Hot & Cold Systems Market Soars: Projected Worth Reaches $27.0 Billion by 2028

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Hot & Cold Systems Market Soars: Projected Worth Reaches $27.0 Billion by 2028

December 01
05:41 2023
Hot & Cold Systems Market Soars: Projected Worth Reaches $27.0 Billion by 2028
Browse 200 market data Tables and 50 Figures spread through 280 Pages and in-depth TOC on “Hot & Cold Systems Market”
Hot & Cold Systems Market by Raw Material (Plastic, Metallic, Metalized Plastic), Application (Water Plumbing Pipes, Radiator Connection Pipes, Underfloor Surface Heating & Cooling), Components, End-Users, And Region – Global Forecast to 2028

The hot & cold systems market is projected to reach USD 27.0 billion by 2028, at a CAGR of 6.3% from USD 19.9 billion in 2023. Hot and cold systems are designed to efficiently transport fluids, such as hot water or chilled water, for various applications including heating, cooling, and process requirements in buildings and industrial sectors. These systems consist of insulated pipes, valves, pumps, and control systems that work together to maintain the desired temperature and flow of the fluid throughout the distribution network. The primary functions of hot and cold systems are to provide thermal comfort, enable temperature control, and facilitate energy transfer for heating and cooling purposes, ensuring efficient and reliable operation in different environments. Urbanization and infrastructure development in emerging economies act as key drivers for the hot & cold systems market.

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The key players in the hot & cold systems market include RWC (US), Orbia (Mexico), Georg Fischer Limited (Switzerland), Geberit (Switzerland), Watts Water Technologies (US), Chevron Phillips Chemical LLC (US), Wienerberger (Austria), Aalberts (Netherlands), Aliaxis (Belgium), Lesso (China), Rehau (Switzerland), Zurn (US), Uponor (Finland), and Silmar Group (Italy) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through acquisitions, expansions, and partnerships.

RWC

RWC, headquartered in Atlanta, US, is a global producer specialized in plumbing and heating solutions. The company offers a wide range of products such as pipe fittings, connectors, water control valves, regulating valves, ball valves, thermostatic mixing valves, accessories, PEX piping systems, and HVAC solutions. It offers hot and cold systems under push to connect fittings, other fittings, and pipes product mix. The company offers innovative products and systems to residential, commercial, and industrial customers worldwide. It operates in Asia, Europe, the Americas, and Middle East & Africa. The company has 14 manufacturing facilities, 9 sales offices, 29 distribution hubs, and 5 innovation centers across the world.

In March 2023, RWC, a prominent supplier in the hot & cold systems market, launched two new product ranges i.e., SharkBite Max fittings and PEX-a pipe in the Americas to cater the unmet demand in the country. This launch was aimed at offering a reliable and leak-free connection for various plumbing applications, including pipes, valves, and fixtures.

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KYOCERA

Georg Fischer Limited is one of the leading providers of high-quality piping systems, flow control solutions, and related products & services. It offers a diverse range of products across three core business segments, namely GF piping systems, GF casting solutions, and GF machining solutions.  The company offers a wide range of products such as pipes, fittings, valves, polypropylene (PP-R) pipes, flow control solutions, and PVC piping systems. It offers hot and cold systems under GF piping systems. The company caters its products and systems to residential, commercial, and industrial customers worldwide. It operates in Europe, the Americas, Asia, and Middle East & Africa. The company has 60 manufacturing facilities present in 34 countries.

In August 2022, Georg Fischer launched a new range of pipes made from reworked polyvinylidene difluoride (PVDF) material instead of virgin PVDF. PVDF is a high-performance thermoplastic known for its excellent chemical resistance, mechanical strength, and temperature resistance. The reworked PVDF pipes are highly resistant to corrosive chemicals and suitable for conveying aggressive fluids.

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