Hydronic Underfloor Heating Market Trends

Growth Drivers

• Rising Adoption of HVAC Systems – People nowadays are inclined towards adopting advanced technologies such as HVAC (Heating, Ventilation, and Air-Conditioning) systems to upgrade their living standards. The adoption of HVAC control systems is anticipated to increase the demand for hydronic underfloor heating too. The HVAC industry generated a revenue of USD 17 Billion in 2022 and is poised to grow and reach USD 30 Billion by 2028.
• Significant Growth in the Number of Smart Homes and Buildings – Rapid urbanization has led to the development of smart homes and buildings across the globe. These advanced infrastructures require automatic and efficient heating systems such as hydronic underfloor heating for setting the room temperature. It has been found that in 2022, the count of smart homes worldwide was around 308 million and is projected to increase to reach 670 million smart homes throughout the world by 2025.
• Emergence of Advanced IoT-enabled Heating Systems – The rising integration of the Internet of Things (IoT) and Wi-Fi has enabled hydronic underfloor heating for observing, monitoring, and studying user settings and preferences. This trend is anticipated to favor the growth of the global hydronic underfloor heating market size during the assessment period.

Challenges

• High Initial Cost During Installation Process – Hydronic underfloor is built beneath the floor which requires high investments in the installation process. Furthermore, the usage of several pipes to carry the hot water along with the integration of wires and other things increases the overall cost. It is therefore estimated to hamper the growth of the market in the forecast period.
• Rising Concern Regarding the Complication Structure of the System
• Easy Availability of Cost-Effective Alternatives