Insulation for healthcare and hospitals Market: Introduction
Insulation for healthcare and hospitals is employed in order to achieve comfort and safety for its occupants. Insulation for healthcare and hospitals is very necessary for the audience present in it such as patients, doctors, visitors, etc., as this sector contains energy-intensive systems and needs an ambience free from regular noise and dim, shielding from radioactive and electromagnetic emissions generated by scanning and diagnostic equipment. Additionally, Insulation for healthcare and hospitals is very necessary as it has a more energy impact as most of the hospitals operate 24 hours .
Moreover, maintaining IAQ (Indoor Air Quality) of the building is very important and healthy for some healthcare buildings such as hospitals and clinics. Bad IAQ can have a bad impact on the health of occupants of the hospital's buildings, it can cause lack of concentration, nausea, headaches, fatigue, dizziness, drowsiness, respiratory diseases (bronchitis, asthma, etc.), nose, ear, eye and throat irritation, etc. Also, all the healthcare and hospitals buildings contain a major amount of condensate piping and steam supply. As, these buildings use steam for humidification, sterilization, and laundry facilities, therefore Insulation for healthcare and hospitals is necessary. It is used for the insulation and protecting the healthcare and hospitals building from air, sound, water, and dust.
Insulation for healthcare and hospitals has various advantages such as it can maximize the energy efficiency, minimize the overhead costs, reduce noise between the rooms and level, enhance the HVAC systems performances, improve the life of HVAC systems, minimize the carbon emission, etc. Additionally, the product life of insulation for healthcare and hospitals is very long, and it provides a healthier environment for the hospitals.
Insulation for healthcare and hospitals Market: Market Dynamics
Rapidly increasing infrastructure, building, and construction, awareness towards safety and hygiene in many hospitals lead to drive the market of Insulation for healthcare and hospitals. Additionally, some characteristics of the product such as it can increase the energy efficiency, minimize the overhead cost, long product life, improve HVAC systems performance, and provide a healthy environment in the hospitals will also act as the drivers for the Insulation for healthcare and hospitals market. On the other hand, the high cost of the product and high labor cost incurred during the installation of Insulation for healthcare and hospitals may consider as a hindrance to the market. However, increasing construction of high technology hospitals in tier 1 cities of all the regions and adoption of this solution in these hospitals may arise the good opportunity for the growth of Insulation for healthcare and hospitals market.
Insulation for healthcare and hospitals Market: Segmentation
Insulation for healthcare and hospitals Market: Regional Outlook
Europe region dominates the market of Insulation for healthcare and hospitals, in terms of both value and volume in 2016, followed by Asia Pacific and North America. However, over the forecast period, Asia Pacific region is expected to lead the market by growing at comparatively high CAGR and capture significant market shares of the Insulation for healthcare and hospitals market, followed by the Middle East and Africa region and Latin America region. The Middle East and Africa region and Latin America region are anticipated to grow at the lucrative rate of growth, owing to the development and awareness towards safety in the sector. This is owing to the reason that Europe and North America regions are mature markets as compared to other developing regions such as Asia Pacific, the Middle East and Africa and Latin America.
Insulation for healthcare and hospitals Market: Market Participants
Examples of some of the market participants in the Insulation for healthcare and hospitals market identified across the value chain are Armacell, CertainTeed, Old Dominion Insulation, CSR Bradford, Aerofoam, Chaparral Insulation Company, Carel, PPO Elektroniikka, SoundCoustic, Callan Insulation, Rilmac Healthcare Services, TP3 Global, etc.