Hydronic Underfloor Heating Market Analysis

Facility (New Buildings, Retrofit)

The new buildings segment is anticipated to account for 51% share of the hydronic underfloor heating market in the 2037. 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: