Hydronic Underfloor Heating Market size was over USD 4.23 Billion in 2023 and is anticipated to reach USD 8.8 Billion by 2036, growing at around 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hydronic underfloor heating is estimated at USD 4.46 Billion. The demand for hydronic underfloor heating is attributed to the rising trend of building automation across the globe. By the end of 2023, in the United States region, almost 15% of the building will have building automation systems (BAS) installed.
Hydronic underfloor heating is an advanced system that is considered to be an efficient way of heating the individual’s dwelling place. Generally, hydronic underfloor heating uses radiant heat technology that allows gentle heating of the surroundings, from the ground up while facilitating a much more energy-efficient method. Several advantages of hydronic underfloor heating include increased energy efficiency, low maintenance, freedom of design, and adaptability of floor heaters. All these factors are projected to favor the global industry expansion in the upcoming years.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.8% |
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Base Year Market Size (2023) |
USD 4.23 Billion |
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Forecast Year Market Size (2036) |
USD 8.8 Billion |
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Regional Scope |
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Facility (New Buildings, Retrofit)
The new buildings segment is anticipated to account for 51% share of the hydronic underfloor heating market in the 2036. The major factor that is anticipated to help segment growth is the lower installation cost in construction as compared to retrofit. Usually, developers use laborers that are present on the site to install the basic elements of hydronic underfloor heating systems beforehand and connect electric systems to avoid hassles after the development of the property.
Application {Residential (Single Family, Multi Family), Industrial, Commercial (Education, Healthcare, Retail, Transportation, Offices, Hospitality)}
The residential segment in the hydronic underfloor heating market is set to garner the highest revenue share of 47% through the forecasted timeframe. The growing awareness level about different automatic heating systems such as hydronic underfloor heating that is used in residential properties among the global population is anticipated to drive segment growth. In addition to the other aforementioned, rising renovation activities of residents along with the growing popularity of modern design have inspired consumers to adopt hydronic underfloor heating. Moreover, the presence of favorable government regulations and tax credit facilities for the installation of energy-efficient systems is also estimated to drive market growth.
Our in-depth analysis of the global market includes the following segments:
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Facility |
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Application |
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North American Market Forecast
The North America hydronic underfloor heating market is projected to be the largest with a share of about 35% by the end of the forecast period, owing to the investments of hefty amounts in the construction of multi-family buildings and commercial units especially in the United States and Canada region. Also, the significant rise in the real estate sector along with the escalation in the construction of new infrastructure is estimated to bring lucrative growth opportunities for market growth during the forecast period.
APAC Market Analysis
The Asia Pacific hydronic underfloor heating sector is set to hold 24% of the market share by the end of the projected timeframe. Asia Pacific is expected to observe a growth outlook in the coming years owing to the burgeoning population in the countries, especially, India and China, and their rising demand for fully efficient homes, and other infrastructure. In addition, the initiatives started by the government policies and regulations to reduce the carbon emission from heating equipment and bring a sustainable way of regulating the temperature of space are projected to create a positive outlook for market growth in the next coming years.
Author Credits: Dhruv Bhatia
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