According to the report, the global snow melting system market was valued at around USD 4.59 billion in 2016 and is expected to reach approximately USD 6.27 billion by 2022, growing at a CAGR of around 5.4% between 2017 and 2022.

New York, NY, April 02, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Snow Melting System Market - By Type (Hydronic, and Electric), By Application (Residential, Commercial, and Municipal): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”.  According to the report, the global snow melting system market was valued at around USD 4.59 billion in 2016 and is expected to reach approximately USD 6.27 billion by 2022, growing at a CAGR of around 5.4% between 2017 and 2022.

A snowmelt system is used to prevent the build-up of snow and ice on walkways, patios, and roadways. Most of the snowmelt system operates in conjunction with an automatic activation device that will turn the system on when it senses precipitation and freezing temperatures and turn it off when temperatures are above freezing. 

Browse through 35 Tables & 15 Figures spread over 110 Pages and in-depth TOC on "Global Snow Melting System Market: Industry Type, Size, Share, Trends and Forecast 2016 – 2022”.

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The snow melting system is expected to witness substantial growth within the forecast period. The market is mainly driven by rapid growth of new residential market across the globe specifically in the developed region such as North America and Europe. For instance, housing stats in the U.S. are expected to be 1,100.00 Thousand units by the end of this quarter. In the long-term, the U.S. housing stats are projected to trend around 1,280.0 Thousand units in 2020. In turn, it is expected to bolster the growth of the snow melting system market over the forecast period. However, the high cost of raw material is expected to restraint market growth during the forecast period. 

On the basis of products, the market can be classified into hydronic and electric. In terms of revenue share, hydronic segment held around 43% share of the overall market in 2016. On the basis of application, the market is segmented into residential, commercial, and municipal. Residential segment is expected to dominate the market share in the near future. 

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North America is expected to exhibit significant growth in the years to come. In terms of revenue share value, the North America snow melting system market is expected to dominate the global market and was valued at 39.07% in 2016. This growth is owing to the increased comfort consciousness of the homeowners and the increase in the residential construction activity in North America. This is a key factor fueling the snow melting system market growth over the forecast period.

Europe was another leading regional market and is projected to lead the market till 2022. This is mainly due to heavy snowfall in Europe region followed by North America, which has huge requirement for snow melting system. Increasing demand for snow melting system and growing heating industry is expected to propel the demand for snow melting system market in the near future.

Browse the full "Snow Melting System Market - By Type (Hydronic, and Electric), By Application (Residential, Commercial, and Municipal) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at  https://www.zionmarketresearch.com/report/snow-melting-system-market

The Asia Pacific is one the most promising regions for the growth of the market. Some key factors such as availability of raw material, cheap labor source and increasing number of small and medium enterprises in the developing countries like China, Japan and India are key drivers propelling the market growth.

The market combining both regions including Latin America and the Middle East and Africa, attributed to the high use of the system for the roadways, walkways, bridges, etc. In turn, it is expected to support the snow melting system market growth over the forecast period.

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The global snow melting system market is moderately consolidated, with the leading four players accounting for a significant share of the market in 2016. Major companies have been investing in product innovation, technological advancement, and maintaining quality standards in order to retain their dominance in the market. Some of the key players are Uponor, Watts Radiant, Warmquest, Rehau, Cerro Flow Type s LLC, HeatTrak, Thermon, Warmup, Britech, Small Tube Types, and Wieland-Werke AG and others.

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This report segments the global snow melting system market as follows:

Global Snow Melting System Market: Product Segment Analysis

• Hydronic
• Electric 

Global Snow Melting System Market: Material Segment Analysis

• Residential
• Commercial
• Municipal 

Global Snow Melting System Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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