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Underfloor Heating Actuator Market Size - By Product (Thermal, Motoric), By Application (Residential, Commercial, Industrial), Regional Outlook & Forecast, 2024 – 2032


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

Publisher : MIR | Format : PDF&Excel

Underfloor Heating Actuator Market Size - By Product (Thermal, Motoric), By Application (Residential, Commercial, Industrial), Regional Outlook & Forecast, 2024 – 2032

Underfloor Heating Actuator Market Size

Underfloor Heating Actuator Market was valued USD 303.8 million in 2023 and is anticipated to grow at a CAGR of 4.4% from 2024 to 2032. It is a device used in underfloor heating systems to regulate the flow of hot water or electric current through the pipes or cables embedded in the floor. The actuator controls the opening and closing of valves or switches to adjust the temperature in individual zones or rooms.

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Underfloor heating systems are deployed across building floors to provide comfortable warm floors and space heating. Technological advancements and growing demand from regions witnessing extreme climatic conditions initiated a positive business outlook. Further, the growing requirement of efficient systems to increase productivity & reduce the downtime primarily in industrial facilities & manufacturing hubs worldwide which will positively impact the underfloor heating industry, thereby complementing the demand for actuators.
 

Underfloor Heating Actuator Market Report Attributes
Report Attribute Details
Base Year 2023
Underfloor Heating Actuator Market Size in 2023 USD 303.8 Million
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 4.4%
2032 Value Projection USD 450.7 Million
Historical Data for 2021 - 2023
No. of Pages 200
Tables, Charts & Figures 30
Segments covered Product, Technology, Application and Region
Growth Drivers
  • Introduction of energy efficiency standards
  • Extreme climatic conditions
  • Increasing standard of living
  • Rising urbanization and commercialization
  • Increasing demand for space heating
Pitfalls & Challenges
  • High cost of retrofitting in existing buildings

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Significant decline in the upfront and installation cost have re-established underfloor heating from luxury to a more mainstream technology. The systems, with recent technological development have become more convenient for both small-scale, comprising kitchen & bathrooms along with large-scale applications. Additionally, the growing requirement of efficient systems to increase productivity & reduce the downtime primarily in industrial facilities & manufacturing hubs worldwide which will positively impact the underfloor heating industry, thereby complementing the demand for actuators.

Underfloor Heating Actuator Market Trends

Rapid economic growth, shifting consumer trend toward energy efficient heating technologies across the emerging economies have compelled the regulators to adopt advanced heating systems, thereby creating a positive business scenario. Surging consumer demand for efficient space heating primarily in the extreme climatic regions along with shifting customer focus on luxury fittings is set to stimulate the market growth. Integration of smart technology and home automation systems along with rising demand for underfloor heating systems with zoning capabilities, allowing users to control heating levels in individual rooms or zones independently will drive the industry outlook.

Underfloor Heating Actuator Market Analysis

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Based on product, the thermal segment is anticipated to cross over USD 429 million by 2032 on account of better utilization of the systems in small spaces including kitchen and bathrooms. Thermal being the most predominant one to be used in the heating systems will strengthen the business landscape. Moreover, intelligent features comprising superior control accuracy, feedback channel and valve path accuracy coupled with easy assembly and attractive designs will augment the adoption of actuators. Additionally, ongoing research & development activities have supported the industry leaders in revolutionizing the component modular structure, thereby easing the product customization according to the customer preference.

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Based on application, the commercial sector is set to grow at a CAGR of over 4% through 2032. The systems are most preferred across various commercial areas including offices, hospitals, retail stores, care homes, museums, church, hotels, restaurants, and leisure centers. They are readily deployed across establishments requiring premium and comfort heating solutions including saunas and spa, among others. Increasing construction of commercial areas, rising number of green building projects along with significant cost savings in long run is anticipated to fuel the industry growth, thereby influencing the demand for actuators.

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Europe underfloor heating actuator market is anticipated to grow over USD 283 million by 2032 on account of majority of the demand coming from UK, Germany, and Denmark. The region ensures the presence of major players operating in underfloor heating actuators market including Danfoss, Glen Dimplex, Möhlenhoff and Warmup, among others. The industry players are competing on building advanced technologies and product differentiation for its customers, complementing the industry outlook. Additionally, Extreme climatic conditions and stringent environment regulations to limit carbon emissions are the key growth factor across the region, thereby augmenting the industry landscape.

The U.S. government has laid various building codes and directives pertaining to the installation of energy efficient heating systems. Increasing spending toward the residential renovation projects and consumer inclination toward home décor and designing will augment the product adoption.

Underfloor Heating Actuator Market Share

Strategic partnerships in the underfloor heating actuator industry can drive innovation, expand market reach, and enhance product offerings. These collaborations can involve technology providers, component manufacturers, energy companies, and industry associations. Further, collaborating with smart home solution providers can ensure that underfloor heating actuators are compatible with broader smart home ecosystems, including lighting, security, and HVAC systems.

Underfloor Heating Actuator Market Companies

Eminent players operating in the underfloor heating actuator industry are

  • Danfoss
  • Eberle Controls GmbH
  • Hunt Heating
  • Honeywell International, Inc.
  • Heatmiser
  • Möhlenhoff GmbH
  • Oventrop GmbH & Co. KG
  • Polypipe
  • Siemens AG
  • SHANGHAI SMLG THERMOSTATIC TECHNOLOGY CO.,LTD
  • Sauter AG
  • Schlüter-Systems Ltd.
  • Uponor
  • Warmup

Underfloor Heating Actuator Industry News

  • In June 2023, Ambiente showcased new products including AmbiEgo, an intelligent self-balancing actuator to support both cooling and heating circuits. It reduces the requirement for a complete system design, making it easier to work without knowledge of the original design. The additional costs compared to conventional actuators are repaid directly with the installation due to the time savings. Further, the new product allows the integration of AI, thereby making the installations easier and quicker.
  • In March 2022, Danfoss launched A5 Series Electronic Valve Actuators including the ABRA A5 and ABNM A5 models. These are designed for electrically controlling valves in hot and chilled water systems with reduced energy consumption. Further, the company aims to provide efficient, high quality, and adaptable solutions to meet various heating and cooling system requirements.

This underfloor heating actuator market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “(‘000 Units & USD Million)” from 2021 to 2032, for the following segments

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Market, By Product

 

  • Thermal
  • Motoric

Market, By Application

  • Residential
  • Commercial
  • Industrial

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

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Spain
    • Austria
    • Belgium
    • Denmark
    • Finland
    • Norway
    • Sweden
    • UK
    • Italy
    • Russia
    • Poland
    • Czech Republic
    • Switzerland
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • Australia
    • India
    • South Korea
  • 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 )