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Heat Interface Units Market size is set to grow by USD 447.33 million from 2024-2028, Reduced investment and maintenance costs boost the market, Technavio

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NEW YORK, June 14, 2024 /PRNewswire/ — The global heat interface units market size is estimated to grow by USD 447.33 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.08%  during the forecast period. Reduced investment and maintenance costs is driving market growth, with a trend towards growing demand for smart homes and development of smart cities. However, high costs of wood pellets used in district heating  poses a challenge. Key market players include Alfa Laval AB, Caleffi SpA, Cetetherm, Danfoss AS, Dutypoint Ltd., ELCO GmbH, Fortes Energy Systems, GIACOMINI Spa, Heatweb Solutions ltd., Honeywell International Inc., Ideal Heating Ltd., Intatec Ltd., Johnson and Starley Ltd., Kingspan Group Plc, KOZANLAR Heating Technologies and Solutions Inc. Org., Rhico District Heating Products Ltd., Robert Bosch GmbH, S.A. Armstrong Ltd., SAV Systems UK Ltd., and Vital Energi Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Heat Interface Units Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.08%

Market growth 2024-2028

USD 447.33 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.66

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 53%

Key countries

China, Russia, Poland, Sweden, and Denmark

Key companies profiled

Alfa Laval AB, Caleffi SpA, Cetetherm, Danfoss AS, Dutypoint Ltd., ELCO GmbH, Fortes Energy Systems, GIACOMINI Spa, Heatweb Solutions ltd., Honeywell International Inc., Ideal Heating Ltd., Intatec Ltd., Johnson and Starley Ltd., Kingspan Group Plc, KOZANLAR Heating Technologies and Solutions Inc. Org., Rhico District Heating Products Ltd., Robert Bosch GmbH, S.A. Armstrong Ltd., SAV Systems UK Ltd., and Vital Energi Ltd.

Market Driver

The smart home market’s growth, driven by the adoption of affordable smart technologies in North America, Europe, and developing economies, is fueling the demand for Heat Interface Units (HIUs). These units are essential for heating and cooling systems in smart homes and cities. Governments in regions like India are investing in smart city infrastructure, creating new opportunities for the HIUs market.

By connecting appliances and predicting consumer preferences, HIUs contribute to convenient, comfortable, and sustainable living. 

The Heat Interface Unit (HIU) market is experiencing significant growth due to the increasing demand for energy-efficient heating solutions. These systems enable the distribution of heat from a central source to individual buildings or units. Residents and businesses are turning to HIUs as an alternative to traditional heating methods, as they offer cost savings and reduced carbon emissions.

Additionally, the trend towards renewable energy sources is driving the adoption of HIUs, as they can be easily integrated with district heating and biomass systems. The market for HIUs is expected to continue growing, as more countries implement policies to reduce greenhouse gas emissions and promote energy efficiency. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The Heat Interface Units (HIUs) market is experiencing growth in buildings connected to district heating networks. District heating eliminates the need for individual boilers and heating systems, reducing costs and pipework. However, rising pellet prices for district heating fuel have led to customer disconnections, posing a challenge to market expansion in Europe. This trend may hinder the growth of the global HIUs market during the forecast period.The Heat Interface Unit (HIU) market faces several challenges. One key challenge is the increasing demand for energy efficiency and sustainability. HIUs must be able to provide heating and hot water efficiently while minimizing energy consumption. Another challenge is the need for compatibility with various building systems and energy sources.HIUs must be able to integrate with different types of heating systems and renewable energy sources. Additionally, the cost of HIUs and their installation can be a barrier to adoption, particularly in older buildings. Lastly, the regulatory environment is constantly evolving, with new regulations and standards being introduced regularly. HIU manufacturers must stay up-to-date with these changes to ensure their products meet the latest requirements.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Product 1.1 Indirect HIU1.2 Direct HIUApplication 2.1 Industrial2.2 Commercial2.3 ResidentialGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Indirect HIU-  Indirect Heat Interface Units (HIUs) are widely used in buildings due to their ability to separate primary and secondary circuits. This feature enables independent maintenance and cleaning of each circuit, minimizing the risk of pipe bursts and damages. The safety advantage of indirect HIUs is a significant factor driving their growth in the global market, which held the largest share in 2023.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Heat Interface Unit (HIU) market encompasses innovative solutions designed for energy-efficient space heating in both residential apartments and commercial buildings. These systems leverage renewable energy sources to reduce carbon emissions, contributing significantly to building sustainability. HIUs integrate metering and billing systems, ensuring accurate energy consumption tracking.

District heating systems, a key application for HIUs, utilize thermal networks to distribute heat to dwellings and large dormitory complexes. HIUs consist of essential components such as heat exchangers, controllers, pumps, sensors, valves, and can operate using indirect or direct heating methods. The market caters to the needs of various sectors, including commercial, industrial, and institutional establishments. HIUs ensure hydraulically and electrically safe connections, enhancing overall system reliability and efficiency.

Market Research Overview

The Heat Interface Unit (HIU) market encompasses solutions that provide heating and hot water services in residential and commercial buildings. These systems enable the efficient transfer of heat from a central source to individual spaces, reducing energy consumption and carbon emissions. HIUs are essential components of district heating and cooling systems, which are gaining popularity due to their ability to provide sustainable heating solutions.

The market for HIUs is driven by factors such as increasing energy efficiency regulations, growing demand for renewable energy sources, and the need for decarbonization in the heating sector. The market also offers various types of HIUs, including plate heat exchangers, run-around coils, and baxi boilers, catering to diverse heating requirements. The future of the HIU market lies in the integration of smart technologies and the development of more energy-efficient and cost-effective solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductIndirect HIUDirect HIUApplicationIndustrialCommercialResidentialGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Supreme Court Justice Michelle O’Bonsawin Joins Elementary Students for Live Virtual Q&A and Chapter One Storybook Reading on Sep. 24

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The Honourable Justice Michelle O’Bonsawin, the first Indigenous person appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A on September 24, from 1:00-2:15 pm ET, following a reading of the children’s storybook, “Daanis the Judge.” This event is hosted by Chapter One, a children’s literacy charity, to commemorate the National Day for Truth and Reconciliation. Lawyer Victoria Perrie, writer of “Daanis the Judge,” will read aloud the inspiring story, which is based on Justice O’Bonsawin’s remarkable journey. Illustrator EJ Miller-Larson will join Justice O’Bonsawin and Perrie in a moderated Q&A session with over 1900 elementary students.

TORONTO, Sept. 21, 2024 /PRNewswire-PRWeb/ — The Honourable Justice Michelle O’Bonsawin, the first Indigenous person to be appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A following a live online reading of the original children’s storybook “Daanis the Judge,” on September 24, from 1:00-2:15 pm ET. The event will be hosted by Chapter One to mark the National Day for Truth and Reconciliation. Chapter One is a children’s literacy charity that provides 1:1 high-impact reading tutoring and co-creates original storybooks with participating communities nationwide.

“I am very humbled and proud to be a part of the book, “Daanis the Judge.” My hope is that this book will inspire youth to dream big and know that anything is possible. I am evidence of that!” – Justice Michelle O’Bonsawin

Métis-Cree lawyer Victoria Perrie, who wrote “Daanis the Judge,” will lead the live reading. Students will ask questions during a moderated Q&A with Justice O’Bonsawin, Perrie, and illustrator EJ Miller-Larson, of the Fond du Lac Band and Oneida Nation.

“Daanis the Judge” was inspired by Justice O’Bonsawin’s trailblazing career. It tells the story of a young student, Daanis, who dreams of becoming a judge after learning about Justice O’Bonsawin’s achievements.

The story is part of Chapter One’s growing collection of original children’s e-storybooks, co-created with Indigenous writers, illustrators and communities. The e-storybooks celebrate Indigenous experiences and perspectives, and feature audio clips of Elders pronouncing foundational words in their communities’ first languages. All e-storybooks are provided for free through the Global Free Library.

About Chapter One

Chapter One (chapterone.org/ca) is a global nonprofit and registered Canadian charity that provides one-on-one early literacy tutoring programs to 2,300 children in eight provinces and territories across Canada. Its proven “short burst” high-impact tutoring approach—five-minute sessions, three to five times a week—is ideally suited to young children’s attention spans and aligns with the Science of Reading. In one of the largest randomized control trials conducted on early literacy instruction, researchers from Stanford University found that 7 out of 10 students receiving Chapter One high impact tutoring achieved phonics benchmarks by the end of Kindergarten, compared to 32% in the control group.

Children at risk of reading failure receive 1:1 reading support from trained, paid paraprofessional tutors through Chapter One’s online reading platform and custom software. Programs are delivered in-person and virtually in classrooms through agreements with schools and school boards, and at home on families’ smartphones, connecting struggling readers with individualized reading support—regardless of location and circumstance, even in some of the most geographically remote communities in Canada.

In addition to its tutoring programs, Chapter One collaborates with Indigenous communities to co-create children’s stories that represent the communities’ priorities and experiences and advance language revitalization efforts. The e-storybooks are provided for free online, as part of the Global Free Library.

Event details

The Live Virtual Q&A and Reading of “Daanis the Judge” with the Honourable Justice O’Bonsawin takes place on Tuesday, September 24, from 1:00-2:15 pm ET via Zoom. The event is open to elementary classes (Grades 1-6). Teachers/principals must register their classes in advance using this link.

Media Contact

Denise Orosa, Chapter One Canada, 1 4374224825, denise.orosa@chapterone.org, chapterone.org/ca

View original content to download multimedia:https://www.prweb.com/releases/supreme-court-justice-michelle-obonsawin-joins-elementary-students-for-live-virtual-qa-and-chapter-one-storybook-reading-on-sep-24-302254639.html

SOURCE Chapter One Canada

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PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

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24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

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Global Times: China opens 12 nuclear research facilities to global scientists

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The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

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SOURCE Global Times

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