Double-Digit Growth in District Cooling Market

The market for district cooling is projected to grow from $5.14 billion in 2016 to $9.54 billion by 2021, at a CAGR of 13.19% from 2016 to 2021. Factors such as high temperature in the region, increased investments in infrastructure projects, and rapid urbanization are driving the market. Rising energy prices, growing environmental concerns, and rising demand for low cost andhigh-efficiency cooling systems are some of the other factors fueling the demand for district cooling.

Hearth Market Growth Getting Warmer

According to the new research report on “Hearth Market by Fuel Type (Wood, Gas, Electricity, and Pellet), Product (Fireplace, Stove, and Insert), Design (Traditional Hearth, and Modern Hearth), Placement, Application, Technology, and Geography – Global Forecast to 2023”, the hearth market, the market is expected to reach $19.01 billion by 2023 from $15.72 billion in 2018, at a CAGR of 3.87% between 2018 and 2023.

Underfloor Heating System Market to See Modest Growth

The market is likely to attain an advantageous CAGR in the duration of the forecast period. The requirement for maintainable and inexpensive heating systems are motivating the growth of under floor heating solutions. Market reports associated to the construction industry have been put forward by Market Research Future which generates reports on other industry verticals that target the study of recent market scenarios better.

Smart Thermostats Market to Grow by Leaps and Bounds

Drastic changes in climatic conditions due to global warming has made thermostat a necessity for homes across the world. Thermostat maintains appropriate temperature inside an enclosure to ensure comfort level with respect to the ambient atmospheric temperature. However, conventional thermostats lack features such as remote monitoring and control of HVAC systems, optimum utilization of energy sources, and cost effectiveness.