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Hydronic Underfloor Heating Market Size - By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), & Forecast, 2024 – 2032


Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery

Publisher : MIR | Format : PDF&Excel

Hydronic Underfloor Heating Market Size - By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), & Forecast, 2024 – 2032

Hydronic Underfloor Heating Market Size

Hydronic Underfloor Heating Market was valued at USD 4.6 billion in 2023 and is set to grow at a CAGR of 5.9% from 2024 to 2032, due to increasing demand for energy-efficient heating solutions. This system uses water to heat homes and buildings, offering superior comfort and consistent temperature control compared to traditional heating methods. Rising environmental awareness and the need to reduce carbon footprints are driving consumers to adopt hydronic systems, which are more sustainable and cost-effective over time. Technological advancements have improved the efficiency and installation processes, making these systems more accessible and appealing.

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Government incentives and regulations promoting energy-efficient buildings are fuelling market expansion. Furthermore, governmental incentives and energy-efficient building mandates are amplifying market growth. The escalating construction activities, especially in the residential and commercial domains, are further bolstering the adoption of hydronic underfloor heating systems, setting the stage for sustained market expansion in the foreseeable future. The growing construction industry, particularly in residential and commercial sectors, is also contributing to the increased adoption of hydronic underfloor heating systems, positioning the market for continued growth.
 

Hydronic Underfloor Heating Market Report Attributes
Report Attribute Details
Base Year 2023
Hydronic Underfloor Heating Market Size in 2023 USD 4.6 Billion
Forecast Period 2024-2032
Forecast Period 2024-2032 CAGR 5.9%
2032 Value Projection USD 7.9 Billion
Historical Data for 2021-2023
No. of Pages 110
Tables, Charts & Figures 15
Segments covered Facility, Application
Growth Drivers
  • Implementation of new energy reforms
  • Extreme climatic conditions
  • Increasing standard of living
Pitfalls & Challenges
  • High cost of retrofitting across prevailing building structures

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Hydronic Underfloor Heating Market Trends

Advanced control systems, such as smart thermostats and mobile apps, allow users to manage heating remotely and more efficiently. These systems provide precise temperature control, leading to enhanced comfort and energy savings. Additionally, integration with home automation systems is becoming more common, allowing seamless operation with other smart home devices. Government policies and incentives play a crucial role in the adoption of hydronic underfloor heating.

Many regions offer tax rebates, subsidies, and grants for installing energy-efficient heating systems. For instance, the European Union's focus on reducing carbon emissions has led to stringent regulations and incentives for energy-efficient building practices. These measures are encouraging both homeowners and commercial property developers to invest in hydronic underfloor heating systems. Advancements in materials and installation techniques have reduced the overall cost of hydronic underfloor heating systems. Innovations such as pre-insulated piping and modular panel systems simplify the installation process, making it quicker and more affordable. These improvements are making underfloor heating systems more accessible to a broader range of consumers.

Hydronic Underfloor Heating Market Analysis

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Based on facility, the new buildings segment is expected to cross USD 7.1 billion by 2032, owing to experiencing robust growth, particularly in the residential and commercial sectors. New building projects are incorporating advanced heating solutions to meet modern standards of energy efficiency and comfort. The adoption of hydronic underfloor heating systems in new constructions is facilitated by the ability to seamlessly integrate these systems during the building phase, leading to cost savings and enhanced design flexibility.

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Based on application, the residential segment is likely to register about 5.8% CAGR through 2032, since homeowners are increasingly seeking energy-efficient heating solutions to reduce energy consumption and lower utility bills. Hydronic underfloor heating systems are more efficient than traditional heating methods, as they operate at lower temperatures while providing consistent warmth. This energy efficiency is highly appealing in residential settings where cost savings over the long term are a significant consideration.

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Europe hydronic underfloor heating market is anticipated to surpass USD 4.3 billion by 2032, on account of its most stringent energy efficiency regulations in the world. The European Union's directives, such as the Energy Performance of Buildings Directive (EPBD), mandate high energy efficiency standards for new buildings and renovations. These regulations encourage the adoption of energy-efficient heating solutions like hydronic underfloor heating systems, which can significantly reduce energy consumption and carbon emissions.

The U.S. has seen a growing emphasis on energy efficiency across residential, commercial, and industrial sectors. Hydronic underfloor heating systems are highly efficient and align well with national and state-level goals to reduce energy consumption and carbon footprints. The push for greener building practices drives the adoption of such systems. As a global leader in technological innovation, the U.S. is home to numerous companies developing advanced heating technologies. This innovation includes the creation of more efficient hydronic systems, smart thermostats, and integration with home automation systems. Such advancements improve the performance and appeal of hydronic underfloor heating systems, driving market growth.

Hydronic Underfloor Heating Market Share

Danfoss, Mitsubishi Electric Corporation, and Daikin hold significant market shares in the hydronic underfloor heating industry due to their extensive product portfolios, technological innovations, and strong brand reputations. These companies offer advanced, energy-efficient heating solutions that integrate seamlessly with modern building systems. Their commitment to research and development ensures cutting-edge technology, while their global presence and established distribution networks enhance market reach.

Hydronic Underfloor Heating Market Companies

  • Amuheat
  • Daikin
  • Danfoss
  • Eberle by Schneider Electric
  • H2O Heating Pty Ltd.
  • Honeywell International, Inc.
  • Hunt Heating
  • Hurlcon Hydronic Heating
  • Mitsubishi Electric Corporation
  • Polypipe
  • REHAU AG
  • Robert Bosch GmbH
  • Schluter Systems
  • Uponor Corporation
  • Warmboard, Inc.
  • Warmup

Hydronic Underfloor Heating Industry News

  • In January 2023, Resideo Technologies has equipped Bellway, a leading UK housebuilder, with the Honeywell Home evohome smart thermostat. Known for its expertise in comfort, thermal, and security solutions, Resideo's evohome system was selected for its advanced smart zoning capabilities. The system employs radiator controllers to wirelessly track and regulate temperatures across up to twelve zones, which include nine rooms, twelve radiators, and three underfloor heating zones.

This hydronic underfloor heating market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032, for the following segments

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Market, By Facility

 

  • New Buildings
  • Retrofit

Market, By Application

  • Residential
    • Single Family
    • Multi Family
  • Commercial
    • Education
    • Healthcare
    • Retail
    • Logistics & Transportation
    • Offices
    • Hospitality
    • Others
  • Industrial

The above information has been provided for the following countries across the regions

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Austria
    • Belgium
    • Denmark
    • Finland
    • Norway
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Mexico

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )