulse is designed for safeguarding the customers and making their life more comfortable and secure. The new range of devices launched includes a smart energy monitor, smart plug, smart camera, smart security system, smart AC remote, smart energy monitor, smart video doorbell, smart LED bulbs, and, smart TV remote. In October 2021, Nice SpA, an Italy-based manufacturer of smart home, home and building, and security automation solutions, acquired Nortek Security And Control LLC for $285 million. With this acquisition, Nice SpA aims at expanding its portfolio to provide a full suite of integrated solutions for commercial, residential, government, and industrial customers that offer high-security applications and professionally installed specialized products. Nortek Security And Control LLC is a US-based developer of technology for home automation, power, control, security, access control, entertainment, artificial intelligence, and health systems for commercial and residential markets. Asia-Pacific was the largest region in the smart homes market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart homes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart homes market includes revenues earned by entities by providing services such as smart speakers, smart plugs, smart bulbs, smart thermostats, smart cookers, smart refrigerators, smart showers, and smart mattresses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart homes market research report is one of a series of new reports from The Business Research Company that provides smart homes market statistics, including smart homes industry global market size, regional shares, competitors with a smart homes market share, detailed smart homes market segments, market trends and opportunities, and any further data you may need to thrive in the smart homes industry. This smart homes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Waste heat to power refers to the process of capturing heat discarded by an existing thermal process and using that heat to generate power. Waste heat to power reduces pollution, equipment size, and auxiliary energy consumption. The main types of products in waste heat to power are the steam Rankine cycle, the organic Rankine cycle, and the Kalina cycle. The steam Rankine cycle is a simplified thermodynamic cycle of a constant-pressure heat engine that turns some heat into mechanical work. Heat is provided externally to a closed loop in this cycle, which typically uses water (in both liquid and vapor phases) as the working fluid. The various applications include preheating, steam, and electricity generation, among others, and are used by several sectors such as petroleum refining, cement industry, heavy metal production, chemical industry, pulp and paper, food and beverage, glass industry, and others. The global waste heat to power market is segmented – 1) By Product: Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle 2) By Application: Preheating, Steam And Electricity Generation, Other Applications 3) By End Use: Petroleum Refining, Cement Industry, Heavy Metal Production, Chemical Industry, Pulp And Paper, Food And Beverage, Glass Industry, Other End Users The global waste heat to power market size will grow from $15.83 billion in 2022 to $18.48 billion in 2023 at a compound annual growth rate (CAGR) of 16.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global waste heat to power is expected to grow to $30.36 billion in 2027 at a CAGR of 13.2%. The growth in the industrial sector is expected to propel the growth of waste heat to power market going forward. Capital investment, labour input, financial investment, and technological innovation are the major factors influencing industrial growth. Non-metallic mineral production, petroleum refining, and heavy metal production are some of the key application areas with considerable waste heat recovery potential. For instance, according to the U.S. Energy Information Administration, in the year 2020, the industrial sector accounted for 36% of the total United States' end-use energy consumption and 33% of total U.S. energy consumption. Also, according to new Central Statistics Office data, factory output in the non-metallic mineral products industry increased by 8.0% in February 2020 compared to February 2019. The non-metallic mineral products industry grew faster than overall industrial output, which increased by 4.5%. Nonmetallic mineral products accounted for 4.09% of total industrial production (IIP) and contributed 0.33% to IIP growth. Therefore, the growth in the industrial sector is driving the growth of waste heat to power market. Major players in the waste heat to power market are Verizon Connect, Spireon, Geotab, TomTom, Teletrac Navman, Cartrack, CalAmp, Teltonika, Orbcomm, Xirgo Global, Laipac, Trackimo, AirIQ, Fleetmatics, Mix Telematics, Trimble, Actsoft, Ctrack, and Masternaut. The development of lead-free (PB) materials for waste power recovery is a key trend in the waste heat to power market. Up till 2020, lead was the only major element used in waste heat recovery systems, which is limiting the mass applications of waste heat. As a result, scientists are working on novel lead-free materials to recover waste heat with seemingly different qualities into a single material: the strong electrical conductivity of metals, the great thermoelectric sensitivity of semiconductors, and the poor thermal conductivity of glasses. For instance, in February 2021, scientists from the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), an autonomous institution of the Department of Science and Technology (DST), Government of India, discovered a lead-free material called Cadmium (Cd) doped Silver Antimony Telluride (AgSbTe2) that can efficiently recover electricity from waste heat, signalling a paradigm shift in the thermoelectric puzzle. In February 2021, Siemens Energy AG, a Germany-based energy company, signed an agreement with TC Energy Corporation for the commissioning of a waste heat-to-power plant installation in Alberta, Canada, for an undisclosed amount. As part of the deal, Siemens Energy will build and run the facility, with the possibility of TC Energy regaining ownership at a later date. The facility would capture waste heat from a gas-fired turbine operating at a pipeline compression station and further convert it into emissions-free power. The electricity generated will be fed back into the system, resulting in an estimated 44,000 tonnes of greenhouse gas reductions each year. TC Energy Corporation is a Canada-based natural gas company. Europe was the largest region in the waste heat to power market in 2022. The regions covered in the waste heat to power market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the waste heat to power market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The waste heat to power market includes revenues earned by entities by providing services such as ORC, steam cycle, and cascaded steam-organic cycle. The waste heat to power market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The waste heat to power market research report is one of a series of new reports from The Business Research Company that provides waste heat to power market statistics, including waste heat to power industry global market size, regional shares, competitors with a waste heat to power market share, detailed waste heat to power market segments, market trends and opportunities, and any further data you may need to thrive in the waste heat to power industry. This waste heat to power market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An automotive heat exchanger is a device designed for the automobile industry that allows heat to be transferred between two mediums at different temperatures. The medium consists of fluids that are separated by a material such as metals with heat transfer properties and flow close to each other. The automotive heat exchanger is used to remove heat from automotive mechanical systems. The main types of designs in automotive heat exchangers are tube fin, plate bar, and others. Fin tubes are the main component of a heat exchanger system. Primarily, the efficiency of a heat exchanger depends on the heat transfer capabilities of finned tubes. The different types of vehicles include passenger cars, light commercial vehicles, and heavy commercial vehicles and involve various electric vehicles such as battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). It is used in several applications, including radiators, oil coolers, intercoolers, air conditioning systems, exhaust gas heat exchangers, and others. The global automotive heat exchanger market is segmented – 1) By Design Type: Tube Fin, Plate Bar, Other Design Types 2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Electric Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV) 4) By Application: Radiators, Oil Coolers, Intercoolers, Air Conditioning Systems, Exhaust Gas Heat Exchangers, Other Applications The global automotive heat exchanger market size will grow from $24.5 billion in 2022 to $27.06 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive heat exchanger market is expected to grow to $37.97 billion in 2027 at a CAGR of 8.8%. The increasing production of commercial and passenger vehicles is significantly contributing to the growth of the automotive heat exchanger market. Passenger vehicles are automobiles that are used to transport passengers, whereas commercial vehicles transport a larger number of people for business purposes. The high production of automobiles requires a large number of automotive parts, including automotive heat exchangers, to be installed in the new vehicle, thereby promoting the automotive heat exchanger market's growth. For instance, according to the China Association of Automobile Manufacturers, the production of passenger vehicles was approximately 21.408 million in 2021, up 7.1% year on year. Therefore, the increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive heat exchanger market going forward. Major players in the automotive heat exchanger market are ABB Ltd., AMEC Foster Wheeler Ltd., CNBM Group, Cochran Ltd., Dalian East New Energy Development Co. Ltd., Dürr Group, ElectraTherm, E-Rational, Forbes Marshall, General Electric, GETEC Energie Holding GmbH, IHI Corp., Mitsubishi Power Ltd., Ormat Technologies, Rentech Boiler Systems Inc., Siemens, Thermax Limited, Viessmann Limited, AC Boilers SpA, Bosch Thermotechnology, and Walchandnagar. Product innovations have emerged as a key trend in the automotive heat exchanger market. Major companies operating in the automotive heat exchanger sector are focused on developing innovative heat exchangers to reinforce their position. For instance, in January 2022, Conflux Technology, an Australia-based additive manufactured heat exchanger expert company, is developing the most advanced additively manufactured 3D printed heat exchanger designs using metal 3D printing technology in partnership with Dallara. It is a small heat exchanger that meets stringent quality, performance, and cost targets. The 3D printed heat exchanger is highly efficient in terms of thermal exchange, pressure drop, and weight. In May 2021, Hanon Systems, a South Korea-based automotive thermal and energy management solutions company acquired a condenser business from Keihin Corporation for an undisclosed amount. Through this acquisition, Hanon Systems aims to expand its ability to supply condenser technology to automakers and diversify the customer base. Keihin Corporation is a Japan-based automotive and motorcycle parts company that operates in the manufacturing of heat exchangers for automobiles. Asia-Pacific was the largest region in the automotive heat exchanger market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive heat exchanger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive heat exchanger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive heat exchanger market consists of sales of double-pipe heat exchanger, shell-and-tube heat exchanger, plate heat exchanger and condensers and boilers heat exchangers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive heat exchanger market research report is one of a series of new reports from The Business Research Company that provides automotive heat exchanger market statistics, including automotive heat exchanger industry global market size, regional shares, competitors with an automotive heat exchanger market share, detailed automotive heat exchanger market segments, market trends and opportunities, and any further data you may need to thrive in the automotive heat exchanger industry. This automotive heat exchanger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heat-treated steel plates refer to a process of manufacturing steel plates by rapid heating and cooling, which modifies steel's physical and occasionally chemical characteristics and affects the material's mechanical qualities to give them properties such as improved surface stiffness, temperature tolerance, ductility, and resilience, which is expected to help them last longer. The main types of heat-treated steel plates are carbon steel, alloy steel, and stainless steel. Carbon steel refers to a type of heat-treated steel plant that is used in pipes, crankshafts, cutting tools, and so on. The different types of heat treatments include annealing, tempering, normalizing, and quenching and are used by several sectors such as automotive and heavy machinery, building and construction, shipbuilding and off-shore structures, energy and power, and others. The global heat treated steel plates market is segmented - 1) By Type: Carbon Steel, Alloy Steel, Stainless Steel 2) By Heat Treatment Type: Annealing, Tempering, Normalizing, Quenching 3) By End-user: Automotive and Heavy Machinery, Building and Construction, Ship Building and Off-Shore Structures, Energy and Power, Other End-user Industries The global heat treated steel plates market size will grow from $64.55 billion in 2022 to $68.5 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heat treated steel plates market size is expected to grow to $83.48 billion in 2027 at a CAGR of 5.1%. The increasing number of shipbuilding activities is significantly driving the growth of the heat treated steel plates market. Heat-treated steel plates are used in the construction of cargo and passenger ships, offshore drilling platforms, boats, and other structures and vessels. According to UNCTAD’s review of maritime transport 2021, ship deliveries were reduced by 12% in 2020, owing primarily to COVID lockdown-induced labour shortages. However, there has been a rise in new orders since early 2021. The first half of 2021 saw the highest level of new shipbuilding investment since the first half of 2014, with record-breaking orders for container ships nearly eight times that of the first half of 2020. This increasing number of shipbuilding activities will invariably create a huge demand for heat-treated steel plates. Hence, the growing number of shipbuilding activities is expected to propel the growth of the heat treated steel plates market over the coming years. Major players in the hea treated steel plates market are Arcelormittal S.A., ThyssenKrupp AG, POSCO, Tata Steel Limited, Baosteel Group, Outokumpu, JFE Holdings, Nippon Steel Corporation, Novolipetsk Steel, Essar Steel, Gerdau S.A., Jiangsu Shagang Group, US Steel, Ansteel Group Corporation Limited. Business collaboration is a key trend gaining popularity in the heat treated steel plates market. Major companies operating in the heat-treated steel plate sector are focused on business collaboration through business contracts, MoUs, and strategic partnerships to strengthen their position. For instance, in July 2021, Tenova LOI Thermprocess, a leading global company in the field of heat treatment plants based in Essen, has been contracted by VIZ-Stal, part of the Russian NLMK Group, to supply a decarburization and coating line (DCL) for VIZ-Ekaterinburg Stal's factory in Russia. The contract involves heat treatment, mechanical and process equipment engineering, supply and monitoring, and related electrical, measurement, and control systems for a DCL line. In December 2020, Arjas Steel, one of India's top alloy steel makers, acquired Modern Steels' steel, auto components, and heat treatment equipment for an undisclosed sum. This acquisition provides Arjas Steel with a manufacturing base and a total capacity of 4,50,000 tonnes in specialty steel for the automotive sector, stainless steel, and bright bars. Modern Steels meets the needs of the engineering, automotive, bearing, and allied industries for special and alloy steel-hot rolled bars. Asia-Pacific was the largest region in the heat treated steel plates market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the heat treated steel plates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the heat treated steel plates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The market for heat-treated steel plates consists of sales of manganese steel, nickel steel, nickel-chromium steel, and carbon-molybdenum steel.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heat treated steel plates market research report is one of a series of new reports from The Business Research Company that provides heat treated steel plates market statistics, including global market size, regional shares, competitors with a heat treated steel plates market share, detailed heat treated steel plates market segments, market trends and opportunities, and any further data you may need to thrive in the heat treated steel plates industry. This heat treated steel plates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The underfloor heating are systems that are used to warm the floor or act as a primary heat source. Underfloor heating works by distributing a lower temperature of warm water through a circuit of pipes under the finished floor. Intelligent thermostats then monitor and control the heat to maintain a consistent temperature throughout the property or individual zones. The main types of underfloor heating are hydronic underfloor heating and electric underfloor heating. A hydronic underfloor heating system consists of a network of pipes running beneath the floor with hot water heated by a boiler flowing through the pipes to heat the substrate and, as a result, the room. Heating cables are used for the comfortable radiant heating of new or refurbished commercial buildings. The installations are of two types: new installations and retrofit installations. Underfloor heating is used in residential, commercial, institutional, and industrial areas. The global underfloor heating market is segmented - 1) By Type: Hydronic Underfloor Heating, Electric Underfloor Heating 2) By Installation: New installations, Retrofit installations 3) By Application: Residential, Commercial, Institutional The global underfloor heating market size grew from $4.95 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global underfloor heating market is expected to grow to $6.45 billion in 2027 at a CAGR of 5.5%. Strong government support and incentives toward the adoption of underfloor heating solutions are driving the market. Government institutions across the globe are providing grants and incentives for the upgrade of existing heating systems and the adoption of renewable-source based heating systems. For instance, in 2020, the UK government launched The Green Homes Grant, which offers a financial grant of GBP 5,000 or GBP 10,000 to low-income households in the UK that covers labour and materials costs associated with the installation of heating improvement systems. These initiatives or grant schemes by governments are expected to boost the underfloor heating solutions market during the forecast period. Major players in the underfloor heating market are Siemens AG, Mitsubishi Electric Corporation, Pentair plc, Emersion Electric Co, Honeywell International Inc., Uponor Corporation Amuheat, Robert Bosch GmbH, Danfoss, Schneider Electric, Uponor Corporation, Schlüter-Systems Ltd., Polypipe, SALUS North America, Hurlcon Hydronic Heating, Amuheat, ESI Heating and Cooling, and Januaryes Radiant. Strategic partnerships between companies are a recent trend that is gaining popularity in the underfloor heating market. Companies in the underfloor heating market are entering into a strategic collaboration with technology players for the development of technologically advanced underfloor heating products with innovative features. For instance, in January 2020, nVent Electric plc, a Canada-based provider of electric radiant floor heating solutions, entered into a strategic collaboration with MAPEI to develop and launch "MAPEI Mapeheat with Technology from nVent" in the USA market. In February 2021, Polypipe Group, an Italy-based manufacturer of plastic pipes and heating solutions, acquired Nu-Heat for $27 million. With this acquisition, Polypipe is focusing on broadening its market reach in climate management solutions across the globe. Nu-Heat is a UK-based provider of underfloor heating solutions. Western Europe was the largest region in the underfloor heating market share in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the global underfloor heating market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the underfloor heating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The underfloor heating market consists of sales of different types of underfloor heating systems include hydronic underfloor heating, electric underfloor heating, heating cables, and heating mats. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The underfloor heating market research report is one of a series of new reports from The Business Research Company that provides underfloor heating market statistics, including underfloor heating industry global market size, regional shares, competitors with an underfloor heating market share, detailed underfloor heating market segments, market trends and opportunities, and any further data you may need to thrive in the underfloor heating industry. This underfloor heating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.