In most markets the value of the actuator market is increasing faster than that for valves, reflecting the demand for more sophisticated actuators. Manual control valves and manual radiator valves are forecast to decline in most markets, as are manual thermostats.
Henry Lawson, Senior Market Research Consultant, WMI, said:
“Indeed: these studies confirm two fundamental facts about the European hydronic controls market. The first is that it is a mature market which broadly tends to grow or decline in line with the construction industry combined with economic conditions in a given country.
The second – and more exciting fact – is that hydronic controls are being strongly influenced by the general demand for smarter and more connected controls, linked to the growth of the Internet of Things in general and to the movement towards smarter buildings and smart homes in particular.
These reports shine a light on this important trend.”
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