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Manufacturers of Radiant Heating Equipment Must Highlight Long-term Customer Benefits - New analysis from Frost & Sullivan, North American Radiant Heating Markets, reveals that these markets generated revenues of $467.6 million in 2004 and will generate $1,566.8 million in 2011.
Manufacturers of Radiant Heating Equipment Must Highlight Long-term Customer Benefits

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2005/10/07 - New analysis from Frost & Sullivan, North American Radiant Heating Markets, reveals that these markets generated revenues of $467.6 million in 2004 and will generate $1,566.8 million in 2011. .

   
 
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The North American radiant heating markets are facing stiff competition from forced air systems, which offer cost and installation benefits to end users. For this reason, radiant heating equipment manufacturers need to convince customers of the superiority of their systems in terms of lesser long-term life cycle costs and better quality.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com), North American Radiant Heating Markets, reveals that these markets generated revenues of $467.6 million in 2004 and will generate $1,566.8 million in 2011.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants an overview of the latest analysis of the North American Radiant Heating Markets – then send an e-mail to Trisha Bradley – Corporate Communications, at trisha.bradley[...]frost.com, with your full name, company name, title, telephone number, fax number and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

“Enterprises should help clients differentiate clearly between installation costs and long-term life cycle costs,” points out Frost & Sullivan Research Analyst R. Srivatsan. “Although radiant heating systems are expensive to install, they can have considerably less long-term life cycle cost.”

Another obstacle for these manufacturers is the inability of these systems to provide cooling as well as heating in a functionality package. The impact of this challenge will eventually lessen with the development of high velocity and ductless air conditioning systems.

Further, the reluctance of high-end homeowners to install excessive ducts in their houses is likely to decrease the competition that air conditioners provide for radiant heating systems.

At present, the radiant heating markets – and especially the hydronic segment – face a scarcity of trained installation workers. Contractors and designers also seem reluctant to accept hydronics as a viable alternative to conventional heating systems.

“To rectify this, enterprises must provide factory training to installers and convince end users about the diverse advantages of radiant heating equipment such as superior designing and noiseless operation,” suggests Srivatsan.

For instance, radiant heating systems are highly useful in sites where superior air quality is imperative. Unlike forced air systems, they do not involve ducts or radiators that contribute to dust collection, thus reducing the diffusion of air-borne particles.

Overall, the increase in new home construction coupled with lower interest rates are set to boost demand for radiant heating equipment. In 2004, the total radiant heating market was worth $467.6 million, of which new construction accounts contributed to 60.0 percent, 72.4 percent of this value coming from the residential sector.

The North American Radiant Heating Markets, a part of the Building Technologies subscription, studies the aforementioned market, segmenting it into hydronic and electric systems and provides detailed revenue forecasts by region and end user. It also focuses on various issues including economic and technological developments, changing consumer requirements, and patterns of end-user behavior. Analyst interviews and executive briefings are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

North American Radiant Heating Markets
F137

Contact:

Magdalena Oberland
Corporate Communications – Europe
P: +44 (0) 20 7915 7876
F: +44 (0) 20 7730 3343
E: magdalena.oberland[.]frost.com

Donna Jeremiah
Corporate Communications – Asia Pacific
P: +603 6304 5832
F: +603 6201 7402
E: djeremiah[.]frost.com

Keywords in this Press Release: radiant heating, North American, hydronic, electric, long-term life cycle cost, air conditioning, ductless, installation, research, information, market, trends, technology, service, forecast

 
 
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Manufacturers of Radiant Heating Equipment Must Highlight Long-term Customer Benefits

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Publisher Contact: Trisha Bradley 
210.247.3870 trisha.bradley[.]frost.com
 
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